June 24, 2013

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“I have to say I am ECSTATIC about my current rate in today’s environment, unreal. Better news is that Chase, where I have (we did) my second mortgage, was increased back to the original amount. Keeping it has turned into great opportunities for me. I cannot say how happy I am with what we have accomplished! It was a challenge, but you get it done. Thanks again!”

Jerry
Valued Client

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Join Us at Real Estate Connect SF!

Real Estate Connect 2013
Get discounted tickets and join the many members of both Absolute Mortgage Banking and Producers Forum at Real Estate Connect SF July 10-12.  Save $400 on Connect SF our special link: http://bit.ly/18Z6ANl
 
We received discounted tickets since Eric Trailer, Founder of Producers Forum, will be participating in a panel discussion to address the following:
 
Off market listings-a passing phase or a business evolution? 
There has always been a market for “off-market” listings. In the past this has largely been the result of consumers who want to keep their listings from public view for a variety of reasons. But today we are seeing an increase in private clubs that are entirely dependent on these “pocket” listings. Is this best for the consumer? Is it protection for the MLS? Are there liability issues for the broker? Are there implications to the basic premise of MLS; cooperation? Join this panel of experts as they discuss the resurgence of “pocket listings”.
 
Real Estate Connect is the preeminent technology conference for the real estate industry, attracting thousands of tech leaders and industry executives from around the world.
 
The audience is comprised of a who’s who list of over 1,200 CEO’s of top real estate franchises, technology entrepreneurs, marketing executives, top-producing real estate agents and brokers, and executives from top-tier financial service companies.
 
Along with executives like the CEO’s of RE/MAX, Sotheby’s, Zillow and Trulia, previous speakers at Connect include some of the smartest leaders in tech:
 
Larry Page, Co-founder of Google
Dennis Crowley, founder of Foursquare
Reid Hoffman, founder of LinkedIn
Gary Vaynerchuk, founder of Wine Library TV
Tony Hsieh, CEO of Zappos.com
Kara Swisher of All Things D
Craigslist founder Craig Newmark
Claire Boonstra, Co-founder or Layar
Silicon Valley angel investor Ron Conway
Airbnb co-founder Joe Gebbia
Jon Steinberg, President & COO, BuzzFeed

Paul Berry, founder and CEO, Rebel Mouse

High Leverage Bridge Financing is Back!

With all of the challenges facing buyers in the current market, including fierce competition, all-cash offers and rising interest rates, at least there is a ray of hope with the re-emergence of high leverage bridge financing to help buyers tap into the equity of their current home to purchase their next home.

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Just think about how effective a bridge solution could be if you’re in a competitive situation against all-cash offers and/or offers with no contingencies. With your client already moved into their new home, imagine how efficiently you can market and prepare their previous home.

So what are the terms of this fantastic bridge solution?  I know what you’re thinking, and fortunately you can discard the notion of ultra high interest rates and crazy fees for this bridge loan.  Qualified buyers can obtain up to 80% loan-to-value on their current home to provide the cash they need to purchase a new home.   Further, the qualifications for the bridge financing are actually easier than conventional financing.   Want more?  OK, how about no payments required during the term of the loan!  The final kicker:  very competitive pricing and low fees versus typical bridge financing solutions.

Bridge financing is only one of a number of programs that allow your clients to purchase a new home before they sell their existing home.  Other programs include Departing Residence and Cross Collateral For these and a multitude of other programs, consult your favorite mortgage professional for further details.

ImageAbsolute Mortgage Banking is licensed by the CA Dept. of Real Estate, Real Estate Broker license 01458652 and NMLS 235584. Equal Opportunity Lender.