Hofer Schmidt Uncategorized Private Residential Mortgage

Private Residential Mortgage

July 8, 2022July 8, 2022| Robbin RasonRobbin Rason| 0 Comments | 12:00 am
Categories:

Private Residential Mortgage

I have come across many note sellers that ignore the advice of being prepared. Properly structuring a note for resale can be the difference between selling the note fast and with little friction as opposed to selling yourself short or worse, not selling the note at all. In order to properly structure a mortgage note for resale is as follows:


1) Get the biggest down payment possible. 25% is the Note Buyer’s ideal amount in a perfect world although, you can definitely get away with 15% – 20% if need be. Anything under 15% equity becomes very risky for a Note Investor. In the case of a down payment under 14% equity, you will have a very tough time getting a high bid on that note. Anything under 10% down, will unlikely sell at all.  Housing Market!


2) Make sure you (the seller), pull credit on the potential borrower. 600 FICO score – 700 FICO score would be ideal. Remember; the worse the credit score is, the bigger the down payment you should require! Make sure you keep a copy of the credit report so you may present to the mortgage note investor underwriting the transaction. As far as credit scores, 650 or higher is considered great to excellent credit. 610-649 is good, 609-590 is fair 589-500 is poor and below 500 – don’t even bother. Also try to gather D.T.I. or Debt to Income information from the borrower as well. How much money she/he has coming in per month verses what dollar amount is going out per month. A standard credit report will show you what the borrowers monthly bills are. All you need to do after that is get an accurate dollar amount of what the borrower truly makes after taxes. This way there will be no surprises for you or the Note Investor and this will insure you the highest bids out there! 45% is the max D.T.I. ratio you should allow. This means, if the borrower’s income is $5,000.00 per month, 45% DTI ratio would be $2,250.00 (5,000 x 0.45 = 2,250.00) in debt per month. The borrower only owes 45% of what they make to monthly debt.  Housing Market!


3) It helps tremendously if the seller orders and completes an appraisal before submitting the note to a Note Buyer. The reason being, presenting an exact legal appraisal to a Note Investor allows for a more accurate bid, thus a hassle free transaction. This way when the note is underwritten, there will be no surprises on the collateral property whatsoever. This step is not necessary although, by doing this your are drastically increasing your chances of a very smooth note sale.


4) Include a high interest rate with the shortest term possible. Meaning, be sure that your borrower can afford the payments at the shortest term she/he can legitimately agree to.


5) Try to keep the loan under a 10-15 year payback date. Anything over 12 years usually takes a much steeper discount then say a 10 balloon. The Note Investor generally likes to be out of an investment in 5-10 years. Ideally, if your borrower situation permits, 5-10 is the first choice. 


6) Include a prepayment penalty based on your states regulations and laws.  Go Now!


Please keep in mind; the above information is just a guide. If you have any legal questions about mortgage origination laws in your state, please consult a licensed mortgage broker/banker (in your state) or an attorney. Always be prepared!
Knowing this info before hand is the difference between a smooth transaction and a complete nightmare! Good Luck!

Related Post

Tampa IT ServicesTampa IT Services

May 5, 2023May 5, 2023| Robbin RasonRobbin Rason| 0 Comment| 12:00 am

Are you a business in Tampa that is searching for reliable and secure IT services? Look no further! This blog post will cover the various IT services that are offered in Tampa. These services include computer software solutions, hardware upgrades and maintenance, data security and backup options, network installation and troubleshooting, as well as full-service technology support services. By utilizing these services, you can be confident that your business is current and functioning smoothly.

https://www.managed-it-tampa.com/

Computer Software Solutions For Businesses

Are you searching for comprehensive computer software solutions? Look no further than Tampa IT Services. Our experienced team of IT professionals offers a range of services designed to meet businesses` needs, from cost-effective and efficient options to scalable services tailored to specific requirements.

 

Our experts understand the importance of regularly updating and maintaining software systems to ensure they remain secure and up-to-date. We also provide customized services tailored to each company`s individual needs, including troubleshooting support resources. With our reliable IT solutions, top-notch customer service, and a proven track record of increasing reliability and productivity in businesses, Tampa IT Services is the preferred choice for computer software solutions.

