April 29, 2007
Roseville, CA Market Update for March 2007
Here are the latest real estate market statistics for Roseville, CA These numbers represent single family (SFR) homes and condos. The percentage of homes on the market where the asking price has been reduced: 42.5% **
Average February 2007 March 2007 % Change
Asking Price $455,278 $437,352 -3.9%
Sales Price $440,704 $426,814 -3.2%
% of Asking Price 97% 98% 1.0%
$/SQFT $224 $217 -3.1%
Days on Market 104 92 -11.5%
Total Transactions 100 126 26.0%
Monday, April 30, 2007
Wednesday, April 25, 2007
Serious Equity Management
I have had several readers tell me I have not told them anything they do not know.
Well this site is really meant to show people how easy equity management really is.
But I will touch on the mechanics of technological innovations which are sweeping
the largest world wide market.
The foreign exchange market :
The purpose of investing in money is to obviously make money.
We can invest in other countries money on the “World Foreign
Exchange Market” this is a simple process of making money on the
Volatility of spot price for various currency pairs. Just like the
Stock market we can short and long sell. We can effectively manage
Our risk through conservative stop orders. For example on a bad day
With starting a $10,000.00 account you could loose $500.00 this is the
Small amount of risk. This scenario could happen no more than 3 times.
Then our purchase pattern changes to the going pattern where you make
Your money back on the new position. This worse case scenario has never
Happened with this fund! Ever! Best case scenario you double your money
Every 90 days compounded. That means in 365 days, with a start fund of
The same $10,000.00 never pulling out the money on a monthly basis would
Potentially (conservatively) be worth $160,000.00. In a realistic market if
We re-invest using our conservative tools we plan to make half that.
Yes that means $80,000.00. Do you see why we manage so much money?
The following web-site gives you some of the basics on foreign exchange.
Before contacting me because I have seriously intrigued you with these
Numbers please read the following:
http://www.goforex.net/Setting_Up_Forex_Funds.pdf
-Christopher Rockey
916.799.8472
Well this site is really meant to show people how easy equity management really is.
But I will touch on the mechanics of technological innovations which are sweeping
the largest world wide market.
The foreign exchange market :
The purpose of investing in money is to obviously make money.
We can invest in other countries money on the “World Foreign
Exchange Market” this is a simple process of making money on the
Volatility of spot price for various currency pairs. Just like the
Stock market we can short and long sell. We can effectively manage
Our risk through conservative stop orders. For example on a bad day
With starting a $10,000.00 account you could loose $500.00 this is the
Small amount of risk. This scenario could happen no more than 3 times.
Then our purchase pattern changes to the going pattern where you make
Your money back on the new position. This worse case scenario has never
Happened with this fund! Ever! Best case scenario you double your money
Every 90 days compounded. That means in 365 days, with a start fund of
The same $10,000.00 never pulling out the money on a monthly basis would
Potentially (conservatively) be worth $160,000.00. In a realistic market if
We re-invest using our conservative tools we plan to make half that.
Yes that means $80,000.00. Do you see why we manage so much money?
The following web-site gives you some of the basics on foreign exchange.
Before contacting me because I have seriously intrigued you with these
Numbers please read the following:
http://www.goforex.net/Setting_Up_Forex_Funds.pdf
-Christopher Rockey
916.799.8472
Don't Forget The Most Important Part Of Your Purchase
There are two items I want to quickly touch on when it comes to your home purchase.
First, if you are purchasing for an investment, relax wait for the next cycle or
contact me to learn more about purchasing "Short Sales", Foreclosures, fixer uppers,
conversions, or any other investing purpose you may think of. Most importantly don't
forget, there is not a grad. school in the US that doesn't teach you to buy Real Estate for simple portfolio diversification. Second, while reading the following article and you did fall into the 2005 trap, remember, you have a beautiful home,
a wonderful place to live and eventually the market will turn!
-- You went a little large with that 2005 home purchase. It felt good. You bit off a lot in the form of a large adjustable-rate mortgage to get there, but you made it happen. The low 3.75% intro rate really helped. You knew it would eventually go higher, but hey -- home prices would go higher, and so would your income.
The problem is, it didn't happen.
Well, your income did rise, but so did your expenses: higher energy costs, growing family, rising taxes. Now about those home prices -- you know the rest of that story. See how home prices are flagging.
