NateKennedy

Investor Specials In Charlotte, NC

Add $30,000 of Instant Equity!

Take a look at the deal you will be the owner of within 24 hours if you are an Action Taker.

This is in great shape and only needs minor repairs!

This home is located on 353 Wellingford, Charlotte, NC...here are some more details.

896 Square Feet with 2 bedrooms and 1 Bathroom
Fenced in backyard with great lot size.

This home is being sold at a deep discount and is perfect for your rental portfolio!

It can rent for $550 per month or Lease to purchase for $650 per month.

Purchase Price $40,000 + $5000 Repairs + $5000 Assignment Fee = $50,000

Current Value = about $81K

Minor repairs needed are Kitchen Appliances, Painted Walls and some trim work.

It gets even better!

This deal is Red hot and will move in no time at all.

Either way, this shows you a couple of things.

First off, we could never do this unless we had the specialized knowledge.

If you want to learn how to do these type of deals all across the country like myself and many of my successful students who are making tons of money with no competition sitting in their underwear, then this is your chance to get access to deals like this by going to: www.VirtualMoneyMan.com
 

By the way, there are only 7 spots available at this point as I want to make this the most profitable thing you have ever been involved in.  So, if you're one of the next 7 to Take Action, you will be one step closer to doing more deals then you ever dreamed possible go here now: Count me in, Nate First come... First Served!

We certainly do not need to offer this to everyone, but I get so excited when I get the awesome testimonials and see that people have found out what really is possible to accomplish. I have to admit this is pretty exciting stuff, and I want you to make this the best year possible.

What are you going to do with the Profits?

• Take a Vacation? (It's about that time)
   

• Childrens' Education? (How many of these deals do you need to do to pay for a college education? 2-3?)
   

• Buy a new Car?
   

• Invest in More Specialized Knowledge?
   

This one deal has more profit potential than any doctor ever makes per hour.

Let's say you market this property in whatever way you choose, and sell it on a lease option. You make money up front, monthly cash flow, and backend money (this is the difference between the original purchase price of $50,000 and your sales price of $80,000-$82,000)

Say you put 20 hours into this to get it filled.

20 hours to make $30,000 dollars is $1,500 Per Hour! how much are you making per hour Now? I would venture to say that if you made $1,500 per hour, you could find a lot more things to do other than going to your day job? (I can tell you from personal experience that it only takes about 8 hours, on the high end, to put this together.)

Hmmm... 8 hours of work to make $30,000...per hour, that's a measly $3,750 per hour.

The only reason why we are successful is that we have the specialized knowledge and take Action on opportunities!

It also shows you why we do not waste our time trying to "prove" anything to anyone or talk anyone into taking action on joining the Virtual Money Man Club. Results ALWAYS speak louder than words!

If you are ready to take Action and take the next step and have the $5,000 that this investment requires as the assignment fee, let us know by simply calling me at 704-537-2200 ext 104 and/or sending me an email at virtualmoneyman@gmail.com saying I Want The Deal, Nate!

Do not waste our time if you do not want it and are not ready to take action now.

If you're not in the Virtual Money Man Club then the assignment fee would be no less than $8k - and really should be $10k - but we want to do something special for our Members that's why we have said $5, 000 for the assignment of this great house that you can make huge profits off of on your own terms.

Oh, by the way, I did not even include the awesome tax benefits you will reap from owning this property.

Have great week and whatever you do...

It's all about who you know! and ACTION!

Until next time!

Nate Kennedy MD
 

P.S. Once you take the next step and you want this deal and many others like this, then this is bar-none the best opportunity I've seen. 

Terms Of Sale For The Property  Located At:
353 Wellingford
Charlotte, NC

The $5,000.00 can be paid via at virtualmoneyman@gmail.com

This assignment fee must be received within 2 hours of the Agreement being signed by both us  and you, as the  new buyer.  Our properties are hot and go quickly, so due diligence must be completed before paying the assignment fee.  The first person we receive payment from has first priority on completing the transaction.

Do your homework first...call me with any questions at 704-537-2200 ext 104...I will take care of you.

Also, if buyer finds that repairs needed exceed what we've quoted by more than $2,000 and you wish to not purchase the property, your money will be refunded.  Other than this one exception, performing on the contract is expected when monies are deposited. 

There are no rescission periods - once you deposit money, it is non-refundable.

Buyer is responsible for closing costs, which could include:  Deed Preparation, Transfer Tax, Recording Fees and Pro-rated Taxes

This property is "AS-IS, WHERE-IS".  No Warranties or Representations are being made or should be relied on.  The information in is deemed reliable but not guaranteed.

