Rent vs. Own
Shows a buyer the advantages of tax savings, appreciation, and principal reduction to lower the cost of owning a home.
It is suggested that both the buyer and agent agree upon a conservative, realistic estimated appreciation. Tax savings are based on the buyer's marginal tax bracket given to the agent.
Since maintenance would be handled by the landlord if the buyer were renting, an estimate of what might be reasonable maintenance is used.
If the Rate Goes Up
Calculates the increased payment required that a rise in interest rate could cause.
This analysis assumes that a borrower can qualify for a higher monthly
payment. If the borrower cannot qualify for a higher payment, the form shows how
much additional down payment is required if the rate goes up to purchase that
specific home.
2/1 Buydown
This illustrates how the home may be more marketable by offering financing concessions to the buyer rather than lowering the price.
This is a fixed rate mortgage with the buyer qualifying at the note rate. The seller would be pre-paying the interest in advance.
The buyer's first year payment would be based on an interest rate 2% lower than the note rate. The second year's payment would be based on an interest rate of 1% lower than the note rate. The remainder of the payments is at the note rate.
Adjustable Rate Comparison
This will compare an adjustable rate mortgage against a fixed rate mortgage to determine when the savings from the ARM will be exhausted in an effort to help the buyer determine the mortgage that will provide the least cost of housing. It assumes that the rate will adjust the maximum amount at each possible period.
Mortgage Payment
Conventional Payment
By entering a mortgage amount, interest, and
term, a mortgage payment is easily determined. If the taxes and insurance are
known, the full payment, principal, interest, taxes and insurance is determined.
Private mortgage insurance will be added if the loan-to-value is in excess of
80%.
FHA Payment
By entering a mortgage amount, interest, and term, a
mortgage payment is easily determined will include the MIP. If the taxes and
insurance are known, the full payment, principal, interest, taxes and insurance
is determined.
VA Payment
By entering a mortgage amount, interest, and term, a
mortgage payment is easily determined. If the taxes and insurance are known, the
full payment, principal, interest, taxes and insurance is determined.
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These presentations, forms, and graphics all help you create your point of difference with the competion by re-enforcing
the financial difference.
Customizable Buyer and Seller presentations illustrate the advantages of using a Residential Finance Consultant over other agents.