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Signing loan documents can be intimidating even for the most seasoned real estate professional. But things are even worse today because most Title Companies offer their clients the convenience of having a mobile notary bring the loan documents to their homes to get signed. That means the Escrow Officer is nowhere to be seen and most notaries don’t know enough to properly answer peoples’ questions. Without any way of getting clear answers, the signing process has become even more frightening than before.

As usual, a little knowledge goes a long way to reduce the fear factor. Certain forms are more important that others and an educated borrower can quickly establish if the documents meet their expectations or not. Unfortunately, it’s not uncommon for Mortgage Brokers to change little (and sometimes not so little) things right at the end of the process and many people end up with surprises when it’s clearly too late to make changes.

So let’s look at the specifics. There are two forms in California loan packages that are more important than all the others; the Estimated Closing Statement and the Note itself. If everything’s right on those two forms, the rest of the package will probably be fine as well.

The Estimated Closing Statement is usually at the top of the stack. It’s compiled by the Title Company and has their contact information on the top of the page. It’s usually on legal-sized paper and details all the costs and fees associated with the transaction. In most cases, there will be two columns going down the right-hand side of the page; one for debits and the other for credits.

You can think of the far right-hand column as the ’source of funds’ and the left column as the ‘use of funds’. So your new loan amounts will be listed on the right-hand side, along with any deposits or credits issued along the way. On the left-hand side, it will show either the old loans being paid off (for a refinance) or the money going to the seller of the property (for purchase transactions).

The left-hand column will also list all the fees of the transaction. These fees should closely correspond to the fees listed on the original Good Faith Estimate provided by your Mortgage Broker. You should immediately look at these fees to see if there’s something there you didn’t expect. Keep in mind that this list is the most recent and most reliable estimation of the final closing figures, and there are often unforeseen details that only pop up at this final stage. Some of those details come up through the title report. If there are delinquent property taxes on record, for example, they’ll have to get paid. There may be another lien on the property or the next tax installment might be due. These examples are unavoidable but there are others that may have been added at the last minute to boost profitability for the Mortgage Broker or the Title Company. These are the things you need to be wary of.

The Estimated Closing Statement will usually be broken down into two main sections; lender fees and title & escrow fees. All of the fees charged by OR through the lender will be listed in the first section. This is where you want to look out for the agreed upon origination fees and any points you decided to purchase. You also want to look out for inflated processing fees or other unexpected “junk fees” like administration fees or application fees that you didn’t agree to at the beginning.

This first section will also list the prepaid items being collected by the lender. Examples of these items would include prepaid interest as well as reserve funds for an impound account. An impound account is where your property taxes and insurance are collected WITH your monthly mortgage payment. The advantage is that you don’t have any unexpected bills during the year. But the downside is that you have to bring in some extra funds to the closing to setup the “reserve account”. This reserve account ensures there will always be enough money available to pay these bills at the time they are due, plus some extra just in case.

These reserves can add up to a significant chunk of change so the decision to have impounds can significantly affect the amount of cash you have to bring to the Title Company. Also, if you requested NO impounds and the Mortgage Broker put them in anyway, you’ll see it right away because the prepaid items will be much higher than previously disclosed. Keep in mind that some A-paper lenders offer modest pricing improvements for loans WITH impounds so some Mortgage Brokers try to sneak them in as a way of improving the loan’s profitability.

The second section details all the fees paid to OR through the Title or Escrow Company. These would include the title insurance, escrow fees, recording, courier, endorsements, notary and any liens or delinquent taxes listed on the title report. Although the signing is often too late for negotiation, both the title insurance AND the escrow fee may have some flexibility so it never hurts to request a discount.

At the bottom of the Estimated Closing Statement, it should tell you exactly how much you still owe to close escrow or how much you can expect back after the transaction closes. Although this figure will rarely be identical to the Good Faith Estimate, it’s proximity to the original figure is an extremely good gauge of you Mortgage Broker’s competence and experience. If it’s way off, you might want to think about using someone else.

The second important form in the package is the Note, which will usually be located about half way through the stack, either in front of or behind the Deed of Trust. The Deed is pretty easy to find because it’s a 14 or 15-page document with “page 1 of 15″, “page 2 of 15″ and so on at the bottom of each page, so you can flip through the stack and find it quickly. The Note is usually near by.

