Your Mortgage Lender: VanDyk Mortgage Corporation

This is some great information from Brent Link, Associate Broker Coldwell Banker Woodland Schmidt, on what he is seeing in the Muskegon County Market.  From what I have seen this trend is similar throughout Michigan.

We are beginning to see a Seller's Market so Buyers: when you find a house you love, that you can afford that is accurately priced  don't hesitate and try to low ball an offer because you most likely are not the only one trying to snatch up the property.  Sellers: listen to your Real Estate Agent and price your home correctly!  It seems today if you are priced right and your home is move in ready you may not have long to wait.

The Hard Numbers- The Harsh Reality of Renting

Buying a home vs. renting is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profitable investment and in many cases today this still remains true. (Remember always buy low and sell high) It is an achievement that offers a sense of pride, financial stability and potential tax advantages.

Yes, there are certain responsibilities associated with owning a home. Landlords will often argue the benefits of renting, and for obvious reason. If you are renting, you’re helping them make their mortgage payment.

The numbers are staggering if you look at it this way. If you are paying $1,000 per month for an apartment, and you know your rent will increase 5% every year, then over the next five years you will pay your landlord $66,309. (WOW) If you are currently renting a house, you may be paying much more than that each month. Either way, you gain no equity by shelling out this monthly housing expense and you certainly won’t benefit when the property value goes up!

However, if you were to purchase your own home or condominium, you would be on your way toward building equity. By choosing a fixed-rate loan program, you can have the comfort of knowing that your monthly mortgage payment will never go up. In fact, you would have the option of refinancing to a lower interest rate at some point in the future should interest rates drop lower than the rate you’d currently be locked in at, and this would cause your monthly mortgage commitment to go down.

And not only would your own home give you added space, your own back yard and overall privacy—home ownership would also give you some tax advantages. Depending on your tax bracket, owning a home is often less expensive than renting after taxes. Interest payments on a mortgage below $1 million are tax-deductible, and your mortgage consultant can provide you with the information needed to  evaluate the tax advantages of various loan scenarios with your tax consultant.

To find the loan program that is right for you, your mortgage consultant will need to evaluate your monthly household income, current assets and savings, as well as any monthly obligations you may have for credit card payments, car payments, child support, etc. These pre-qualification factors, along with the report of your credit score, will determine how much house you can afford and what interest rate you will pay for financing. It is also important to let your mortgage consultant know what your future goals are, because this will help narrow down which loan option is the best fit for your long-term needs.

There are many different types of loan programs available today that offer ever changing opportunities to buyers.  It is important to evaluate your individual situation with a Licensed Mortgage Professional to ensure you have all the facts and know what is best for your personal situation.

If there is any time to buy it is NOW! Why? Because home prices are low today. Low home values are surely not good for people selling homes but they are great news for people wanting to buy a home. Don't miss this opportunity to take advantage of the current market before home values and interest rates rise.

Writing Your 30 Second

If you have ever been in a BNI Group, had a coach or taken a sales class you have heard about the importance of your 30 second introduction.  Quickly and seamlessly you want people to know what you do, how you solve their problems, how they benefit, what is unique about you and who your ideal client is.

I know that sounds so simple and guess what it is!  You first need to answer these questions for your self and write them down:

1. What do you do?
2. What problems for you solve for people?
3. How do others benefit from your service or product?
4. What makes what you do or offer unique?
5. Who is your ideal client? (there problem, need or situation)

After answering the above questions on paper you can begging to form your Verbal 30 second "commercial". 

Start with something like     "I could tell you that I am the best_____answer#1____ but I won't.  I will let you decide that for your self.  I answer #2 for people, I do this by answer #3 and #4 (described in a way that is appealing and describes the benefit to them and how it makes you unique).  Than finish with I can contact you with further information if you like (or another sentence to encourage contact info)."

What is the Velocity of Money and How Does it Impact Home Loan Rates?

 
If you’ve been watching the economic news, you’ve probably noticed that market experts and traders have been keeping a close eye on the Commerce Department’s Personal Spending and Personal Income reports. Obviously, those reports provide insight into the health of our economy, but did you know they also influence home loan rates? That’s right, personal spending can actually influence the interest rates that are available when you purchase or refinance a home.


