Chase The American Dream With Mortgage Refinancing

Beautiful America promises equal opportunities for all. A house, a job, and a mortgage refinancing loan in the works, complete the portrait of the quintessential pursuit of the American Dream. But people should be wary of the pitfalls of refinancing or risk losing their future in the land of milk and honey.

If in doubt, don’t

If you need to pay off existing unpaid credit and want a reprieve from the high interest rates combined, mortgage refinancing may seem the only way out of the financial mess you’re in.

But not all refinancing programs are equal. If you are saddled with debts and a poor credit score to boot, getting refinancing is not always the perfect solution to bail you out of your financial problems. You might end up worse if you are not careful.

What to avoid

If your stress levels are shooting up because of the creditors pounding on the door don’t run rush to refinance. That is, if you have to put up your house as collateral. Losing a home just for a couple of thousand in debt is senseless, considering all the efforts you have exerted to have your own house. Think of other alternatives, like asking for a restructuring of your credit.

To use your house as collateral for those credit card debts is a big gamble. Never entertain the idea. Rare is the chance of unsecured creditors seizing your home because of unpaid debts. But if you have a secured loan, your house can be seized by the lender.

So, if you have already taken the steps towards a refinancing mortgage loan and are bothered about it, you can have your application reversed within three days. Use this. This is your privilege and option.

Borrowing for investment

On the other hand, selling your old home to buy a new one is profitable at this point because this is the best time to buy or build a house. Start looking for reliable mortgage refinancing brokers to propel you towards your aspiration of owning a beautiful house. With luck, mortgage refinancing, and good management of your finances, you’ll be on your way to your dream.

With the recent slump in the housing market, house owners are ready to sell their homes for less rather than end up with no homes and no money. The ideal places for buying real estate properties are Forth Worth, Texas, Kansas, Long Island, N.Y., Washington D.C., Orlando, Fla., and Las Vegas.

Experienced investors know that once the market picks up, they can sell the houses for a profit. Lending companies may be presently wary of extending credit. However, if you have a good credit score and a stable and an above meridian income, you are a successful candidate for an approved loan.

Keep the dream alive

Catch the dream and keep it alive. Avoid the sad tales of others who lost their homes. Plan wisely, if you have decided to go for a mortgage refinancing program, but be careful in your choice of company to avoid frauds and needless expenses.

Technorati Tags: American, chase, Dream, mortgage, refinancing

Obama extends mortgage refinancing program

July 1, 2009

The Obama administration is widening its mortgage refinancing program to allow more borrowers hit hard by falling home prices to take part.

Borrowers whose loans are now worth up to 125% of their home’s value are now eligible to refinance their homes under the Obama foreclosure prevention plan announced in February. Previously, the limit was 105%.

The move acknowledges that home prices in many areas have fallen so far that many people were shut out of the program.

Some 67% of homeowners in Las Vegas — one of the hardest hit areas and where Housing Secretary Shaun Donovan announced the expansion Wednesday — owe more than their homes are worth.

More than one in five borrowers are now underwater, with homes in parts of California and Florida losing more than 50% of their value, according to Zillow.com, a real estate Web site. Some 20 million people own homes worth less than their mortgages.

“The president’s Making Home Affordable plan is already helping far more than any previous foreclosure initiative and with today’s announcement we will extend its reach still further,” said Donovan.

How many more people will be drawn to the program now, however, remains a question, especially since mortgage rates are on the rise. Administration officials do not have an estimate.

Refinancings slow to ramp up

Some 20,000 loans have been refinanced so far, according to the Treasury Department.

The initiative waives the requirement that homeowners have at least 20% equity in their home, allowing them to take advantage of today’s lower rates. Homeowners must still meet other criteria, including being current on their payments and having loans that are owned or backed by Fannie Mae or Freddie Mac.

Wednesday’s expansion means those with homes worth 0,000 and mortgages as large as 0,000 can still qualify. Previously, these borrowers could not have loans exceeding 0,000.

The program, however, has been slow to ramp up. Borrowers have complained that banks are not approving their applications. The Mortgage Bankers Association last week slashed its 2009 forecast of originations because fewer refinancings were being done than they originally expected. The group said only 13,000 were done in the three months after the plan’s launch.

