Hello Clip from Steve Morgan - Mortgage Broker
Friday, March 13, 2015
Saturday, January 31, 2015
Wednesday, January 28, 2015
Have you seen this house old Mill Road?
Anybody driving by wondering what's going on with this particular property, what kind of financing, affordability, can I buy a house with no money maybe, what are payments for something like this for a brand new home ...reach out to me I can tell you all about it.
http://www.bethanybeachlender.com/freeReports/Affordable%20New%20Construction/
Tuesday, January 27, 2015
What can I afford?
With locals and others moving to our beach area I get this a lot with first time homebuyers what can I forward?
And really it's a two part question what can I look at the price of a house for my payments and two the second part is what I qualify for in payments.
This clip I whiteboard and show what you can afford and expect a price point to be looking at properties.
And the hardest question I see people having to answer me is ... What budgeted in your mind or comfortable level with a monthly payment.
Most people are taken back because they think like a car sales person trying to sell them how much you want to spend that's not necessarily the case especially when you putting yourself in debt for hundreds of thousands of dollars.
See when you buy a $200,000 house with interest you gonna pay about $400,000 for that house over the life of the loan.
So I work backwards and I break it down check out the clip it's a little awesome in helping understand The complexity that can be overwhelming. What you think?
Friday, January 23, 2015
Is there a paradigm shift with rates sheets?
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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 |
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.
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