Bethany Beach Lender Blog

Trends for Rates ....down down down

2011-09-19T14:05:00.001-04:00

Buyers, Sellers and Borrowers,

We in the mortgage biz watch interest rates day-to-day, even hour-to-hour, as we strive to provide clients with well-reasoned choices. But compared to the task of predicting where rates will be in a few months, our short-term job is easy. Not only do we have a shaky Greek sovereign debt to worry about, we have an even less predictable U.S. political process to worry about—and the 2012 campaign is upon us. It seems to me and others, as a result, a good time for clients to arrange the financing now that may need to be nailed down in the foreseeable future.

An article of interest and if it comes together could benefit many that others have been shut out of saving money.

http://www.washingtonpost.com/steven-pearlstein-how-about-refigov/2011/09/14/gIQAkSdKaK_story.html

Contact me anytime …

Steve Morgan

Fairfax Mortgage Investments

Office 302.541.5363

Cell 443.226.5297

eFax 302.261.026

aol: bethanymortgages

www.fairfaxmtg.com or www.bethanybeachlender.com

2011-08-30T14:10:00.002-04:00

Weeeeeeee .... we survied and we are now happy jumping for joy and looking forward to good things for the 4th quarter of the year ... see recent article on the Real Estate Beach Market!

Contact me any time...Steve Morgan

www.fairfaxmtg.com

302-541-5363

2011-08-01T22:16:00.001-04:00

Fairfax Mortgage Investments / BethanyBeachLender.com can now be followed on Facbook ...

Click Here for "Like"

Steve Morgan

302-541-5363

Get 3.5% towards Closing Cost NOW!

2011-06-21T14:01:00.003-04:00

New Buyer Incentive -- Up to 3.5% Buyer Assistance on HomePath Properties

Fannie Mae wants to help more buyers afford to purchase their new home. That's why they are offering up to 3.5% in closing cost assistance for HomePath® properties beginning June 14 through October 31, 2011.

Eligibility Details
•Initial offers must be submitted on/after June 14.
◦Buyers must be owner occupants (i.e., the home will be their primary residence).
◦Buyers are required to sign an Owner Occupant Certification Rider to the Purchase Addendum with all initial offer submissions.
•Sale must close on/before October 31.
•Other restrictions apply. For more information about the offer, including the terms and conditions, visit the Details Now!

Contact Steve Morgan Fairfax Mortgage Investment 302-541-5363

2011-06-07T14:44:00.002-04:00

Are you using facebook to properly brand yourself and company name or is Twitter you platform ... read this article either way. I was wasn't surprised by its data.

Steve Morgan

Fairfax Mortgage Investments

BethanyBeachLender.com

302-541-5363

2011-06-02T08:36:00.002-04:00

As a mortgage professional I use the iPad for business with prospect, agents and my borrowers. I can't agree more with this article how agents could benefit ... Read Here

Call or text me with any questions 443-226-5297

Steve Morgan

Fairfax Mortgage Investments

www.bethanybeachlender.com

Lower Rates Again???

2011-05-17T13:08:00.003-04:00

Need a million dollars - not to many people do although they like to have a million! But maybe you need some money for that purchase or considering refinancing AGAIN.

Find out how low rates are for you ... Refinance Advisor Here!

Purchase Advisor Here!

Steve Morgan

Bethanybeachlender.com

Fairfax Mortgage Investments

302-541-5363

The 5 Most Common Complaints of Short Sale and REO Buyers (and How to Avoid Them)

2011-05-06T08:52:00.002-04:00

Sussex County Delaware sees about 900-100 foreclosures a month if you are paying cash great! Either way this articles helps in educating you on the process

Click here for full article ...

2011-04-26T10:05:00.002-04:00

Looking to buy whether new homes construction or resale - read this Article - I am partial to #2 ... called 5 Steps to Deciding How Much to Offer

Then call me or click here to see how we can make #2 become the best reality for you and your new home.

Steve Morgan

Fairfax Mortgage Investments

www.bethanybeachlender.com

302-541-5363

2011-04-12T09:08:00.002-04:00

When working with buyers my agents and I provide useful insight to the market & trends - this article provides information in today's market - 5 Things Home Buyers Do That Turns off the Seller (and Kills Deals)

Steve Morgan

www.bethanybeachlender.com

302-541-5363

2011-03-25T14:55:00.001-04:00

If you drive over this bridge to the beach - check out my view recently - if you like sign up for how I see the Real Estate and Mortgage Industry.

How Can I get a Lower Mortgage Interest Rate?

2011-03-02T13:54:00.003-05:00

Answer: Either Refinance or if Purchasing read below.

When you start shopping around for a mortgage loan, one of the biggest questions on your mind is: How can I get a low mortgage interest rate? Assuming you have good credit and sufficient income to qualify for a home loan (not at all a given in today’s credit crunched market!), there are several ways to go about bringing down the interest rate on your proposed mortgage loan.
Shop Around First, do not limit yourself to working with just a bank before you have checked a mortgage broker that can shop around for you

Points
Reduce the rate and if you only intend to stick with your current home and mortgage for a few years, paying points for a lower rate will not turn out to save you much money in the end. Have the seller pay those points on your behalf – see Seller Financing.

Down Payment
You can typically score a lower interest rate by providing a larger down payment. The interest rate is a representation of the risk your lender is taking on by loaning you money. The more money you pay up front, the less the lender has to lose if you default .

