» Best Practices http://www.americanstreetblog.com/blog1 Your platform for voicing your opinions about the housing market. Fri, 18 Jul 2008 14:26:21 +0000 http://wordpress.org/?v=2.3.3 en Today’s Lesson: Mortgage Planner (MP) vs. Traditional Loan Officer (TLO) http://www.americanstreetblog.com/blog1/2008/04/10/todays-lesson-mortgage-planner-mp-vs-traditional-loan-officer-tlo/ http://www.americanstreetblog.com/blog1/2008/04/10/todays-lesson-mortgage-planner-mp-vs-traditional-loan-officer-tlo/#comments Thu, 10 Apr 2008 14:45:10 +0000 Icecream34 http://www.americanstreetblog.com/blog1/2008/04/10/todays-lesson-mortgage-planner-mp-vs-traditional-loan-officer-tlo/ Traditional loan officers and mortgage planners have obvious similarities. Although both processes result in a mortgage transaction, MP’s focus on the long-term relationship and financial well-being of the homeowner. TLO’s focus on the transaction–getting the loan closed and moving on.

TLO Objectives:

  • Transaction speed
  • Taking applicationsWhat Traditonal Loan Officers Think
  • Measuring units and outcomes

MP Objectives:

  • Relationship value
  • Delivering valued advice to earn a trusted relationship
  • Measuring margin and key performance indicators

So when you are ready to purchase your first home, investment property, or even refinance your existing loan, really consider using an MP. Just like you have a doctor, dentist, or accountant; you should have a mortgage planner. Use the knowledge of a mortgage planner for any future issues with your mortgage, budget, investing, or any other financial related topics.

Your biggest financial liability other than your family will always be your home mortgage, so ask your self who do you really want to handle your loan: someone who is just looking to take an application and move on to his next client (TLO), or someone who you can trust, build relationship, and give you his or hers expertise in your specific home loan scenario (MP)!

]]> http://www.americanstreetblog.com/blog1/2008/04/10/todays-lesson-mortgage-planner-mp-vs-traditional-loan-officer-tlo/feed/ Put the coffee down!! http://www.americanstreetblog.com/blog1/2008/03/27/put-the-coffee-down/ http://www.americanstreetblog.com/blog1/2008/03/27/put-the-coffee-down/#comments Thu, 27 Mar 2008 14:23:52 +0000 steveb http://www.americanstreetblog.com/blog1/2008/03/27/put-the-coffee-down/ Because it’s time to wake up and smell the roses! Between the FOMC slashing interest rates like it’s going out of style, to JP Morgan’s bailout for Bear Sterns, what does this all mean? And how does this actually affect my mortgage rate?

Always Be ClosingAs responsible investors, realtors and homeowners, we owe it to ourselves to not only be aware, but also understand the meaning behind such headlines. And who better to have it explained to you than your own, qualified Mortgage Planner, who with proper information and insight, is these days considered to be as invaluable as anti-virus software for your desktop computer.

The past methods of mortgage brokers simply quoting rate, payment, and closing costs are now long gone. These days, the status and volatility of today’s housing market lends necessity towards working with knowledgeable professionals.

Individuals who not only specialize in getting your loan to the closing table unaltered from any initial terms, but who also can interpret and identify why mortgage rates have consistently risen within days of each of the last five Fed Note rate cuts.

Your alternatives: you could have one of the Baldwin’s show up to your house with a set of steak knives and a swinging pair of metallic spheres, and unknowingly let them fast-talk you into negative amortization loan. Sure, they’re good looking and they make us laugh, but in times like these, we don’t need actors consulting us on what APR is: We want the real deal.

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