 

As a managed IT services provider, we take control of your business`s IT problems before they become too large or cause disruption to operations. We offer various on-site, remote, and phone support options with competitive pricing tailored to individual needs, as well as 24/7 customer service to ensure the best possible experience when working with us.

 

In addition to Tampa IT Services, other excellent computer software solutions providers include Sirius Computer Solutions (best overall IT support), Support.com (best budget-friendly support), Techs in a Sec (best computer repair), ScienceSoft (best network security), and APS (best AP support). Investing in these types of services can help keep your business running smoothly while providing peace of mind knowing that any issues will be promptly addressed by knowledgeable professionals with extensive experience in this field.

Hardware Upgrades And Maintenance

Are you seeking reliable Tampa IT services for your hardware upgrades and maintenance needs? Tampa IT services providers have the expertise and experience to ensure your business computing system is running smoothly, whether you require routine checkups or extensive repairs.

 

Regular maintenance can assist in reducing the cost of upgrading when it comes to hardware upgrades. Regular system analyses can identify the earliest signs of computer failure, allowing you to take corrective action before more severe damage occurs. Additionally, Tampa IT service providers will update customer software to the latest versions to ensure that up-to-date technology is in use.

 

Tampa IT professionals provide a broad range of services for customers seeking assistance with their computers and related devices, including the diagnosis and repair of common performance issues, data backup and recovery solutions, troubleshooting of software and hardware malfunctions, onsite computer troubleshooting and repair services for PCs, servers, and notebooks, flexible scheduling with extended business hours, 24/7 customer service, managed IT support tailored specifically to meet your needs, and cost-efficient yet reliable service solutions that are under evaluation by the City of Tampa, such as cleanings and maintenance services for outer door hardware or locks, re-bid facility boiler grate parts, secure data backup and recovery solutions, network setup and design, remote and on-site technical support.

 

You needn`t look further than our team at Tampa IT Services, whether you`re looking for routine maintenance or an entire overhaul of your system`s infrastructure! With our professional expertise combined with our extensive range of services that can be tailored specifically to meet any requirement, we are confident that we can get your business up-and-running swiftly while providing cost-effective solutions along the way. Contact us today!

Keeping Your IT Infrastructure Current And Reliable

If you`re seeking reliable and current IT services in Tampa, FL, look no further than Tampa IT Services. Our team of professionals provides expert guidance for selecting the right servers, software, and hardware for your business. We offer a broad range of services, from cloud hosting to managed backups, ensuring your data is safe and secure.

 

Tampa IT Services prioritizes the security and safety of your data, implementing protocols to protect it at all times. With our remote monitoring and 24/7 support, your business infrastructure is continually under our watchful eye. Our team can provide assessments tailored to businesses of any size.

 

We provide proactive managed IT services, including system monitoring, helpdesk support, and expert advice and strategizing for your business to stay updated and productive. If you require computer repair services in the Tampa Bay area, don`t hesitate – our experienced technicians can diagnose and resolve problems promptly.

 

Finally, we offer cloud-based services such as cloud hosting or Office 365, enabling you to stay current with the latest version of your business infrastructure and access it from any location. Contact us at 813-513-9849 or info@mytampait.com today to learn more about our services.

Data Security And Backup Options

Having a reliable data security and backup plan in place is essential for any successful business. Tampa IT Services can help you protect your organization from cyber threats, provide managed IT services, and offer expert advice to ensure that your systems remain up to date and productive. Data backups are one of the most important components of any data security plan. Regular backups help to keep your data protected from unauthorized access, use, change, disclosure, or destruction. With Tampa IT Services` backup solutions, you can choose the best option for your storage needs as well as personal preferences and technology comfort levels. Our team will work with you to develop an effective protective plan that meets all of your requirements. We offer 24/7 availability for IT problems and service inquiries as well as on-site services for businesses located in the Tampa area. Our team is dedicated to providing top-notch customer service. We will help guide you through best practices for implementing a reliable yet cost-effective backup solution tailored specifically to meet the needs of your business. Furthermore, our team is here to provide proactive managed IT services such as automated system monitoring along with strategies and advice on how best to protect yourself from potential cyber threats like malware or ransomware attacks. For more information about our secure data backup options or if you have any questions about protecting your business from potential cyber threats, please contact us at 813-513-9849 or email us at info@mytampait.com – we`d love to hear from you! You can also send us a message directly through our website where one of our experienced consultants will be more than happy to assist with any inquiries regarding Tampa IT Services` managed security solutions!

