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Previous Topic | Next Topic |
kdasilva
49 Posts |
 Posted - 04/04/2008 : 03:02:49 AM
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Hey Guys,
I in the past week received calls from 6 clients wanting to refi and only 1 of the 6 will even get started because it was the only one that did have a decent LTV to be able to move forward with which is discouraging to say the least!
But have found an opportunity that s great and helping me pay the bills and actually I am making more than i did in my best months doing mortgages.
So I just wanted to let you guys know about an opportunity that is working out great for me and honestly I wish I new about it before because I always love marketing and advertising which is the only thing I do with this company I am with and they sell all the leads that come in for me!! I am not trying to recruit you guys I am sincerely trying to help anyone in the position I was in when I couldnt pay the bills!
I would be more than happy to show you the opportunity and help in any way I can but honestly feel free to go directly to the companies site directly www.EliteInternetMarketers.com
They seriously handle all your sales calls, have live training calls every day with leading Internet Marketers like Jeffrey Combs Cherie Yvette and many more, provide with tons of training modules on how to market and thats all you have to do and the 3 products they sell are all financial educational products that you earn 4 to 5 figures per sale.
It is a perfect fit for me and honestly I am sure it would be a perfect fit for most of you also so check it out or if you are still doing enough business to pay the bills God Bless You.
Best Of Luck to You All |
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haiku
408 Posts |
Posted - 04/04/2008 : 04:52:53 AM
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| Rob Peter and pay Paul. |
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darkstar
19239 Posts |
Posted - 04/04/2008 : 05:49:39 AM
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| Never a worry here, bills have always been set for worst month, not best... |
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gsgroupinc
2036 Posts |
Posted - 04/04/2008 : 05:53:05 AM
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| Jimmy Crack corn and I don't care. |
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superthor1022
2797 Posts |
Posted - 04/04/2008 : 06:09:15 AM
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closing loans!
-thor |
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PinnaclePeters
1122 Posts |
Posted - 04/04/2008 : 06:10:25 AM
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Not me...
I've gone commercial.
Small-balance, Alt-A commercial loans.
$760B in reported originations in 2007... |
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kdasilva
49 Posts |
Posted - 04/04/2008 : 08:23:04 AM
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| whats the highest ltv you can get on a commercial loan?? |
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rtrefflich
3861 Posts |
Posted - 04/04/2008 : 08:29:46 AM
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This is one concept that a lot of people don't understand, ugh, I can make $8000 a month so we can spend $8000 a month, not realizing that they may not make $8000 a month, so when they don't...
quote:
Originally posted by darkstar
Never a worry here, bills have always been set for worst month, not best...
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dc62
279 Posts |
Posted - 04/04/2008 : 08:33:24 AM
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| Another MLM related death....(sigh) |
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bramous
989 Posts |
Posted - 04/04/2008 : 08:36:19 AM
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quote:
Originally posted by kdasilva
Hey Guys,
I in the past week received calls from 6 clients wanting to refi and only 1 of the 6 will even get started because it was the only one that did have a decent LTV to be able to move forward with which is discouraging to say the least!
But have found an opportunity that s great and helping me pay the bills and actually I am making more than i did in my best months doing mortgages.
So I just wanted to let you guys know about an opportunity that is working out great for me and honestly I wish I new about it before because I always love marketing and advertising which is the only thing I do with this company I am with and they sell all the leads that come in for me!! I am not trying to recruit you guys I am sincerely trying to help anyone in the position I was in when I couldnt pay the bills!
I would be more than happy to show you the opportunity and help in any way I can but honestly feel free to go directly to the companies site directly www.EliteInternetMarketers.com
They seriously handle all your sales calls, have live training calls every day with leading Internet Marketers like Jeffrey Combs Cherie Yvette and many more, provide with tons of training modules on how to market and thats all you have to do and the 3 products they sell are all financial educational products that you earn 4 to 5 figures per sale.
It is a perfect fit for me and honestly I am sure it would be a perfect fit for most of you also so check it out or if you are still doing enough business to pay the bills God Bless You.
Best Of Luck to You All
Just got a CTC....thats how the bills get paid.
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jeff4567
1538 Posts |
Posted - 04/04/2008 : 08:37:11 AM
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quote:
Originally posted by darkstar
Never a worry here, bills have always been set for worst month, not best...