Now what? The honeymoon is about to end, and you're bracing yourself and your family for the inevitable. Your mortgage payment is about to go up, maybe by hundreds of dollars. And now is not a good time to join the stampede of foreclosures, preforeclosures, short sales and other forms of dire and unintended consequences.
What do you do? Panic? Probably not. Sure, it's a financial setback to see any cost go up a lot. But the secret to weathering any storm is to see it coming -- and plan accordingly. A lot of energy has recently gone into helping underwater homeowners avoid or deal with impending foreclosures.
Foreclosures? I'm guessing many of you will feel the pain or rising payments, but aren't in foreclosure land. You're not a subprime borrower. With a little planning and some modest sacrifices, you'll get over the hump. Here's how:
Know where you stand
The first step is to pick up the phone (or go in person) to your lender for exact figures. How big is the adjustment, when is it coming, and what will the next one be? Don't be reluctant. Human nature tells us to stick our heads in the sand when something bad happens financially. But know that lenders want you to plan and may even help.
Also, understand the full impact. Worst case, you might be looking at an extra $500 in interest payments after the reset. But for most it's tax deductible; the "net" impact is less.
If you plan far enough in advance, you may be able to save enough to get you over the hump. A $500/month adjustment is $6,000 a year. Not chump change, but not and an enormous sum, especially after tax effects are considered (in a 30% federal/state bracket, that $6,000 only costs you $4,200). If you could save enough to buy the home in the first place, you can probably save a good part of that $4,200 if you put your mind to it.
Find additional income sources
Obviously, if your costs go up, one solution to the problem is to expand your income. One way is to rent a room to a friend, relative, or insider. Not forever -- just until you can get your budget balanced again.
Or, find a small second job. Even a part-time retail job can pull $500 a month for about 15 hours a week. That goes a long way towards the reset, and you'll get a nice store discount besides (but don't spend it all!)
Refinance
I'm normally not a big advocate of bill consolidation loans, mainly because once smaller debts are wiped clean they have a way of reappearing. But consolidation can be a good way to offset a reset.
Why? Because reduced interest costs on credit-card and other high-cost debt can cancel out the increase in ARM interest, keeping your total interest costs relatively unchanged. This approach has risk, but makes sense with discipline.
The best idea, according to Eric Margolias, CEO of mortgage broker Source4HomeLoans, is to refinance into a fixed loan if at all possible. Fixed rates have stayed relatively constant, and with the ARM you remain exposed to rate increases. Prepare by fixing your credit, shopping at places like LendingTree.com and keep in mind that the percentage of fixed-rate applications being rejected is on the rise.
But for peace of mind -- and future financial prosperity -- "fixed" is probably where you should be anyway. Get there if you can.
Keep it in perspective
Margolias is adamant about looking at the bright side. Don't look at your ARM as a loan that got more expensive, but rather one that gave you a healthy discount in the beginning. You saved $6,000 a year initially on that $300,000 loan.
Tax implications aside, that's a big number -- where else can you get a discount large enough to buy a late model used car? It probably helped you get the home in the first place.
And finally, even if you don't successfully escape your ARM, history shows you're still in great shape. Two decades ago any mortgage under 10% seemed like a bargain. Today's interest rates -- even at the high end -- are among the lowest in history.
And that, as I see it, is the real bargain
-Christopher Rockey
First, if you are purchasing for an investment, relax wait for the next cycle or
contact me to learn more about purchasing "Short Sales", Foreclosures, fixer uppers,
conversions, or any other investing purpose you may think of. Most importantly don't
forget, there is not a grad. school in the US that doesn't teach you to buy Real Estate for simple portfolio diversification. Second, while reading the following article and you did fall into the 2005 trap, remember, you have a beautiful home,
a wonderful place to live and eventually the market will turn!
-- You went a little large with that 2005 home purchase. It felt good. You bit off a lot in the form of a large adjustable-rate mortgage to get there, but you made it happen. The low 3.75% intro rate really helped. You knew it would eventually go higher, but hey -- home prices would go higher, and so would your income.
The problem is, it didn't happen.
Well, your income did rise, but so did your expenses: higher energy costs, growing family, rising taxes. Now about those home prices -- you know the rest of that story. See how home prices are flagging.
Now what? The honeymoon is about to end, and you're bracing yourself and your family for the inevitable. Your mortgage payment is about to go up, maybe by hundreds of dollars. And now is not a good time to join the stampede of foreclosures, preforeclosures, short sales and other forms of dire and unintended consequences.