**If you pay the option fee, you are agreeing to all of these terms**

Remember, call Me NOW at

704-537-2200 ext 104 to grab this deal!!!

Why Use a Mortgage Planner?

So why use a mortgage planner, rather than simply borrow a home loan from a bank? There are a few advantages, namely their ability to help you find the right mortgage and plan your loan commitment, their ability to access a range of lenders, and the fact that they often won't cost you much, if any, more than going through a bank.

Purchasing a home is one of the biggest decisions you will ever make. For that reason, a good mortgage planner can be invaluable in helping you guide your decisions about what and how to borrow for the home you want. A mortgage planner is professionally trained in the fields of real estate and finance, and can also provide you with helpful information and insights that can help make the process of buying a home as smooth as possible.

Because the aim of a mortgage planner is to help plan the debt financing for your immediate, short-term and long-term needs, they can often provide you with greater assistance than a typical loan officer. A mortgage planner is trained to take a holistic view of your financial needs and will often pick up on factors that the average bank lender will miss. Such factors may mean the difference between saving ñ and losing ñ thousands of dollars.

Meanwhile, a mortgage planner also has access to many different lenders. This gives you more flexibility in finding the loan that best suits your situation, needs and goals. For example, you may want a loan with particular features ñ for example, a fixed-rate, interest-only loan with provision to become adjustable at a certain point in time. While a given bank may not have such a product to offer, a mortgage planner will have access to all kinds of lenders, one of which may well be able to provide such a loan.

A good mortgage planner will also be accessible throughout the loan approval and home settlement process. When you have questions or are confused about certain matters they will make the time to assist you. What's more, mortgage planners are typically well connected and can put you in touch with real estate agents, building contractors, home appraisers, property attorneys, and other such professionals.

Lastly, because mortgage planners are paid a commission that's based on the value of your home loan, you won't be substantially, if any, more out of pocket than if you acquired the same loan directly from the lender. Meanwhile, you will get a host of added-value services that you are unlikely to receive from the average loan officer.

Keeping you informed,

Nate Kennedy
Real Estate Nate

P.S. To get your FREE Debt Elimination analysis contact me at www.TheHomeLoanInsiders.com

What is a Reverse Mortgage?

Reverse mortgages are designed for senior aged people who are looking for a supplemental income to support themselves during retirement. If you qualify for such a loan, a reverse mortgage loan will allow you to convert the equity you've built up in your home into cash.

Under a reverse mortgage, the lender will pay you a lump sum or multiple payments, while you continue to live in the home. Your obligation to repay the loan is deferred until you die, the home is sold, or you leave (e.g. you move into an aged care facility). In this case, you (or your estate) must repay the balance of the reverse mortgage.

To qualify for a reverse mortgage you must own your own home or have a very low mortgage remaining on your home. You must be 62 years of age or older and be the primary resident of the home. There are many different lenders who will approve a reverse mortgage loan if you meet these basic requirements.

In contrast to a traditional home equity loan which requires you to have a stable income, you don't need any income to qualify for a reverse mortgage. In fact, the very purpose of such mortgages is to assist people who are ìasset richî (in terms of their home) but ìincome poorî in that they have insufficient or no income.

The amount of money you are eligible to borrow under the terms of a reverse mortgage depends on the equity you have in your home. Your age will make a difference too. Usually, the more equity in your home and the older you are, the lower your interest rate will be and the more money you'll be able to borrow. Also, another difference between reverse mortgage loans and traditional home loans is that if you donít meet your repayments you will never be forced to vacate your home.

If you are a senior and your social security benefits are barely meeting your living expenses (if at all) a reverse mortgage on your home is a terrific option. In a very real sense it is a way to benefit from the equity you own in your home. This equity can be virtually converted into monthly payments that can help support your lifestyle. And as long as you continue living in the home, you will never have to pay back the mortgage ñ your home will be used to pay off the loan when you decide to sell or pass away.

Keeping you infomed,

Nate Kennedy

P.S. For more information on reverse mortgages please contact me www.TheHomeLoanInsiders.com

Should You Rent or Own?

The ongoing debate continues are you better off renting? Or should you buy and own your own home? Let's take a look at the realities of renting versus owning.