Ding, ding ding! We have a winner!
In this industry you have to live below your means. We experienced some pretty easy income making years for about a 5 year stretch before 2007. Didn't anyone save anything?
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diesel350
572 Posts |
Posted - 04/04/2008 : 10:03:23 AM
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Buying $50,000 BEEMERS CAUSE I FEEL LIKE IT!!
http://www.youtube.com/watch?v=mJ936q--7Ek&feature=related
What a douche bag!! |
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cspatmon
2439 Posts |
Posted - 04/04/2008 : 11:29:35 AM
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What Bills! Shoving them under the rug! |
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nutesch
508 Posts |
Posted - 04/04/2008 : 11:43:39 AM
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LOL...that's classic.
That sooo is not a $50k Beemer in his video....Lucky to pull $20k on that car.
quote:
Originally posted by diesel350
Buying $50,000 BEEMERS CAUSE I FEEL LIKE IT!!
http://www.youtube.com/watch?v=mJ936q--7Ek&feature=related
What a douche bag!!
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NobleHouse
357 Posts |
Posted - 04/04/2008 : 11:47:06 AM
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$50,000, ya right more like $80,000 Beamers with another $20,000 in upgrades just CAUSE I FEEL LIKE IT!! Well now it's time to pay the piper.
quote:
Originally posted by diesel350
Buying $50,000 BEEMERS CAUSE I FEEL LIKE IT!!
http://www.youtube.com/watch?v=mJ936q--7Ek&feature=related
What a douche bag!!
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msancheznj
2243 Posts |
Posted - 04/04/2008 : 1:05:16 PM
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| What's bills? I don't have a mailbox. |
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Tsnyder
8301 Posts |
Posted - 04/04/2008 : 1:08:20 PM
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I had a guy tell me the other day he was so poor
he couldn't pay attention... LOL
Tsnyder |
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PinnaclePeters
1122 Posts |
Posted - 04/04/2008 : 1:13:36 PM
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quote:
Originally posted by kdasilva
whats the highest ltv you can get on a commercial loan??
90% up to $5M with a 600 score. |
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williamspeaking
4058 Posts |
Posted - 04/04/2008 : 1:18:13 PM
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| hey kevin, your signature is about 3 times larger than is allowed. |
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kimberlylong
161 Posts |
Posted - 04/04/2008 : 1:18:47 PM
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Tsnyder...are you sure it wasn't me saying that I am so poor that I can't pay attention (today anyway)?
Lucky it is Friday. I feel like the dude in Ground Hogs Day where he keeps waking up to the same sh** and each day just repeats itself. Deals just coming in but issues after issues - wearing me out.
Still unsure what I am going to do; so hard to leave this business where there is so much potential yet so hard to work it anymore. |
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EMScommercial
5141 Posts |
Posted - 04/04/2008 : 1:18:56 PM
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Haiku.... that's a line my dad used to use... funny....
Kevin... watch out for the 'signature police'... i received an email from bo's admin asking me - nicely i may add - to reduce my signature down to 5 lines... so i did... i see yours is about as big as mine used to be.... just a heads up....
Anyway....
Resi is dry.... and commercial is busy as heck... but finicky lenders.... have made it more unpredictable this year... but i feel that it's changing for the better.... Amen!
Please let us know if we can help you with your commercial scenario(s) - I'm sure that if there is any financing options for your clients out there, we can find it in our vast internal database of commercial lending sources of which we are direct brokers for (currently stands at 325+ entries as of today (lenders, banks, private money, hedge funds, pension funds, insurance companies, etc.)).
Eclipse Mortgage Services is the proverbial 'head of the snake'... the end of that broker chain.... next step - the lending source.....
** We issue a mutual NCND to protect both sides!! **
Remember... We only get paid when the thing funds!
Thanks!
Hyperlink to our page for submissions - very straight forward and simple - http://www.eclipsemortgageservices.com/body_contactme.php - we will instantaneously receive word of you submission and one of our account managers will be assigned and within one business day, you will be contacted and we can start the process!
Check out our BASIC RATE/TERM sheet to get an idea if your scenario is 'in the ball park' and then contact us to start the ball rolling to get specific numbers for your loan! http://www.EclipseMortgageServices.com/aaaaaEMS_ratesheet.pdf |
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PinnaclePeters
1122 Posts |
Posted - 04/04/2008 : 1:30:54 PM
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quote:
Originally posted by kimberlylong
Still unsure what I am going to do; so hard to leave this business where there is so much potential yet so hard to work it anymore.
