THE FUTURE OF REAL ESTATE MARKETING IS HERE!

No Hype, No Fluff, Just "Back To The Basics…. Marketing"

You are about to "Blow The Lid" off your competition and discover why having a unfair advantage is the best way to thrive in this market.  You can't afford to SETTLE for the OLD way anymore!

(Please read every word because this will impact you and your real estate career.)

Dear Real Estate Agent & Friend,

Well, This is it!

You have surely heard the rumors around town, so let me take a minute to address them now.

First, there are other agents out there that are using my systems and totally killing it right now. 

Second, The last time I limited my offer to just a small handful of successful real estate agents, it was COMPLETELY FULL in a matter of minutes.

Finally, Having closed thousands of mortgages across the country, my focus has shifted to helping you, the real estate agents, DOMINATE this market and sell more homes.

Now to the good stuff.  I'm sure glad we got that out of the way

Now, Who Am I?

I am Jimmy Sgambelluri and I am changing the dynamic between realtors and mortgage bankers in Hampton Roads.  I’m a Hampton Roads native and I’ve been in the mortgage business for 13 years.

When is the last time you were able to have a discussion with your mortgage lender about social media marketing, or any kind of marketing for that matter?

Have you ever been able to use the term “mortgage banker” and “social media” or "video marketing" in the same sentence?  Probably not. 

I guess the big question is what is your “preferred lender” doing for you?

If you are an agent that is tired of hitting singles and finally ready to hit homeruns, then keep reading.

Why do you care?

Because I am the only mortgage banker in the area who helps Realtors promote themselves, their listings, and grow their business like they never have before and for free.  Consider me a paradigm of the future of the Realtor-lender relationship.

Either you make the choice to embrace this help or your competition will do it first.  This is the difference you need to gain the edge over your competition and thrive in this market.  What have you got to lose?

The Choice is yours to make!

What's In It For You:

• Complimentary closing gift for all your buyer's
• The "Cadillac" of digital print media
• High Definition photo gallery of your listings
• Facebook marketing of your property
• Free Virtual tours
• Listing appointments falling in your lap
• Text messaging capabilities
• Lead Generating machine's
• My systems are in place, Are Yours?
• Proven Results…..

YES, I'M READY, SIGN ME UP!

 Still not sure, come to our

free webinar on Thursday at 2:00 p.m. EST

Here is what some of our current users are saying:

Bottom Line is This…

Having a strong online presence isn’t just an option in this era of instant information, it’s a necessity.  It’s no secret that 85%-90% of people go online to look for properties before picking up a phone, a newspaper (assuming they still get one), or driving by a property.

• a Realtor who is depending on the clout of a national real estate name
• publishing and update your listings in the local MLS
• sticking a sign in the yard and hoping for the best

Congratulations!

You are one of the thousands of Realtors in this area who is doing the same thing and going to get the same results.

Like all Realtors, you take pride in how your funnel or sphere of influence has brought you clients from word-of-mouth marketing.

10 years ago, these things would have been all you needed to be top dog in the local real estate market.

Times have changed and the rat race has a new track and connections that are fueled by the viral nature of social media and fluent online marketing.

YES, I'M READY, SIGN ME UP!

 Still not sure, come to our

free webinar on Thursday at 2:00 p.m. EST

Why Me?

I am THAT GUY that can give you the essential edge in this market and I also happen to be a respected mortgage banker who can put your clients into programs that are right for them now and in the long term.

Buyers come to me for mortgage advice because I have established myself as a trusted resource in this constantly changing lending environment & real estate market.

Here is What I Need You To Do Next

I am currently considering 20 top producing real estate agents to help with this unique marketing strategy and opportunity.

Please click here to get signed up immediately or you can attend our free webinar happening this Thursday at 2:00pm EST.

To a New Partnership & Knocking It Out Of The Park,

Jimmy Sgambelluri                                                                                                   Your Real Estate Marketing & Lending Specialist

P.S.  If the links above do not work, copy and paste this for the sign up form:

www.budurl.com/mysignup

And use this one for the webinar:

www.budurl.com/agentswebinar

P.P.S. This is only for the agents that wish to take action in their business and do things differently to get better results.  Understand, This is not for everyone, Just as you are stringent and selective on who you work with, I am as well.

 P.P.S. The success…or failure of your business…depends solely on your ability to sell your product or service. Are you doing what this market is demanding?

The Pending Home Sales Index rose slightly in December, climbing 1 percent from November.

A Pending Home Sale is a home that is under contract to sell, but not yet sold. It’s a figure compiled by the National Association of Realtors® using sales data from over 100 regional listing services and more than 60 large brokerages around the country.