Network Installation And Troubleshooting

Looking for professional installation and troubleshooting of networks in the Tampa Bay area? Look no further than Tampa IT Services! We are a trusted provider of IT services and computer repair in Tampa, FL. Our experienced technicians offer fast response times and reliable solutions to diagnose and fix any network issues quickly, reducing downtime.

 

With our network installation services, we can improve your network performance and stability. We have the skills to install new networks or upgrade existing ones to ensure they are secure and up-to-date. Our continuous monitoring and maintenance services keep your system running smoothly 24/7, while our data recovery solutions can help recover any critical data lost due to hardware failure or other unforeseen events.

 

Beyond our installation services, we also provide on-site computer troubleshooting, upgrades, and repair services for PCs, servers, notebooks, and more. We understand that time is crucial when it comes to IT problems, which is why we offer flexible scheduling options with extended business hours to get you back up and running as soon as possible.

 

In addition, our managed IT services provide comprehensive helpdesk support with automated system monitoring for maximum efficiency, expert advice on strategizing for your current IT systems, secure data storage solutions, and professional technicians who can quickly diagnose any problems. Our affordable prices come with customer satisfaction guaranteed.

 

Tampa IT Services can revolutionize your business`s technology infrastructure with our top-notch service offerings. Contact us today for more information.

Non-Intrusive Solutions For Repairing IT Systems

Are you searching for non-intrusive solutions for repairing IT systems in Tampa? If so, Tampa IT Services is the perfect choice. Our experienced professionals are well-versed in identifying and troubleshooting IT problems quickly and efficiently.

 

We provide a variety of services that help keep your business data safe and secure. These include implementing remote backups and assessments, conducting routine maintenance checks, providing emergency support services, teaming up with experienced professional IT experts, utilizing sophisticated non-intrusive repair solutions, offering 24/7 technology support, providing proactive managed IT services to keep your systems up to date and productive, helpdesk support, automated system monitoring, and expert advice.

 

Our top-notch computer repair services in Tampa Bay FL are provided by our experienced professionals who offer a full range of IT solutions tailored to fit the needs of your business. We also provide 24/7 remote or onsite support for any hardware or software issues you may encounter. We provide data storage solutions too such as secure networks with firewalls plus malware protection along with regular system maintenance updates to ensure peak performance at all times.

 

If this sounds like something that could benefit you, then don`t hesitate to reach out today! You can contact us at 813-513-9849 or info@mytampait.com for more information about how we can help resolve any computer repair issues you may have!

Full-Service Technology Support Services

Looking for comprehensive IT services in the Tampa Bay area? Choose Tampa IT Services! Our services include software, hardware, and server management, disaster recovery plans, and proactive measures to optimize efficiency and reduce costs. We offer scalable, cost-friendly managed IT support, onsite and remote computer services, and expert consultation. Our proactive care plans keep systems up-to-date and productive, and we can integrate email, cloud systems, and small business networks. All our solutions come with secure data protection. Choose Tampa IT Services for full-service technology support customized to your needs. We guarantee satisfaction and our services are available 24/7.


Read MoreRead More

Become A Texas Business BrokerBecome A Texas Business Broker

August 31, 2021August 31, 2021| Robbin RasonRobbin Rason| 0 Comment| 12:00 am

It likewise takes place to be the case that these intermediaries are the ones more most likely to have a sector specialisation or 2. Read our longer article on why you need a sector professional to get the finest rate for your business. We are the only ones who have a detailed list of which brokers specialise in which sectors out of the 1000+ business brokers in the UK: To Leading 7.

Some charge a charge if you take your business off the market. With Knightsbridge (KBS) that cost is apparently 1,000). We strictly do not advise making use of any no-sale-no-fee brokers. If your business is too small to justify the fees for a proper broker, our recommendations is to sell business yourself.