The Note is generally a 4 or 5-page document and details the loan amount, lender, interest rate, date of your first payment, length of time the interest rate is fixed for, any interest-only options and the prepayment penalty stipulations. You will have already seen some of this on the Estimated Closing Statement but you should definitely look at (1) the interest rate – make absolutely sure that’s correct, (2) the length of the fixed period – that’s important and (3) the prepayment penalty – that will be on page 2 or 3. Many Notes have addendums, particularly for prepayment penalties, so make sure to look past the Note to see if there’s an addendum.

If everything on the Note looks good and the Estimated Closing Statement is also as you expected, the rest of the package should be fine. Once you’ve gone through those two documents, the heavy lifting is over. But there are still a number of things you should know while signing the rest of the documents.

First, the Note describes everything to do with the loan, but it hardly mentions the property at all. The Deed of Trust deals with the property and your obligation to keep it insured and in livable condition, etc. Deeds of Trust are all standardized these days so if there’s anything unusual, it will be detailed in a separate document called a “rider”, similar to an addendum. You can have riders for all kinds of things, including an adjustable interest rate, a balloon payment, a condominium, a rental property, a trust, a planned unit development (or PUD) or a second home. Don’t be alarmed by riders. They do it this way to simplify the Deed and make it easier to understand. Just know that the Deed is almost entirely boiler plate copy – very standard stuff. In fact, you can see what’s filled in because it’s usually in a different font. Everything else is standard.

There will be a document in the package called the Truth-in-Lending Disclosure. This is the most regulated document in the entire industry and is required for all lenders. Along with a variety of other items, the Truth-in-Lending disclosure tells you the APR, and everybody has to calculate the APR the same way. Unfortunately, there are so many loan options these days that it’s hard to put 2 programs together in a head-to-head comparison, but it’s still good to know what this form attempts to do.

When you get a loan, you normally pay some money – closing costs – to complete the deal. So let’s say you’re getting a $300K loan and you’re paying $5K in fees directly related to the origination of that loan. So you pay $5K in and get $300K out. $5K in, $300K out. So it’s really the same as paying nothing and getting $295K out. Same thing. If you pay $5K in and then get $300K out, it’s the same as getting $295K with no fees. Well, the APR takes that into consideration and calculates an interest rate that wraps in all these fees as if they were already included, making the APR generally HIGHER than the rate specified on the Note.

For Intermediate ARMs, the APR also takes the adjustable portion of the loan into consideration, including the index and the margin. It provides a weighted average interest rate for the entire 30-year period based on the initial fixed period of 5, 7 or 10 years and then the remaining years at the adjustable equivalent, assuming interest rates remain exactly as they are today. Although this attempts to provide borrowers with more complete information, it actually obscures the APR and makes it less relevant considering the objectives for the loan. For example, most people who get a 5/1 ARM (fixed for 5 years) have no intention of keeping the loan longer than the fixed period, making the index plus margin completely irrelevant.

This is particularly dangerous for Subprime loans where the index plus margin might be 2 or even 3 percentage points higher than the starting rate, making the APR MUCH higher than it would otherwise be. If you only plan to keep the mortgage for the fixed period, don’t spend too much time on the APR. It’ll be a high number that will probably frustrate and confuse you. Rather, spend more time on the starting interest rate and the closing costs required to get that loan.

Overall, you can expect your loan package to have two sets of instructions; one from the lender and the other from escrow. You can expect all the documents we’ve discussed as well as a long list of individual affidavits including a Signature Name Affidavit, a Compliance Agreement, an Occupancy & Financial Status Affidavit and various disclosures describing your rights in the transaction.

Keep in mind that any refinance transaction in California provides borrowers 3 business days to review all the documentation and cancel the transaction if necessary. This time is provided for your protection. Take the opportunity to review all the documents. I know it probably all seems confusing or even boring, but you’ll learn a lot about the process by reading the documents involved. I know I did when I still had my signing business, and now I’m doing loans full time. You never know where this stuff leads.

Patrick Schwerdtfeger
http://www.articlesbase.com/finance-articles/signing-the-loan-documents-110569.html

(Generate Leads) http://www.capital-visions.co.uk
(Generate Leads) marketing leads *ONLINE BUSINESSES* – How HIGHLY do YOUR *Marketing Methods* Rank?
Once you have a good idea of which demographics you can serve best, it will be easier for you to design marketing strategies and choose the appropriate (generate leads) tools that will work best for such a segment of the market. If you have no idea of what your ideal market is, you'll find that (generate leads) will be like shooting blanks. You think you have your eye on the target but you never get results.
(Generate Leads) marketing leads *ONLINE BUSINESSES* – How HIGHLY do YOUR *Marketing Methods* Rank?