When it comes to renting, one major benefit is having more flexibility about where you live, and how long you live in a particular place. If you have a job which requires you to move, or have not yet decided where to settle down, then it's often easier to give notice to a landlord, find another rental home in the new location, and move. You don't have the hassles of having to sell one house and buying another. Remember, even if you decide to rent out the old home, you need to make sure you can afford to meet the payments on two homes, find a suitable tenant, and maintain both properties.

Another advantage of renting is that, depending on where you buy, the rental payments may be less than the equivalent loan repayments you would have to make on the purchase of the equivalent property. As a renter, you also needn't worry about maintaining the property or paying various rates and taxes.

But despite those advantages, buying your own home has a host of benefits that can't easily be dismissed.

First of all, when you buy a home you get equity in the property. As you pay off your home loan you get more and more equity. Eventually you'll have a paid-off home that's all yours. If you need or want to sell, you'll get hard cash for that equity. And although property prices may go up and down in the short term, they do increase over the long term. This means that your home will increase in value.

So although you need to make mortgage repayments ñ which may or may not exceed what you'd have to pay in rent ñ as you pay off the principal of the loan, you'll get more equity in the home. That sure beats paying rent ñ where you NEVER get any equity.

Another huge benefit of buying a home is that the interest you pay on your home is tax deductible. This means that your tax rebates will possibly double when you own a home. And while, as a home owner, you'll have property taxes to pay, these are also tax deductible. If you rent, you cannot claim a tax deduction on rent!

Apart from the financial considerations, you also have much more freedom with your own home. If you want to make changes and additions to the property, you can. When you rent a property you are limited in terms of what changes you can make and need to get permission when you want to make a change. At the same time, spending money on changes to a rental property is generally a huge waste ñ not only are you putting money into a home that isnít yours, but you may well end up increasing its rental value... which means you'll have to pay more rent!

Finally, it should be noted that taking out a home loan and then meeting all your repayments not only helps you get into the property market, but can give you more financial opportunities down the track. As you pay off your mortgage, your credit score will improve, and the better your credit score, the greater your ability to buy investment properties or borrow money for other investments. If you are interested in investing, this shouldn't be overlooked.

While renting may be practical for some people, it just doesn't beat owning your own home for either the emotional satisfaction of having a home that's yours or the overall financial benefits.

Keeping you informed,

Nate Kennedy
Real Estate Nate

P.S. To see if you qualify to stop renting contact me at www.TheHomeLoanInsiders.com

P.S. To get a list of properties for rent to own buyers contact me at the site above..

Short Sales...What are they?

How Short Sales and Loans Can Help You Buy or Keep Your Home

Short sales have traditionally helped home buyers get a bargain... home sellers to avoid foreclosure... and lenders to recover more money than they would by foreclosing on a home. Now, proposed Federal  legislation may allow short loans to help home owners keep their homes... Either way, a short sale or loan may be just your ticket to get iñ or stay iñ in the property market...
So what is a short sale... and what is a short loan?

To begin with, a short sale is where, as a home buyer, you reach an agreement with the home seller and their lender to buy the seller's  home for less than the amount of their outstanding mortgage.
Short sales have become more common in recent times. They have been a way for: (1) home sellers to avoid foreclosure and the consequent damage to their credit record; (2) banks to recover more money  than they otherwise would by foreclosing on a home and attempting to sell it at a trustee sale or foreclosure auction; and (3) home buyers to buy homes at a discount to their market value.
Short loans are a variation of this concept and are perhaps best explained by an initiative of the House of Representatives. Just last week, the House Financial Services Committee approved a bill to be known as the Federal Housing Administration (FHA) Housing and Homeowner Retention Act) under which the FHA will guarantee a new loan to a home owner if their current lender agrees to accept a short payment (i.e. less than the outstanding balance of the loan) in full payment of the pre-existing loan.

Key conditions of the FHA's guarantee are that the new loan must cover no more than 90 percent of the value of the property and have repayment terms that the borrower is likely to meet. Further, if the home owner sells or refinances the home they must pay from any profits an exit fee equal to the larger of 3 percent of the original loan value or a decreasing percentage of the net proceeds based on the appreciation in the value of the home. Only if the borrower defaults on the new loan will they lose their home.

The bill will almost certainly be passed by the House of Representatives as a whole, and is likely to receive a warm reception by the Senate. Having said that, both the Senate and the White House have been working on their own versions of legislation to help home owners retain their houses and limit further foreclosures.

Regardless of whether or not the House Committee's proposed legislation becomes law, it's still possible for you ñ as a home buyer or home owner ñ to negotiate a similar arrangement with a lender.

