Little Known Secrets for Your Writing Ambitions
Everything changes when you finally become an “author”. But the process isn’t easy. Learn the 3 publishing options for aspiring authors and which makes the most sense for your topic and your audience.
Here’s a detailed list of topics covered in this full-length audio program:
The Spectrum of Loan Programs
- Learn the two extremes of loan programs: fixed rate and negative amortization loans.
- Find out why 30-year fixed interest rates are generally higher than ARM interest rates.
- Within a single program, learn the 1 factor that determines interest rates more than any other.
- Understand what “the yield curve is flattening” means and how it affects the choice you make.
- Learn what option makes a 40-year mortgage completely unnecessary.
- Understand how to balance interest rates against the time you expect to stay in the house.
- Find out in what circumstances it makes sense to take an Interest Only loan program.
- Learn what happens when house values go down and you’re only paying interest.
- See how much you can lose when you factor in real estate commissions from selling.
- Learn a great little strategy that can reduce your principle even if you only pay interest.
- Understand the bi-monthly payment plans and why they pay off your loan quicker.
- Find out what the “Option ARM” program is and why it can be so dangerous.
- Learn the 3 deceptive marketing techniques that intentionally misrepresent these programs.
- Understand what needs to be happening to house values for these programs to make sense.
Origination, Points & Closing Costs
- Learn the definitions of “origination” and “points” and why they’re commonly confused.
- How Loan Officers get paid and how brokers compete to attract new people to their ranks.
- Find out which of these fees are tax deductible and how you can calculate a breakeven point.
- Learn the interest rate advantage one point will buy, depending on the loan program you use.
- Understand when it mathematically makes sense to buy the rate down and when it doesn’t.
- Why most Loan Officers don’t tell their clients about the savings available by paying points.
- Learn the definition of a “zero point loan” and how you end up paying the point either way.
- Understand the mechanism where Loan Officers can hike up the rate to get a kickback.
- Find out how much money some Loan Officers try to make from the loans they originate.
- Learn the best way you can protect yourself from unscrupulous Loan Officers.
- Get specific estimates for the various fees normally involved in real estate transactions.
- Learn the difference between “recurring” and “non-recurring” closing costs.
- Understand what an “impound account” is and how it affects your total closing costs.
- Find out how you might be able to negotiate a “seller credit towards closing costs”.
The Anatomy of Modern Credit Scoring
- Learn the 3 credit repositories that house credit information and where they get it from.
- Find out the one category of creditors that generally do NOT report to the credit repositories.
- Understand exactly what type of event your credit score is attempting to predict.
- Find out what the average credit score is in the country (hint: it will surprise you).
- Learn how many different “score cards” there are and what determines which one you’re on.
- Find out what the 3 different credit repositories call their respective credit scores.
- Learn which credit score Loan Officers have to use when submitting a loan to underwriting.
- Find out the most important component in your credit score and how you can improve it.
- Understand the difference between a late payment and a late reported on your credit report.
- Find out the second most important component in your score and how you can improve it.
- Why the balances shown on your credit report may not match the balances in your statement.
- Learn the remaining components of your credit score and how each one affects the total.
- Find out the 3 different types of credit and the 1 category that’s worse than all the others.
- Learn the difference between a “hard inquiry” and a “soft inquiry” and which affects your score.
- Discover 2 windows of unlimited inquiries that only count as a single inquiry.
- Why credit scoring has become so affective and who else might pull your report in the future.
