[HLS]

SDR, That sounds like a conforming rate, not jumbo.. ??

FromNJ, when you are quoted fees does it include ALL
1) Title & Escrow,
2)Lender Underwriting
3) Broker fees

There’s just so much misleading info, and some details often get left out. Even if you get a GFE, it doesn’t have to be accurate, but there is NO REASON that the above 3 charges can’t be almost exact up front.

It raises the hair on my neck when builders REALLY discourages you from getting your own financing.

If they agree to sell to you for $XX, why do they care where you get it from ? ….Because they may be able to influence the appraiser. It’s not in their best interest to save you money on Title & Escrow fees, but they can have a bit of control over the closing date. You can really play the builder hard sometimes, but you do need to be willing to walk. I know that emotions get involved, like buying a car that is just the right color.

Try to negotiate for your upgrades, and constantly bounce back and forth between their financing and outside financing, and continue to ask WHY there is a difference.

Realize that if you don’t have a realtor representing you from the first day that you walked in there, they are probably saving 3% in broker co-op. They aren’t going to give it to you, but it should give you a bit more leverage for upgrades or SOMETHING.

Please let me know if you want another quote.
[email protected]

[HLS]

I’m supposed to keep up with the angles, but it isn’t easy!

I’ve never heard of NRU,, will investigate. I was surprised at the endorsements they claimed for MMA, and yes MLM is multi level marketing. You get paid on the downline, I think.

Many wealthy folks are signing on (according to them)
I’ll be surprised if someone here hasn’t been pitched…
Once you hear the concept, I’m not sure that you need to pay $3500.

I’d like to hear from someone who paid the $3500 and is using it…
I didn’t want to quiz the guy too hard, I started to but decided to back off. It was only his first month.

SO, how many times have ya had someone ask you if you’d be interested in a “business opportunity” Blah, blah blah, it turns out to be Amway….

Today it’s internet related, like be a TRAVEL AGENT, get commissions. Free website, You can make some income. Some people ARE getting rich by redirecting internet traffic. Good for them.
Wonder if they need a loan 😉

Did P.T Barnum also say “Don’t quit your day job” ??

[HLS]

I’m supposed to keep up with the angles, but it isn’t easy!

I’ve never heard of NRU,, will investigate. I was surprised at the endorsements they claimed for MMA, and yes MLM is multi level marketing. You get paid on the downline, I think.

Many wealthy folks are signing on (according to them)
I’ll be surprised if someone here hasn’t been pitched…
Once you hear the concept, I’m not sure that you need to pay $3500.

I’d like to hear from someone who paid the $3500 and is using it…
I didn’t want to quiz the guy too hard, I started to but decided to back off. It was only his first month.

SO, how many times have ya had someone ask you if you’d be interested in a “business opportunity” Blah, blah blah, it turns out to be Amway….

Today it’s internet related, like be a TRAVEL AGENT, get commissions. Free website, You can make some income. Some people ARE getting rich by redirecting internet traffic. Good for them.
Wonder if they need a loan 😉

Did P.T Barnum also say “Don’t quit your day job” ??

[HLS]

I’m supposed to keep up with the angles, but it isn’t easy!

I’ve never heard of NRU,, will investigate. I was surprised at the endorsements they claimed for MMA, and yes MLM is multi level marketing. You get paid on the downline, I think.

Many wealthy folks are signing on (according to them)
I’ll be surprised if someone here hasn’t been pitched…
Once you hear the concept, I’m not sure that you need to pay $3500.

I’d like to hear from someone who paid the $3500 and is using it…
I didn’t want to quiz the guy too hard, I started to but decided to back off. It was only his first month.

SO, how many times have ya had someone ask you if you’d be interested in a “business opportunity” Blah, blah blah, it turns out to be Amway….

Today it’s internet related, like be a TRAVEL AGENT, get commissions. Free website, You can make some income. Some people ARE getting rich by redirecting internet traffic. Good for them.
Wonder if they need a loan 😉

Did P.T Barnum also say “Don’t quit your day job” ??

[HLS]

NSR,
How can you like QQQ better ????

