| August 2008 | Weekly Motivational Ideas! Inspirations that I hope will help you make more $$!! |
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Dear Sam, This email is a little long but full of good info for your business!
Well, we don't have the down payment assistant program anymore for
FHA loans so if your buyers don't have at least 3.5% for a down payment
and a 580 FICO, I can't help them. But, if they can get a gift from a
relative, that will work so call me with those referrals!
So, let's focus on 40% of the buyers that are 1st time home buyers
that might have been saving money for a purchase over the last several
months. The better quality buyers are out there and now we have a
great reason to call them; the $7500 tax credit for first time home
buyers! Ask them to call me for the details!
Also, as this email shows, the Carolinas are the most
attract states for the 76 million baby boomers that will be retiring
soon. Of these, many are planning on relocating and the Carolinas are
the states that they are putting on the top of their list.
Read over the survey results below and make sure you know what
they want so you can help them find their perfect retirement home!
Call me if I can help you sell them on retiring here and so I can help them with some great financing services too!
Think $7500 1st-time buyer tax credit! Thanks for reading and thanks for your business too.
 Senior Mortgage Advisor President's Club Member 2007 Mortgage Services
Click here to write your congressman to save the DPA program. I
wrote to all the congressmen in my territory by changing the zipcodes I
work in.
910-489-6918 or
843-230-7929
__________________
Call me if I can help!
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Nothing could be finer than moving to Carolina! | |
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Retirees aren't going to Florida like they used to.
In fact, many in Florida are trying to move to the Carolinas too!
Here
is some helpful information for your developers and for you in
communicating with relocating retirees! Survey results of 1800
responders from Washington, DC, NY, Chicago, Philadelphia, Fairfield CO
CT, Morris CO NJ, Detroit and Boston of people and their thoughts about
retiring from a survey I recently saw. Here are the highlights.
Ages
of Responders <45 years
old
6%
45-55 yrs old 24% 56-65 yrs old 47% >65 yrs old 23% Their Marital Status Married 73% Single 14% Divorced 9% Widowed 4% Here's what they said about their retirement plans. State Pref (Top 6): 1. NC 78% 2. SC 63% 3. FL 31% 4. GA 30% 5. TN 28% 6. VA 27% Geographic Pref: Atlantic 68% Lake 48% Inland 39% Gulf 38% Mountain 37% Beach 12% Foothills 6% Desert 2% Retiring in yrs: Currently Retired 42% 1-3 yrs 28% 4-7 yrs 18% 8-10 yrs 7% 10+ yrs 8% Work once Retired: Working Part Time 47% Not working 47% Changing Career 8% Will Consult 18% Ideal Home Southeast States 94% Lake 47% Mountains 46% Coast 26% Golf Course 20% Gulf Coast 20% Recreational Interest: Walking 77% Fitness Center 66% Swimming 59% Beach Golf 55% Gated Community 47% Travel 47% Bicycling 45% Waterfront 42% History/Culture 40% Biking (motorcycle?) 39% Clubhouse 38% Organized Activities 36% Gardening 35% Golf 34% Civic/Social Clubs 34% Ideal Community Shopping Close By: 73% Wide Amenity Offering 57% Private/Gated 54% Fine Dining Close By 54% Family/Friends 48% Small Towns 36% Host Wkly Activities 33% Age-Specific 33% Resort 24% Members Only 6% In an urban area 4% Ideal Size <2K sq ft 54% 2-3K sq ft 39% >3K sq ft 7% Plan to use home equity to purchase next home Yes 73% No 27% Actively looking for in retirement: Traveling 74% Spending Time with significant other 65% Socializing 54% New Hobbies 34% Time with grand kids 33% Lifelong learning 24% Volunteering 20% Working 11% Retirement Income Source: Retirement/Savings/Investments 43% Pension 28% Social Security 16% PT/FT Work 7% Non Retirement Income 8% |
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My brands* that I represent are:     Want to jazz up your website? Add the "get approved"
graphic below and then put my website link in the properties of the
image as follows. Call me if you need help with this.
 *Any time I am working with your client, if you are under a specific brand, I am projecting your brand logo in all that I say and do as do my colleagues. |
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Weekly Tip - ID Theft - Know how to protect yourself. | |
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 ID Theft - A big problem!
I
just watched a good show on MSNBC Dateline on ID theft that showed how
Nigerians are using the Internet to get our credit card and social
security numbers for buying merchandise.
Checkout this website on how to protect yourself:
Also
this week I tried to get a lady approved that was a victim of ID theft
with over 20 collections she was trying to clear up. Her problem was
caused by her own daughter stealing her identity!
I had another borrower that was shocked to learn she had a "Bowflex" judgment and other judgments and collections. She thinks the guy getting her mail in NYC may have stolen her identity.
Before
anything happens, the key is to treat our personal information as you
would your cash. Safeguard it whether you're at home, whether it's in
your purse or your wallet, or at our office.
Go to the Federal Trade Commission website at www.ftc.gov/idtheft for a good video presentation on how to Deter, Detect and Defend yourself against ID theft! Also, call 1-888-5OPTOUT
(888-567-8688) and ask to stop credit card companies from sending
pre-approved credit card applications to your house. They are ticking
identity theft time bombs.
Credit bureaus
Equifax 1-800-525-6285 The accounting professor mentioned above is trying to make it mandatory to have your id present to divert mail by working with lawmakers. Let's hope he is successful in this for all of our sakes! I
called them and got their pitch. This is a proactive approach. They
call Equifax and set up a fraud alert for each member every 90 days and
they order a copy of your credit report for you every year and put you
on the opt out list. You can do these yourself with info I am
providing in this email.
Click Here to visit their website: Lifelock
Or, here's the Equifax Fraud Alert Site: Equifax Fraud Alerts I did this for me and my family. Takes 5 mins! But only lasts 90 days so will have to keep doing it.
Hope this info helps you, your family & clients!
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Weekly Mortgage Commentary Snippet | |
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Rate Lock Advisory - Sunday Aug. 24th
 This week brings us the release of eight relevant economic releases for the bond market to watch. This will also be a shortened week in the bond market as a result of the Labor Day holiday next Monday. This makes it quite likely that we will see a fair amount of volatility in the financial markets this week, and therefore quite possibly mortgage rates. |