The administration has projected that 4 million to 5 million mortgage borrowers would be helped. A Treasury official Tuesday said that the figure applied to those who would be eligible, not necessarily those who would participate.

Administration officials do not have an updated figure of how many people would be eligible or participate now that the criteria has been widened.

The recent uptick in mortgage prices has blunted the plan’s benefit, as well. The Federal Reserve has been buying mortgage-backed securities and long-term Treasurys in an effort to lower rates.

It worked for a while. Rates hit a low of 4.84% on April 28, but are now at 5.45%, according to HSH Associates.

Since mortgage rates have been in the 6% range in recent years, refinancing to the mid-5% range may not be worth it, said Keith Gumbinger, vice president at HSH Associates. A homeowner with a 0,000 mortgage at 6% would see a savings of about a month if he refinanced at 5.5%, and that’s before closing costs.

“Are interest rates low enough to warrant getting into the process?” he said.

The administration’s announcement comes on the same day as an industry group reported that the demand for refinancing dropped 30% last week. In addition to higher rates, rising unemployment is contributing to the decline.

Borrowers with Freddie Mac loans who refinance through their current servicer can apply right away, but those who want to go through a different lender must wait until Oct. 1. Those with Fannie Mae mortgages must use their current lenders and wait until Sept. 1.

A second part of the program lets eligible borrowers who are in default — or at risk — lower their monthly payments to no more than 31% of their pre-tax income. This can help those who are not making as much at their jobs or who have monthly payments they can’t handle. Homeowners, servicers and mortgage investors can receive incentives to entice them to participate in the program.

Banks have extended more than 200,000 trial modification offers, according to the Treasury Department. Homeowners must make three monthly payments on time before the modification is made permanent.

More Las Vegas Unemployment Articles

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Mortgage and Loss Mitigation Information

According to the latest numbers, pricing on single-family homes in the top twenty metropolitan areas in February had dropped by at least 18 percent from the year before, but the rate of change has slowed showed some hope for the distressed housing market.

The declines of the past year were more than ten percent, and home prices around the entire nation were back down to where they were in 2003. There has been a ray of light, however- January was the first time in sixteen months that the declines for the year did NOT set negative records. But analysts are still not sure if they can officially announce a real turn around for home prices.

The market might be stabilizing somewhat, but the price drops remain harsh, especially in more “bubbly” areas where they previously rose very sharply. Recent indices and studies show that the worst off cities in the past year have been Las Vegas, San Fransisco, and Pheonix, homes of previous housing booms.

As prices fall and waves of unsold homes sit empty, foreclosed-on houses aren’t selling either, making the market particularly hard on those who owe more than their houses are now worth. For that reason, real estate short sales are becoming more necessary and more prevalent, but they aren’t helping the overall situation. Prices will only continue to drop in areas with a high rate of foreclosures and short sales.

Due to all of these recent reports, the Obama admin is planning to help reduce mortgage payments for more than a million homeowners who are at risk for default. The government will tap into a fifty-billion fund created specifically for the housing crisis to incentivizes mortgage servers to allow for more loan modifications and reduce monthly payment with re-amortization.

More than half of all troubled mortgages have been re-financed and have second mortgages in an effort to help buyers dodge mortgage insurance and reduce principal and down payments. But this makes it harder to get loan modifications for the first loans, making more people involved and bogging down proceedings.

The plan will give mortgage servicers up to 0 in order to encourage them to allow loan modifications on second loans at lower interest rates for at least three years. Servicers would also be paid a small amount so long as the borrowers don’t default, further encouraging them to work with homeowners to avoid foreclosure.

The plan will likely c home loan modifications, and discourage foreclosures, perhaps even having a positive impact on prices and foreclosure rates.

Real estate experts Kendall Trotter and Steve Hawks of RE/MAX Platinum discuss what a buyer can expect from the short sale process. Excellent information for anyone who is considering purchasing a short sale. www.nevadahomepro.com
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Technorati Tags: Information, Loss, Mitigation, mortgage

Mortgage Online Rates – The New Way to Getting Current Rates

A homeowner doesn’t necessarily have to schedule an appointment and drive down to visit their bank or a mortgage lender simply to find out the daily home loan mortgage rates. That’s the archaic way of doing things or so 1990. The wiser and quicker way is getting the information on the internet, which makes getting mortgage rates a whole lot faster and easier. The task can be accomplished in under five minutes in the convenience of your home or even on mobile phone if you have internet access on the phone. Las Vegas Refinance – Finding Solution to Your Financial Problems

Getting a mortgage loan rate from an online mortgage website can have many benefits to borrowers, sellers, and people in the biz like real estate agents due to the reasons that follow:

Some of the Positives:

1. You receive a quick response from reputable mortgage lenders and brokers as compared to your typical bank which have limited loan programs inside of 24 to 48 hours.

