|
|
Post by swarm on Sept 6, 2006 15:36:42 GMT -5
Hey guys...as most or some of you know I work for the largest online residential lender in the nation, Quickenloans...
we rolled out a program this week that offers a fixed 3% interest rate for 5 years...
Now anyone with a home knows that is far beyond amazing...rates have not been this low in YEARS...
Now keep in mind, this loan isn't for everyone...if you have a good amount of equity in your home, or live in a high appreciating area (CA, AZ, FL etc..), and need to increase your cash flow by 50-60% then this loan is for you...
anyone who is interested, please pm me and I will be more than happy to speak with you about it.
Be cool,
swarm
|
|
|
|
Post by swarm on Sept 15, 2006 18:25:42 GMT -5
Just to put this loan into perspective, minutes ago I wrote a 540k loan for a single mom with a 16 year old daughter going away to college, in CA who's debt ratios were at 70%...
how does she pay her bills right?
she's making 6k a month, and her kick-out is almost 4k! That's what we in the business call "F***ED".
so I sell her this loan with an I/O payment attached to 6.5%, saving her $900.00 a month at that payment, and an option to pay a fixed 3.5% for 5 years which saves her...
$2600 a month.
Think about that...
That's 31k a year...
156k over 5 years...
let that sink in for a minute...
what would you do with that kind of money...money you made by doing nothing but making a smart decision today...
that's what I do for people...that's it.
I just wanted to share that with my crew.
swarm
|
|
|
|
Post by swarm on Sept 20, 2006 17:16:41 GMT -5
dudes,
today I set up an 800k loan for a gentleman in NY on this program...
I took his interest rate from 5.25% to 6.5% (higher...), paid off about 60k in bad debt, gave him 125k cash out and...
increased his cash flow 7k a month...a month...that's 85k a year...
I just gave this guy a 30% pay raise...
now you don't have to own a million dollar house to give yourself a 30% pay raise, you just need to pay off your debts a smarter way...
anyone who wants a 30% raise can do one of two things...walk into your workplace tomorrow morning, demand it from your boss, and get laughed at...
or talk to me.
That's what I do...that's all I do...
SWARM = $$$$$
|
|
|
|
Post by gwffantrav on Sept 20, 2006 17:23:25 GMT -5
I just think it's incredible that people actually live beyond their means and get theirselves in 60K of bad debt!!! That is just incredible!
|
|
|
|
Post by Splattercat on Sept 20, 2006 20:48:12 GMT -5
dudes, today I set up an 800k loan for a gentleman in NY on this program... I took his interest rate from 5.25% to 6.5% (higher...), paid off about 60k in bad debt, gave him 125k cash out and... increased his cash flow 7k a month...a month...that's 85k a year... I just gave this guy a 30% pay raise... now you don't have to own a million dollar house to give yourself a 30% pay raise, you just need to pay off your debts a smarter way... anyone who wants a 30% raise can do one of two things...walk into your workplace tomorrow morning, demand it from your boss, and get laughed at... or talk to me. That's what I do...that's all I do... SWARM = $$$$$Well, I want a 30% pay raise, but there's two problems that I see: 1), I'm in Canada...And 2), I'm Splattercat*... ;D *Who is not trying to offend, merely jesting...Given our subtly aforementioned history, it is indeed quite admirable that you are able to help these people...  |
|
|
|
Post by Chewey on Sept 20, 2006 21:35:17 GMT -5
The mortgage industry can be a nasty one. The one summer I worked at one, people were screaming on the phone at each other all of the time inside of their closed offices.
That said, given the nature of the industry if I were to be irresponsible and work myself into $60K of bad debt, I'd rather have Swarm on my side than on the other one!
|
|