Before anything else, take a closer look at your marketing business and identify the demographics that can benefit from your products or services. Who are these people? Who are more likely to subscribe, sign up as new members or make a purchase? More importantly, why and how frequently? What are their age ranges, location, economic status, interests and …

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ChoicePoint is an Alpharetta, Georgia-based company that sells information in three markets–insurance, business and government, and marketing. According to a recent quarterly statement filed at the Security and Exchange Commission, ChoicePoint sells: "claims history data, motor vehicle records, police records, credit information and modeling services…employment background screenings and drug testing administration services, public record searches, vital record services, credential verification, due diligence information, Uniform Commercial Code searches and filings, DNA identification services, authentication services and people and shareholder locator information searches…print fulfillment, teleservices, database and campaign management services…"

ChoicePoint has managed to attain a large share of the commercial data broker (CDB) market with strategic purchases of other businesses. Since its spinoff from Equifax in 1997, ChoicePoint has acquired a number of information collection and processing companies. These include:

National Data Retrieval, Inc., a provider of public records information; List Source, Inc., d/b/a Kramer Lead Marketing Group, a marketing company in the life and health insurance and financial services markets; Mortgage Asset Research Institute, Inc., a mortgage fraud monitoring company; Identico Systems, LLC, a customer identity verification company; Templar Corporation; insuranceDecisions, Inc., an insurance industry claims administration company; Bridger Systems, Inc., a USA PATRIOT Act compliance company; CITI NETWORK, Inc. d/b/a Applicant Screening and Processing, a tenant screening company; TML Information Services, Inc., a provider of motor vehicle reports; Drug Free, Inc., a drug testing company; National Drug Testing, Inc., a drug testing company; Application Profiles, Inc., a background check company; Informus Corporation; a company enabling ChoicePoint to offer products online; Tyler-McLennon, Inc., a background screening company; ChoicePoint Direct Inc., formerly known as Customer Development Corporation, a database marketing company; EquiSearch Services, Inc.; DATEQ Information Network, Inc., an insurance underwriting services company; Washington Document Service, Inc., a court record retrieval service; DataTracks Technology, Inc., a public record information company; DataMart, Inc., a database software company; Statewide Data Services, Inc; NSA Resources, Inc., a drug testing company; DBT Online, Inc., a public record services provider; RRS Police Records Management, Inc., a provider of police reports and related services; VIS’N Service Corporation; Cat Data Group, LLC; Drug Free Consortium, a drug testing company; BTi Employee Screening Services, Inc., an employee pre-screening services company; ABI Consulting Inc., a drug screening company; Insurity Solutions, Inc., an insurance rating company; National Medical Review Offices, Inc.; Bode Technology Group, Inc., a DNA identification company; Marketing Information & Technology, Inc., a direct marketing company; Pinkerton’s, Inc., a preemployment screening company; Total eData Corporation, an e-mail database company; L&S Report Service, Inc., a provider of police records; Resident Data, Inc., a residential screening services provider; Vital Chek Network, Inc., a provider of vital records; Accident Report Services, Inc., a provider of police records; Programming Resources Company, insurance software company; Professional Test Administrators, Inc., a drug testing company; CDB Infotek, a seller of public records; Medical Information Network, LLC, an online physician verification service; and Rapsheets.com, an online provider of criminal records data.

Its obvious that they own most of the companies in the Data mining bussiness. Now All insurance companies consult Choicepoint C.L.U.E. report before they aprove you for home or even car insurance. They know things about anyone like how many accidents you have, if you were at fault, and how many traffic tickets you have. Thats the new way for this companies to detrmine how much are they going to charge you for insurance. All you need to have is a couple of mistakes and boom you get stock with higher rates, awesome bussiness dont you think?. They have one of the biggest databases in the nation that now even FBI uses them or buy their information instead of doing their own investigations. How comfortable Aint it? There is no doubt that Choice point is one poses one of the most dangerous databases in america. And there is no way to put controls to their marketing of a citizen own and personal information. A monopoly ! we can agree they are the biggest in the market right now.

http://www.freeguide.ws/r/virals/optin1 :
Tube Traffic For Lead Generation

But instead of knocking yourself out trying to come up with just the right video promotion strategy, you can now have it inside a new eBook called:

"Here's How To Get Unlimited New Visitors To Your Websites Without Paying A Penny (Other Than Video Production Costs) Using Free Online Video Sites Like YouTube…"

http://www.freeguide.ws/r/virals/optin1.html

Duration : 15 sec

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It never ceases to amaze me that when there is a revolutionary new “cure” (such as chelation) that hits the market, most medical practitioners speak out against it and claim it to be nothing more than new age voo-doo. We all like to think that the medical community is out for our best interest, but we can’t just step around the truth that medicine in the United States is also a business. The business of medicine doesn’t like the idea of chelation.

