Posts Tagged ‘DISCOUNT MORTGAGE SERVICES’

WORKING WITH THE COMPETITION AND EVERGREEN COLORADO REAL ESTATE

Tuesday, June 2nd, 2009

WORKING WITH THE COMPETITION AND EVERGREEN COLORADO REAL ESTATE

 

When the economy gets difficult, working with the competition doesn’t really seem like a good idea. After all you are competing for business, for customers, and yes for dollars. The Real Estate industry has long ago recognized the advantages of working together with the competition to serve our customers. The Multiple Listing Services are the most powerful marketing tool in the business today.

 

If we examine the buying and selling process we discover a few principals that have served us well for generations. Sellers will have the best opportunity to sell their home if it is exposed to the highest number of qualified buyers possible. The feed back from this exposure can help sellers zoom in on the market price of their home and reveal any negative features that buyers dislike. Major companies pay large sums of money to run focus groups to determine price and customer reactions, but the MLS service gives sellers and their brokers the same advantages.

 

Buyers, on the other hand, want and need a large selection of interesting properties to choose from. The greater the selection the better will be their purchase. We all like to shop in the large malls, department stores, and chain grocery stores because of the variety, the price comparison, and the convenience these shopping experiences provide. The greater the inventory, the better the chance we have to make the best purchase possible.

 

If a buyer answers an add in Parker, every home in Colorado Springs, Fort Collins, and the entire Denver metro area are exposed to this prospect. With the help of their Agent, they can analyze their needs, their job location, the commuting distances, and their budget to determine which neighborhood is best for them. At the same time every home for sale along the Front Range is available for the buyer’s consideration. It is the proverbial “win, win situation.”

 

When shopping for a house You need a PROFESSIONAL REAL ESTATE BROKER who can advise, and educate you about what the house offers and what it does not. You need to examine the property and estimate the cost of bringing the home into the 21st century. We here at MARK ENGLISH REAL ESTATE are also an EVERGREEN COLORADO CUSTOM HOME BUILDER and we can tell you what it will take to update, and we can draft an offer on the property that will reflect the changes needed. We can also budget the costs and arrange for the financing. Helping people with all their EVRERGREEN COLORADO REAL ESTATE needs is what we do. We are MARK ENGLISH REAL ESTATE, MARK ENGLISH CUSTOM HOME BUILDERS, and DISCOUNT MORTGAGE SERVICES and Your one stop shop for all Your Realty needs. Please give us a call at 303-674-0148, Email us at markenglishrealestate@msn.com or visit us on the web at www.evergreencoloradoliving.com . Don’t forget to register for Your FREE BUYER INCENTIVES.

EVERGREEN COLORADO REAL ESTATE

Saturday, May 16th, 2009

EVERGREEN COLORADO REAL ESTATE

 

REAL ESTATE DEFINITIONS FOR EVERGREEN COLORADO REAL ESTATE

 

Lease Option                          A clause in an agreement giving the tenant an option to purchase the home with certain conditions.

 

Legal Description                  Description of a parcel of land by lot numbers on a recorded plat, metes and bounds, easements and encroachments, if any, etc.

 

Legal Title                              Title without any ownership of or possession to property.  Typically title given to the trustee in a deed of trust.

 

 

 

We are MARK ENGLISH REAL ESTATE and DISCOUNT MORTGAGES SERVICES and are Your one stop shop for all Your EVERGREEN COLORADO REAL ESTATE and CONIFER COLORADO REAL ESTATE. We are also an EVERGREEN COLORADO CUSTOM HOME BUILDER and are looking forward to serving You with all Your Real Estate needs. Please, give us a call at 303-674-0148, Email us at http://www.evergreencoloradoliving.com or visit us on the web at www.evergreencoloradoliving.com . Don’t forget to register for Your FREE BUYER INCENTIVES.

 

 

 

 

EVERGREEN COLORADO REAL ESTATE

Friday, February 13th, 2009

FORECLOSURE BASICS FOR EVERGREEN COLORADO REAL ESTATE

 

Colorado is number 11 in the foreclosure lotto. If you are at risk of being foreclosed upon don’t lose heart and don’t despair. Like any credit problem be active. Call your mortgage company and discuss the options you have. It may be frustrating when you keep getting a voice mail all day, but be persistent. Explain the situation and ask for relief. You can Google foreclosure hotline in Colorado and get the portal to all the help you need. The State of Colorado is considering a bill, and it looks like it has bi-partisan support, that will give homeowners an extra 90 day period to work out a solution with their mortgage company.

 

SHORT SALE A POSSIBLE OPTION

 

The first thing you can do is to ask, not only for relief, but ask if your mortgage company will consider a short sale. A short sale is where your lender accepts less then the remaining balance on your loan. Then call MARK ENGLISH REAL ESTATE and we will try to market your home. With a lower price, and 90 days or more we have a realistic chance of a sale. We are also associated with DISCOUNT MORTGAGE SERVICES and perhaps we can solve your long term loan problems and you will not need to sell. The real secret is to take control, so give us a call and let’s get started working on a solution. The clock is ticking, call today.