PALM was $1,100.00 down to $14.00
please look at chart again!http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=palm&sid=0&o_symb=palm&freq=2&time=13&x=48&y=14

Loss of 98.75%

[HLS]

NSR,
How can you like QQQ better ????

PALM was $1,100.00 down to $14.00
please look at chart again!http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=palm&sid=0&o_symb=palm&freq=2&time=13&x=48&y=14

Loss of 98.75%

[HLS]

NSR,
How can you like QQQ better ????

PALM was $1,100.00 down to $14.00
please look at chart again!http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=palm&sid=0&o_symb=palm&freq=2&time=13&x=48&y=14

Loss of 98.75%

[HLS]

oops

[HLS]

oops

[HLS]

oops

[HLS]

JWM,, I can keep up with you…

I believe Melissa Gallagher is the wife of the owner Mr. Gallagher. I have his first name someplace. She was advertising a 4.5% rate with no neg am.
I was dying to know their pitch, cuz I couldn’t figure it out. If you called them, you got NO information over the phone, they would ONLY set a face to face meeting with you to explain (Red Flag #1)

Well, I finally found someone who had that face to face. Now I’m pretty creative and can be crafty within the bounds, but their pitch was more outrageous than I could have EVER imagined.
They MAY be involved in multiple lawsuits with lenders and borrowers although I DON’T KNOW THIS FOR SURE.

Someday when I have time, if nobody else knows their pitch, I will explain it.

The next/newest one to watch out for is called MMA or Money Merge Account. Their pitch is that you can pay a mortgage off in “as little as” 7-10 years just out of your regular cash flow, by using a HELOC. It didn’t take me long to dissect this one.

First off, it is a MLM scheme to be an agent. You pay $175 for the privilege. Then, you don’t actually sell people a loan, you sell them software for THIRTY FIVE HUNDRED dollars, ya $3,500.00 and you get a commission.

The software tells you how to accomplish the seemingly complicated task. I’ve seen the presentation and they claim to have some serious endorsements of how well it works, including one important guy who states that he’s never endorsed any product before, but he endorses this one…
and several accountants and CPA’s.

Part of me was so amused that I couldn’t concentrate on part of the show.

If anybody reading this has seen the presentation and pitch, please post here. I’m not going to say that their claims are false, and perhaps I need to review the program again.
According to the upline of the guy that pitched me, there are at least 18,000 agents already, (he wasn’t sure)

I ask a lot of questions, but told him that I wasn’t interested in pitching any product that I didn’t believe in..

Will talk about this more, curious to know if anyone has heard the pitch for either of the above.

[HLS]

JWM,, I can keep up with you…

I believe Melissa Gallagher is the wife of the owner Mr. Gallagher. I have his first name someplace. She was advertising a 4.5% rate with no neg am.
I was dying to know their pitch, cuz I couldn’t figure it out. If you called them, you got NO information over the phone, they would ONLY set a face to face meeting with you to explain (Red Flag #1)

Well, I finally found someone who had that face to face. Now I’m pretty creative and can be crafty within the bounds, but their pitch was more outrageous than I could have EVER imagined.
They MAY be involved in multiple lawsuits with lenders and borrowers although I DON’T KNOW THIS FOR SURE.

Someday when I have time, if nobody else knows their pitch, I will explain it.

The next/newest one to watch out for is called MMA or Money Merge Account. Their pitch is that you can pay a mortgage off in “as little as” 7-10 years just out of your regular cash flow, by using a HELOC. It didn’t take me long to dissect this one.

First off, it is a MLM scheme to be an agent. You pay $175 for the privilege. Then, you don’t actually sell people a loan, you sell them software for THIRTY FIVE HUNDRED dollars, ya $3,500.00 and you get a commission.

The software tells you how to accomplish the seemingly complicated task. I’ve seen the presentation and they claim to have some serious endorsements of how well it works, including one important guy who states that he’s never endorsed any product before, but he endorses this one…
and several accountants and CPA’s.

Part of me was so amused that I couldn’t concentrate on part of the show.

If anybody reading this has seen the presentation and pitch, please post here. I’m not going to say that their claims are false, and perhaps I need to review the program again.
According to the upline of the guy that pitched me, there are at least 18,000 agents already, (he wasn’t sure)

I ask a lot of questions, but told him that I wasn’t interested in pitching any product that I didn’t believe in..

