News and Tips

Identity Theft

23 Jun , 2011  

A few steps may help reduce your chance of becoming an Identity Theft victim!
1. Check on Credit/Debt cards statements daily- if possible twice a day is even better!
2. When possible, go in the bank to make cash withdrawals, but if you have to withdraw money from an ATM then do the following. Shake the slot were you slide your card; if the slot moves do not slide your card in. Put your hand over the keypad while typing your pin number.
3. Run an annual free credit report from all 3 major reporting agencies but split getting the reports in 4 months alternating the reporting agencies.
4. Children 14 and younger should also have an annual credit report obtained as they are often victims.
5. Identity Theft is not only going to affect your credit but it could also affect you with criminal acts.
6. If your insurance company offers any kind of Identity protection, make sure it is added to the policy. State Farm’s Identity Restoration only cost $25.00 a year. You are assigned a case manager that will help you every step of the way.
7. Identity Restoration does not pay the debt but it will help cover the cost of attorneys and other expenses coming from someone taking your identity. ...read more!

News and Tips

The true cost of cheap websites

6 May , 2011  

I don’t think a week goes by that we don’t get an inquiry where the client admits that they’ll go with the cheapest quote. A few days ago I had one such lead where I gave a ballpark price and the response was, “Oh, but apparently some people can do that job for $1500.” The fact of the matter is anyone claiming to be cheap isn’t going to be any good—and the staggering amount of people out their brazenly offering “cheap websites” only compound the problem, making people think if you’re paying the kind of rates a true professional would charge, you’re being ripped off. ...read more!

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News and Tips

Five to Ten Financed Property Program

4 May , 2011  

Clients buying a Primary Home using a Conforming loan can have up to 10 financed properties including the new purchase. Most people think the maximum is 4 financed properties when the subject is a Second Home or Investment Property.

Think again!

Cunningham & Company Mortgage has a 5-10 Financed Property Program for individuals buying a residential Second Home or Investment Property. Some of this program’s special guidelines over and above the usual Conforming guidelines are:

*Maximum 75% Loan to Value on purchases, 70% Loan to Value on refinances
*Minimum 720 credit score
*Extremely clean credit – no bankruptcy, foreclosure, mortgage late payments or other derogatory history
*6 months reserves for each financed property including the new purchase ...read more!

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News and Tips

Life Insurance Q&A 101:

29 Apr , 2011  

Question: Why do I need life insurance?

Answer: To protect your loved ones from financial hardship and complete financial ruins

Question:  I can’t afford life insurance.

Answer: Yes you can! We can work with any budget (some life insurance is better than not having any life insurance at all!)

Question: How can I afford life insurance when I lost my job?

Answer: How bad would it be for your family if you die and have no life insurance? If you are in a bad situation now just imagine how bad it will be for them if you don’t have any life insurance? We can work with you to help you obtain life insurance! ...read more!

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News and Tips

Useful Home Sales Tool: 2-1 Buydown

21 Apr , 2011  

Have a tired listing? Maybe a 2-1 Buydown will attract new prospective buyers.

Benefits:

Sellers maintain the home’s price and offer a strong competitive advantage.
Qualified Buyers receive a lower interest rate in the first few years of home ownership, giving them an initial lower payment with no surprises
In some cases, buyers can qualify at the lower bought-down rate – a great feature for buyers who anticipate rising income in the first years of the loan.
A wide variety of fixed rate and fixed period Arm loan programs allow Buydowns.
Example: ...read more!

News and Tips

Convert an existing primary home to a rental property

31 Mar , 2011  

Did you find your dream house before selling your existing home? Are you hesitant to put your house on the market now because of reduced appraisal values? There are several ways to turn your current home into a rental property and qualify for another Conforming home mortgage ($417,000 or less).

1) If you have 30% equity (per recent appraisal) in the current home and want the rental income to help offset your debt, you need a 2 yr history (per tax returns) of managing rental property. Your lender will ask for a copy of the fully signed rental agreement, security deposit and deposit of security deposit to your account. You’ll need to have at least 2 months of the total payments (PITI) of both the rental and new home in reserves (in addition to what you will need to close on the new home). ...read more!

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News and Tips

5 Tips For An Effective Video

17 Mar , 2011  

Here are 5 tips to create an effective video to market your product or company:

1. Have a focus and a plan

Don’t just pick up a video camera and start filming.  Your video has to have a clear focus, so sit down and plan what it is you will use your video for.  Then come up with a “storyboard” of how your video will flow.  Your video needs to tell a story, and that takes thought and planning.

2. Highlight Value

If you are making a marketing video and you want the viewer to use your company or service, you must show them why it is a value to them.  Just showing them what your company does or what service you provide us just that- showing them.  Let them see why and how your product or service is better, show them why you are better. ...read more!

News and Tips

Tips on Exterior Wood Painting

17 Feb , 2011  

Lowe’s home improvement expert, Mike Kraft, shares advice on how to prepare your wood home siding for painting. Learn more about scraping, cleaning, patching masking, and priming for exterior paint jobs.

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News and Tips

Tips for selling your home faster

17 Feb , 2011  

With all the news about the market being saturated with homes and the recent decline in house prices, many people are wondering what they can do to sell their home faster and make it stand apart from all the others on the market. Worry no more! There are many things that you can do that cost little or nothing. Many times it’s just a matter of a bit of elbow grease and hard work.

Location and Price

When buyers are ready to look for a home they many times will start their search from their computer. Buyers will go to their favorite real estate website and type in their parameters. How much they can afford to spend on a home, how many bedrooms, baths and location. From here they receive hundreds of potential properties. This is why it is very important to talk with a reputable Realtor® so they can help you price your home competitively. They will look at many variables like what comparable properties have sold recently in your area, how long were they on the market and what they think your list price should be. This is where having an experienced Realtor® is important.
Pictures and description of your home ...read more!

News and Tips

8 Reasons to Stage Your Home

8 Feb , 2011  

8 Reasons why you need to stage your home

1.    It takes some of the emotion out of the sale and turns it into a business transaction – for both parties.

2.    Staged homes show better and are more visually appealing to buyers. Buyers can easily imagine living there, and may be mentally arranging  their own furniture while  touring the house.

3.    It makes a home look clean, well-maintained, contemporary rather than dated, and in tip-top shape

4.    Semi-empty closets, cabinets, and rooms look bigger and roomier, and having a few objects in place gives buyers a better idea of overall dimensions. ...read more!