For example, if you're interested in buying a home, and you know that the home is in pre-foreclosure (i.e. the lender has issued a foreclosure notice) you may be able to finance the purchase of such a home for less than the outstanding mortgage on the property.

On the flip side, if you are experiencing difficulties meeting your current mortgage repayments and are eager to keep your home and avoid foreclosure, you may also be able to reach a similar arrangement with your own lender.

Rather than constituting a short sale per se, your lender may agree to forgive certain payments, to change some of the loan terms ñ for example, the interest rate or term of the loan ñ or to substitute the loan in return for a fresh loan. It's also foreseeable for a lender to agree to a short loan repayment where you refinance by obtaining a mortgage from another lender.

The upshot of all this is that there are several ways for you as home buyer or home owner to use a short sale, short loan repayment, or similar arrangement to your benefit. In fact, with the government, lenders and others all focused on stemming what is widely viewed as a foreclosure crisis, there may never be a better time than now to consider a short sale or short pay loan as a way to buy or retain a home.
By all means keep look out for news on whether or not the House Committee's bill becomes law. But, regardless, consult your mortgage planner ñ who is best placed to discuss your circumstances and needs about the best strategy for meeting your objectives, and to help negotiate with and between lenders.

Nate is always available for free mortgage consultations.  He can be reached by phone at 704-537-2200 or by email at nate@natekennedy.com.  You can also stay up to date on the state of the mortgage industry by visiting his BLOG at www.NateKennedyBlog.com.

How to Get a Loan with Poor Credit

If you have a poor credit record, you may be under the impression that finding a home loan is out of bounds for you. However, the truth is that by taking specific steps, you can place yourself in a good position to get a home loan.

Before you do anything, however, the first step is to get a copy of your credit report and find out exactly what your credit status looks like.

One of the main factors a potential lender will consider is your debt-to-income ratio, so take note of how much money you owe to creditors. Also, see what other things are showing on your credit report. You may discover that there are a host of small debts that are undermining your credit score. Just by paying off all these minor items, you may substantially change your credit status. Keep in mind, too, that some debts are regarded as less problematic than others. For example, medical bills have traditionally been frowned upon.

You may also wish to consolidate your debt. While the major consideration for a lender is the total amount of money you owe, by consolidating your debts into one, and making weekly or monthly repayments to reduce this single debt, you'll show that you can and will pay your debts. In so doing you will gradually reduce your debt-to-income ratio and begin improving your credit score.

Meanwhile, there are also lenders that will lend to you despite a poor credit score. They will typically require you to come up with a higher down payment and will also charge a higher interest rate than most banks. You may also be subject to more stringent loan terms. For instance, most banks require borrowers to produce a down payment that equates to 5 to 20 percent of the price of the home they intend to buy. If you have a poor credit score you may be required to come up with more.

In fact, the larger your down payment, the more apt is a lender to overlook the state of your credit. This is because a big down payment demonstrates how serious you are about the investment, and allows you to obtain greater equity in the home ñ equity the bank can benefit from if you are unable to make the required mortgage repayments.

Overall, it's certainly not impossible to get a loan with bad credit. However, you are wise to take steps to improve your credit score by: (1) consolidating your debts into a single debt and establishing a track record of repaying that debt; and (2) coming up with a greater down payment towards your home purchase.

Keeping you informed,

Nate Kennedy
Real Estate Nate

P.S. To improve your credit visit www.TheHomeLoanInsiders.com and sign up for the credit repair class.

How to Get a No Money Down Loan

Don't have enough money saved for a down payment on that home you want to buy? Don't dismiss the opportunity to buy the home just yet ñ you may qualify for a ìno money downî loan.

ìNo money downî loans are home loans made to finance 100 percent of the purchase price of a home. A good mortgage planner will have access to such loans, where the lenders include major national lending institutions, small lenders, government programs and margin lenders.

Large national lending institutions commonly make no money down loans to people under certain conditions. Generally, you need to have an excellent credit record, three years of stable employment, and the ability to meet the relevant monthly mortgage repayments. In addition, only certain kinds of properties will typically be approved for purchase. A higher than usual interest rate usually applies to such loans. Smaller lenders are often less stringent about your credit record and employment history, but will generally require you to accept an even higher interest rate.

Meanwhile there are also government programs under which you may qualify for a no money down loan. For example, the Department of Veteranís Affairs (VA) runs a program whereby service personnel and veterans can borrow money without the need for a down payment, nor the requirement to take out private mortgage insurance (PMI). Other government departments run other programs to assist people to obtain no money down loans.

