What is a BPO in Real Estate?

BPO stands for "Broker Price Opinion." That's on real estate professional's evaluation, statement of value, educated opinion. They are often used to "replace" a full appraisal. They can be faster and cheaper. The BPO of a residential property is conducted by a local, licensed real estate professional. The report combines information from a drive-by exterior examination, external data sources, previous sale data, property assessment data, recent comparable sales and current neighborhood listings, as well as a photograph of the subject property. The BPO includes estimate of repairs to obtain fair market value, neighborhood information, and value estimate (90, 120, 180 day marketing time for "as is" and "as repaired" values). Photographs include subject and street scene photographs. Front photographs of all comparable sales are also available for an additional fee. This product is not an appraisal and does not include an inspection of the interior of the property. There are Residential BPOs and Commercial BPOs. In today's market, banks or brokers may want a BPO to negotiate a Short Sale. More questions? Call your financial wiz: Pat Townsley, Mortgage Broker. 415-485-1776. http://www.ptre.net/

Financing the new Audi R8

As featured in this year's Super Bowl, This car, the Audi R8, is pehaps one of the finest driving machines made. How would you like to imply write a check for it and drive it off the lot, and the interest becomes a tax write off. No new loan. Close the deal faster, and you are on it. The Home Ownership Accelerator will get you on the accelerator of this Audi beast. Call me for financing. Pat Townsley, Mortgage Broker. Providing you with financing security, flexibility and a quality of life you deserve. 415-485-1776. http://www.ptre.net/

Lowest mortgage rate in town!

Here's the loan that is changing the world of mortgage. It's a loan where you take total charge of your life, your finances, your opportunities. 80% maximum loan to value, currently at 4.014% with your choice of interest only or any amount towards princiapal. You can pay it down as much as you want and the balance is averaged DAILY.... so the more you keep money in your loan, the faster you pay it off. Keep more money in your mortgage, then simply draft your bills out of the money at the end of the month. You are your own bank, earning more money, paying more debt down faster. You get checks and a credit card off of your home. Loans to $2million. Imagine you only owe $400,000, but you could have a line to $1,000,000. You're only paying on the money you owe, but you have instant access to draft another $600k in a day if you need it....or pay the loan to Zero and have this massive line at your fingertips. It's not for everyone, it's for wicked smart invstors who understand the power of compound interest. Call me for more information. Pay your traditional 30 year fixed down in 14.7 years and save hundreds of thousands in interest. The last loan you'll ever need. Pat Townsley has this loan currently at 4.014% and it's getting better. Sweet. 415-485-1776. http://www.ptre.net/

By Referral Only

In 2006, I personally spent over $100,000 in advertising in industry magazines using full page color ads to promote my services, going head-to-head against the "retail banks" which I also represent on the wholesale side. Result: 90% of my business came from referrals from my past clients and repeat business from my satisified clients. The other 10% by referrals from network marketing. So, now I've dropped the full color ads, focus my core business on residential purchase and refinances, post to this blog, and ask for your help to refer business my way when it comes to you and who you know. So, THANK YOU for your support and referrals. I'll take care of your, your family, your associates with Excellence in Real Estate Financing! I take nothing for granted, live with an attitude of gratitude, and appreciate your continued referrals! Professionally yours, Pat Townsley. http://www.ptre.net/

The 5 Balls

"Imagine life as a game in which you are juggling some five balls in the air. You name them - Work - Family - Health - Friends - Spirit, and you're keeping all of these in the air. You will soon understand that "Work" is a rubber ball. If you drop it, it will bounce back. But the other four balls -- family, health, friends and spirit are made of glass. If you drop one of these, they will be irrevocably scuffed, marked, nicked, damaged or even shattered. They will never be the same. You must understand that and strive for balance in your life. How?