2. Online consumers get the advantage of receiving multiple interest rate quotes which permit you to review, compare rates, fees, and the pros and cons offered by each company.

This becomes extremely helpful and lets you know the mortgage loan amount you are qualified to get based on your salary or self-employed earnings as well as other credit and financial criteria. Las Vegas Refinance – Finding Solution to Your Financial Problems

For borrowers, it is strongly suggested to learn and understand mortgages better so that you can negotiate with the lender or broker for better rates and terms. Getting your home mortgage loan rate quote is just the beginning stage in the process. Here are a few quick terms in case you don’t have your financial glossary handy. These terms pertain to mortgages you should know firsthand if you are in the market ot buy or sell a home:

Good faith estimate: This is the standardized form listing all the costs, taxes and associated fees with your home refinance or purchase itemized so you will have a very close indication of what it will cost you to obtain said loan. Moreover, some fees are negotiable so it is wise to review then check back with your loan officer of what can may be reduced if applicable.

There are basically two kinds of interest rates

Fixed interest rates: The interest rates are fixed for the life-period of the mortgage loan. Your monthly mortgage payments will be fixed as well.

Variable interest rate: The interest rate is not fixed during the whole term but may be fixed for the first year or up to ten years fixed. After that, the rate may vary on a monthly basis related to the market rate fluctuations. Las Vegas Refinance – Finding Solution to Your Financial Problems

Technorati Tags: Current, Getting, mortgage, Online, rates

Mortgage Scams Up 36% 7 Mortgage Traps Consumers Must Avoid

Copyright (c) 2009 Walt Vieira

Consumers should be aware of the Loan Sharks lurking in the waters. Now more than ever consumers need to make sure they are dealing with the right mortgage company and loan officer. Mortgage Fraud is not going away any time soon. According to the FBI Mortgage Fraud is escalating and there seems to be a correlation between fraud and distressed real estate markets, the number one state being California.

According to in a release by the FBI,”Industry personnel will feel pressure to find alternative methods to match the income they enjoyed during the real estate boom years. Many will be willing to conduct criminal activities to achieve this goal…”

This shouldn’t come as a surprise. Many loan officers and mortgage companies were living the high life the last few years with easy credit guidelines. Now it’s all changed except for their appetite for money. In order for mortgage companies to maintain the same life style they must work harder and there are plenty that don’t want to do this so they will either leave the industry or try to take advantage of unsuspecting consumers.

The mortgage companies still have the upper hand and this will continue until consumers understand the mortgage process. For most consumers the mortgage process is trial and error. They rely on family and friends to guide them throught the process and then hope and pray they weren’t taken advantage of.

Here are 7 mortgage traps consumers must avoid when shopping for the purchase of their home, refinancing their mortgage or looking for the lowest mortgage rate.

Avoid These 7 Mortgage Traps

*The No. 1 question consumers should be asking — before they choose a mortgage company.

This is something most consumers are unaware of that will cost them thousands of dollars if aren’t careful. Here’s the question to ask a loan officer: How do you track your mortgage rates?. Now simple, right? The loan officer should respond with something like this: “I subscribe to a service that alerts me about an hour before rates will be going up or down, this allows me enought time to talk to you about locking in your interest rate and saving you a lot of money”. If the loan officer doesn’t subscribe to a service then don’t use them…period. Inexperienced loan officers don’t subscribe to a service and are not proactive in tracking fluctuations in the market.

*Whether you should follow your realtor’s advice regarding home financing.

Most realtors will have a few companies they refer business to. They want to make sure that whomever the buyer chooses to do their loan is going to get the deal done. Is the realtor concerned with the buyers rate and costs? Maybe, but probably not. They will leave that discussion up to the buyer and the loan officer. Always talk to a mortgage company of your choice as well. A lot of consumers may not question the rate or costs of the lender. Like my dad always said, “Trust teh advice but always verify”. The same is true with a referral from a realtor.