Will talk about this more, curious to know if anyone has heard the pitch for either of the above.

[HLS]

JWM,, I can keep up with you…

I believe Melissa Gallagher is the wife of the owner Mr. Gallagher. I have his first name someplace. She was advertising a 4.5% rate with no neg am.
I was dying to know their pitch, cuz I couldn’t figure it out. If you called them, you got NO information over the phone, they would ONLY set a face to face meeting with you to explain (Red Flag #1)

Well, I finally found someone who had that face to face. Now I’m pretty creative and can be crafty within the bounds, but their pitch was more outrageous than I could have EVER imagined.
They MAY be involved in multiple lawsuits with lenders and borrowers although I DON’T KNOW THIS FOR SURE.

Someday when I have time, if nobody else knows their pitch, I will explain it.

The next/newest one to watch out for is called MMA or Money Merge Account. Their pitch is that you can pay a mortgage off in “as little as” 7-10 years just out of your regular cash flow, by using a HELOC. It didn’t take me long to dissect this one.

First off, it is a MLM scheme to be an agent. You pay $175 for the privilege. Then, you don’t actually sell people a loan, you sell them software for THIRTY FIVE HUNDRED dollars, ya $3,500.00 and you get a commission.

The software tells you how to accomplish the seemingly complicated task. I’ve seen the presentation and they claim to have some serious endorsements of how well it works, including one important guy who states that he’s never endorsed any product before, but he endorses this one…
and several accountants and CPA’s.

Part of me was so amused that I couldn’t concentrate on part of the show.

If anybody reading this has seen the presentation and pitch, please post here. I’m not going to say that their claims are false, and perhaps I need to review the program again.
According to the upline of the guy that pitched me, there are at least 18,000 agents already, (he wasn’t sure)

I ask a lot of questions, but told him that I wasn’t interested in pitching any product that I didn’t believe in..

Will talk about this more, curious to know if anyone has heard the pitch for either of the above.

[HLS]

Never forget about Banda Aceh http://news.nationalgeographic.com/news/2005/01/photogalleries/tsunami_photos/index.html

“Many eyewitnesses have compared the post-tsunami scene in Banda Aceh to that of Hiroshima, Japan, after it was hit by an atomic bomb during World War II ”
*****************************************
JWM, You are right..
Anybody who wants to compare this debacle to 1995’ish just doesn’t get it.
The fall in the 90’s was with people who ALL had something invested….. 100% loans, Stated Loans DIDN’T EXIST and people still were upside down and walked….

If I said that 25 times the number of people bought homes with no $ mo’ down, in this last run it might be an understatement, but even if only 10x is closer, do the math.

I can guarantee you that the number of people who bought homes in the recent 4-5 year run with no or little “skin in the game” is many mutiples of those that did come up with a down in the early 90’s, who still lost it all.

To those that say prices come back, this chart is my answer to that statement. http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=palm&sid=0&o_symb=palm&freq=2&time=13&x=48&y=14

[HLS]

Never forget about Banda Aceh http://news.nationalgeographic.com/news/2005/01/photogalleries/tsunami_photos/index.html

“Many eyewitnesses have compared the post-tsunami scene in Banda Aceh to that of Hiroshima, Japan, after it was hit by an atomic bomb during World War II ”
*****************************************
JWM, You are right..
Anybody who wants to compare this debacle to 1995’ish just doesn’t get it.
The fall in the 90’s was with people who ALL had something invested….. 100% loans, Stated Loans DIDN’T EXIST and people still were upside down and walked….

If I said that 25 times the number of people bought homes with no $ mo’ down, in this last run it might be an understatement, but even if only 10x is closer, do the math.

I can guarantee you that the number of people who bought homes in the recent 4-5 year run with no or little “skin in the game” is many mutiples of those that did come up with a down in the early 90’s, who still lost it all.

To those that say prices come back, this chart is my answer to that statement. http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=palm&sid=0&o_symb=palm&freq=2&time=13&x=48&y=14

[Author]

Posts