Here's why. It has to do with something called the velocity of money. Even though the government keeps pumping money into the system, nothing happens until that money is spent or lent – and passes from one hand to another or one business to another. The speed at which this money passes between parties is called the velocity of money.

With the job market still very sluggish, consumers aren't spending much money these days, and businesses are still reluctant to spend money to make investments in their business. With the present velocity at low levels, inflation remains subdued and that's good for home loan rates. That's because rates are tied to Mortgage Bonds and inflation is the archenemy of Bonds, so low inflation is good for Bonds and rates. However, once velocity increases, the excess money in the system will cause inflation – which is bad for rates, since even the slightest scent of inflation can cause home loan rates to worsen.

While we certainly want to see better economic recovery news in the near future, we have to remember that there's an inverse relationship between good economic news and Bonds and home loan rates. Weak economic news normally causes money to flow out of Stocks and into Bonds, which helps Bonds and home loan rates improve. Strong economic news, on the other hand, normally has the opposite result.

Currently, home loan rates are at a historically low level, but that situation won’t last forever. That means now is an ideal time to purchase a home or refinance before the velocity of money – and rates – change. If you or anyone you know would like to learn more about the current economic situation and how to take advantage of historically low home loan rates, then please contact me.

 John Rice, Prudential Preferred Realtor Featured Professional

FEATURED PROFESSIONAL

John Rice, Prudential Preferred REALTORS

John has been a great asset to work with.  Our clients have been excited and happy about the home buying experience as John takes the time to educate and guide them through the process.

John has assisted hundreds of home buyers and sellers in the West Michigan area.  He applies his sales, marketing and negotiating skills to ensure the best deal  for his clients.  

John enjoys working with all clients from those who have bought and sold many times to the first time home buyer that wants to feel confident in their home buying decision.

"Helping people grow and be prosperous makes me happy.  I truly enjoy assisting people with their real estate needs.  Housing is a basic human need - everyone needs a roof over their head.  Beyond that, you can tailor your home to suit your preferences.  It is the passion within me to help others that drives me each day to help people with their real estate needs." John Rice, Realtor

Learn a bit more about John:

Cell/Text: (616) 560-0404

Website: www.mynewgrhome.com

View Properties For Sale in West Michigan

Contact

Previously Featured:

• Anthony Mosley, VanDyk Mortgage Corp

Current To Be Featured List:

• Rory Byrne, Sun Title

• Anita Miron, Allen Edwin Homes

• Chuck VanDuren, VanDuren Irving West Insurance Agency

• Julie Stone, Staged to Sell, By Julie

• Grant Alexander, VanDyk Mortgage

• George Guyott, First Advantage Real Estate

• Tracy Anderson, Five Star and Hands on House

• Patricia Caston, Midstate Title Agency

A Bit of Inspiration

I was lucky enough today to give the Inspiration at for the Western Michigan Women's Council of Realtors and I thought I would share my words with all of you as well.  When I put this together I was pondering frustrations and tribulations we all encounter daily in the industry and wanted to remind everyone to be Positive and remember your Passion.

You Are an Entrepreneur

"In trying to decide what to share with you all today that could be inspiring I sat back and looked at the industry as a whole and the one thing I realized was that no matter what role you play in a transaction, who you work for or how you are compensated you are all really Entrepreneurs. 

As an entrepreneur in the Real Estate industry you ride the waves up and down and face the many challenges head on.  But, there are times when those waves begin to wash away little bits of the belief that you have in your self and the industry.

So I want to remind you that when that next wave comes You are an Entrepreneur and You Believe.

In Real Estate you are Entrepreneurs that must believe and as an Entrepreneur you believe in your product, your business and most of all yourself.

Believing in yourself is when you compare yourself to a successful college and don’t make excuses why you are unable to compete with them but look at what you can do to surpass them.  You don’t tell anyone “no” instead you work with them to be able to say “yes”.

As an Entrepreneur that believes you become laser focused on what you have accomplished and what accomplishments lie before you.  You strive to believe in yourself and remain positive beyond all else.

If you begin to think negatively and your belief fades remember you are an Entrepreneur who is laser focused on your goals and you believe in yourself, your product and your business."

Mortgage rates are all ways on the move! Depending on the day, rates can move up and down as little as .125% to "God forbid" higher. Lower movements are what we all want in our lives, so lets hope that green line keeps moving up and stays up! If I could predict the movement, I would be able to retire to a nice warm tropical island. Check out what we have seen over the last three days.

