Charlotte Mortgage News

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Managing Expectations

August 16th, 2010 7:22 PM

When I was a child, my mother would always wait until the very last minute to announce news; good, bad, or indifferent. Now that I have a child, I understand why. Children can only process so much information at one time. They have a tendency to get carried away with their imaginations in expectation of an event, or discovery. It is really odd that we don’t mature very much past this fact as adults, without some help. (smile)

The same is true in the mortgage and real estate business. Many first time buyers, (and repeat buyers) often buy into the “headlines” or sales tactics of the industry, without careful thought of the “fine print”. Understand the details when purchasing or financing real estate.

Here are a few fine print notes to be noted:

Foreclosures don’t always mean that you are saving money. In today’s market, buyers are driving demand for certain properties so high that you might be paying close to market price for a bank owned property. Often times they are left in need of major repair and or appliances, all of which can be costly. The good news is that there are loan options available that allow you to buy and improve the house in the same loan.

Depressed market values don’t always mean that buyers always win on price. The reality of placing a contract for real estate today could very well be the beginning of a bidding war. When several people desire the same property, its marketability instantly increases. It is very important for buyers to know what they want, and to know how much they are willing to pay for a home before they even look for properties. Often time’s buyers don’t bid aggressively enough on the ideal home, and they lose the opportunity of their first choice due to indecisiveness. In today’s market, if you can afford it, and you want it, give them the listing price with your first offer!

When refinancing, you can not have your cake and eat it too. There is very little chance that you’ll be able refinance with no closing cost, lock in a great interest rate, decrease your loan term (30 to 15 years), and save money each month too. I always ask my clients what is their most important objective for refinancing a loan. They always want the world, for the cost of a small island. You can not save big now and pay the loan off in 15 years. You can not owe more than your home is worth, (or close to what it is worth) and get the best rate available.

These are some examples of the fine print that exist in the world of real estate/lending.
Like a good mother, a great realtor or loan officer will always set their clients expectations up front. This way there should be few disappointments and minimize the repetitive “are we there yets!”

You can find our more about me at www.lendingbliss.com
You can apply online atwww.venturewithbliss.com

Posted by Bliss M Green on August 16th, 2010 7:22 PMPost a Comment (0)

Procrastination only prolongs the inevitable

June 1st, 2010 11:14 AM

I was born in the month of May, and I must say that I do procrastinate on personal to do list. I once read that the Taurus was the most procrastinate of all the signs. Take it from me, NOT taking IMMEDIATE action usually does not work in your favor.

This is also true in mortgage lending. Getting a loan approval is an extremely time sensitive process. One of the most immediate ways that borrowers can lose savings is from indecisiveness to lock an interest rate. Or worse, they can lose the opportunity to live in the home they truly desired, because they pondered too long. Some other problems in the market place are when distressed home owners fail to take immediate action with their homes. Sales or short sales are always better alternatives than foreclosure!

I am guilty of allowing non business related task/todo list pile up. I know the disasters that lurk and await. I have also learned by professional experience that time waits for no one, and the right time to decide is always NOW!

If you are undecided about when to refinance, when to purchase, or what to purchase: you should contact LendingBliss. The value I create in the LendingBliss experience helps to alleviate some of the anxiety and frustration in the decision making process. By placing me in your employ, you can rely upon me to be prompt, and help you arrive at swift decisions that will benefit you now and in the future.

Call me today to find out how

704-890-4866

apply online at www.venturewithbliss.com

For more information email me at bliss.green@myersparkmortgage.com or visit www.lendingbliss.com

Posted by Bliss M Green on June 1st, 2010 11:14 AMPost a Comment (0)

What Next?

May 5th, 2010 1:27 PM

This week I celebrated another year of life. I was thinking to myself that I was so blessed to have accomplished so many things. I often stop and think, well Bliss, what next? I take this time of year to focus on my personal goals. I have to be absolutely certain about what I want and why when setting my goals, or I’ll come up with a “to be determined” result that is unwanted.

So you ask me what’s next for me. Personally, I want to help many people I’ve yet to meet. Professionally, it would be quite the same. I am looking to work with people where they are today. Tax credits come and go. Interest Rates swing high, and swing low. People will always need to buy and sell real estate. People will always want to save money. In the next few months, we expect to see a raise in interest rates, increased amounts of savings/reserves required, and increased down payments required. People are always looking for better professionals, and a “LendingBliss” experience. It is my job to be where the people are, and understand why they are looking for me.

I must constantly remind myself that my clients are people first. They each are focused on what is chiefly important to them at the moment. When I fail to place their priorities and motives at the fore front of our relationship, then I have done them and myself a disservice. Each buyer has a reason for why they want to purchase. Each home owner has an express goal for why they need a new loan. My ability to identify my client’s highest concern or goal, and resolve it, ensures that my client get’s their NEXT thing crossed off of their list. When I help a client get’s to their next, my next goals and task automatically get accomplished.

If you need assistance crossing a new mortgage loan off your list, call LendingBliss today! 704-890-4866 www.lendingbliss.com

Posted by Bliss M Green on May 5th, 2010 1:27 PMPost a Comment (0)

Waiting for the right time?

April 27th, 2010 4:21 PM

I hear so many people saying, when the time is right, I will.....I even think to myself, maybe I should quit while I'm ahead and wait for a better time....

In the last 10 years in Mortgage lending I don't ever think I've seen the "right time" to do anything. People are always waiting for something. I recently decided that I can no longer wait for people to think about me. I have to give them a reason to think, "oh yeah, LendingBliss!" I can no longer wait for my phone ring, or wait for checks to appear in my bank account. The time is now or never. If I am to be a success in my career, the time is today. The only thing there is time for, is execution of determined choices. It is called investing! Everyday I go to work, I invest in my future.

This personal story about my day to day is very much similar to how my industry works. Buyers want to buy low, so they wait. Sellers want to sell higher, so they wait. Realtors negotiate to prevent waiting. Homeowners think things will change, the rates, the laws, so they wait. I would make an appeal to all those who are weary of today's market. Stop waiting! If you are really trying to buy an investment; it is just that- an investment, it is going to cost you! Go ahead and buy it. If you are trying to sell; drop your price, and get ready to move! If you don't know what to do, don't worry, just don't bother. It is better to choose not to, than to indecisively haggle over why you should. When you get ready you will execute.

So Bliss, when will I know the time is right? I'm glad you asked! If you have a desire in your heart, and the means to achieve it is available, then NOW is the right time. If you wait one second later, the moment would have passed you by....

List today! Drop your price today! Contract today! Refinance today! Love today! Live today! Just do it. You will most likely not be sorry, just more resourceful!- Bliss M Green 2010

For topics, questions, comments, or referrals, please email me at bliss.green@myersparkmortgage.com or call at 704-890-4866

Posted by Bliss M Green on April 27th, 2010 4:21 PMPost a Comment (3)