Have you considered originating commercial loans? They're literally on every street corner, and the business owners are also starting resets and balloons square in the face.
Ask for their business. You give them yours everytime you spend money in their establishment.
They even make it easy for you by posting their phone numbers, categorized even, right there in the yellow pages for you. Go ahead and call them.
"What would you do if you weren't afraid?" |
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baxter1
96 Posts |
Posted - 04/04/2008 : 1:56:20 PM
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| Lots of free time.....Trading Stocks LDK, WCG an away we go... |
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Pilgram
203 Posts |
Posted - 04/04/2008 : 2:10:29 PM
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I told my old lady to get off her duff and hit the pavement -
Now she is killin it at hooters - makin me look bad.
"Doy" |
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CoolMtgGuy
4064 Posts |
Posted - 04/04/2008 : 2:12:37 PM
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quote:
Originally posted by Pilgram
I told my old lady to get off her duff and hit the pavement -
Now she is killin it at hooters - makin me look bad.
"Doy"
Funny!
I told my wife the same thing except now you will find her on the sidewalk with a sign that says "Lazy husband for hire!"
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anthonyt2325
1406 Posts |
Posted - 04/04/2008 : 2:29:37 PM
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quote:
Rob Peter and pay Paul.
2nd that. |
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MARKJOLLIFF
396 Posts |
Posted - 04/04/2008 : 3:26:19 PM
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quote:
Originally posted by darkstar
Never a worry here, bills have always been set for worst month, not best...
Smartest thing ever said on BO. I've been preaching that for years. How many people in this business made 20k, 30k or more per month for a few years and now can't pay their bills. Friggin stupid. Kudos to you for being smart! |
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mantixmortgage
2767 Posts |
Posted - 04/04/2008 : 3:37:11 PM
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i have my car on auto pay so i don't really have a choice on that one.
oh yea, the rest of the stuff I use from the money i make doing this thing called mortgage lending. google it if you want |
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darkstar
19239 Posts |
Posted - 04/04/2008 : 3:45:23 PM
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quote:
Originally posted by MARKJOLLIFF
quote:
Originally posted by darkstar
Never a worry here, bills have always been set for worst month, not best...
Smartest thing ever said on BO. I've been preaching that for years. How many people in this business made 20k, 30k or more per month for a few years and now can't pay their bills. Friggin stupid. Kudos to you for being smart!
Thank you, comes from 15yrs in car business...I went thru 2 or 3 of those spend what you make cycles, never again will I stress myself that way...I have however found newer better ways to stress myself, but not money again!(I like challenges)...LOL |
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mortgagemessiah
8003 Posts |
Posted - 04/04/2008 : 3:48:38 PM
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| I've developing 2 other revenue streams. |
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808
2870 Posts |
Posted - 04/04/2008 : 3:55:38 PM
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| shorting all the financials |
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mantixmortgage
2767 Posts |
Posted - 04/04/2008 : 3:57:58 PM
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quote:
Originally posted by 808
shorting all the financials
ive been wanting to do that for so long but i am a complete rookie. what should i do, sign up for td ameritrade or something? |
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jenweir
93 Posts |
Posted - 04/04/2008 : 4:13:02 PM
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| If a bill collector comes to the door, hand him the ones on my desk. |
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greggfranks
130 Posts |
Posted - 04/04/2008 : 4:45:53 PM
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| I sell hobbits and demorats on ebay........I also run a massage chair where my processor used to have a desk - lol |
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mortgagemessiah
8003 Posts |
Posted - 04/04/2008 : 6:30:45 PM
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| I run a she-male escort service! LOL |
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cbathan
457 Posts |
Posted - 04/04/2008 : 6:36:20 PM
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I put all my bills in a pile and draw a few and those get paid, If I am harrassed by the bill collector I will let them know that if it continues then they will opt out of being place in the pile. :0)
Ok That doesnt work too well, I could go around the corner to the chi-chi bar and shake my ta-ta's... But I fugure I am broke enuff. |
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SoCalAppraiser
24 Posts |
Posted - 04/04/2008 : 6:46:57 PM
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| I don't want to start trouble but I'm doing comp checks, pays well (lol). On the serious side, when a lender ask me, my question is did they buy, or max out refi after January 2005. If so, there is no need to check the value. That date is going back in time everyday. |
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Wupadupa
187 Posts |
Posted - 04/04/2008 : 7:14:01 PM
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Joanna: So, where do you work, Peter?