1. Don't undermine your worth by comparing yourself with others. It is because we are different that each of us is special.
2. Don't set your goals by what other people deem important. Only you know what is best for you.
3. Don't take for granted the things closest to your heart. Cling to them as you would your life, for without them, life is meaningless.
4. Don't let your life slip through your fingers by living in the past or for the future. By living your life one day at a time, you live ALL the days of your life.
5. Don't give up when you still have something to give. Nothing is really over until the moment you stop trying.
6. Don't be afraid to admit that you are less than perfect. It is this fragile thread that binds us together.
7. Don't be afraid to encounter risks. It is by taking chances that we learn how to be brave.
8. Don't shut love out of your life by saying it's impossible to find. The quickest way to receive love is to give; the fastest way to lose love is to hold it too tightly; and the best way to keep love is to give it wings.
9. Don't run through life so fast that you forget not only where you've been, but also where you are going.
10. Don't forget that a person's greatest emotional need is to feel appreciated.
11. Don't be afraid to learn. Knowledge is weightless, a treasure you can always carry easily.
12. Don't use time or words carelessly. Neither can be retrieved."
From the book "Suzanne's Diary to Nicholas" by James Patterson

Financial Planning versus Vacation Planning

I was having breakfast with my Certified Financial Planner this morning. He brought up an intersting, funny, sad but true point: 90% of Americans spend more time each year planning their vacations than they do planning for their financial security. What a concept!... and then I thought about the hours we have spent just planning our annual camping trip to Yosemite. I get exhausted just watching my wife spend hours online; preparing menus, site reservations and organizing daily activities for our family and friends. Unreal. How much time have we spent discussing money? Zip. I'm guessing I'm not alone. So, it does make more sense to have someone ELSE do the driving when your money and future is on the line. If you'd like to contact a spectacular CFP with an MBA and a passion for increasing your wealth, Contact BRUCE FRANKEL with Yerba Buena Financial Partners. 415-334-8000 or email bruce.frankel@ybfp.com
I've referred several of my clients to Bruce and the results have been outstanding. Yerba Buena Financial Partners; "The Advocates Behind YOUR Success!"

Reasons to Buy a House Now...

There are many reasons to buy a house NOW. I can also play devil's advocate and quote a few negatives, but, hey, No Pressure...No Diamonds. Let's keep positive and abundant thinking.

1. Interest rates are coming down.
2. New loan programs are coming with improved guidelines.
3. Property values are down.
4. You'll never be a "market-timer" and nail the bottom of the market.
5. Sellers are motivated to sell. We call this a BUYER's MARKET.
   

   
   The one thing you do need before you go home shopping is a PLAN. This plan includes knowing what you can afford, how you can structure a solid financing plan, and what to buy. I'm the Second Step in the process. The FIRST STEP is you overcoming your excuses and objections, picking up the phone and calling me for your free loan pre-approval. Doing anything else is just burning up daylight. Time is the one thing that you simply cannot get back. Take action and call Pat Townsley, Mortgage Broker: 415-485-1776. http://www.ptre.net/
   

Here we go! Mortgage Time; Median Conforming Limits

OK, It's time. All the lenders and investors are sending out their guidelines. The conforming limit is now $729,750 for the majority of the Bay Area and other areas of California. This is YOUR time to take action. No more BS. Let's get to work. Banks are ramping up. Conforming means more flexibility in underwriting and improved rates over "Jumbo" pricing. Call me to discuss rates as every borrower is unique.

Your referrals are appreciated. Let's go.
Pat Townsley, Senior Broker
California Mortgage Consultants Inc.
Serving ALL of California.

REFINANCE NOW! 415-485-1776

Economic Stimulus Package signed into law

Hurry, hurry! Come one and all. The Economic Stimulus Package has passed both House and Senate and is being signed into Law by President Bush. The impact will NOT be immediate. Banks will have to digest this and work with their investors and corporate policies. So, it won't go into effect immediately, but now is the time to get your loan started. "Conforming" loans may be as high as $729,750 but not a blanket number across the U.S. In California, we should see many of our counties at this maximum limit as it is calculated increase of 125% of the median sales price (closed sales). This will END December 31st, 2008... So THE CLOCK IS TICKING! Father Time 2009 is only months away. Take Action NOW! Let's get it started now: Pat Townsley, California Mortgage Consultants senior Broker. http://www.ptre.net/ : 415-485-1776

What is the Conforming Loan limit?

