The 3 C’s of Underwriting Mortgage Loans

Posted on Mar 18, 2015

by Karyl Smith of Alcova Mortgage Buying a home is the single largest purchase most people will make. It’s huge! For this reason, I prefer to meet with my clients up to a year ahead of purchasing. Why? If all is good, wonderful! We will begin the countdown of the timeline. If anything needs to be tweaked, then we have time to come up with a workable game plan. There are 3 very important components involved in getting a mortgage loan approved. They are: Credit – your credit score, any delinquencies, account status and account usage. Capacity – your debt ratios, monthly income compared to housing payment + other monthly debt Collateral – the property you are buying –the cost, what type it is, what is its primary use and how much you are putting down. GREAT CREDIT SCORES GIVES HOMEBUYERS OPTIONS! What affects credit scores?   How much revolving credit you have available to you versus how much revolving credit you are using. It’s best to keep debt to credit ration at 30% or lower. Example: Joe has a Visa credit card that has a high credit limit of $1000. He uses this card on a regular basis to pay for gas and groceries. His goal is to keep the balance of that Visa account at or under $300 each month.   How many cards have balances? Eliminate the balance on some of the low balance cards and it will help increase scores. Once you have those small balances paid down to $0, keep card open. Never remove old debt that was paid well from your credit history.   DO NOT be seen as a credit risk! Do not miss paymentsDon’t charge more than what is “the norm” for you Don’t take cash advances on your credit card These actions might signal a change in your finances that could be concerning to creditors. Other events that might affect your credit score: City fines Parking Tickets Back Taxes Unsettled Accounts such as Utilities REMEMBER, GREAT CREDIT GIVES HOME BUYERS...

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Whole Food Nutrition

Posted on Jan 16, 2015

Presented by John Robinson A Paradigm Shift There is a paradigm shift taking place in our culture about health. We are moving from illness care >> wellness care. From doctor’s having primary responsibility >> individuals taking personal responsibility From driving our bodies until they break down >> performing regular upkeep & maintenance From expecting the insurance companies and the government to figure out how to pay for health care >> looking to ourselves to be informed & proactive consumers. Number of factors at work Expense of insurance. 13.4% increase BCBS. The cost is so serious the government feels justified in fining people without insurance $700 in 2015. People just do not feel well. Families are dogged by nagging health concerns. Eczema, auto-immune, asthma, allergies. For 2 decades the media has been getting out the message about F & V and it is getting through. Awareness has changed people’s buying habits: Whole Foods, farmer’s markets, buy local, eat fresh. Any grocery store worth it’s name has organic produce. Vitamins are so 90s. And research now tells us they do more harm than good. Drugs are expensive and the side-effects are horrendous. Stroke, liver disease, blindness, heart attack, paralysis, death. I don’t know about you, but some of those sound serious. Smoothies and juicing are trendy. What is Juice Plus? Whole food nutrition Fruits, Vegetables, Berries – 30 different Capsules, soft chews Smoothie powder Nutrition bar Why is it important? People don’t get enough micronutrients and antioxidants Our health report card in America is poor Prevention Protection Better delivery system Catalyst for the changes people want to make What assurance of effectiveness & quality does it carry? 32 clinical research studies The CHS results Tested at every step of production Certifications: NSF, Non GMO, Gluten Free, Kosher, Parve How does it compare to multivitamins? Supplements? Drugs? Food? Thousands of nutrients in synergy vs. isolated Side effects are beneficial, not hazardous Good food Save time and money What results do people typically report from consuming JP? More regular Fewer colds More energy Fewer missed days of school or work Athletic performance Improvements in allergies, asthma, auto-immune symptoms Better workouts, better recovery Weight loss Better mood, better focus Improvements in skin, hair, gums, nails Eating better, drinking more water Decrease in prescriptions and doctor visits Catalyst for changes that people want to make I could go on – you get it. Our society is being served a wake-up call and one by one, people are hearing it. Change curve. Many of the innovators are on board. It is the early adopters and some of the early majority that I would like to meet. There are dozens of people around us who are right now waking up to the need. I would like more of your help. And to get more of that help, I need to lower the bar. How to identify these?...

