Lending Peace of Mind By Laura Hess CMPS©
In today’s news all you read about is the negative side of our market, but I always make it a point to find the positive side of whatever news I take in. Knowledge can be empowering and I hope to “Lend You Peace of Mind”, and empower you to see the solutions that are available in today’s market. Anthony Robbins one the most successful Motivational Speakers is quoted to say:“Never spend more than 10% of your time on problems, and spend at least 90% of your time on solutions.”
So let’s look at some of today’s challenges and how you can find solutions:
UPSIDE DOWN – I think it is safe to say that everyone knows someone that is upside down in their home. If this is you – HUD approved Consumer Credit Counselors or Attorneys that specialize in Modifications, can help! Negotiating power is greater than ever before. “Wall Street is finally marking down the value of their mortgage related assets to levels where it is very attractive for mortgage servicers to negotiate with distressed home owners and modify their mortgages,” said Gibran Nicholas founder of the CMPS Institute.
BAILOUT OR PROFITSHARING? –I choose to look at the acquisition of financial assets acquired by the government as the potential for profit sharing with the American taxpayers later. The fact that the US Govt. is the only entity that is large enough to help AIG raise enough funds in such a short period of time in order to help the company maintain its financial obligations, thus restoring confidence to our economy is the #1 priority of Federal Reserve & US Treasury. The 79.9% equity stake the government now has in AIG, means taxpayers stand to make a profit when the government sells AIG’s assets in the coming months in order to repay the loan. By giving AIG this short term loan, the Fed and Taxpayers just became the largest shareholder at virtually no cost other than the short term Fed loan.
LOW MORTGAGE RATES - Interest rates on fixed rate mortgages are tied to the Fannie and Freddie mortgage bonds that trade on the bond market. This past couple weeks have shown a flight to quality as investors take there money out of investments on Wall Street and place them in the safety of the bond market. This will give further opportunity to refinance or purchase into a lower rate. It will also give people more flexibility with lenders to modify into a lower rate.
INVENTORY SURPLUS – Florida, especially Lee County has “Rolled Back the Prices”, and they are here to stay until this inventory is reduced. Renters can now become homeowners and homeowners can help get back their homes “value” by helping to spread the word that “NOW IS THE TIME TO BUY”. When people buy, inventory reduces, and then your home value can return! Don’t believe the media when they say “No money is available & Loans are hard to get”. We have access to Grants up to $10,000 and a variety of Govt. lending programs. If you do not qualify we issue you a “Roadmap to Homeownership” that gives you a path to follow to get approved.
Now is the time to start focusing on the solutions, there are so many options out there and they are changing daily. What can help you today may not be there tomorrow, so take action and make things happen. Call me at 239-425-1705 or e-mail at lhess@bhmfl.com
CMPS © or Certified Mortgage Planner Specialist© is a training, examination, certification and ongoing membership program for financial professionals who provide mortgage and real estate equity advice. The information above is the opinion of the author and is not to be used to make financial decisions. Please consult with your Mortgage Consultant for the best plan to take advantage of these solutions.