Another option for someone looking to borrow 100 percent of the financing for a home is a margin loan. If you have cash tied up in other assets ñ such as stocks, bonds or other securities - that you donít want to cash out, there are lenders who will allow you to pledge your securities as collateral for a no money down loan.

Also consider that you may be able to obtain two different loans (from different lenders) that each add up to 100 percent of the purchase price of the home. This is known as a ìpiggybackî loan arrangement where one lender provides, say, 80 percent of the financing for a home loan, while another lender provides 20% for the down payment. In this case you take out two loans and need to meet two lots of mortgage repayments each month.

All in all, if you are confident in your ability to repay such a loan, can cope with higher interest rates, and meet the applicable lenders' other criteria, a no money down loan may be just the ticket to get that home you want. Of course, be sure to consult your mortgage planner about all your various options ñ including the various different no money down loans you may be eligible for ñ and to help plan a financing arrangement that meets both your short term and long term needs and goals.

Keeping you informed,

Nate Kennedy
Real Estate Nate

P.S. To learn more about the no money down programs then contact me at www.TheHomeLoanInsiders.com

Understanding Homeowners' Insurance

Homeownerís insurance is insurance designed to meet the costs of repairs to your home should a disaster or other event occur and cause you to incur substantial costs. While some people are reluctant to get homeowners' insurance due to the additional expense (on top of all the other costs involved in purchasing a home) it's almost always a ìmust-haveî.

First of all, let me explain why homeowners' insurance is so important. In fact, let me explain it in terms of what may happen if you ignore the risks of, say, a disaster occurring or you decide to ìself-insureî (i.e. save money to meet the costs of damage to your property)...

Imagine a hurricane rips through your town... or a tornado... or a flood... or an earthquake occurs. Depending on where you live, these are very real risks. And if any of these disasters occur you could suffer anything from damage to your roof, to having your home destroyed altogether.

If you haven't prepared for the worst, you may end up homeless, with nothing left but the savings you have in the bank, any remaining possessions, and the equity you have in your land. None of these may be enough to return you to your previous financial position. Even if you ìself-insuredî you may not have saved enough money to rebuild your home.

With homeowners' insurance, on the other hand, you'll have the money to bring you substantially back to where you were before, including having your home rebuilt, possessions replaced, and living expenses (while your home is being rebuilt) met.

While the chances of a disaster may be slim, we've probably seen enough of them in recent years to take the risk of such occurrences seriously. At best, the applicable homeowners' insurance premiums will be a small price to pay in return for having your life returned to normal (as much as it can be after a disaster). At worst, they provide peace of mind. Meanwhile there are other events ñ such as someone injuring themselves on your property ñ that are quite common, and that you'll want to be insured for.

As you might imagine, it's critical that your homeowners' insurance policy provide cover should a disaster or other event occur. In general, you should carry enough insurance to cover the rebuilding of your home, the replacement of personal possessions, your living expenses (in case you need to move into a hotel while your home is being rebuilt), and liability for personal injury.

When it comes to estimating the cost of rebuilding your home, keep in mind factors such as local construction costs, the square footage of the home, the type of the exterior of the home, special features of the home such as arched windows, and the number of rooms in the home. An easy way to get a rough estimate of the amount of homeowners' insurance you'll need to cover the structure of your home is to multiply your total square footage by the local building costs per square foot.

When a disaster strikes your personal possessions may be damaged too. It's best to take an inventory of the items in your home and their value. You may need to specify particular items that are of high value. Meanwhile if your home is damaged such that it becomes unsuitable for living in, you'll need a place to stay while repairs are made. On that basis, be sure to include coverage for accommodation expenses (e.g. at a hotel) in your policy.

These days, one of the most important things to include in your homeowners insurance policy is liability coverage. Basically, this will allow you to meet the costs of someone becoming injured on your property.

All in all, homeowners' insurance is a must for everyone who owns a home. It provides peace of mind and is there to meet significant costs should they arise due to a disaster or otherwise.

Keeping you informed,

Nate Kennedy
Real Estate Nate

P.S. If you would like more information from a reliable insurance agent please contact me at www.TheHomeLoanInsiders.com and I will give the names of some people I have found to be great people to work with.

Commercial Mortgages vs. Residential Mortgages

If you're interested in investing in property, one of your major decisions will relate to which kind or kinds of property you choose to invest in. For example, you may be considering investing in either or both of commercial and residential property. What you may not have considered is that this decision also impacts on how and what kind of financing you can get for a given property purchase.