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Twas the Night Before Christmas (The Legal Version)

Posted on Dec 19, 2014

(Author Unknown) Brought to our attention by Darin Meece of Brock and Meece Whereas, on or about the night prior to Christmas, there did occur at a certain improved piece of real property (hereinafter "the House") a general lack of stirring by all creatures therein, including, but not limited to a mouse. A variety of foot apparel, e.g. stocking, socks, etc., had been affixed by and around the chimney in said House in the hope and/or belief that St. Nick a/k/a/ St. Nicholas a/k/a/ Santa Claus (hereinafter "Claus") would arrive at sometime thereafter. The minor residents, i.e. the children, of the aforementioned House, were located in their individual beds and were engaged in nocturnal hallucinations, i.e. dreams, wherein vision of confectionery treats, including, but not limited to, candies, nuts and/or sugar plums, did dance, cavort and otherwise appear in said dreams. Whereupon the party of the first part (sometimes hereinafter referred to as "I"), being the joint-owner in fee simple of the House with the parts of the second part (hereinafter "Mamma"), and said Mamma had retired for a sustained period of sleep. (At such time, the parties were clad in various forms of headgear, e.g. kerchief and cap.) Suddenly, and without prior notice or warning, there did occur upon the unimproved real property adjacent and appurtent to said House, i.e. the lawn, a certain disruption of unknown nature, cause and/or circumstance. The party of the first part did immediately rush to a window in the House to investigate the cause of such disturbance. At that time, the party of the first part did observe, with some degree of wonder and/or disbelief, a miniature sleigh (hereinafter the "Vehicle") being pulled and/or drawn very rapidly through the air by approximately eight (8) reindeer. The driver of the Vehicle appeared to be and in fact was, the previously referenced Claus. Said Claus was providing specific direction, instruction and guidance to the approximately eight (8) reindeer and specifically identified the animal co-conspirators by name: Dasher, Dancer, Prancer, Vixen, Comet, Cupid, Donder and Blitzen (hereinafter the "Deer"). (Upon information and belief, it is further asserted that an additional co-conspirator named Rudolph may have been involved.) The party of the first part witnessed Claus, the Vehicle and the Deer intentionally and willfully trespass upon the roofs of several residences located adjacent to and in the vicinity of the House, and noted that the Vehicle was heavily laden with packages, toys and other items of unknown origin or nature. Suddenly, without prior invitation or permission, either express or implied, the Vehicle arrived at the House, and Claus entered said House via the chimney. Said Claus was clad in a red fur suit, which was partially covered with residue from the chimney, and he carried a large sack containing a portion of the aforementioned packages, toys, and other unknown items. He was smoking what appeared to...

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Retain More Revenue – Tips From an Expert

Posted on Dec 10, 2014

The Triangle Business Builder’s credit card processor Matt Yablunosky recently gave this slideshow during his 10 minute presentation of the types of services he can provide and examples to whom he has provided it. Matt’s compelling and concise approach taught us how every merchant who accepts credit card payments must first pay the folks at Visa, MasterCard, Discover, American Express, etc. a “wholesale” interchange rate.  This rate is determined by the type of card given for payment, whether the card was swiped or keyed, and lastly the dollar amount of that transaction. The remaining fees absorbed by the merchant get paid directly to a processor (like Matt) as “retail” markup.  These highly negotiable processor imposed fees are determined by the merchant based upon the value they assign to the benefits provided by their processor to support their credit card acceptance operation. Come join us each Thursday AM for strategic, industry insight from some of the Triangle’s best in class providers. Contact Matt: Matt Yablunosky Independent Credit Card Processor Axiom Payment Solutions, Raleigh-Durham, NC (M) 919-247-8823...

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Define Your Messages or They Will Define You

Posted on Nov 14, 2014

by Mike Davis, Online Business Development Coordinator for the Triangle Business Builders At today’s online business development workshop, I asked everyone to please put their company name into Google and see what came up. This is something far to few of us do, even though it’s really valuable information. Unlike search engine marketing where you’re putting specialized terms into Google to see if your business comes up, this is more for people you probably already met or spoken to in some other context who just want to get some more information about you. Everyone I asked today found at least something about themselves on page one. That’s what I would have expected unless you are brand-new or are putting some type of effort into keeping yourself hidden. What I wanted to point out was – what is it that is showing up? And in what order? Once you know this if you don’t like the way things are showing up you can begin to work on changing what those things are. For example, if you have to get the page 2 to see any reviews about your company I would suggest putting effort into getting more reviews so that Google is likely to make that more relevant. Remember, if someone is checking you out, they are not at the point where they are ready to make a decision, or want to feel better about what decision they are leaning towards. Things that make them feel better about your business are always helpful. So, what I would suggest if you weren’t there today, or have just come across this post is to take a moment and put your business name into Google and see what shows up. It’s better that you find out how you’re being represented and rather than to just sitting out there without any control or direction from...

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