Because each pending sale is a true measure of sales activity, the Pending Home Sales Index is purported to be the most reliable forward-looking indicator for housing.

Recent data supports this hypothesis.

After Pending Home Sales plunged 16 percent in November, Existing Home Sales fell by 17 percent in December.  Based on the most recent Pending Sales Index, therefore, we can expect January’s closed sales to be similarly level.

For home buyers in Newport News , this is all a bit of good news. Home prices are based on the supply-and-demand balance that exists between buyers and sellers.  When buyers outnumber sellers, like they did through most of 2009, home supplies dip and, in fact, the national home inventory nearly halved during the 12 months ending November 2009.

With fewer homes for sale, multiple-offer situations were almost commonplace and home values rose as result.

Activity has since slowed, however, and fewer buyers are in today’s market. The supply-and-demand equation has shifted back some. In December, home supplies rose for the first time in 7 months and January will likely show the same.

The net result: Home buyers have more homes from which to choose and that can create negotiation leverage for better prices and better concessions.

With mortgage rates still low and a looming deadline on the homebuyer’s tax credit, market activity should be strong between now and April.   Take your time and bid right. And when you’re ready, be ready. The best deals likely won’t last.

The Federal Open Market Committee ends a scheduled, 2-day meeting today in Washington. It’s the first of 8 scheduled meetings for the policy-setting group in 2010.

The group adjourns at 2:15 PM ET.

As is customary, upon adjournment, the Fed will issue a press release to the markets recapping its views of the country’s current economic condition, and the outlook for the near-term future.

The post-meeting statements from the Fed are brief but comprehensive. And Wall Street eats them up.  Every word, sentence and phrase is carefully disected in the hope of gaining an investment edge over other active traders.

It’s for this reason that mortgage rates tend to be jittery on days the FOMC adjourns. Wall Street is frantically rebalancing its bets.

Today should be no different.

The FOMC is expected to leave the Fed Funds Rate within its target range of 0.000-0.250 percent — the lowest it’s been in history.  However, it’s what the Fed says Wednesday that will matter more than what it does.

After the Fed’s last meeting in December, it made several observations:

1. The jobs market is getting “less worse”
2. The housing sector is making improvements
3. Financial markets are stabilizing further

The economy is gradually improving, the Fed told us, but there are still risks to the economy ahead.  Furthermore, inflation remains in check.

As compared to December’s press release, today’s FOMC statement will be closely watched. If the Fed changes its verbiage in any way that alludes to strong growth and/or inflation in 2010, expect mortgage rates in Newport News to rise as Wall Street moves its money from bonds to stocks.

Conversely, reference to slower growth in 2010 should lead rates lower.

We can’t know what the Fed will say so if you’re floating a mortgage rate right now or wondering whether the time is right to lock, the safe approach would be to lock prior to 2:15 PM ET Wednesday. After that, what happens to rates is anyone’s guess.

Just one month after from blowing away Wall Street, December’s Existing Home Sales hit the skids, shedding nearly 17 percent and falling to a 4-month low.

Don’t be alarmed, though. The plunge was expected. And not just because Pending Home Sales cratered last month.

When November’s Existing Home Sales surged, it was clear to observers that an expiring $8,000 federal tax credit was the catalyst. At the time, the tax program was slated to expire November 30 and the looming deadline pushed a lot of would-be buyers in Virginia Beach from a December time frame into November.

The expiration date has a cannibalizing effect on December’s sales figures. It was only later that Congress extended the tax credit to June 30, 2010.

So, with home sales plunging in December, it’s no surprise that home supplies rose for the first time in 9 months.  Home Supply is calculating by dividing the number of homes for sale by the current sales pace.

The national housing supply now rests at 7.2 months.

Despite December’s Existing Home Sales report appearing shaky, it’s actually terrific new for home buyers.

See, for the past few months, as housing has been improving, sellers nationwide have been bombarded by messages of “hot markets” and rising home prices by the media.  Psychologically, a seller is more likely to hold firm on price if he believes the housing market is improving and now December’s data is deflating that argument.

This is why we say there’s always two sides to a housing story — the buyers’ side and the sellers’ side. And, usually, what’s good for one party is bad for the other. It’s what we’re seeing now.

Because of soft data like December’s Existing Home Sales, buyers may retake some negotiation leverage that’s been lost since Spring 2009, helping to improve home affordability and, perhaps, spur more sales.

There was a stigma about buying homes on mortgages until a few years ago, but quite mercifully, that stigma has changed. Today, more and more people are buying their Newport News homes for sale with mortgages and if you have come here to read this article, probably you are one of them too. So, what are the things you must keep in mind to come to your right mortgage decision? After all, this could be, in all probability, the largest financial decision of your entire life!

