Signature RM Blog

The web site is complete.  I will be posting market news as often as possible. 

Rate are still very low and now is the time to act!  With the instability in the market and housing industry now is the time to get out of those ARM loans and into a Fixed rate product.

At Amera we are leading the way in providing our customers with the best service in our industry.  Working with home owners and investors we provide the quality of service you require.  Call today for information.

Milo Loop

What is happening in the mortgage industy.  Lenders going out of business,  mortgage products disappearing daily,  real estate prices dropping around the country and the effects of all this on the economy.  Customer's interest rates are rising, equity is shrinking and ability to refinance is reduced. 

I've discussed one opportunity is FHA.  Another is my "Fixer-UP" loan, which I didn't mention can be used to remodel an existing home too.  Senior Citizens may have the ability to move into a reverse mortgage to save their house and potentially improve their cash flow.   

Another way to get out of bad mortgage situation is Credit Restoration.  Credit Restoration is something we all have the ability to take on ourselves.  I can do my taxes myself but frankly I don't want to spend the time or understand the laws to ensure that I've done it the right way.  So I hire an EXPERT (accountant).  I feel the same way about credit restoration, hire it done!  There are many companies out there but I deal with one that with me has a proven track record, UCR.  I've had customers scores go up as much as 50-100 points in just a few short months.  So you may not qualify for a mortgage today but you could in 90 days if your score goes up 100 points.  

Send me a message or call me if you want info on any mortgage or credit restoration product.

General Motors and UAW reached a tentative agreement this morning at 3:05 am. After losing nearly 13 BILLION dollars in the last 2 years on North American Unit (Canada, US, and Mexico), GM said enough. General Motors is shifting the retirees' health care benefits to a union controlled trust fund. Supposedly this will save GM 50 BILLION dollars. Then in fine print or a small footnote they report but cost GM 10 of BILLIONS of dollars in cash, stock and debt. Some how this is miraculously going to make GM more competitive with the non-union companies of Toyota and Honda, HOW? Is the UAW going to employ the old mafia tactics and start "knocking off" retirees? In this case it would help the bottom line!

The agreement is tentative because the members have to vote and approve (ratify) the new contract. The kicker is only active members get a say in this deal. Retired members or surviving spouses make up about 540,000, while only 173,000 are currently active. The current generation of employees is deciding what is best for the previous generation. Maybe we should have implemented this ideology in the past few presidential elections. Then we wouldn't have to worry about the elderly in Boca Raton, Florida and whether or not they understand the ballot. We might as well smash all the retirees' transistor radios and hand them an ipod, then tell them welcome to the NEW AGE.

Fortunately for me, Im not directly affected by these votes, if I were I would probably get caught up in the details. Seems to me that this is just a 50 billion dollar game of 3 card monty or the shell game. A big accounting shift from one place to another.

The 50 BILLION dollar question to me is: Will this enable GM to build quality automobiles at a profit because they don't have to worry about the retirees?

Ford and Chrysler hope so because their deals will soon follow in a similar manner.