What Does A Texas Business Broker Do?

Taking a retainer is part compensation for that time however likewise proof, for them, that the customer is severe about offering and is not just `fishing around`. But there`s another factor: Quite simply, they charge a retainer because they can. If they are good at what they do then they remain in high demand. Ty Tysdal podcasts.

Have a mindful read of our page on how to select a broker. . Then get back and study our section listed below on good questions to ask a business broker. 8. Great questions to ask a broker, To Top, Below are some of the questions we recommend our customers to ask when interviewing brokers.

What Does A Texas Business Broker Do?

With lower end brokers it`s not uncommon for a single person to sign you up, get his commission, and hand you over to a bunch of badly trained, call centre staff! It`s an excellent concept to request for the name/s of the person/s who`ll be managing your sale and who`ll be upgrading you on development.

When you ultimately sign the agreement ensure that the terms match exactly your understanding of their charges. A trade sale may not be the finest alternative however brokers who have no experience in, state, Management Buyouts, would seek to guide you to the exit that pays their commission. Take names, titles, experience and qualifications of the individuals who`ll be involved in offering your business.

What Does A Texas Business Broker Do?

Brokers normally worth organizations themselves arguing that their vast experience with genuine life mergers and acquisitions puts them in a much better position than accounting professionals. Maybe, perhaps not. Bear in mind that a broker has incentive to pump up the rate in an attempt to get your instruction. An unrealistically priced business will put purchasers off.

How often does he list a company at one rate and after that advise to the seller six months behind the rate needs to be decreased, followed by another reduction when even that rate does not work? How much of work will they be doing, what work, and how will they keep you upgraded? Do you discover those CIMs well composed, convincing, professional? If you were a company buyer would the teaser lure you in? Where will they be promoting your business in … and for for how long.

What Does A Texas Business Broker Do?

Get an idea of the normal size of the customer organizations they sell and the sectors they specialise in. Their understanding of and track record in offering your type of business is what you`re after. To Top9. Working out rate and terms with a broker, A lot of brokers are open to a little bit of negotiation on fees and wehave actually put some tips together for you however, unfortunately, you`re not in a position to work out the finest rate, are.

But wehave actually put some tips together for you anyhow. Please discover them here. To Top10. What to keep an eye out for in the broker agreement, Prior to he acts for you the broker is going to want you to sign an agreement. The agreement may be called by lots of names – engagement letter, instruction letter etc

What Does A Texas Business Broker Do?

Often the “letter” terminology makes business owners complacent and they continue without independent legal recommendations. That`s a major error! Some hard-sell brokers pressure business owners to sign earlier rather than later on and even supply incentives to motivate an on-the-spot decision. . However, even the genuine, respectable brokers are going to have contracts that are prepared to secure their interests not yours.

There is none! Cooling down durations exist to secure consumers, not organizations. This is a company to business agreement. Even if you sign the agreement in your own name rather than as business owner, you may not have the ability to count on that in court to justify pulling out of the agreement within the 2 week period.

What Does A Texas Business Broker Do?

A Power of Attorney gives the broker the power to accept or decline deals on your behalf. You may want to guarantee the agreement states he`s acting just as a representative. He can enter negotiations on your behalf & accept figures and terms provided he makes clear to the financier that it`s provisionary & subject to your final approval.

Read MoreRead More

9 Useful Ways How Online Magicians Captured The Headlines during Pandemic using An Illusionist9 Useful Ways How Online Magicians Captured The Headlines during Pandemic using An Illusionist

December 14, 2022December 14, 2022| Robbin RasonRobbin Rason| 0 Comment| 7:07 am

Take a look at magician Jon Finch`s live-streamed magic show
to experience a live zoom magic show for corporate events.

How could a virtual meeting ever be ten times as good as an in person party?

Virtual magician Jon Finch`s
mind boggling mind-reading
and his fun sleight-of-hand magic in
his Zoom magic show will spellbind your remote workers at your virtual event whether it`s on Zoom, MS Teams, Webex, Hopin, Google Meet, or maybe even google hangouts,.

Zoom professional magician and mentalist

Jon Finch can take care of all the virtual entertainment at any virtual event, also.

