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Is there a paradigm shift with rates sheets?
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Agents, Realtors, LO's
What is a paradigm shift? It's a shift in one’s thinking in the way of doing business. It's a transformation, a sort of metamorphosis, that is driven by agents of change. For me , it's seeing new ways of marketing, new ways of communication, new ways of gaining market share, and connecting with buyers looking to buy. I have been shifting the way I do business using various social media platforms, and I am noticing a shift in perception of my clients. This shift is working. I am seeing an increase in my customer base, and through the power of social media, am reaching clients beyond my immediate sphere of influence. I hope to continue to partner with you as the shift in being an agent of change impacts our market. Check out my “Paradigm Shift” with providing how RATES are shared as your partner today and tomorrow – best if opened on Laptop , if smartphone you can get my FREE APP called Mortgage Coach. Regards, Steve Morgan “Life is Better at the Beach” Cell 443.226.5297 Fairfax Mortgage Investment, Inc 34026 Coastal Highway Bethany Beach, De. 19930 Office 302.541.5363 eFax 302.261.0261 www.bethanybeachlender.com |
Friday, January 23, 2015
Is there a paradigm shift with rates sheets?
Sunday, January 18, 2015
Surfing and lightning in January
Unbelievable caught my son in the middle of a wave with the slow-motion iPhone 6 clip check it out.
Amazing were surfing in this weather second even more Anazing that the waves are awesome. Seeing Lightning and catching it on video clip priceless.
http://www.youtube.com/watch?v=kR75csMwpPI
Thursday, November 6, 2014
Should you Refinance your Mortgage Plan
If you have decided to refinance your Bethany beach mortgage plan, you may find in Steve Morgan, a reliable Bethany beach lender. This is the best time for refinancing mortgage plan with housing market looking favorable for home buyers. Increasingly more people are now investing in real estate with lower interest rate on mortgages.
Deciding on refinancing
You will end up saving significantly with a reduction in your mortgage interest rate provided they are not clubbed with overwhelming charges and fees. So, you need to be careful with the math. Fees are a part of mortgage broker services. In addition, some other costs include home appraisal, insurance and credit reports. To get a sense of the actual cost, begin with a good faith estimate that shows projected cost with loans. The loan officer should be able to inform you about the total monthly payment for you post-refinancing. As a general rule of thumb, you should be able to shave-off about 1.5 to 2 percentage points for refinancing to be favorable to you.
The rate you get should be low enough. You must have a proof of income and the ability to invest 20 percent equity. However, some lenders may require 30 percent equity for jumbo loans. When deciding on refinance do your math carefully and determine when you will break even. Explore different options with different lenders.
The current days is the best time for mortgage refinance with interest rate pendulum swinging in favor of homeowners. The location like Bethany beach is top in demand, where you will have access to the top notch home lenders including Steve Morgan. However, to get the best choice you need to do some math and shop around for favorable rate.
Deciding on refinancing
You will end up saving significantly with a reduction in your mortgage interest rate provided they are not clubbed with overwhelming charges and fees. So, you need to be careful with the math. Fees are a part of mortgage broker services. In addition, some other costs include home appraisal, insurance and credit reports. To get a sense of the actual cost, begin with a good faith estimate that shows projected cost with loans. The loan officer should be able to inform you about the total monthly payment for you post-refinancing. As a general rule of thumb, you should be able to shave-off about 1.5 to 2 percentage points for refinancing to be favorable to you.
The rate you get should be low enough. You must have a proof of income and the ability to invest 20 percent equity. However, some lenders may require 30 percent equity for jumbo loans. When deciding on refinance do your math carefully and determine when you will break even. Explore different options with different lenders.
The current days is the best time for mortgage refinance with interest rate pendulum swinging in favor of homeowners. The location like Bethany beach is top in demand, where you will have access to the top notch home lenders including Steve Morgan. However, to get the best choice you need to do some math and shop around for favorable rate.
Thursday, October 30, 2014
Heading Towards Retirement? Buy a Second Home!