What do you do? Panic? Probably not. Sure, it's a financial setback to see any cost go up a lot. But the secret to weathering any storm is to see it coming -- and plan accordingly. A lot of energy has recently gone into helping underwater homeowners avoid or deal with impending foreclosures.
Foreclosures? I'm guessing many of you will feel the pain or rising payments, but aren't in foreclosure land. You're not a subprime borrower. With a little planning and some modest sacrifices, you'll get over the hump. Here's how:
Know where you stand
The first step is to pick up the phone (or go in person) to your lender for exact figures. How big is the adjustment, when is it coming, and what will the next one be? Don't be reluctant. Human nature tells us to stick our heads in the sand when something bad happens financially. But know that lenders want you to plan and may even help.
Also, understand the full impact. Worst case, you might be looking at an extra $500 in interest payments after the reset. But for most it's tax deductible; the "net" impact is less.
If you plan far enough in advance, you may be able to save enough to get you over the hump. A $500/month adjustment is $6,000 a year. Not chump change, but not and an enormous sum, especially after tax effects are considered (in a 30% federal/state bracket, that $6,000 only costs you $4,200). If you could save enough to buy the home in the first place, you can probably save a good part of that $4,200 if you put your mind to it.
Find additional income sources
Obviously, if your costs go up, one solution to the problem is to expand your income. One way is to rent a room to a friend, relative, or insider. Not forever -- just until you can get your budget balanced again.
Or, find a small second job. Even a part-time retail job can pull $500 a month for about 15 hours a week. That goes a long way towards the reset, and you'll get a nice store discount besides (but don't spend it all!)
Refinance
I'm normally not a big advocate of bill consolidation loans, mainly because once smaller debts are wiped clean they have a way of reappearing. But consolidation can be a good way to offset a reset.
Why? Because reduced interest costs on credit-card and other high-cost debt can cancel out the increase in ARM interest, keeping your total interest costs relatively unchanged. This approach has risk, but makes sense with discipline.
The best idea, according to Eric Margolias, CEO of mortgage broker Source4HomeLoans, is to refinance into a fixed loan if at all possible. Fixed rates have stayed relatively constant, and with the ARM you remain exposed to rate increases. Prepare by fixing your credit, shopping at places like LendingTree.com and keep in mind that the percentage of fixed-rate applications being rejected is on the rise.
But for peace of mind -- and future financial prosperity -- "fixed" is probably where you should be anyway. Get there if you can.
Keep it in perspective
Margolias is adamant about looking at the bright side. Don't look at your ARM as a loan that got more expensive, but rather one that gave you a healthy discount in the beginning. You saved $6,000 a year initially on that $300,000 loan.
Tax implications aside, that's a big number -- where else can you get a discount large enough to buy a late model used car? It probably helped you get the home in the first place.
And finally, even if you don't successfully escape your ARM, history shows you're still in great shape. Two decades ago any mortgage under 10% seemed like a bargain. Today's interest rates -- even at the high end -- are among the lowest in history.
And that, as I see it, is the real bargain
-Christopher Rockey
Market Update
In all fairness, I am not just using this site as a marketing tool to try to
get you to purchase a home and put your financial future in my hands. If that
is your impression please read the following article by a "Neutral Third Party."
California March 2007 Home Sales
April 12, 2007
A total of 39,800 new and resale houses and condos were sold statewide last month. That's up 27.5 percent from 31,228 for February, and down 31.0 percent from 57,675 for March 2006. An increase from February to March is normal for the season. Last month's sales made for the slowest March since 1997 when 36,498 homes were sold. March sales from 1988 to 2007 range from 29,356 in 1993 to 68,848 in 2005. The average is 46,256.
The median price paid for a home last month was $484,000, a new record. That was up 2.5 percent from February's $472,000, and up 3.0 percent from $470,000 for March a year ago.
The typical mortgage payment that home buyers committed themselves to paying last month was $2,230. That was up from $2,196 in February, and down from $2,235 for March a year ago. The peak was $2,372 last June. Adjusted for inflation, mortgage payments are 8.3 percent above the spring 1989 peak of the prior real estate cycle.
DataQuick, a subsidiary of Vancouver-based MacDonald Dettwiler and Associates, monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts. The numbers cover all sales, new and resale, houses and condos.