Seller Financing

While getting the home seller to help cover some of your costs will not get you a lower interest rate on your mortgage in and of itself, it could lower your rate by enabling you to pay some points or contribute a larger down payment. Because there are so many homes on the market, prices are falling, and homes take longer to sell these days, many sellers are desperate to strike a deal to get out of their homes. That means they may be willing to pay for you closing costs, freeing up your own savings to be used for the down payment. Sellers are allowed to credit the buyer up to a certain dollar amount in each state, and in some cases this allotment also be enough to pay for some points to buy down the interest rate.

Don’t be afraid to negotiate with both the seller and asking your agent to write it in the contract for the lowest interest rate possible!

Free Appraisal - From Bethany Beach Lender

2011-02-26T11:22:00.003-05:00

Click on ad to see details Searching for the right lender in Bethany Beach, DE

working to save you money and provide the best rate & service.

Apply Here

The Fairfax Mortgage Investments/Steve Morgan Difference:

Accurate and reliable information
Access to 1000's of properties
Quick 2 minute form
Nationwide Realtor Network
Zero Obligation
Zero Hassle

Debt to Income Ratio? BORING

2011-02-25T11:39:00.001-05:00

My Office on Google Maps - Click here .

How to get a buyers Debt to Income (DTI) ratio below Fannie and Freddie’s guide lines at no risk. DTI is the ratio of monthly bills to monthly income and today anything higher than 45% won’t fly these days for qualifying.

Example $10,000 in household income means buyers has $4500 in gross income to qualify for a mortgage and other debts such as car payments, taxes, insurance, credit card debt, loans etc.
Instead of lowering the price of inventory not moving – lower the rate to help the buyer qualify and write it in the contract to protect all involved. Show your buyers how you’ll save them money over the years, show your Sellers how you are working with professionals to sell their listing.
I provide these reports as part of my business partnerships and they are online and shared with agents, sellers, buyers, CPA’s and Financial Advisors.

Steve Morgan
Fairfax Mortgage Investment
www.bethanybeachlender.com
302-541-5363

2011-02-22T17:08:00.002-05:00

Interest rates, some of which eased slightly last week, are likely to hold to their current levels for a few weeks, at the least. It may be a window of opportunity for those who want to take advantage of lower rates before they are gone.

Trending is key to understand - this is one of the better tools I use to capture the right rate at the right time. Contact me now...

Steve Morgan
Fairfax Mortgage Investment
www.bethanybeachlender.com
302-541-5363

Search Here for Short Sales

2011-02-18T15:45:00.003-05:00

The beach is expanded - maybe we'll take the same picture this summer and compare!

Rates are good - the market is good - check out my newsletter here.

Search properties like you have never before thinking of the mortgage first and learn how we can make that offer with right agent - simly saving you thousands of dollars.

Search De Beach Properties

Steve Morgan

http://www.bethanybeachlender.com/

302-541-5363

steve@steve-morgan.com

2011-02-08T12:17:00.000-05:00

Bethany Beach Open House
Saturday 2/19 in Salt Pond
Click here to see more on the agent/listing.

Check out the very creative video presentation to show how financing might look on this property before going to the open house. Check it OUT!

The Fairfax Mortgage/Steve Morgan difference:

Quick 2 minute form
No SSN required
No credit check conducted
Zero obligation and hazzle.

Click here on for a Rate Quote

2011-02-06T10:14:00.000-05:00

Partner Linking

If you would like to optimize your business in search engines and promote traffic to your site, join my Partner Links Program by filling out the form below.

It's Free and helps us both!

Partner Link Request

Steve Morgan

steve@steve-morgan.com

302-541-5363

Bethany Beach - Beach Replenishment

2011-02-02T13:47:00.000-05:00

Check it out millions of dollars at work for you to enjoy your new home in Bethany Beach - contact me about how to make that dream come true.

Check out properties in Bethany Area.

See more pictures for the beach replenishment

Steve Morgan
Fairfax Mortgage Investment
Bethany Beach, Delaware

www.bethanybeachlender.com

Today's New Way of Providing Rates

2011-02-01T09:14:00.000-05:00

If you have a second check out this clip on rates for loans under $417,000 - Click Here

Steve Morgan

Fairfax Mortgage Investments

302-541-5363

http://www.bethanybeachlender.com/

Traditional FHA Loans... Still a Tried-And-True Option

2011-01-31T19:06:00.000-05:00

FHA loans have been around for years — and within today's real estate landscape in Bethany Beach and Rehoboth Beach inland areas, this traditional mortgage option is still proving to be a smart choice for customers, some who don't qualify for a typical conforming mortgage have benefit from this product. In fact, with some of the recent loan requirement modifications, these affordable loans may make sense now more than ever.

Steve Morgan
www.bethanybeachlender.com
302-541-5363

YouTube Trailer Fairfax Mortgage Investments

2011-01-26T09:34:00.000-05:00

Simple message to all in this market - click link here!

Steve Morgan
http://www.bethanybeachlender.com/ - where buyers get qualified and sellers whether FSBO or Listed Properties market their homes.

Additional Site

2011-01-26T09:25:00.000-05:00

Check out the new site www.bethanybeachlender.com - features for Reatlor Listing, FSBO Listing and Recommended Professional. Traffice up 150%

Buyer's Market

2008-09-02T21:02:00.000-04:00

Buyers market what does that mean to a buyer? In Delaware the norm is to split the 3% transfer tax 1.5% to seller and buyer. The trend - sellers are dropping their asking price/listing price to attactive buyers. Why shouldn't the buyer also ask for the seller to pay all the transfer cost ... the savings is out of pocket expense.

Running numbers to compare the savings is key! In this market buyers have time to really look at their options on the best way to make an offer ... i can show you saving thousands in out of pocket and more on the financing of the property ...IN WRITING.