*Paying for a Loan Modification Upfront

This is a big one. Never pay a loan modification company up front. I advise consumers not to use them period. The reason is simple. Consumers can call their lender directly and ask them about a loan modification program. Their lender will send them the documentation needed via mail. The consumer just needs to follow through with what is required. Would you rather pay someone an upfront fee of ,000 to ,000 not knowing if the loan modification will go through or call your lender and go through the proces yourself and keep your money in your pocket. Just because you apply for a loan modification doesn’t mean you will get it. So why pay a company up front for something that isn’t guaranteed? You might as well go to Las Vegas, at least you’ll have a little fun during the process.

*The Take Away

People want what they can’t have. When it comes to mortgages consumers may run into a loan officer or mortgage company that will review their information and then bring up any possible issue such as an old account that was delinquent, or debt ratio issues. Now the loan officer may know that these “issues” are not anything that is going to make a difference on their loan. The loan officer may actually go out of their way to make a big deal about it with the borrower and even tell them they don’t think they can get their loan approved. The loan officer may act like they are going to do their best to talk to the underwriter about it and see if any exceptions can be made knowing all along there really isn’t an issue. Then later that day or the next day after the borrower has been thinking it may not happen, the loan officer comes in on their white horse and says..”We did it! You’re approved but the rate is going to be a little higher and so are your closing costs” The borrower is relieved and accepts the higher rate and costs. The loan officer’s wallet just got heavier.

*The Bait and Switch

This is found in many other industries. The bait and switch happens every day all across the country. The loan officer will promise the lowest rate and lowest closing costs on a home purchase or refinance. They may even disclose a low rate. Then either half way through the process or at the time of signing the closing documents the borrower is informed the rate and costs have changed. This is where the loan officer will put their sales hat on and get to work explaining why they can’t deliver. The mortgage company is hoping the consumer will just raise their hands in disgust and sign away.

*Bad Credit Repair Company Scams *The Low Rate Advertisement scams

This is similar to the bait and switch. Consumers are drawn in by the low rate “teaser” of say 4.25%. This is done to get the mortgage companies phone to ring. The idea is for the mortgage company to take as many application as possible. Kind of like throwing a bunch of wet paper towels against a wall and seeing what sticks. Becareful with these companies.

In the end the consumer should protect the number one investment they will make in their life time…their home. The can protect it by being more educated.

Related Las Vegas Realtor Articles

Technorati Tags: Avoid, Consumers, mortgage, Must, scams, Traps

What are the Reasons of Bad Credit Mortgage Boom

In the past years, the private sector has dramatically expanded its role in the mortgage bond market, which had previously been dominated by government-sponsored agencies. Especially subprime mortgages that became increasingly popular in recent years 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.

Generally, subprime loans are mortgages given to borrowers with credit scores of 620 or below. Such low scores result from a history of paying debts late or not paying debts at all. Because subprime borrowers are seen as “higher risk,” their loans carry interest rates that are at least 2 percentage points higher than those offered to borrowers with better credit.

Unfortunately a lot of subprime mortgage and bad credit mortgage loans are defaulting. Most subprime borrowers take out a loan to pay off creditors, but it may not be enough to solve their financial problems. Some loans were given to people who just couldn’t afford the payments — even before their rates increased — but weren’t savvy enough to turn them down. A big reason why is that, to avoid discrimination charges, lenders gutted their traditional lending standards in order to loan money to people with bad credit (bad credit is more common in some minority communities, so refusing to lend money to people with bad credit is alleged to have a racially “disparate impact”). The Community Reinvestment Act, which punishes banks that don’t make loans in high-risk areas, is also a key reason why (it was enacted and then made even more onerous by the very politicians who are now shrieking about the mortgage crisis they helped create).

Also subprime mortgages are boosting the housing sector, where predatory mortgage companies target consumers with bad credit ratings and low incomes. These consumers are often ineligible for the much lower prime market rates. The lenders prey upon the dream of homeownership among the working poor, offering to accept “high risk” borrowers. In turn, interest rates are inflated very high, so exorbitant that many borrowers cannot keep up with payments, penalties and other fine-print fees, particularly in the event of job loss, injury or illness in the family. A very high percentage of sub-prime mortgage and bad credit mortgages agreements end in desperate refinancing attempts, foreclosures and personal bankruptcy filings.