Indicators of market distress are moving in different directions. Financing with adjustable-rate mortgages is declining significantly. Foreclosure activity is rising but is still within the normal range. Down payment sizes are stable and flipping rates and non-owner occupied buying activity is down, DataQuick reported.
get you to purchase a home and put your financial future in my hands. If that
is your impression please read the following article by a "Neutral Third Party."
California March 2007 Home Sales
April 12, 2007
A total of 39,800 new and resale houses and condos were sold statewide last month. That's up 27.5 percent from 31,228 for February, and down 31.0 percent from 57,675 for March 2006. An increase from February to March is normal for the season. Last month's sales made for the slowest March since 1997 when 36,498 homes were sold. March sales from 1988 to 2007 range from 29,356 in 1993 to 68,848 in 2005. The average is 46,256.
The median price paid for a home last month was $484,000, a new record. That was up 2.5 percent from February's $472,000, and up 3.0 percent from $470,000 for March a year ago.
The typical mortgage payment that home buyers committed themselves to paying last month was $2,230. That was up from $2,196 in February, and down from $2,235 for March a year ago. The peak was $2,372 last June. Adjusted for inflation, mortgage payments are 8.3 percent above the spring 1989 peak of the prior real estate cycle.
DataQuick, a subsidiary of Vancouver-based MacDonald Dettwiler and Associates, monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts. The numbers cover all sales, new and resale, houses and condos.
Indicators of market distress are moving in different directions. Financing with adjustable-rate mortgages is declining significantly. Foreclosure activity is rising but is still within the normal range. Down payment sizes are stable and flipping rates and non-owner occupied buying activity is down, DataQuick reported.
Friday, April 20, 2007
Thought It Was Much To Easy Getting a Mortgage? You Were Right
My very first article on this informational site talks about "Only Needing a Pulse
to Purchase a home." Well it's all catching up to us now:
WASHINGTON -- Mortgage finance giant Freddie Mac has committed to buy as much as $20 billion in mortgages to help borrowers with high-priced loans stay in their homes, the company's chief executive said Wednesday.
The initiative by the government-sponsored company, the second-largest buyer and guarantor of home loans in the country, was disclosed by Freddie Mac Chairman and Chief Executive Richard Syron at a meeting on Capitol Hill. It came a day after federal regulators called on lenders to work with distressed borrowers unable to meet payments on high-risk mortgages to help them keep their homes.
Syron and the head of No. 1 mortgage financer Fannie Mae said Tuesday that the companies are developing new types of loans to aid homeowners in avoiding default. In a congressional hearing, Syron alluded to "a major effort to develop more consumer-friendly subprime products that will provide stable financing alternatives going forward."
The new products to be offered by Freddie Mac, and expected to be available by midsummer, will include fixed-rate mortgages as well as adjustable-rate mortgages with longer fixed-rate periods before resetting to higher rates.
Home-mortgage delinquencies and foreclosures have been surging in recent months, especially for people who took out subprime mortgages -- higher-priced loans for people with tarnished credit or low incomes who are considered greater risks. The distress has roiled financial markets and stoked anxiety that it could spill over into the broader economy.
Adjustable-rate mortgages, or ARMs, are especially prevalent in the subprime market. They are considered higher-risk loans because they typically draw borrowers in with an initial low "teaser" interest rate, which can spike upward after the first few years.
About 1.8 million adjustable-rate mortgages are resetting to higher rates this year and next, making foreclosures sure to continue rising, according to a new report by Congress' Joint Economic Committee.
"We'd better move long before that," Sen. Christopher Dodd, chairman of the Senate Banking Committee, said at a news conference following a "summit" he convened of regulators, mortgage industry executives and civil rights and consumer groups. The participants agreed "that we want to do everything possible to avoid foreclosures," said Dodd, a Connecticut Democrat.
In another move Wednesday, Washington Mutual Inc., one of the country's largest financial institutions, said it will refinance up to $2 billion in subprime mortgages to help borrowers avoid default and foreclosure, allowing them to apply for discounted fixed-rate home loans or other refinancing alternatives.
Subprime loans make up only about 6 percent of Seattle-based Washington Mutual's mortgage holdings, but they dealt a heavy blow to its first-quarter earnings, which slid 20 percent.
As housing prices continue to fall in many regions around the country, Washington Mutual has an interest in seeing borrowers repay rather than default because of the declining value of the collateral backing the loans. The Federal Reserve estimates it costs a bank $50,000 to foreclose on a home.