What is the Conforming Loan limit? Looks like it's going to change...but WHEN already? A study released Feb. 7 by Deutsche Bank analyst Nishu Sood looks at the loan provisions and sums it up with this headline: “High-profile policy, low-profile impact.” Sood concludes: “Every little bit helps, but we expect only a few percent of home transactions to be impacted in 2008.” When will it change and by how much will depend on median sales prices (values) in certain areas. There is still too much disinformation. 125% of median price increase based on the current level of $417,000. Others say it's an automatic increase to $625,000, $650,000 or $730,000. What we do know is what rates we have available today, and that banks are slammed, so getting you loan going NOW is important. Get the appraisal done with a broker you trust and will do you right. I'm that guy here in California. 415-485-1776. Pat Townsley. http://www.ptre.net/

Financial Success: The law of attraction

What is The Secret to wealth mastery? Drive, Action, Support and a Plan. In fact, you can survive without "support" as some people might "put you down" and talk you out of taking action or making money. What are the Scarcity thoughts holding you back. How can you Breakthrough your beliefs, fears and take your life to the next level of Abundance? It all begins with YOU. Don't wait for the perfect circumstances, don't talk yourself out of it; break the habit and instill a new set of rules: The fruit is on the vine waiting to be harvested. There are great loan options out there for you to purchase a new home. Set up your vision boards....There is NOTHING wrong with having financial success...But you need a big enough motivation. Be it a fluffy rainbow that guides you to the goal, a light from the Heavens, a calling from deep within for a purpose. You will either sink or swim. Take Action and call me, Pat Townsley... I'll give you some great solutions, build a strategy for the future, put a plan in place and change your life, for the better, forever. One common thread that all successful people share: They Continue and Try Again, and again and again. Sorry to get "motivational" on you, but You don't know what you don't know. Get the info. Take action. Let's talk. http://www.ptre.net/ 415-485-1776.

Obama, McCain, Clinton, Primaries...

Before election day 2008, how are the campaings and primaries going to help your financial life? What impact will it have on your home loan, buying a home, refinancing a home? NOTHING. In fact, it's an absolute distraction when you consider your own financies. Let's refocus on yon your financial kingdom:
Mindset: Focus on your outcome. Know where you are and where you want to be.
Education: Know the loans and resources; get the right information.
Action: Start the loan process. How many more times do you need to think about making a decision, how many more excuses do you need for life to pass you by and bury you head in the sand. Make a commitment. Keep moving forward. Surround yourself with achievers.
The time is NOW. Contact me and I'll give you the tools for success and we'll rock.
http://www.ptre.net/, Pat Townsley. 415-485-1776. I'm running as your Mortgage Broker, and I approve this message.

Vacation Home, Second Home: Same Thing, Same rate!

Many of my clients know about our second home in Tahoe. Nothing quite like having a quiet retreat, snow-capped mountains, close to a stream with a lake view. Did you know that many lenders do not charge higher rates for a vacation or second home? The interest falls within the federal tax interest write off guidelines, and I have funded dozens of vacation homes throughout California. I found my vacation home, drove a bulldozer through it and didn't just build a new home, I built a legacy for my family. Share the fantasy. For purchase, refinance and construction loans... Contact the guy who's done it! Pat Townsley. 415-485-1776. http://www.ptre.net/

Luxury Homes in Bend Oregon

If you care, or if you've followed my career in real estate, you'll know I've built a couple homes. I learned the craft from a master builder, now based in Bend Oregon. What a place. I'm now partnering with http://www.luxuryhomesinbend.com/ to help California's purchase vacation homes in this beatiful city. I have half a mind to move up there myself. I have partnered with a Bend-based morgage company to refer my clients for Oregon financing, and I offer "cash out" strategies on your California properties to get into the finest built homes in Oregon. I'm proud to partner and sponsor LuxuryHomesInBend.com. Helping you get the most out of life...Buy well and buy often. Find out more about Investment Home Purchase strategies. Pat Townsley, Broker. http://www.ptre.net/ , 415-485-1776

