Exciting New Stuff for Legacy Lending Group

by joswald 20. October 2009 13:15

We've worked very hard over the last challenging year to not only maintain business, but actually grow our firm.  With that in mind we're excited to announce what is new and exciting

for Legacy Lending Group.

 

We were approached in March with an opportunity to be a part of a local financial radio talk how. The host and planners of the show have done business with Legacy Lending Group and were encouraged by our business philosophy & practices. They invited us to join their team as they felt we would be able to add value to the show.  After a six month due diligence process, we have decided to participate in this venture.

 

The mission of the show is to provide financial expertise & information to a broad base of listeners leading to increased financial planning awareness and eventually financial security to those who listen and act on sound advice.  This is not a 'mortgage specific' show.  It will cover a great range of financial topics.  We feel strongly that you'll really enjoy the format and content.

 

The radio is a great medium to reach a broad audience. We are a part of a team of local experts that will also take part in this daily radio show, including a local financial adviser firm, a CPA firm, estate planning firm, and real estate professionals that are among the best in their field. An individual that hosted a financial radio show for the last eight years will serve as the full-time host of the program.

 

We hope you will consider tuning into the show yourself and providing any feedback you may have.

 

The show will be broadcast Monday thru Friday on 630 AM from 4:00 pm to 5:00 pm.

 

If you can't get it on your radio then log on and listen to it on-line.  http://www.580kido.com/pages/main

The deadline is December 1, 2009

by joswald 25. August 2009 01:12
Here's a fact that you almost assuredly will not have known previously:  There have been exactly 108 new lending or mortgage bills introduced into the US House and/or US Senate since April 1, 2009.

Honestly, I'd be shocked if you haven't read, studied, or in fact memorized some of these all too important informational documents (feel the sarcasm rising...).  I mean, how could you not be entranced by "H.R. 1575: End Government Reimbursement of Excessive Executive Disbursements (End GREED) Act"?  Or stay up at night reciting "H.R. 906: Housing Disaster Area Foreclosure Prevention Act of 2009"?

Listen, the list goes on and on (108 documents to be exact) with stuff that the common person really has no use for.

There is, however, one bill that has directly affected many, many people you know and for a short time yet, still affect many people you know.  

H.R. 1:
111th Congress
2009-2010
American Recovery and Reinvestment Act of 2009


You see...it's this little 'nugget' that gives all first time home buyers an $8,000 tax credit just for buying a house.  I know several people personally that have been able to buy their first home as a result.  I know you do as well.

Just think about the time you last spoke with a friend or family member who reminisced about owning their first home...the first time the baby walked, the time the husband burnt the first meal since the oven cooked faster, or not knowing how to set the automatic sprinkler system timer...all good times!   

Here's the kicker though.  There are several other people that are sitting on the fence, are worried that they can't qualify for a loan, or haven't even heard about this tax credit.  

The deadline for the credit is December 1, 2009.  The new home must FUND on or before that date in order to qualify for the credit.  What most people don't realize is that it can take up to 45 days to get from application to funding these days, which doesn't leave much time between now and December 1.

So, here's my question...who do you know that could use that $8,000 to buy their first home?

Forward this to them, then call me and I'll fill them in on the rest.

Thank you Mr. Clinton and Fannie/Freddie

by joswald 24. February 2009 13:25

We had a friend that forwarded us this article from the NY Times in 1999....remember that year way back when?

  NYTimes1999.pdf (166.76 kb)

Sometimes, by allowing our 'human side' to take over for our 'common sense side' bad things will happen.  In 1999 we were so worried that people weren't going to be able to live the "American Dream" of owning a home that we lowered the standards so that anyone that could fog a mirror could qualify for a loan.  Now the economy is suffering as a direct result of it.  I'm hearing a lot of the same rhetoric from the Federal Government currently on helping those people who bought at the market high and are now 'upside-down' in their houses.  The government is talking about forcing the banks to lower the mortgage amount so that people don't get financially damaged.

Im' curious to hear your input here...

 


What's more important, Rate or Satisfaction?

by joswald 19. December 2008 23:19
Am I the only one that's ever had this experience - you research and shop for a product, plowing through the web to find the best price. Inevitably, once you click the "Buy Now" button is when the problems start.

My last experience with this was during the Major League Baseball ALCS/NLCS broadcasts this year. Of course I was too cheap just to subscribe to the cable channels! I just knew I could find some kind of live feed on-line where I could watch the playoff games. After viewing several options I came across a TV-ANTS site where you could watch all the games for only $19.99! Are you KIDDING me? What a deal! Little did I know that the bargain didn't include my magic Chinese decoder glasses so I could see the game through all of the freakin' Chinese symbols and ads! What a ripoff! And to think, for an extra $5 I could have watched all the games through MLB.com's feed.

Does this happen in business? Dave and I were talking the other day and wanted to know what we had to do in order to provide an overall experience for our friends in order for the interest rate not to be the ultimate deciding factor. With the rates swinging daily by so much all too often we get the call..."Man, you guys are awesome, but my credit union can get me an extra 0.25%...sorry."  That's not a happy time for us.  Yeah, we want to close the deal and make a dollar or two, but more importantly it makes us feel like we've let a friend down.

So, I want to know your thoughts and suggestions. What would have to happen for YOU specifically in order to have the experience be more valuable than the rate?
Jason Oswald