Foreclosures nationally in March spiked to 149,150, a 47 percent leap from March 2006, according to a survey conducted by RealtyTrac Inc. that was released Wednesday. Lenders repossessed one out of every 775 homes in March.
In California, recent surveys show foreclosures are mounting, with 11,033 recorded in the first three months of 2007. An estimated 1,505 of them were in Amador, El Dorado, Nevada, Placer, Sacramento, Sutter, Yolo and Yuba counties, according to La Jolla-based DataQuick Information Systems.
to Purchase a home." Well it's all catching up to us now:
WASHINGTON -- Mortgage finance giant Freddie Mac has committed to buy as much as $20 billion in mortgages to help borrowers with high-priced loans stay in their homes, the company's chief executive said Wednesday.
The initiative by the government-sponsored company, the second-largest buyer and guarantor of home loans in the country, was disclosed by Freddie Mac Chairman and Chief Executive Richard Syron at a meeting on Capitol Hill. It came a day after federal regulators called on lenders to work with distressed borrowers unable to meet payments on high-risk mortgages to help them keep their homes.
Syron and the head of No. 1 mortgage financer Fannie Mae said Tuesday that the companies are developing new types of loans to aid homeowners in avoiding default. In a congressional hearing, Syron alluded to "a major effort to develop more consumer-friendly subprime products that will provide stable financing alternatives going forward."
The new products to be offered by Freddie Mac, and expected to be available by midsummer, will include fixed-rate mortgages as well as adjustable-rate mortgages with longer fixed-rate periods before resetting to higher rates.
Home-mortgage delinquencies and foreclosures have been surging in recent months, especially for people who took out subprime mortgages -- higher-priced loans for people with tarnished credit or low incomes who are considered greater risks. The distress has roiled financial markets and stoked anxiety that it could spill over into the broader economy.
Adjustable-rate mortgages, or ARMs, are especially prevalent in the subprime market. They are considered higher-risk loans because they typically draw borrowers in with an initial low "teaser" interest rate, which can spike upward after the first few years.
About 1.8 million adjustable-rate mortgages are resetting to higher rates this year and next, making foreclosures sure to continue rising, according to a new report by Congress' Joint Economic Committee.
"We'd better move long before that," Sen. Christopher Dodd, chairman of the Senate Banking Committee, said at a news conference following a "summit" he convened of regulators, mortgage industry executives and civil rights and consumer groups. The participants agreed "that we want to do everything possible to avoid foreclosures," said Dodd, a Connecticut Democrat.
In another move Wednesday, Washington Mutual Inc., one of the country's largest financial institutions, said it will refinance up to $2 billion in subprime mortgages to help borrowers avoid default and foreclosure, allowing them to apply for discounted fixed-rate home loans or other refinancing alternatives.
Subprime loans make up only about 6 percent of Seattle-based Washington Mutual's mortgage holdings, but they dealt a heavy blow to its first-quarter earnings, which slid 20 percent.
As housing prices continue to fall in many regions around the country, Washington Mutual has an interest in seeing borrowers repay rather than default because of the declining value of the collateral backing the loans. The Federal Reserve estimates it costs a bank $50,000 to foreclose on a home.
Foreclosures nationally in March spiked to 149,150, a 47 percent leap from March 2006, according to a survey conducted by RealtyTrac Inc. that was released Wednesday. Lenders repossessed one out of every 775 homes in March.
In California, recent surveys show foreclosures are mounting, with 11,033 recorded in the first three months of 2007. An estimated 1,505 of them were in Amador, El Dorado, Nevada, Placer, Sacramento, Sutter, Yolo and Yuba counties, according to La Jolla-based DataQuick Information Systems.
Tuesday, April 17, 2007
Simple Investing 101: "Buy Low Sell High"
Here's an alarming fact about Sacramento's housing market: About one of every five existing homes on the market is a "short sale." That means the home is worth less than the value of the mortgage, and the lender is willing to accept less than full repayment of the loan to avoid foreclosure, says Tracey Saizan, president of the Sacramento Association of Realtors.
That, in turn, puts pressure on the remaining 80% of sellers, who have equity in their homes, to cut prices. The median price in the state capital, one of the most overheated metro areas during the real estate boom, fell 4.3% in December compared with December 2005.
"Sellers are having to give concessions and cut prices," Saizan says. "It's all about making the house show the best it can and aggressive pricing."