Peter Gibbons: Initech.
Joanna: In... yeah, what do you do there?
Peter Gibbons: I sit in a cubicle and I update bank software for the 2000 switch.
Joanna: What's that?
Peter Gibbons: Well see, they wrote all this bank software, and, uh, to save space, they used two digits instead of four. So, like 98 instead of 1998? Uh... so I go through these thousands of lines of code and, uh... it doesn't really matter. I uh... I don't like my job, and, uh... I don't think I'm gonna go anymore.
Joanna: You're just not gonna go?
Peter Gibbons: Yeah.
Joanna: Won't you get fired?
Peter Gibbons: I don't know, but I really don't like it, and, uh, I'm not gonna go.
Joanna: So you're gonna quit?
Peter Gibbons: Nah-uh. Not really. Uh... I'm just gonna stop going.
Joanna: When did you decide all that?
Peter Gibbons: About an hour ago.
Joanna: An hour ago... so you're gonna get another job?
Peter Gibbons: I don't think I'd like another job.
Joanna: Well, what are you going to do about money and bills and...
Peter Gibbons: You know... I've never really liked paying bills. I don't think I'm gonna do that, either. |
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ritabradley01
3570 Posts |
Posted - 04/04/2008 : 8:17:26 PM
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quote:
Originally posted by SoCalAppraiser
I don't want to start trouble but I'm doing comp checks, pays well (lol). On the serious side, when a lender ask me, my question is did they buy, or max out refi after January 2005. If so, there is no need to check the value. That date is going back in time everyday.
Wow a Certified General Appraiser doing comps checks. Most AGs I know are super busy doing commercial. |
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dtabar
813 Posts |
Posted - 04/04/2008 : 8:20:49 PM
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| closing loans. |
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ppulatie
2278 Posts |
Posted - 04/04/2008 : 8:59:30 PM
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| Selling pencils out of a cup in downtown San Francisco. |
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kdasilva
49 Posts |
Posted - 04/04/2008 : 9:42:46 PM
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quote:
Originally posted by EMScommercial
Haiku.... that's a line my dad used to use... funny....
Kevin... watch out for the 'signature police'... i received an email from bo's admin asking me - nicely i may add - to reduce my signature down to 5 lines... so i did... i see yours is about as big as mine used to be.... just a heads up....
Anyway....
Resi is dry.... and commercial is busy as heck... but finicky lenders.... have made it more unpredictable this year... but i feel that it's changing for the better.... Amen!
Please let us know if we can help you with your commercial scenario(s) - I'm sure that if there is any financing options for your clients out there, we can find it in our vast internal database of commercial lending sources of which we are direct brokers for (currently stands at 325+ entries as of today (lenders, banks, private money, hedge funds, pension funds, insurance companies, etc.)).
Eclipse Mortgage Services is the proverbial 'head of the snake'... the end of that broker chain.... next step - the lending source.....
** We issue a mutual NCND to protect both sides!! **
Remember... We only get paid when the thing funds!
Thanks!
Hyperlink to our page for submissions - very straight forward and simple - http://www.eclipsemortgageservices.com/body_contactme.php - we will instantaneously receive word of you submission and one of our account managers will be assigned and within one business day, you will be contacted and we can start the process!
Check out our BASIC RATE/TERM sheet to get an idea if your scenario is 'in the ball park' and then contact us to start the ball rolling to get specific numbers for your loan! http://www.EclipseMortgageServices.com/aaaaaEMS_ratesheet.pdf
Thanks for the heads up on the signature and honestly I starting getting discouraged since I mostly dealt with resi and I havent been in long enough cuz I was training at the time the market was hot and caught the end so did have the opportunity to save like some of you guys!!
But the NM company I am with handles all sales calls and provides training on from Internet Marketing leaders like Jeffrey Combs, Cheri Yvette and more so I think I will start apply all I learned to attacking the commercial market!