Below are listed some of the main points you must consider before coming to your Newport News mortgage decision:-

1. How Much Down Payment?

Most people set the down payment issue aside, but actually that is one of the most things to be thought of beforehand. After all, how much down payment you can afford at the outset, that much less indebted you will be. The days of buying a Newport News home for sale with a 0% down or 100% mortgage financing are over, unless you are a veteran or eligible for a VA loan. The minimum down payment otherwise will be 3.5% of the purchase price.

2. Fixed or Variable Rate Newport News Mortgage?

Fixed rate mortgages are those on which the rate of interest remains fixed for the entire life of the loan. You know in advance how much you will have to pay for the entire term. But variable rate mortgages are those on which the interest rates fluctuate according to market trends. If the market rates go higher, you pay higher if they go lower, you pay lower. There is a risk factor involved, but if the market rates are going down, then variable rate mortgages will be good for you. Think well which ones you want to go with to purchase you Newport News VA home for sale.

3. Closing Fees

There will be a ton of closing fees on your mortgage application and you have to keep them ready. These are apart from the down payment that you will have to make. In fact, if the lenders do not see money worth your closing fees in your bank account, they may even reject your loan application. There are charges like lawyers fees, underwriters fees, application costs, loan closing costs, registration costs, etc. Although each of them are significantly less compared to the whole loan amount, when they are piled up together, they may not look a very neat bundle.

4. Newport News Mortgage Rates

You must always take time out and shop for the best mortgage rates. Yes, mortgage rates wildly vary from one lender to another, and you will find that out as you shop. Some of them may have smaller interest rates but larger closing costs. So, make sure to take the whole picture when you are looking out for the mortgage rates and purchasing a Newport News home for sale..

How do you find the right lender for a Newport News VA mortgage? Choosing the right lender for you can sometimes be an overwhelming experience. Getting referrals from others, browsing the yellow pages, and internet can really be intimidating if you are not looking in the right place. Since you are here, this is a good place to start. You can always call and get somebody direct now, 757-287-4098.

Since getting a mortgage should not be taken lightly, we have put together some tips that will help you find the lowest rate on a Newport News mortgage.

1. Ask questions – Ask how they communicate? (email, text, phone) What are their working hours and availability? What is their experience with your situation? ( FHA, VA, shortsales, purchases, refinances, etc)

2. Research – research your options ( family, friends, online resources) Check their websites, google them, check their ratings ( Zillow, testimonials, and other real estate referral sites) that can show you their work ethic.

3. Do you have a good rapport with them? – Do they rush you in taking your loan application? Do they take the time to get to know your situation?

There are thousands of Newport News mortgage companies and lenders out there promising you the world and trying to offer you the best deal out there to earn your business. Rate isn’t everything in choosing a lender but it might be the starting point. Make sure that you know what you are getting into so that 3 weeks later you still haven’t closed your loan and wondering where things went wrong.

In these uncertain times, it is important for you to utilize local and experienced lenders that have a proven track record with your specific Newport News mortgage transaction. At my newport news mortgage.com, we have gained the trust of our clients and business partners by providing trusted local Newport News real estate advice for over a decade.

When you see something that is too good to be true, most of the time it is.  The same goes for searching for a Newport News mortgage rate online.  Sometimes, I would like to say that the internet is the “misinformation” superhighway.  Inaccurate and undocumented information is posted everyday online.  The big question I would like to focus on today is “How accurate are online mortgage rates when seeking a Newport News VA mortgage?”

Shopping online is super easy and it can be done in the comfort of your own home.  Checking out websites from your own chair can be fun, comfortable, efficient, and cost effective.  For a shirt or a box of diapers, this is fine, but for a mortgage, does it really work?  With the industry changing quickly, mortgage transactions becoming more complex, and more variables than ever affecting the rate you will get, it is difficult to say whether you can get accurate form a non local website that is just giving you the “norm”, when you are not the “norm” for a variety of different reasons.

If shopping online for a Newport News mortgage, it is important to make sure your credit score is up to par before you even start the process.  By doing this, you will be ensuring yourself the best possible rates.  Secondly, it is important to know the appraised value of your home.  Finally, it is important to have your income and asset documents in place, so the lender can fully document them in the loan file.

Because most online Newport News VA mortgage rates are provided on an assumption the everybody has a credit score over 740 and they are borrowing less than 80% of the value of their home, it is difficult for the average consumer to know this without reading the fine print.  Because of this there is unnecessary confusion as to why rates vary so much from lender to lender from website to website.