Though there's only a 4.3-month supply of homes for sale — a bit lower than the long-term average — that figure doesn't include the 3.5-month stock of unsold new homes that are also on the market, especially in some suburbs.
New-home sales in the fourth quarter were up nearly 57%, but that was compared with a dismal quarter at the end of 2005, according to The Gregory Group, a new home information and consulting firm. The median new home price fell 4.7% to $434,990, which doesn't take account of all the free goodies that builders are giving away, such as kitchen upgrades.
Still, builders are now seeing a decline in the number of buyers who are canceling their purchase contracts. "There is a sense that we are going through the tunnel, and the light at the other end is sunshine, not another train heading at us," says Greg Paquin of The Gregory Group.
Now you see my point of all this? Exactly the title of the article.
Give me a call, let's look at what we are going to do to help your
financial needs.
-Christopher Rockey
916.799.8472
That, in turn, puts pressure on the remaining 80% of sellers, who have equity in their homes, to cut prices. The median price in the state capital, one of the most overheated metro areas during the real estate boom, fell 4.3% in December compared with December 2005.
"Sellers are having to give concessions and cut prices," Saizan says. "It's all about making the house show the best it can and aggressive pricing."
Though there's only a 4.3-month supply of homes for sale — a bit lower than the long-term average — that figure doesn't include the 3.5-month stock of unsold new homes that are also on the market, especially in some suburbs.
New-home sales in the fourth quarter were up nearly 57%, but that was compared with a dismal quarter at the end of 2005, according to The Gregory Group, a new home information and consulting firm. The median new home price fell 4.7% to $434,990, which doesn't take account of all the free goodies that builders are giving away, such as kitchen upgrades.
Still, builders are now seeing a decline in the number of buyers who are canceling their purchase contracts. "There is a sense that we are going through the tunnel, and the light at the other end is sunshine, not another train heading at us," says Greg Paquin of The Gregory Group.
Now you see my point of all this? Exactly the title of the article.
Give me a call, let's look at what we are going to do to help your
financial needs.
-Christopher Rockey
916.799.8472
Learn how to pay off your mortgage by managing your interest
WHAT WOULD YOU DO IF YOU NO LONGER HAD A MORTGAGE PAYMENT?
Take more vacations? Purchase investment property?
Start your own business? Retire?
1) WHAT THIS ISN’T: This is not another mortgage offer or program which let’s face it…we are all sick of seeing in our mailboxes. This is not a bi-weekly payment plan or a program that requires you to come up with extra money to add to your principal. This is not a scam or illegal scheme. This is not a program that requires you to change your existing mortgage payment or refinance.
We appreciate you taking the time to actually read this. We know how busy you are.
THIS COULD CHANGE YOU AND YOUR FAMILIES FINANCIAL FUTURE.
2) WHAT THIS IS: Through an innovative program called the Money Merge Account or MMA, homeowners across the nation are paying off their 30-year mortgage in an average of 8 to 10 years or less without refinancing their existing mortgage…without increasing their monthly mortgage payments, and without any lifestyle changes. This is an interest-reducing program which combines innovative web-based software with banking systems that have been around for decades. This is a tool provides homeowners with one personalized easy-to-use online tool which when used an average of 10-minutes per month allows you the greatest time and interest savings imaginable. It’s simple…instead of the bank or your lender tying up your mortgage for 30-years with outrageous interest charges…this is you becoming the bank. In fact you may be surprised to learn that although this is new to the U.S., similar interest-reduction programs have been used in Australia, England and other areas for over 18 years now. Yes, that’s correct; many homeowners in other countries ACTUALLY own their homes 100% free and clear by making the same monthly payments that we do every day in the U.S….yet they pay them off in 1/3 to ½ the time.
Instead of your money just sitting in your checking or savings accounts waiting for you to pay expenses, the MMA program actually puts your money to work every minute it is in your account…significantly reducing interest on your mortgage. The MMA program consists of three main components: 1) your primary mortgage, 2) an advanced line of credit, 3) MMA online software.
The MMA works virtually just like your standard checking and savings account, except that it has the ability to offset large portions of interest on your mortgage each time you deposit income into your account. With the MMA only you have access to your money through checks, debits cards and ATM. The MMA is 100% secure, 128-bit encrypted, easy-to-use web-based system which allows you to monitor your account and interest savings 24 hours a day, 7 days a week. And again, the only person that has access to your money is you.
Sounds too good to be true?
Put meo the test. Call me at 916.799.8472 for a free, no obligation quote.