 

Remember that you are not alone. There are not any neighborhoods that are exempt from this down market. If you can salvage a good credit rating, and just rent for a year or two, you will be back sooner than you think. There will be Happy Days ahead, You will sleep at night again, and You will have peace of mind again – You have a problem, and you need a fix, it’s as simple as that.

 

Give us a call at 303-674-0148, Email us at markenglishrealestate@msn.com , or visit us on the web at www.EvergreenColoradoLiving.com and we will show You how to work out your problems on Your EVERGREEN COLORADO REAL ESTATE; these difficult economic times, but the answer is available. Contact us today.

PROFITING IN THE HARD TIMES

Wednesday, February 4th, 2009

PROFITING IN THE HARD TIMES

 

The major problem with our economy is that we have all bought into this concept of personal, corporate and public debt. Now the government is broke, and we all will be broke, unless we rethink our priorities. There is no viable investment instrument in the market today that will increase your personal wealth; so why not just invest in yourself.

 

Start by examining your home mortgage rate and if it is higher than 5 ½ %, or you have an adjustable rate, or you are paying mortgage insurance then consider refinancing your loan. We are MARK ENGLISH REAL ESTATE and are associated with DISCOUNT MORTGAGE SERVICES and will be glad to help you analyze your current loan.

 

Then you should devise a plan to pay off your mortgage in 5 years. In fact, see if you can be debt free in 5 years. If you took all the savings from your refinance, and added all the money you are investing in a losing 401k and paid off all your debts, then you would be in effect earning the interest rate amount of you mortgage. In other words, if you paid off $10,000 of your EVERGREEN COLORADO HOME LOAN, and your rate is say 5 ½ %, then in reality you have earned $550.00 in interest, and have the added benefit that you owe $10,000 less, and therefore are worth $10,550 more than you were a year ago. This Equity is tax free because when you sell your personal home you do not owe any taxes on the sale.

 

If you invest even in a “no-load” fund you will still be charge an administration fee, and an investment advisor management fee which is a percentage of total fund asset. The secret is that there is no secret, make no mistake; you will be paying someone to manage your investment.

 

Most people that I speak to tell me that they lost all of the dividends, interest, and equity they had two years ago and about 30% of their original principal. Wow! If your “no-load” is paying 6% a year (and I don’t know any that are), and your “management fee is 3-4% a year, You are losing all your money to stock broker fees and inflation (which is 13% a year). If your mortgage is 6 % then your have, by paying it off, earned a true “no load” 6%.

 

Please, give us a call for a no obligation consultation and loan review. We are MARK ENGLISH REAL ESTATE and DISCOUNT MORTGAGES SERVICES. We are the one stop shop for all your EVERGREEN COLORADO REAL ESTATE and EVERGREEN COLORADO HOME LOAN needs. Contact us at 303-674-0148, Email us at markenglishrealestate@msn.com or visit us on the web at www.evergreencoloradoliving.com. Don’t forget to register for your free mortgage loan origination rewards.

AM I BEING RIP OFF BY MY MORTGAGE COMPANY

Sunday, January 18th, 2009

AM I BEING RIP OFF BY MY ON MY EVERGREEN COLORADO MORTGAGE

 

First thing you should do is get a Good Faith Estimate, (GFE) and look at it very carefully, if you are not sure of something ask questions.  We here at MARK ENGLISH REAL ESTATE and DISCOUNT MORTGAGE SERVICES always give You a guaranteed GFE. Typically when you see fees that are going to the mortgage broker’s company and not the lender or the title company make sure you know exactly what these fees are and what their purpose is.  Many times these fees are junk fees.

 

Mortgage brokers usually charge a 1% loan origination fee, which is their fee for doing the loan and then there is a Yield Spread Premium, (YSP) which is what the bank pays to the mortgage company for procuring the loan. The YSP is typically used to pay the office staff and expenses incurred by the mortgage company.  It is NOT paid by the consumer.  However, sometimes, the YSP can be used to offset the closing costs.  The mortgage broker can use these funds to help the homeowner pay some of his closing costs. While the interest rate may be a little higher the money needed to close will be less.  The mortgage broker should always explain, in detail, how this works, and what the consumer should expect, and if it will benefit the consumer.

 

Items like a Loan Application Fee, Loan Processing Fee, Admin Fee, etc. paid to the mortgage broker company can be construed as junk fees.  Consumers need to know what they are buying and be very savvy as to what junk fees are.  Fees paid to third parties such as, the lender, the title company and the appraiser, are not considered junk fees.

 

Discount Mortgage Services, a local EVERGREEN COLORADO MORTGAGE company has an excellent reputation for saving You, the consumer money, by giving you plenty of choices and low interest rates We are here to help you through the loan process and explain what everything on the GFE means and what is does.

 

Call Discount Mortgage Services, at 303-674-0905, today for your FREE GFE and become eligible to receive our FREE Incentive Offer.