February 2008 The New Quick Mortgage Minute
Weekly Newsletter for Your Business! 
Sam Dear Sam,
 
Working smarter, not harder is so important in any career, especially sales.  You have to constantly analyze what is working and what isn't and make changes accordingly. 

I recently listened to some material from Brian Tracy, a motivational speaker that drove this point home.  He explained how he struggled in several unsuccessful jobs until he started asking other successful people in his company what they were doing and then he just copied them.  

I have several mentors on my team that continually reach the top of the national rankings of my company and I talk to them often asking what they are doing and they are always eager to share.

Are you doing this too?  It takes just as much effort to be an average agent as it does to be a very successful agent so why not be that one?  Ask agents in your area and reach out to others in other markets and this can help you in establishing a new referral relationship too. 

One of the keys is your attitude and by keeping a positive one you are going to have more pep in your step and you are going to make that extra call or visit... and that positive feeling is going to come out and that is going to help your clients be more positive towards you too.

I have to be honest that my December and January were awful and I really went through some depressing days where I had to make some money fund moves to help with my cash flow but I am not going to let these slow months get me down.   I have some high asperations for 2008 and I hope you do too! 

Sam Thompson, Senior Mortgage Advisor
Mortgage Services, PHH Mortgage
 
 
Don't forget about the neat trophy "Thinking Outside the Box" that I am giving away to the one with the best creative comment to help me serve you better!!  Ends soon!

The FED is at it again!!

fedratecutting


GENTLE BEN NEEDS OUR HELP!
Bernanke is trying to help but is running out of rates to cut!

Will he cut more?  If so, will the mortgage lending gods lower their rates too?

Those are 64 million dollar questions and the truth is that even he doesn't know what is going to happen but I am sure that he wishes that he doesn't have to cut more so...

Don't let your buyers worry over what the rates are going to do or they'll keep sitting on the fence and might never take the plunge.  Just sell them on the fact that rates are very attractive and the housing market is really priced right with many nice homes and great home values out there!  Get your buyers excited because if rates drop much lower, those home values are going to be gone!!  Let's help Ben and help get this housing market and economy going again with positive talk and practice good sales techniques and let's close on more homes.

You can also remind your buyers about our pre-purchase, rate protection and rate protection programs that allows them to protect their rate with the one-time float down option up until 5 days prior to closing!!
 

Just ask them to call me and I will explain it to them for you.  It is the best way to go to eliminate the worry while taking advantage of what might go down in history as the best time to ever buy a home in the USA!

AND ESPECIALLY GET YOUR JUMBO BUYERS TO CALL ME!  My Regional Manager said that our jumbo rates are kicking everybody's butts right now so be a hero and ask your buyers in the $417K+ loan range to let us give them a better deal than the competition.  We love to compete and we especially...
 
...love those jumbos!




My brands* that I represent are:

 
phhlogo     cblogo 
 
    c21logo    eralogo
 
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.
 

Weekly Tip -  Make some sales calls this week to old prospects!
 

happycall
Make a past client happy with a quick call!

Considering the recent drop in rates and media hype on it, now's a great time to call any prospects that you were working with over the last several months that never followed through on a purchase or listing.

Call them and say that it's a good thing they put it off because now is a much better time to do it! 

For your sellers, the pitch can be that now is a better time to list than before because now, with the recent drop in rates to a 4 year low, many more buyers are starting to enter the market and now the new payments are going to be more attractive for them when they do.

If they still aren't ready, ask if they know anyone else you can call that might be considering a new home or selling their home!!  If still nothing, always end with, "well, please call me if you change your mind or if you hear of someone in the future and I'll do everything I can to help."

Let me help you with this so we all will be happy!  Just call me and  I'll help you get them excited with a quick pre-approval letter so you can close them and help them achieve the American Dream of homeownership!

The girl in the photo looks just as happy as I do everytime I get a call from a Realtor!  I love helping you and your buyers!


Weekly Mortgage Commentary Snippet


Rate Lock Advisory - Sunday Feb. 3rd



This week brings us little economic data of any importance. There ac tually are only two reports scheduled for release that would fall under the moderately important or important categories. This leaves the bond market to be influenced by outside factors such as stock market movements.

The first of the two comes tomorrow morning with the release December's Factory Orders data. It is similar to last week's Durable Goods Orders report except this one tracks new orders for both durable and non-durable goods. It normally is not considered to be of high importance to the markets, but since there is a lack of factual data scheduled this week, it may cause enough movement in bonds to affect mortgage rates tomorrow. Current forecasts are calling for an increase of 2.0%.










If you want the full text, email me and I'll send it to you.
 
NFL Super Bowl XLII Contest Standings!  We have a winner!!
 

Contest Standings for my
Super Bowl Challenge!*

superbowlline

We have a new Super Bowl Champion and a new contest winner too!! 
 
The Giants did it beating the Patriots 17-14 in case you missed it!  They spoiled the Patriots perfect season so now the '72 Dolphins can finally relax. 
 
This game had everything from spectacular catches like David Tyre catching one on the helmet to great defensive plays keeping Brady and Manning on the run to a great half time show with Tom Petty and the Heartbreakers.
 
No body was happier than big brother, Peyton, who was standing and cheering on his kid brother in a skybox one year after he led his team to the superbowl victory with the Colts.

With the low scoring upset was my contest winner who barely beat out his nearest competitor in the tie breaker!  And Walter Crowe was about to walk away with the prize with only a minute left! 

The winner is: 
Ken Pickering of Florence!
 
Here's how the rest of the leaders came in.
 
Sally Kennedy 11 points
Jacque Britt 10 points
Ruth Avery 9 points
Walter Crowe 8 points
Don Balkcum 7 points
Gerald Witherspoon 7 points
Jan DeTemple 7 points
Joey McMillan 7 points
Lynn Franken 7 points
Mira Kenney 7 points
Debbie Faircloth 6 points
Glenn Waterstradt 6 points
Shepherd Smith 6 points
 

Thanks for playing and I hope you'll play my March Madness Contest too!  Start watching college basketball so you will be ready to make your picks in March!