When I statred using this software I bought it just to get a friend off my back.
As it turns out, I am going to $218,000 in interest payments. That is the equivelant
of borrowing $300,000 on a 30 year fixed mortgage with a 2.57% interest rate.
-Christopher Rockey
916.799.8472
Take more vacations? Purchase investment property?
Start your own business? Retire?
1) WHAT THIS ISN’T: This is not another mortgage offer or program which let’s face it…we are all sick of seeing in our mailboxes. This is not a bi-weekly payment plan or a program that requires you to come up with extra money to add to your principal. This is not a scam or illegal scheme. This is not a program that requires you to change your existing mortgage payment or refinance.
We appreciate you taking the time to actually read this. We know how busy you are.
THIS COULD CHANGE YOU AND YOUR FAMILIES FINANCIAL FUTURE.
2) WHAT THIS IS: Through an innovative program called the Money Merge Account or MMA, homeowners across the nation are paying off their 30-year mortgage in an average of 8 to 10 years or less without refinancing their existing mortgage…without increasing their monthly mortgage payments, and without any lifestyle changes. This is an interest-reducing program which combines innovative web-based software with banking systems that have been around for decades. This is a tool provides homeowners with one personalized easy-to-use online tool which when used an average of 10-minutes per month allows you the greatest time and interest savings imaginable. It’s simple…instead of the bank or your lender tying up your mortgage for 30-years with outrageous interest charges…this is you becoming the bank. In fact you may be surprised to learn that although this is new to the U.S., similar interest-reduction programs have been used in Australia, England and other areas for over 18 years now. Yes, that’s correct; many homeowners in other countries ACTUALLY own their homes 100% free and clear by making the same monthly payments that we do every day in the U.S….yet they pay them off in 1/3 to ½ the time.
Instead of your money just sitting in your checking or savings accounts waiting for you to pay expenses, the MMA program actually puts your money to work every minute it is in your account…significantly reducing interest on your mortgage. The MMA program consists of three main components: 1) your primary mortgage, 2) an advanced line of credit, 3) MMA online software.
The MMA works virtually just like your standard checking and savings account, except that it has the ability to offset large portions of interest on your mortgage each time you deposit income into your account. With the MMA only you have access to your money through checks, debits cards and ATM. The MMA is 100% secure, 128-bit encrypted, easy-to-use web-based system which allows you to monitor your account and interest savings 24 hours a day, 7 days a week. And again, the only person that has access to your money is you.
Sounds too good to be true?
Put meo the test. Call me at 916.799.8472 for a free, no obligation quote.
When I statred using this software I bought it just to get a friend off my back.
As it turns out, I am going to $218,000 in interest payments. That is the equivelant
of borrowing $300,000 on a 30 year fixed mortgage with a 2.57% interest rate.
-Christopher Rockey
916.799.8472
Wednesday, April 11, 2007
What A Full Time Realtor / Loan Officer Needs To Know:
I did not start writing with the intent of being asked all the time "How Do You Do It?"
These are my 5 steps to success, enjoy.
How to Make Money in Real Estate
5 Steps:
Make A Living
In real estate it’s all about “location, location, location”
….in business it’s all about “cash-flow, cash-flow, cash-flow”.
Put systems in place.
Have separate business and personal checking accounts.
Pay yourself an after tax salary (putting aside1/3 for taxes is a good rule of thumb….note: IRS compounds interest daily).
When you have cash, but no cash flow, it’s better to borrow from yourself (savings/reserves) than on credit….but you must pay yourself back!!
Create A Surplus
The first place to create a business surplus is in your home budget - make cuts at home.
Get a budget booklet and keep it with you. Having it in your presence influences your thinking. It makes you aware and triggers your subconscious mind.
ATM card – use it for all of the “little stuff”. You will become more cognoscente of how much you are spending on the little stuff…it adds up.
Invest in peace of mind – put reserves into a savings account. Remember, when we are fearful, we make bad decisions.
Proper expectation: To save 1 month of reserve (at approximately $5K/mo. expense) it will take 1 year after you put away for taxes. Saving the first month of reserve is the hardest, but it does become easier.
Invest In Your Business
When your cash flow increases…you should increase your surplus from 1 month of reserves to 2 months, 3 months, and so on.
Invest in your business by giving yourself a break. Example: Hire a housekeeper or an assistant (hiring an assistant can duplicate your time). All of those things to do…”life stuff”…may have to do with how tired you might feel. The emotional payoff just might inspire you to make calls, write notes and do your client pop-bys.
