I can tell you from personal experience, my referrals to the group have more than doubled ( At least 5 per week ) since last fall.  My clients have learned that all my referrals are top notch.  No more shopping for a service.  KCNG’s mission statement says it all.

“The mission of the Kansas City Networking Group is to grow the business of every KCNG member through the exchange of qualified referrals.  Based on a thorough understanding of each other’s business offerings and practices, we refer existing clients and new prospects to members confident that their needs will be satisfied in a highly professional manner.”

We need some more small business owners we can trust to check us out.

Ron Yarbrough - Kansas City Mortgage Expert
http://www.RonYarbrough.com

What is going on?  All we hear on the news is the financial markets are crashing.  The housing market is in dissarray.  Home Inventory is up to nine months.  Liquidity crisis is forcing banks out of business.

Well individuals need to make sound decisions concerning their finances and so do businesses.  We need to save 15% of our income for our future why don’t banks?  The last 10-15 years have been a windfall for banks and Fannie Mae, Freddie Mac.  Profits have soured.  What happened to that money?  Why don’t banks save for the rainy day. 

I try to coach all my first time home buyers to save for the rainy day.  It still rains, despite global warming. 

Ron Yarbrough - Kansas City Mortgage Expert

http://www.RonYarbrough.com

Maybe you have heard that Citi Mortgage is needing some cash.  Citi is huge, how could they possibly need money.  They are a part of Citi Group which, if you look at your current loans you will see them everywhere.  Credit Cards, charge accounts, student loans, consolidation loans, home equity loans, mortgage loans, and the list could go on and on.

What does this mean for you the consumer, the Real Estate Professional, The mortgage professional?

It really means nothing.  To the investor that would be a different story.  I think there is no better time to buy a home.  Hopefully you can hold for a couple years to sell high.  Buy Low, Sell High…

Ron Yarbrough - Kansas City Mortgage Expert

http://www.RonYarbrough.com

As a Certified Mortgage Planner I always try to help my clients understand how their home works as an investment.  In today’s market Home Owners and First Time Home Buyers need to look at their home as a long term investment.  You can buy at reasonable prices and get locked into a reasonable rate.  Working a plan for the future with a Mortgage Planner you will be able to get your investment to perform over the long term.  During the last 10 years we have seen the consumers spend their equity and have sacrificed their financial future.

I feel we will see interest rates dip for a little while but if First Time Home Buyers are gambling on hitting the low for both rate and home prices they are going to loose.  Even the experts cannot hit the low. 

If you have any clients out there that are wasting your time shopping without knowing their financial options, you need to get them with a certified Mortgage Professional. 

Ron Yarbrough - Kansas City Mortgage Expert
http://www.RonYarbrough.com

Fha will allow anyone who can afford a 6.5% Fixed Interest Rate to Refinance out of a high interest rate ARM.  The qualifications for the Fha Secure program are:

1.     You must be currently delinquent because of the adjustment on your mortgage rate.
2.     You must be able to qualify for a good Mortgage with your income and other obligations.
3.     The loan to Value can be up to 97.75% of your homes value.
4.     Second mortgages above 97.75% must allow a subordination.
5.     Short pays can be negotiated with current lender.

If you want to keep your home instead of putting the keys in the mailbox.  Contact

Ron Yarbrough - Kansas City Mortgage Expert
http://www.RonYarbrough.com
913-747-3234