Monthly Archives: September 2014

Lead Generation Ground Rules

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Want to have a successful and profitable business? Then you need leads… and lots of them.

Nothing happens without a lead. No sales, no revenue, no profit, no nothing.

GROUND RULE #1: BUILD A VALUE MACHINE FOR THE LONG TERM

We’ll start off with the lead generation technique that most people will not have the discipline or patience to pursue. That is creating a REAL value machine for your market. This could be a blog you post to daily, or a video series you create daily… or something else.

GROUND RULE #2: UNDERSTAND THAT THE MONEY IS NOT IN THE LIST

It appears that one of my lists currently has little to no “money” hiding in it. That’s because I filled it with freebie seekers instead of potential buyers. I built a list before I had something to sell. If I had it to do over, I wouldn’t bother. Learn from my mistake. You build lists NOT to get leads, but to get buyers.

GROUND RULE #3: YOU DON’T HAVE TIME TO WAIT AROUND FOR A RELATIONSHIP

People buy because they want things. They buy because they’re yearning for the perceived benefits of what you provide. Yes a relationship helps. But you can’t pay your bills or pay your expenses with relationships. So ask them to buy FAST.

Isn’t that why you’re in business? Don’t make excuses for it. Just sell. Source: diythemes.com by Jason Leister

Your Loan in the Valley

Do you have an active-duty military or veteran client?

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Benefits of using the VA loan privileges

– Buy a home with no down payment – a benefit almost no other loan can offer.

– Refinance up to 120% of your home’s value.

– Take advantage of your VA loan benefits even if you’ve used them in the past.

 

VA loan features

– 30-, 20- & 15-year fixed-rate and 5-year ARM loans available.

– Jumbo VA loans available up to $1,500,000.

– Buy a home with no money down.

– Refinance up to 120% of your primary home’s value.

– VA Streamline refinance – available for veterans currently in VA loans – has reduced funding fees and minimal documentation.

– No monthly PMI (Private Mortgage Insurance).

 

How VA loans work

– Credit scores as low as 620 may qualify for VA loans.

– Use your Basic Allowance for Housing toward your monthly mortgage costs.

– Prepay your mortgage at any time without penalties.

– Roll the funding fee into the loan amount to limit closing costs.

Your Loan in the Valley

Why FHA Loans are so great?

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FHA loans are not perfect, but they are a great fit in some situations. The main appeal is that they make it easy to buy property, but don’t forget that those benefits always come with tradeoffs. Here are some of the most attractive features:

 

Down payment: FHA loans allow you to buy a home with a down payment as small as 3.5%. Other loan programs generally require a much larger down payment.

 

Other peoples’ money: it’s easier to use gifts for down payment and closing costs. In addition, sellers can pay up to 6% of the loan amount towards a buyer’s closing costs. You’re most likely to benefit from that in a buyer’s market, but those do come around from time to time.

 

Prepayment penalty: there is none (a big plus for subprime borrowers)

 

Assumable: a buyer can “take over” your FHA loan if it’s assumable. That means they’ll pick up where you left off – benefiting from lower interest costs (because you’ve already gone through the highest-interest years). Depending whether or not have changed by the time you sell, the buyer might also enjoy a low interest rate that’s unavailable elsewhere.

 

A chance to reset: If you’ve recently come out of bankruptcy or foreclosure, it’s easier to get an FHA loan than a loan that does not come with any government guarantee (two or three years after financial hardship is enough to qualify with FHA).

 

Home improvement: certain FHA loans can be used to pay for home improvement (through FHA 203k programs)

 

Qualification: it’s easier to qualify for an FHA loan. Source : aboutmoney.com

 

Your Loan in the Valley