What can be done to curb bad credit mortgage booms? In response to aggressive lending practices by mortgage lenders anti-predatory lending laws can be enacted that regulated the provision of high-risk mortgages. However, research shows that these laws have not been effective in limiting the growth of such mortgages. But on the other hand with lending standards now tightened, fewer borrowers will qualify for loans. That’s a double whammy for housing — more homes on the market and fewer buyers. For example, in markets where home prices might have fallen 3 percent because of the general housing downturn, the presence of a lot of subprime borrowers in trouble could magnify that to a 6 percent price drop.

Technorati Tags: boom, credit, mortgage, Reasons

Pitbull Mortgage School Offers Loan Officer Training on Hard Money

I’m also known as the Pitbull which is a name I was given many years ago by my friends and competitors due to my tenacious business approach. Somehow the name stuck throughout the years and I accepted it as part of my persona. My business career has spanned over 30 years. In the 80′s I was an anchor on the Financial News Network. Perhaps you remember me from my nightly reports. After the network was sold to CNBC I was offered to host The Leonard Rosen Show, which was nationally syndicated. In the 90′s I became the CEO of a large medical group. We specialized in the treatment of chronic obesity. Our focus was to provide medical services to our patients and provide a hard money loan to finance their treatment. This was a huge success, and is what opened my eyes to the hard money business.

We train loan officers, mortgage professionals, Real Estate Investors and hard money lenders how to succeed in the hard money business. If you are interested in a career in mortgage lending, our hard money school is a must for every mortgage broker and industry professional. Pitbull mortgage school is much more than a loan officer school providing loan officer training. In order to compete in the competitive environment of mortgage brokering, you need to learn all the aspects of hard money lending. Pitbull mortgage school is the definitive answer to a high income career in mortgage banking. Our California based hard money seminar series has trained mortgage professionals, loan officers, and attorneys in the lucrative field of private financing.

I host the most powerful and dynamic seminar on hard money lending that has ever been taught.

I teach the secrets and techniques of the hard money mortgage business to brokers all over the country. My students learn more in the first 45 minutes than most brokers have learned after 20 years in the business. The tuition of my seminars ranges from 5 to 5 depending on the venue. If you can’t get away, you may be interested in purchasing my DVD which was filmed at our seminar at the Monte Carlo Hotel & Casino in Las Vegas on February 7th 2007. This seminar was a tremendous success and sold out with standing room only!

I hold nothing back, Everything is disclosed!

You will receive the actual names, phone numbers, and contacts of my preferred hard money lenders.

This seminar is a must for any loan professional who desires to earn 0,000 or more in the hard money business. I know no other industry that affords more potential to earn in excess of 0,000 per year.

My experience tells me that most loan officers and mortgage professionals never even come close to reaching their potential in the hard money business. The reasons are simple- they spend most of their time spinning their wheels instead of converting their time into what I call revenue producing efforts. You need to know what to ask the borrower to flush out the real information. Then you need to learn how to manage and control your borrower through the process. And most importantly, you need to know where to place the loan for funding. Most brokers never get their loans funded. No funding, no commission. This seminar will teach you the specifics of how to get your hard money loans funded.

The Pitbull Mortgage School teaches you specifics not hypotheticals.

Here is a sample of what you will learn:

- How to do mezzanine and conduit loans.

- How to start a hard money mortgage company.

- How to ask the right questions of the borrower

- How to manage your borrower

- Where to place your loan scenario

- How to determine the real value of the property (the Pitbull Hard Money way)

- How to package and sell your loan to the investor

- How to do raw land deals, commercial projects, foreclosures, NOD’s and real estate development projects

- How to assess an appraisal that will lead to funding the loan

- How to earn 4 to 5 points on a first trust deed

- How to do second mortgages and make money doing them

Technorati Tags: Hard, Loan, money, mortgage, offers, Officer, Pitbull, School, Training

Pitbull Mortgage School Offers Loan Officer Training on Hard Money

I’m also known as the Pitbull which is a name I was given many years ago by my friends and competitors due to my tenacious business approach. Somehow the name stuck throughout the years and I accepted it as part of my persona. My business career has spanned over 30 years. In the 80′s I was an anchor on the Financial News Network. Perhaps you remember me from my nightly reports. After the network was sold to CNBC I was offered to host The Leonard Rosen Show, which was nationally syndicated. In the 90′s I became the CEO of a large medical group. We specialized in the treatment of chronic obesity. Our focus was to provide medical services to our patients and provide a hard money loan to finance their treatment. This was a huge success, and is what opened my eyes to the hard money business.