The majority of people heading towards retirement prefer to buy a second home in calm and serene places such as Bethany beach, Ocean city, and Panama City beach. Financial experts suggest buying a second home 5 to 10 years before you retire. So, you might want to look at your options for investing if you plan on retiring in the next decade or so.
What do you gain?
One of the benefits of buying a second home well before your retirement is its ability to generate rental income. If you plan to move into your vacation home once you retire, passive income generated from renting it will certainly be useful. Another benefit is that you get to live in a calm place which will keep you healthy.
If you are planning to buy a second home in Bethany beach, mortgage lenders like Steve Morgan can help you to qualify for a second home loan even under stringent regulations. They usually suggest you to make a down payment greater than 20 percent of the price. This significantly slumps down the monthly payment for vacation home and easily allows you to qualify for the mortgage.
If you feel that investing in a vacation home is what you need and afford right now, then by all means do. Having a home where you can spend your post-retirement days in peace is a dream for many and truth for a select few.
What do you gain?
One of the benefits of buying a second home well before your retirement is its ability to generate rental income. If you plan to move into your vacation home once you retire, passive income generated from renting it will certainly be useful. Another benefit is that you get to live in a calm place which will keep you healthy.
If you are planning to buy a second home in Bethany beach, mortgage lenders like Steve Morgan can help you to qualify for a second home loan even under stringent regulations. They usually suggest you to make a down payment greater than 20 percent of the price. This significantly slumps down the monthly payment for vacation home and easily allows you to qualify for the mortgage.
If you feel that investing in a vacation home is what you need and afford right now, then by all means do. Having a home where you can spend your post-retirement days in peace is a dream for many and truth for a select few.
Tuesday, October 21, 2014
Why you should Buy a Second Home
Lower interest rates on mortgages, in recent years, have encouraged more and more people to invest in real estate. Most of them are opting for buying vacation homes. In fact, a recent survey from National Association of Realtors suggested that vacation home sales surged as much as 30 percent in 2013 compared to 2012. Popular places for buyers include Bethany beach, Ocean city, and Panama City beach.
Investing in second homes
Some people buy vacation homes as a place for relaxing with their families. Some buy it for generating passive income. Others purchase it to spend their post-retirement days in a calm and serene place. It’s all about personal preference.
Getting mortgage for a second home has been difficult for an average borrower after the new mortgage lending regulations. Now, mortgage lenders screen consumers’ complete financial picture before lending them home loans. The regulations also suggest that a borrower’s entire debt payment should not exceed 43 percent of their gross income prior to tax withdrawal.
If you are planning to buy a second home in Bethany beach, mortgage lenders like Steve Morgan can help you to qualify for a second home loan even under such stringent regulations. They usually suggest you to make a down payment greater than 20 percent of the price. This significantly slumps down the monthly payment for vacation home and easily allows you to qualify for the mortgage.
If you feel that investing in a vacation home is what you need and you can afford it right now, then by all means do. Having a home where you can spend your post-retirement days in peace is a dream for many and reality for a select few. Having a second home in a popular vacation spot can have its own perks in terms of a healthy passive income.
Investing in second homes
Some people buy vacation homes as a place for relaxing with their families. Some buy it for generating passive income. Others purchase it to spend their post-retirement days in a calm and serene place. It’s all about personal preference.
Getting mortgage for a second home has been difficult for an average borrower after the new mortgage lending regulations. Now, mortgage lenders screen consumers’ complete financial picture before lending them home loans. The regulations also suggest that a borrower’s entire debt payment should not exceed 43 percent of their gross income prior to tax withdrawal.
If you are planning to buy a second home in Bethany beach, mortgage lenders like Steve Morgan can help you to qualify for a second home loan even under such stringent regulations. They usually suggest you to make a down payment greater than 20 percent of the price. This significantly slumps down the monthly payment for vacation home and easily allows you to qualify for the mortgage.
If you feel that investing in a vacation home is what you need and you can afford it right now, then by all means do. Having a home where you can spend your post-retirement days in peace is a dream for many and reality for a select few. Having a second home in a popular vacation spot can have its own perks in terms of a healthy passive income.