For this reason, when shopping for a Newport News mortgage loan, it is important to utilize the service of a local lender that specializes in mortgage lending in their area.  For more information on the items that affect a Newport News mortgage loan rate quote, please call an expert direct at  757-287-4098 and speak with the local Newport News mortgage expert.

Buying a home mortgage carries several risks. And these risks are applicable not only to the homebuyer, but also to the lender who is issuing the mortgage. Speaking from the lender’s point of view, their risk could be that the loan is defaulted upon or, worse still, the borrower files a bankruptcy. In that case, the lender loses most of the financed amount. In order to protect the lenders from such eventualities, the private mortgage insurance concept is introduced and necessary on your Newport News mortgage.

Private mortgage insurance is applicable only to those homebuyers who seek mortgage financing for a major part of the value of their property. Typically, if a person is paying no down payment at all, or paying something as low as 5% of the total property cost, then the lenders would insist that the borrower buy a private mortgage insurance when purchasing their Newport News home. As the amount of the down payment increases, the need of a private mortgage insurance would become less and less. People who make 20% of the down payment may not have to buy the private mortgage insurance at all, but that depends on the discretion of the lender.

It must be noted that the private mortgage insurance works in the good interests of the borrowers too, thought that benefit is quite subtle. If there were no private mortgage insurance, then most lenders would be totally reluctant to give complete loans or even high percentage loans on properties. That means, the homebuyers would have to make big down payments. Now, with the insurance, the lenders are not so apprehensive. They even give mortgages to people who cannot make huge down payments, such as  a FHA loan to get  Newport News VA mortgage. That means, more people can now buy homes with mortgages.

The calculation for the amount you will pay for the insurance payment is quite simple to understand. Annually it is 0.5% of the amount of the mortgage you have obtained. Let us understand it this way. A property is of the value $500,000. The homebuyer pays $100,000 as down payment. Now he or she will be liable to seek a private mortgage insurance for the balance amount, that is $400,000. This is the value the lender has financed. So how much does the annual payment come out to? It is 0.5% of $400,000, which is $2000, which will be further divided into 12 monthly payments.  This is a very general formula and since the recent Financial Crisis additional guidelines and stipulations have come in to play when obtaining PMI on you r Newport News mortgage loan.

It must also be noted that the private mortgage insurance property is not a lifelong insurance. There is a time when you stop making payments on it. As time passes, your property will build in equity and when that happens, the lender will no longer be at as much risk as they were before. This is the reason why your mortgage insurance payments cease when your property equity starts building. Generally, when your property has built 80% of its value in equity, then you no longer have to make mortgage insurance payments on your newport news va home.

There was a stigma about buying homes on mortgages until a few years ago, but quite mercifully, that stigma has changed. Today, more and more people are buying their Newport News homes for sale with mortgages and if you have come here to read this article, probably you are one of them too. So, what are the things you must keep in mind to come to your right mortgage decision? After all, this could be, in all probability, the largest financial decision of your entire life!

Below are listed some of the main points you must consider before coming to your Newport News mortgage decision:-

1. How Much Down Payment?

Most people set the down payment issue aside, but actually that is one of the most things to be thought of beforehand. After all, how much down payment you can afford at the outset, that much less indebted you will be. The days of buying a Newport News home for sale with a 0% down or 100% mortgage financing are over, unless you are a veteran or eligible for a VA loan. The minimum down payment otherwise will be 3.5% of the purchase price.

2. Fixed or Variable Rate Newport News Mortgage?

Fixed rate mortgages are those on which the rate of interest remains fixed for the entire life of the loan. You know in advance how much you will have to pay for the entire term. But variable rate mortgages are those on which the interest rates fluctuate according to market trends. If the market rates go higher, you pay higher if they go lower, you pay lower. There is a risk factor involved, but if the market rates are going down, then variable rate mortgages will be good for you. Think well which ones you want to go with to purchase you Newport News VA home for sale.

3. Closing Fees

There will be a ton of closing fees on your mortgage application and you have to keep them ready. These are apart from the down payment that you will have to make. In fact, if the lenders do not see money worth your closing fees in your bank account, they may even reject your loan application. There are charges like lawyers fees, underwriters fees, application costs, loan closing costs, registration costs, etc. Although each of them are significantly less compared to the whole loan amount, when they are piled up together, they may not look a very neat bundle.

4. Newport News Mortgage Rates

You must always take time out and shop for the best mortgage rates. Yes, mortgage rates wildly vary from one lender to another, and you will find that out as you shop. Some of them may have smaller interest rates but larger closing costs. So, make sure to take the whole picture when you are looking out for the mortgage rates and purchasing a Newport News home for sale..