To be specific, there are key differences between taking out a commercial loan on the one hand, and a residential loan on the other. These differ in terms of the criteria lenders will consider before agreeing to lend to you, the terms of such loans, and how such loans are written.

In relation to the applicable criteria for lending, one key difference relates to how lenders regard the financial standing of a business versus an individual or family.

In particular, a company may have bad credit and be unprofitable and still get a loan for a commercial property. In this case, the bank may also want to see your personal credit history and require you to invest some of your own money into the purchase before they approve the loan, but may still approve it if the business appears to be stable and likely to be profitable.

As an individual wanting to purchase a home you may not be so lucky. If you have a poor credit score and, for example, have a large number of outstanding medical bills on your credit record, you may find that these act as substantial obstacles to getting a loan from a typical bank.

Commercial property loans also tend to have fixed interest rates that remain the same throughout the duration of the loan period. Homeowners donít always get the option of such loan terms unless they have an almost perfect credit record. On the other hand, in most cases, a commercial mortgage loan will have a much higher interest rate than a residential home loan.

When a bank considers funding for a commercial property it will also assess the property in terms of its resale value. The lender will want to be sure that the property can realistically be sold if the borrower defaults and the bank is forced to foreclose on the property. If the property doesnít look like a good investment to the bank (e.g. in rental value) or something they can easily sell if required, it is unlikely to approve the loan. When it comes to a residential loan, the bank will have some, but rarely the same scope, to refuse a loan based on its valuation of the property.

As you can see, it's necessary to consider the financing implications of the type of property you wish to invest in. Depending on your circumstances, you may be better off focusing on either commercial or residential property investments.

Keeping you informed,

Nate Kennedy
Real Estate Nate

P.S. If you are an investor and would like a free consultation visit www.TheHomeLoanInsiders.com to contact me.

P.P.S. If you would like a list of properties that need to be sold fast and for low prices then contact me.

What to Look for In a Mortgage Planner

Nowadays, it seems as though there are almost as many types of people offering home loans as there are home loans themselves! So before it comes to choosing between different home loans, you need to choose between different loan providers.

That being the case, here are a few considerations for what to look for in a mortgage planner. These relate to whether they are really a mortgage planner or just a broker, what services they offer, what loans they can source, their level of responsiveness, and their fees.

The first thing to take note of is whether a given professional is a mortgage planner or a mortgage broker. Mortgage brokers focus on matching people with loans. While they aim to recommend the most appropriate loan for someone, they don't really consider the ìbig pictureî. Mortgage planners, on the other hand, consider a borrower's home loan in the context of their overall financial plans. On that basis, a mortgage planner will consider your current situation and aims, as well as your future likely circumstances and goals, in order to select and assist in structuring the most appropriate loan for you.

As a practical matter, you'll want a mortgage planner who can source the types of loans that are likely to suit you. If you have general needs, then someone with access to a broad range of loan products may be suitable. If your needs are very specific ñ for instance you are self-employed and may not qualify for the typical home loan ñ someone who focuses on sourcing loans for people like you is likely to be better.

You should also seek to work with a mortgage planner who is responsive and accessible. Put it this way, if they're not there to answer your questions or assist with matters that are worrying you... they probably won't be of much use to you!

Equally, you want someone who will provide guidance and explain everything to you in plain English. Buying a home can be challenging, especially as you're unlikely to understand all of the jargon and complexities associated with real estate and banking. Therefore, it's a good idea to find a planner who will take the time to explain these things to you. Buying a home is one of the biggest decisions you will make in your life and you need to be clear on the commitment you are making.

A good mortgage planner should not require you to pay any unusual fees. Most planners will typically charge a commission (usually a percentage of the value of the loan) and may also charge extra fees for conducting an appraisal of the home you want to buy. They will also pass on other costs such as the closing costs and a down payment for the home.

That said, it's not generally wise to simply go with the person offering the lowest fees. They may not provide the level or range of services you need... which, long term, may end up costing you far more than the slightly higher fee charged by an expert mortgage planner.

To sum up, when looking for a good mortgage planner keep in mind these factors: are they really a planner, or just a broker? Will they source the kind of loan you need? Are they open and responsive? And are their fees appropriate for what they're offering?

Keeping you informed,

Nate Kennedy

P.S. To get your FREE No Obligation consultation with me please visit www.TheHomeLoanInsiders.com

P.P.S. I look forward to assisting you with all your financial and real estate needs...