Chelation is treatment for atherosclerosis (a condition of the arteries which creates obstruction through hardening and leads to heart attacks, strokes, and other serious heart conditions) which has actually been around for several decades. Only recently has it come to the public’s eye as a potential cure for atherosclerosis. The greatest asset of chelation therapy is that it is capable of removing calcium build up within the arteries, creating a clear and unobstructed path for blood to flow. Of course, just like all treatments that don’t fall under the realm of insurance company approved procedures, many physicians look at chelation as “dangerous.”

Modern medicine has yet to make us healthier. What it has succeeded in doing is making us more chemically dependent upon pharmaceuticals, which is good business for the medical business. With heart disease being the number one killer and heart related treatments being one of the highest paid specialties in the industry, it is no wonder that the medical profession is not on board with chelation.

There are thousands of patients who have received chelation therapy over the past thirty years that have shown significant improvement and have even been able to abandon their daily regimen of medications. However the American medical community still chooses to ignore the results of such evidence. In fact, while data was given directly to the American Heart Association outlining the results of studies and patient reports, the AHA didn’t like the formatting and dismissed it without reading it.

Just like there are risks with any medical procedure or treatment, the medical community loves to play up the risks associated with chelation. The risks of side effects or ill effects are about the same of those present when taking daily medication for atherosclerosis. Medication is not entirely “safe” and short term and long term side effects have left many patients without significant help. Chelation provides an alternative therapy option for those who do not feel as though traditional drug therapy is working. Just like all choices when it comes to your health, there are bound to be different results. However, a large percentage of patients have tried chelation and have benefited greatly from the therapy. Just as some medications will work on some patients and not on others, chelation is not a guarantee but a treatment option for those considering a new and improved treatment method.

Marlon Dirk
http://www.articlesbase.com/medicine-articles/why-chelation-remains-controversial-673931.html

http://www.spiderwebguru.net
Finding Hungry Leads for Your MLM/ Network Marketing Business

Thousands of people start a new network marketing business every day, but very few of them are ever successful. One of the most critical components to being successful in your network marketing business is figuring out how you’re going to get new customers and business partners for your business.

If you’re reading this article you are probably trying to figure out how to be successful, or you may even just be trying to figure out how to break even. Either way I can assure you that finding interested prospects for your business is your number one business need. If you want to be successful you’re going to need a good network marketing lead generation system that provides you with tons of hungry, qualified, interested people for your network marketing business.

What is a Network Marketing Lead Generation System?

A lead generation system helps you find PEOPLE WHO ARE INTERESTED in the products …

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http://www.apollosmg.com – Apollo Sales & Marketing Group, founded in 2003, specializes in marketing, lead generation and lead management results. We employ technology, strategy and direct marketing campaigns for our clients, driving escalating returns for their marketing dollar.

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A government health insurance plan sounds nice and pretty, but when you consider a little bit of history concerning the government and its regulation of the private insurance market and consider basic economics it’s pretty darn clear that as time goes on more and more people will be forced into government run plans.

First, the lie that the government wishes to just "compete" with private insurers is complete BOGUS. The federal (and state governments) already heavily regulate the private insurance market. Over the years governments (both state and federal) have required insurers to cover more and more procedures, many which have nothing to do with health thereby forcing customers to shell out more money instead of just simply allowing consumers to customize their plan….you know kinda like how you do with other insurance.

Also doctors spend around 30 billion per year (according to CNN) on malpractice insurance. So if we could have some tort reform of some sort to reduce law suit abuse.

But the point I REALLY try to make to people is this….Private insurance companies need to at least break even to keep themselves in business. Government does not. Government can afford to operate at a loss because it has an endless supply of tax revenue and the ability to borrow money from sales of bonds or by monetizing the debt with the Federal Reserve. Now ask yourself this….if you were a business of some sort, and you were competing against someone who could afford to operate at a loss indefinitely don’t you think you would have a hard time competing against them? They could afford to continually undercut you (at their loss) and eventually put you out of business. So as you can see the government is NOT competing against private insurers in a FREE market because
1) they regulate their competitors already and 2) they can afford to lose as much money as they want since they do not need to make a profit or even break even to stay in business.