You`ll get the clapping you have actually truly wanted to have at your coming party. Thanks to the interactive zoom magic experienced illusionist Jon Finch. But I get it. Almost everyone during corporate functions is worn out and aspires to get back into their real living. During your coming celebration, thanks to the fabulous virtual magician Jon Finch, you`ll have the gratitude you are entitled to.

Illusionists like Jon Finch have risen to virtual fame via his popular virtual shows. How his performances came together and how he`s altered the magic industry for all time. While most live events found it challenging to find a way to work smoothly during the pandemic, Jon Finch has been mystifying hundreds of virtual attendees with illusions bespoke for Zoom. When all the world seems caught on loop, mysterious items appearing in your own home, depth-perception illusions, and mind-boggling mentalism are a vital jolt of fantasy in a time of lockdowns. Zoom magic shows are an ideal solution in the pandemic.

Jon Finch, a really celebrated prestidigitator, has really been really occupied delivering magic to the people simply by putting on mind-boggling remote presentations through the course of the COVID-19 pandemic. Currently, he is really proud to be granting a 50% coupon to all of the vets as well as healthcare professionals to thank all of them for their duty and even respect people who have possibly supported him ever since the beginning.

Where usually it could take several years to create new tricks or stage show, they were compelled to come up with the idea in weeks. All magicians have agreed that they would love to return to the performance of in person shows, however, the popularity of these shows–along with a growing remote workforce and technological advances–has shown that virtual magic will become a regular element of the business.

Magic for Corporate Online

Enhance staff member resolve in your corporate culture using the absolute most inspiring and even amusing Zoom magic performance that really strengthens remote team members in a fun as well as interactive process. You can most likely adapt any type of team of any scale. Start right away to build up more committed remote teams.

It`s a live magic show… only for those who are over Zoom. You, your friends, family, and colleagues can come together for an incredible experience but without leaving your house. Everyone at corporate events are looking for new and fun activities to take part in using Zoom (or via WebEx, Google Meet, or on Microsoft Teams). You`ll be able to get the applause you`ve always wanted to hear at your event thanks to the interactive magic zoom show professional magician Jon Finch.

There is something that everyone can take pleasure in. An amazing show on Zoom that will astonish you and your people.

The virtual magician`s enchanting performances are based on his unique blend of expert sleight of hand, science of the mind, and first-rate showmanship.

The 17 Surprising Ways How Zoom Magic Shows Are Selling like Hotcakes

Master Illusionist & Mind Reader Jon Finch magic show blends mind reading and technology to create a genuine zoom magic show. This interactive program benefits everyone, including your guests, your business, and colleagues. The Virtual Magician Jon Finch`s live online magic show is lively and engaging on any virtual platform. People and organizations around the world use psychology for their virtual events, private parties, mind-blowing live webinars, video conference and more.

Zoom Magician Jon Finch presents, The Miracle Man! His online magic shows. Jon Finch is one of the most skilled virtual magicians in the western hemisphere. He has seen everything, and is ready to entertain your guests an experience they`ve never seen before. Your guests will enjoy watching the magician`s virtual performance perform his tricks on their screens and will be able to see the cards being signed and chosen. There`s no doubt that the Miracle Man`s online magic spectacle will have your attendees awestruck and way more amazed! He presents an incredible 15-90 minute virtual experience for you online, with amazing illusions and mind reading.

A Mentalist at Our Virtual Event?|Delighting Virtual Team Building Activities…What`s The Trick? Magic!

As an event coordinator, one can`t go wrong by selecting Jon to deliver his incredible virtual magic to your corporate and business function. By simply doing so, you will most likely ensure that your workforce scores the activities these professionals ought to have and even leave feeling much more connected as workmates along with even good friends, learning even if they are usually not really gathering face to face, they are normally yet all in this together doing business toward the exact same issue. The team will likely furthermore leave feeling a further notable bond to your institution in its entirety, therefore, it is normally a win-win!

It`s more than a virtual magic shows. Even more impressive:
Jon Finch is a Colding Reading Mentalist, too.And one of the only world class mentalists in the country. He can read your mind from thousands of miles away. That`s why his sold out virtual show has engaged so many top companies worldwide.

Read MoreRead More