We train loan officers, mortgage professionals, Real Estate Investors and hard money lenders how to succeed in the hard money business. If you are interested in a career in mortgage lending, our hard money school is a must for every mortgage broker and industry professional. Pitbull mortgage school is much more than a loan officer school providing loan officer training. In order to compete in the competitive environment of mortgage brokering, you need to learn all the aspects of hard money lending. Pitbull mortgage school is the definitive answer to a high income career in mortgage banking. Our California based hard money seminar series has trained mortgage professionals, loan officers, and attorneys in the lucrative field of private financing.

I host the most powerful and dynamic seminar on hard money lending that has ever been taught.

I teach the secrets and techniques of the hard money mortgage business to brokers all over the country. My students learn more in the first 45 minutes than most brokers have learned after 20 years in the business. The tuition of my seminars ranges from 5 to 5 depending on the venue. If you can’t get away, you may be interested in purchasing my DVD which was filmed at our seminar at the Monte Carlo Hotel & Casino in Las Vegas on February 7th 2007. This seminar was a tremendous success and sold out with standing room only!

I hold nothing back, Everything is disclosed!

You will receive the actual names, phone numbers, and contacts of my preferred hard money lenders.

This seminar is a must for any loan professional who desires to earn 0,000 or more in the hard money business. I know no other industry that affords more potential to earn in excess of 0,000 per year.

My experience tells me that most loan officers and mortgage professionals never even come close to reaching their potential in the hard money business. The reasons are simple- they spend most of their time spinning their wheels instead of converting their time into what I call revenue producing efforts. You need to know what to ask the borrower to flush out the real information. Then you need to learn how to manage and control your borrower through the process. And most importantly, you need to know where to place the loan for funding. Most brokers never get their loans funded. No funding, no commission. This seminar will teach you the specifics of how to get your hard money loans funded.

The Pitbull Mortgage School teaches you specifics not hypotheticals.

Here is a sample of what you will learn:

- How to do mezzanine and conduit loans.

- How to start a hard money mortgage company.

- How to ask the right questions of the borrower

- How to manage your borrower

- Where to place your loan scenario

- How to determine the real value of the property (the Pitbull Hard Money way)

- How to package and sell your loan to the investor

- How to do raw land deals, commercial projects, foreclosures, NOD’s and real estate development projects

- How to assess an appraisal that will lead to funding the loan

- How to earn 4 to 5 points on a first trust deed

- How to do second mortgages and make money doing them

Find More Las Vegas Real Estate Broker Articles

Technorati Tags: Hard, Loan, money, mortgage, offers, Officer, Pitbull, School, Training

Pitbull Mortgage School Offers Loan Officer Training on Hard Money

What is hard money and how does it work?

I’m also known as the Pitbull which is a name I was given many years ago by my friends and competitors due to my tenacious business approach. Somehow the name stuck throughout the years and I accepted it as part of my persona. My business career has spanned over 30 years. In the 80′s I was an anchor on the Financial News Network. Perhaps you remember me from my nightly reports. After the network was sold to CNBC I was offered to host The Leonard Rosen Show, which was nationally syndicated. In the 90′s I became the CEO of a large medical group. We specialized in the treatment of chronic obesity. Our focus was to provide medical services to our patients and provide a hard money loan to finance their treatment. This was a huge success, and is what opened my eyes to the hard money business.

We train loan officers, mortgage professionals, Real Estate Investors and hard money lenders how to succeed in the hard money business. If you are interested in a career in mortgage lending, our hard money school is a must for every mortgage broker and industry professional. Pitbull mortgage school is much more than a loan officer school providing loan officer training. In order to compete in the competitive environment of mortgage brokering, you need to learn all the aspects of hard money lending. Pitbull mortgage school is the definitive answer to a high income career in mortgage banking. Our California based hard money seminar series has trained mortgage professionals, loan officers, and attorneys in the lucrative field of private financing.