Follow Me On:

Anthony Mosley Loan Originator Van Dyk Mortgage Corp NMLS#3035 Phone: 616-974-9209 Fax: 616-974-9309 License: NMLS#130260 amosley@vandykmortgage.com http://www.anthonyhomeloan.com

Interest Rates! Follow the green line. The green line represent the movement of the coupon that influences a group of the mortgage industries interest rates, the rates you are being quoted. This graph puts the constant movement of interest rates in a visual perspective. By the way, this is just over the last three days. If you locked a rate in the morning on March 2nd, chances are March 6th would have been a bit more attractive!

FEATURED PROFESSIONAL

 Anthony Mosley, VanDyk Mortgage Corporation

 I have had the pleasure to work with Anthony Mosley over the last handful of years and have seen his passion and enthusiasm first hand for each of his clients.  Anthony works directly with each one of his clients to get their loan transaction completed quickly and smoothly.  Currently Anthony closes his clients' mortgage loans on average of 26 days.

Anthony has a motto: "I don't tell my clients no, I tell them how."  As cheesy as this may sound this is something that Anthony stands by.  He believes in his clients and points them in the direction they need to go to become homeowners.  So no matter the time frame 30 days or even 3 years, Anthony is there to make their dream come true.

Anthony is supported by a fabulous team!  Anthony always is talking about the amazing group of people that make up his team and simply make things happen.  His group is made up of a processor, group of underwriters, closers, shippers, funders and post closers all in one office to ensure that things flow smoothly and quickly.  Also, part of Anthony's team are his Platinum Partners who include Real Estate Agents, Title Agents, Insurance Agents and Attorneys to mention a few.

Anthony enjoys focusing on giving back.  Anthony has been working to put together a group of professionals from varying fields to educate our Veterans on the benefits that they are currently not taking advantage of or are even unaware of.  In conjunction with this cause he is working to utilize a title company that donates back to a Veteran's Advocacy Fund that puts the money back into the local community.

Anthony also enjoys sharing his knowledge with consumers and local professionals by helping to lead workshops and seminars to educate others on industry changes as well as general mortgage and real estate knowledge.

Bio on Anthony Mosley

Anthony has been in the Mortgage Industry since 2000 and is currently licensed to do business in 8 states. Anthony is experiened in all areas from origination to secondary marketing.  He prides himself on his work with his clients and being straight forward and honest to insure their best interest when choosing a mortgage loan. 

Anthony originates FHA, VA, Conventional, Rural Development and Reverse Mortgages. His mortgage loan originator licenses are held in Michigan, Indiana, Georgia, California, Tennessee, Utah, Florida and Texas.

Phone: 616.974.9209

Email: amosley@vandykmortgage.com

Website: www.anthonyhomeloan.com

Facebook Page

NMLS# 130260

One of Anthony's Client Testimonials:

Current To Be Featured List:

• John Rice, Prudential Preferred Realtor

• Rory Byrne, Sun Title

• Anita Miron, Allen Edwin Homes

• Chuck VanDuren, VanDuren Irving West Insurance Agency

• Julie Stone, Staged to Sell, By Julie

• Grant Alexander, VanDyk Mortgage

• George Guyott, First Advantage Real Estate

• Tracy Anderson, Five Star and Hands on House

• Patricia Caston, Midstate Title Agency

Featured Professional Profiles

I have decided that I am going to begin featuring some of the amazing men and women that I work with daily that pour their heart and soul into getting and keeping consumers in the homes of their dreams.  I am fortunate enough to have contact with so many professionals that are truly outstanding and I want you to get to know them.

The professionals that I work with understand that owning a home is one of the most exciting, over whelming investments of our client's life.  I invite you to take a few minutes and learn more about these great professionals.

Current To Be Featured List:

• Anthony Mosley, VanDyk Mortgage Corp

• John Rice, Prudential Preferred Realtor

• Rory Byrne, Sun Title

• Anita Miron, Allen Edwin Homes

• Chuck VanDuren, VanDuren Irving West Insurance Agency

• Julie Stone, Staged to Sell, By Julie

• Grant Alexander, VanDyk Mortgage

• George Guyott, First Advantage Real Estate

• Tracy Anderson, Five Star and Hands on House

• Patricia Caston, Midstate Title Agency