Just a tip for you guys (maybe you already know but in case you dont) a great way to generate FREE traffic is writing Articles on your most passionate subject on mortgages either commercial, FHA, resi etc. subjects and submit it online to article directories like EzineArticles.com is the best Then other website owners can pick up your article to use as content on their real estate related site for making money with Google Adsense which can generate alot of leads for free and will be great for search engine rankings since you will have so many links out their pointing to your site!!
I know a few more tips on generating free traffic maybe I'll start a new thread with more ways.. What do you guys think??
I will give commercial a try and see how it works out. How long does it normally take to close a comm deal? I think the upfront cost and length it took to close kept me away and in RI there wasnt to much going on or I just wasnt looking hard enough!
Can you go higher LTV's with seller 2nd's?
Thanks EMSCommercial
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kdasilva
49 Posts |
Posted - 04/05/2008 : 05:58:02 AM
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quote:
Originally posted by kdasilva
whats the highest ltv you can get on a commercial loan??
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MRLEND.COM
159 Posts |
Posted - 04/05/2008 : 06:41:25 AM
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Using a Certified General Appraiser instead of an MAI for commercial is just asking to waste money. I just had one reviewed by another MAI appraiser with 20 years of experience and he laughed at the appraisal that the 'customer' ordered by an AG. My two cents.
quote:
Originally posted by ritabradley01
quote:
Originally posted by SoCalAppraiser
I don't want to start trouble but I'm doing comp checks, pays well (lol). On the serious side, when a lender ask me, my question is did they buy, or max out refi after January 2005. If so, there is no need to check the value. That date is going back in time everyday.
Wow a Certified General Appraiser doing comps checks. Most AGs I know are super busy doing commercial.
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gopackers
452 Posts |
Posted - 04/05/2008 : 06:49:12 AM
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you missed the boat on that one. i bought and sold tons of puts in the past 6 months and made a killing. your risk reward is not worth it anymore ecspecially after fridays close. wm lost over 10% and i sold my puts and am out now. jmho
quote:
Originally posted by mantixmortgage
quote:
Originally posted by 808
shorting all the financials
ive been wanting to do that for so long but i am a complete rookie. what should i do, sign up for td ameritrade or something?
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SoCalAppraiser
24 Posts |
Posted - 04/05/2008 : 3:15:19 PM
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| Comps checks was purely a joke, noticed the "lol". This is what I see on most post in this forum asking why appraisers do not do comp checks. As far as the MAI, I have been an appraiser for 30 years. I was taken the AI classes for being an MAI, but when state required licenses in early 90's I stopped. Maybe you used the wrong AG appraiser or the appraiser was not experienced in commerical. |
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fharep@gmail.com
126 Posts |
Posted - 04/07/2008 : 04:34:53 AM
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| Sugar mama wife (Physical Therapist) and I am pimping out my body for 5.00 an hour.... That and closing loans, I am very lucky I am where I am and I do not forget that everyday. |
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lunarhamster
4436 Posts |
Posted - 04/07/2008 : 04:51:02 AM
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| Lets ask Linda1085 what she has been doing. |
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lunarhamster
4436 Posts |
Posted - 04/07/2008 : 04:52:53 AM
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quote:
Originally posted by SoCalAppraiser
I don't want to start trouble but I'm doing comp checks, pays well (lol). On the serious side, when a lender ask me, my question is did they buy, or max out refi after January 2005. If so, there is no need to check the value. That date is going back in time everyday.
Careful, you probably have been reported to Fraudfighter and will appear on the next Dateline episode. If she cant and refuses to do them, then by god, no one will. |
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Chris Clark
5966 Posts |
Posted - 04/07/2008 : 05:54:25 AM
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| pay the bills? who pays the bills now-a-days? i just quit paying all of mine about 4 months ago and I expect the federal government to bail me out any day now... lol |
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gopackers
452 Posts |
Posted - 04/07/2008 : 07:00:58 AM
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Good thing I got out of my WM puts last friday. The stock is up over 17% as i type.
quote:
Originally posted by gopackers
you missed the boat on that one. i bought and sold tons of puts in the past 6 months and made a killing. your risk reward is not worth it anymore ecspecially after fridays close. wm lost over 10% and i sold my puts and am out now. jmho
quote:
Originally posted by mantixmortgage
quote:
Originally posted by 808
shorting all the financials
ive been wanting to do that for so long but i am a complete rookie. what should i do, sign up for td ameritrade or something?
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