Demystifying Your Mortgage
Secrets, Tutorials and Demystifiers
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The videos, audios and reports below are from the Mortgage Moment series dedicated to helping borrowers understand the complex matrix of Real Estate Mortgages. Additionally and perhaps more important, is the information, secrets and pitfalls to be aware of that many Mortgage Sellers try to snare you with. We're dedicated to helping borrowers get the best rate. That means receiving the mortgage loan that best suits your needs and goals and not the back pocket of a mortgage lender. |
| The Basic or Standard Mortgage: What does the 30 yr Mortgage look like and how does it work | ||||||
| Mortgage Burning Party | Mortgage Burning Parties. What are those? Ask your mom and dad. Here we show you graphically the basic 30 yr fixed rate mortgage and why you just might want one. . . or. . . | |||||
| Mortgage Alternatives | Here I graph out the alternatives to 30 yr loans or Mortgage Burning Parties. Here, I graph the advantages of shorter term mortgages and why you just might want one. . . and why you may not. | |||||
| Mortgage Building Blocks | We look at the building blocks of all loans…Fixed rates and Adjustable Rate Mortgages (ARM). All mortgages are one of these or a morph of them. | |||||
| Mortgage ARM Basics and Components | How do you determine your ARM interest rate? Margins, Indexes and CAPs. CAPs are the limiting factors of an ARM. These limiting factors help you calculate the short term and long term risk of an ARM. | |||||
| Mortgages are Investments | Mortgages are actually investments for someone. Here we look at the different terms and corresponding rates. We discover that there is really only one loan to an investor because investors look for yield. | |||||
| Recasting Mortgages |
Recasting can more than ruin your day. If you have a NegAm loan, you have to understand this concept. NegAm loans are powerful tools and MUST be used correctly or else it can rear its ugly head and cause your payment to double, triple or just explode. |
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| I outline the basics of loan application types, which few people know and fewer understand. New scrutiny has been placed on SIVA or Stated Income loans that can greatly affect the qualifying…or not qualifying for many borrowers. | ||||||
| The Joy of Choice: App Type Part B | In Part B, I go over some of the key points of SIVA applications. What to look out for and a resource for helping you hear…Approved! | |||||
| Payment Shock Options | What if my payment balloons up significantly…often called, and properly so, “Payment Shock?” I offer 3 options you can pursue if your Mortgage payment takes off like or Rocket or you're facing a possible default on your payments. | |||||
| ARM Truth | Why did I get a dramatic rise in mortgage payments. What happens at the conversion date. What should I have been told about ARMs (Adjustable rate Mortgages)? | |||||
| Foreclosure Timetables | Avoid missing mortgage payments. It’s the worst mark you can have on your credit report. But if you do, here’s what’s going to happen to you. | |||||
| Foreclosure Timetables Part B |
What to do if you know you can’t or won’t be making your mortgage payments. Here, we examine the timetable which dictates the options you have available. |
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| Interest Only Loans | We will look at the Interest Only loan. What are the differences and what are the drawbacks and benefits to such a loan. | |||||
| Allure of Starting payments |
Starting payment possibilities of the major types of loans - ARMs, Option ARMs, Interest Only and long term fixed. Something really stands out here. |
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| Option ARM: Payment Options |
The payment coupon of Option ARMs are often grossly misunderstood and abused. Learn to navigate the often confusing statement and quickly discover the important numbers to track and calculate…to avoid later gotchas that hurt. |
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| Option ARM: Payment Coupon reveals truth | discover many critical aspects of not only your payment options (Hence the name – Option ARM) but also the direction your loan is taking. We also illuminate the critical dates and amounts you should be monitoring. | |||||
| Option ARM (PPP): Opportunity or Warning |
The Pre Payment Penalty (PPP) in an Option ARM is a feature with give and take to it. How much is at stake for you. This is one area that mortgage lenders take advantage of borrowers. DO NOT miss this information as it has cost many borrowers $20,000 and more. |
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| Option ARM Hybrid |
The HYBRID Option ARM (or NegAM for some of you) offers options that enable borrowers can take advantage of Fixed rates and Optional payments. |
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| Option ARM: The True Rate | The True Rate of an Option ARM “This seems too good to be true.” Many don’t realize - and are rarely told - that Start Rates (truly called Minimum payments) are not the real rate or true rate. | |||||
| The Mortgage Meltdown: Part A |
The 2007 Mortgage Meltdown hasn't ended Mortgages, but there are some changes and you want to be aware of them and know what to prepare for. |
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| The Mortgage Meltdown: Part B | Who is to blame for the Mortgage Meltdown of 2007? How do you deal with it. | |||||
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The Complete Demystifying Your Mortgage Information and course is available at : http://www.understandingyourmortgage.com You will save thousands on your mortgage and increase your overall wealth with these tactics, secrets and on-going information. |
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SeeBrook: 1100 Irvine Blvd 795, Tustin, Ca 92780 714.553.4225 |