Now some people would say that as long as they can afford to give people cheap medical care then it shouldn’t really matter if they operate at a loss….Well ok, but there is one problem with that and that is supply

If the government sets prices artificially low then their will be an increase in demand for those services. The system will not be able to handle everybody in a timely manner which will lead to long waits and rationing. Now to be clear there already is rationing today just as their is rationing of every product and service we buy….the rationing factor is the price. There are ways to lower the price using Free market solutions instead of the heavy coercive hand of government such as:

Tax deductions for health savings accounts that can be used towards deductibles or insurance premiums, tort reform, allowing private insurance to compete in a free market unlike what it has endured over the years as increased government regulation has increased the price.

I’m starting to ramble, but the main point I wanted to put out for debate is that government is NOT competing against private insurers because it is government that is setting the terms of competition and not the market and also the government can afford to operate at a loss while private insurers can’t. Talk about a monopoly!

Please if all you can say is a bunch of rude or ignorant things then please don’t comment.

Based upon 0bama and Pelosi and Hillary and Bill, Dems seem to have a hard time being honest

http://zackmiller.co.cc

This video is presented by Zack Miller. This video will share the strategy of how to generate qualified mlm leads. Lets face the facts, without qualified mlm leads. You wasting a lot of your time talking to people that are not interested. Most people implement the old school marketing methods of getting their friends and family involved or telling everyone they know. these methods only generate leads for your business. They don't generate qualified mlm leads. There is a big difference. You want to talk to people that are interested in joining your business. They are called qualified mlm leads. This video will share some strategies on how to get this type of lead for your mlm business.

presented by Zack Miller, online marketing authority. If you like ed this video and want to know more mlm leads strategies by Zack Miller. Just click the link above

Duration : 3 min 49 sec

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You can have all the drive and energy, but without the right strategy, you will never get what you want. By the same token, every outcome is possible, given an effective strategy.

For example, imagine yourself as the small business owner of a fruit shop that makes $10,000 in profits a month. Let’s say that you decided to set a goal of increasing profits to $15,000 a month. Would that be possible? Probably. You could work a lot harder, raise prices, increase trading hours, sell on-line or create a loyalty program.

What if you set a goal of making $3 million a month from your fruit business? Would it be achievable? Most people would say, ‘of course not, there is no way you can make that kind of money from a fruit business like that!’ True enough. Making $3m a month from that fruit business is impossible, if the owner continues to use the same business strategy. Yet, if he were to completely change the way he now does his small localized fruit business, would it be possible?

For instance, the strategy he could use would start by his studying how to greatly expand his market: he would write a dynamic business plan, raise capital through investments, invest in R & D to develop a superior brand of fruit (for eg. Organic certified food products are seeing phenomenal growth everywhere as people become health conscious) and widen his range of fruit (eg: offer sun dried fruit without sulfur, candied fruit using organic sugar, pureed fruit rolls for kids), support reliable new suppliers, build a franchise system and then license thousands of business owners around the world to sell his fruit.

Would it then be possible for him to earn $3 million a month? Of course it would! With enough flexibility in our strategy, we can achieve just about anything.

You still wonder how a local fruit shop can possibly expand and go global? Impossible?

Well, how did a British housewife create some skin and hair care products in her kitchen using fruits and vegetables and then pit herself against billion-dollar, heavily advertised international cosmetic brands succeed nationally and then globally? She developed the right strategy, which included the right unique products. This person I am referring to is Anita Roddick who founded the multi-million dollar chain of Body Shops.

What I have found time and again is that people who are able to produce exceptional results use different strategies from the majority.

When I had the opportunity to work with the top 1% of insurance agents (average yearly income of over $500,000), I found that they did not just work harder than the 97% who earned less than $50,000 a year. They used a completely different approach in managing their time, generating leads, converting sales and creating repeat businesses.

So, taking your cue from the winners, study their strategies. If you want to be a millionaire, study the strategies of millionaires. If you want to be a great leader, model the patterns of great leaders.

Adam Khoo
http://www.articlesbase.com/motivational-articles/how-to-develop-an-effective-strategy-50892.html