I host the most powerful and dynamic seminar on hard money lending that has ever been taught.

I teach the secrets and techniques of the hard money mortgage business to brokers all over the country. My students learn more in the first 45 minutes than most brokers have learned after 20 years in the business. The tuition of my seminars ranges from 5 to 5 depending on the venue. If you can’t get away, you may be interested in purchasing my DVD which was filmed at our seminar at the Monte Carlo Hotel & Casino in Las Vegas on February 7th 2007. This seminar was a tremendous success and sold out with standing room only!

I hold nothing back, Everything is disclosed!

You will receive the actual names, phone numbers, and contacts of my preferred hard money lenders.

This seminar is a must for any loan professional who desires to earn 0,000 or more in the hard money business. I know no other industry that affords more potential to earn in excess of 0,000 per year.

My experience tells me that most loan officers and mortgage professionals never even come close to reaching their potential in the hard money business. The reasons are simple- they spend most of their time spinning their wheels instead of converting their time into what I call revenue producing efforts. You need to know what to ask the borrower to flush out the real information. Then you need to learn how to manage and control your borrower through the process. And most importantly, you need to know where to place the loan for funding. Most brokers never get their loans funded. No funding, no commission. This seminar will teach you the specifics of how to get your hard money loans funded.

The Pitbull Mortgage School teaches you specifics not hypotheticals.

Here is a sample of what you will learn:

- How to do mezzanine and conduit loans.

- How to start a hard money mortgage company.

- How to ask the right questions of the borrower

- How to manage your borrower

- Where to place your loan scenario

- How to determine the real value of the property (the Pitbull Hard Money way)

- How to package and sell your loan to the investor

- How to do raw land deals, commercial projects, foreclosures, NOD’s and real estate development projects

- How to assess an appraisal that will lead to funding the loan

- How to earn 4 to 5 points on a first trust deed

- How to do second mortgages and make money doing them

Technorati Tags: Hard, Loan, money, mortgage, offers, Officer, Pitbull, School, Training

Commercial Mortgage Lenders by Canada

The commercial property rates are one among the highest in the world, so one can easily find commercial mortgages brokers all over las Vegas. Commercial mortgages have seen an exceptional boom in Las Vegas. Low commercial mortgage rates have made buying property easy and fast. When one wants to buy a property, he could find a right commercial mortgage brokers by simply searching on internet. Low commercial mortgage rates are very popular, to set up business ventures, and commercial mortgage brokers are taking advantage of the situation and making a good deal of money.

The internet is probably the best way of getting valuable information on Las Vegas commercial mortgage brokers. There are so many websites which offer a broad comparison between lenders. Your job is to type in your details and choose the offer that you demand, but you have to be cautious to check for the consequences. Sometimes Commercial property or real estate can have financial fluctuation — so are interest rates. You may think you have the lowest commercial mortgage rates, but interest rates might rise or fall. You might actually end up paying more than you thought. You have to be careful while considering all these aspects before deciding on a commercial loan. Normally, traditional lenders take time to process your loan, but due to the competition, this case no longer exists. Most of them will now process your loan in a short period. Modern communication technology and competition has resulted in this speed. But again, you should look into every detail before you sign the dotted line. Have contacts with your financial advisor, discuss in detail with the lender, check out the latest news on interest rates — do all this and more, before you make that all important decision.

Commercial Mortgage Brokers provides detailed information on Commercial Mortgage Brokers, Becoming a Commercial Mortgage Broker, Commercial Mortgage Brokers Online, Finding A Commercial Mortgage Broker and more. Commercial Mortgage Brokers is affiliated with Commercial Mortgage Lenders

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Lake Las Vegas Real Estate agent Bob Ratliff with The Ratliff Group RE/MAX Las Vegas real estate agents. Exclusive Lake Las Vegas home information on short sales, foreclosures, bank owned homes and privately owned homes. Lake las Vegas is jewel in the desert. Call The Ratliff Group at 702-508-82…

Technorati Tags: canada, Commercial, lenders, mortgage