Consider forming a team
Invest/Grow. Your business needs to be fed economically. Consider client parties, coaching, seminars, etc.
Continually analyze yourself and your growth opportunities.
Take Chips Off The Table
Use cash to reinvest in other opportunities to create wealth.
Taxation/Inflation – compounding interest. You are taxed on earnings, dividends & what you pass on after death. Inflation increases 3% on average (picture a water bottle with a 3% hole…eventually it will be empty). Inflation: If it currently costs you $125K a year to live today, then in order to live the same lifestyle 25 years from now, you’d need $ 250K a year.
Do diligent homework & research….then invest!
Separate Your Personal Finances From Your Business Finances
Run your investments as a separate business
Insulate yourself – you’ll make good decisions (Example: The market change)
Keeping business finances separate from family finances makes them both better
Great Points to Keep In Mind:
To start the process of working by referral….you need to generate leads.
Working by referral is a system. It is both simple and complex…simple to understand, but not to do.
2.25 written notes a day to clients, equals 50 each month. Take it one day at a time.
Create a tracking component – you can’t manage what you can’t measure.
Some of the top people in business invest 8 – 10% of their income into their business (example: coaching, seminars, etc.).
When you pay for personal growth….you value it more.
“Excellence is doing the best you can, with what you have, in the time frame allowed.”
“Success is not by chance…it’s by choice. Fortunes are made with the little choices.”
These are my 5 steps to success, enjoy.
How to Make Money in Real Estate
5 Steps:
Make A Living
In real estate it’s all about “location, location, location”
….in business it’s all about “cash-flow, cash-flow, cash-flow”.
Put systems in place.
Have separate business and personal checking accounts.
Pay yourself an after tax salary (putting aside1/3 for taxes is a good rule of thumb….note: IRS compounds interest daily).
When you have cash, but no cash flow, it’s better to borrow from yourself (savings/reserves) than on credit….but you must pay yourself back!!
Create A Surplus
The first place to create a business surplus is in your home budget - make cuts at home.
Get a budget booklet and keep it with you. Having it in your presence influences your thinking. It makes you aware and triggers your subconscious mind.
ATM card – use it for all of the “little stuff”. You will become more cognoscente of how much you are spending on the little stuff…it adds up.
Invest in peace of mind – put reserves into a savings account. Remember, when we are fearful, we make bad decisions.
Proper expectation: To save 1 month of reserve (at approximately $5K/mo. expense) it will take 1 year after you put away for taxes. Saving the first month of reserve is the hardest, but it does become easier.
Invest In Your Business
When your cash flow increases…you should increase your surplus from 1 month of reserves to 2 months, 3 months, and so on.
Invest in your business by giving yourself a break. Example: Hire a housekeeper or an assistant (hiring an assistant can duplicate your time). All of those things to do…”life stuff”…may have to do with how tired you might feel. The emotional payoff just might inspire you to make calls, write notes and do your client pop-bys.
Consider forming a team
Invest/Grow. Your business needs to be fed economically. Consider client parties, coaching, seminars, etc.
Continually analyze yourself and your growth opportunities.
Take Chips Off The Table
Use cash to reinvest in other opportunities to create wealth.
Taxation/Inflation – compounding interest. You are taxed on earnings, dividends & what you pass on after death. Inflation increases 3% on average (picture a water bottle with a 3% hole…eventually it will be empty). Inflation: If it currently costs you $125K a year to live today, then in order to live the same lifestyle 25 years from now, you’d need $ 250K a year.
Do diligent homework & research….then invest!
Separate Your Personal Finances From Your Business Finances
Run your investments as a separate business
Insulate yourself – you’ll make good decisions (Example: The market change)
Keeping business finances separate from family finances makes them both better
Great Points to Keep In Mind:
To start the process of working by referral….you need to generate leads.
Working by referral is a system. It is both simple and complex…simple to understand, but not to do.
2.25 written notes a day to clients, equals 50 each month. Take it one day at a time.
Create a tracking component – you can’t manage what you can’t measure.
Some of the top people in business invest 8 – 10% of their income into their business (example: coaching, seminars, etc.).
When you pay for personal growth….you value it more.
“Excellence is doing the best you can, with what you have, in the time frame allowed.”
“Success is not by chance…it’s by choice. Fortunes are made with the little choices.”
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