Thursday, October 16, 2014
Vacation Homes Preferred by Locals and Tourists
A growing number of people now prefer to invest in vacation homes to live in style. More importantly, vacation homes in calm and serene places like Bethany Beach are being preferred by people to avoid the pollution in the busy cities.
Reason behind the interest
There are a number of reasons for the increasing popularity of vacation homes. The first is that vacation homes have become good investment opportunities as the tastes of people are becoming very expensive. The second reason is that vacation homes can be rented out to others during the times when the owner is not using them. Rents of vacation homes in places like Bethany Beach can range from US$ 250 to US$ 1,000 per night depending upon the range of facilities available. Just like the normal houses, vacation homes too are bought on a mortgage due to their higher prices. Going through the paperwork involved in the mortgage process can be time consuming and difficult for busy professionals to manage on their own. Hiring a good mortgage lender like Steve Morgan can ease the mortgage process as they can guide through the whole process.
Buying the vacation home in locations like Bethany Beach has emerged as a good investment option for many rich and middle-class people. However, managing the mortgage process for buying a vacation home can be an excruciating process without help from a professional mortgage lender. So, pick a decent mortgage lender before you start looking for your dream vacation home.
Reason behind the interest
There are a number of reasons for the increasing popularity of vacation homes. The first is that vacation homes have become good investment opportunities as the tastes of people are becoming very expensive. The second reason is that vacation homes can be rented out to others during the times when the owner is not using them. Rents of vacation homes in places like Bethany Beach can range from US$ 250 to US$ 1,000 per night depending upon the range of facilities available. Just like the normal houses, vacation homes too are bought on a mortgage due to their higher prices. Going through the paperwork involved in the mortgage process can be time consuming and difficult for busy professionals to manage on their own. Hiring a good mortgage lender like Steve Morgan can ease the mortgage process as they can guide through the whole process.
Buying the vacation home in locations like Bethany Beach has emerged as a good investment option for many rich and middle-class people. However, managing the mortgage process for buying a vacation home can be an excruciating process without help from a professional mortgage lender. So, pick a decent mortgage lender before you start looking for your dream vacation home.
Thursday, October 9, 2014
What you should Know Before Getting a Vacation Home
A quick rejuvenating get away thrusts the life back into us. Vacations are as important as work days. In 2013, there was a 30 percent increase in the number of Americans who invested in buying a holiday home. There are many great escapes like the calm, serene and picturesque Bethany Beach area.
Before taking the big step
Location of your vacation home is as important as the location of your regular home. Explore and find the ideal place where you will love to go and de-stress. Check out the locations personally. It is always better to first talk to someone who is a resident there than relying on the internet.
The next step after identifying the location is to raise the required capital. The market offers several mortgage options and mortgage lenders. Steve Morgan is a mortgage consultant who works with Bethany Beach lenders, a well known mortgage firm.
A vacation home shouldn’t be too far from your regular home making frequent commuting hard. Renting out vacation homes is a good idea too. They aren’t lived in for most of the year and it could add to your income. Do look into the different tax laws because rental agreements are governed by different laws when compared to owner occupancy.
When it comes to a vacation home always think of the future. Do not over rent or under rent. Think of the market fluctuations. Consider the assistance of a mortgage broker to handle your mortgage application for the purchase. Make your holidays memorable, choose wisely and enjoys your time offs!
Before taking the big step
Location of your vacation home is as important as the location of your regular home. Explore and find the ideal place where you will love to go and de-stress. Check out the locations personally. It is always better to first talk to someone who is a resident there than relying on the internet.
The next step after identifying the location is to raise the required capital. The market offers several mortgage options and mortgage lenders. Steve Morgan is a mortgage consultant who works with Bethany Beach lenders, a well known mortgage firm.
A vacation home shouldn’t be too far from your regular home making frequent commuting hard. Renting out vacation homes is a good idea too. They aren’t lived in for most of the year and it could add to your income. Do look into the different tax laws because rental agreements are governed by different laws when compared to owner occupancy.
When it comes to a vacation home always think of the future. Do not over rent or under rent. Think of the market fluctuations. Consider the assistance of a mortgage broker to handle your mortgage application for the purchase. Make your holidays memorable, choose wisely and enjoys your time offs!
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