No cost refinance, No Fees, No points, Lowest rates

Every advertisement is saying this. From the "nation's largest lender" to the private money guy. Folks, there is NO FREE LUNCH. Even the U.S. Postal Service is raising the cost of a First Class stamp to 0.42 cents in May. Seems like it just went from 40 cents last week. So, if postage is going up, transportation costs increasing, cost of energy increasing, cost of goods going up... everyone will have to spend more on every thing as the wholesalers and retailers WILL have to raise the cost of goods sold to compensate for the higher cost and maintain a profit margin. So, in a No Cost mortgage transaction, YOU do pay...it's just burried in a higher interest rate to you. It always has been and there always will be a cost to you to borrow money. Just know how much, where it is, and how you can leverage it to your advantage. Call me to lay it out in common sense and financial sense to you. I am the bridge between your goals and accomplishments. Pat Townsley, YOUR Mortgage Broker. Serving ALL of California. Based in Marin, Sonoma and San Francisco Counties, with branches in San Diego, Santa Barbara and Bend, Oregon (hmmm.. that's outside of California last time I checked). Hawaii too. http://www.ptre.net/

Money: House of Cards

Money will deliver us all... and money is just about to get a bit easier to get. It's the one resource that is endlessly abundant. We can't get back lost Time, but we can recover lost money. We must also be careful not to fall into the belief that the Fed Stimulus package is going to save our butts. The picture here pretty much sums it up. Careful how you stack it... and eventually, some of these stacks will fall down. It is time to get your mortgage check up and get your application going. Every bank is getting backed up like a bear preparing to hibernate. The best wholesale rates from all the top lenders and great service to back you up the whole way: Pat Townsley, California Mortgage Consultants Inc. 415-485-1776. http://www.ptre.net/ . Rate, program, solutions, asset allocation resource, wealth building strategist... and Acme "super genius."

Lowest home mortgage payment

The Fed's stinulus package isn't going to help too many individuals. That is "microeconomic thinking." The stimulus package is a Macroeconomic stategy for the overall U.S. economy. When Godzilla and Gamera fought (in many of their movies), they were trying to protect people, but ended up wrecking an entire city in the process; Trying to help the individual and having an effect on the entire city. Maybe not the best cause & effect example since the effect was usually the destruction of Tokoyo. Something small that can have a big effect is the interest rate you pay on your mortgage and compound interest. As a mortgage broker, I have a loan which is currently at 4.04% with NO negative amortization. The loan goes to $2.5 million dollars and has NO prepayment penalty. It's not for everyone...but it could be a way for your to lower your payments, pay off your loan faster, have more flexibility; Effecting you and eventually impacting the U.S. in a positive way. Everything counts in large amounts. Contact me, Pat Townsley for more on your purchase and refinance needs. http://www.ptre.net/ 415-485-1776.

Shuttle Atlantis blasts off like the US Mortgage Market

ah CAPE CANAVERAL., ter two months of delay, shuttle Atlantis blasted into orbit Thursday with Europe's $2 billion science lab named Columbus. Billions of dollars in gear floating away into space. Hey, I'm all for the space program, but back down here on Earth, we can use a little help. Be looking for new conforming loan limits and economic stimulus package items to clear the Senate today. This will have a HUGE impact on the Marketing of mortgages (home loans) nationwide. Watch out for false promises. Also, I wouldn't be surprised if RATES RISE due to the stimulus, so, lock in your new loan with Pat Townsley, California Mortgage Consultants' senior Broker. 415-485-1776. http://www.ptre.net/

Tornado rips thru cities; destoys homes

If the housing market didn't have enough challenges, imagine your house being torn to shreds by a tornado. Today's home mortgage market is much like a tornado; a whirling dervish of confusion, awe, power and destruction, but...from the ashes of disaster rise the roses of success. Protect yourself and your home with an adequate home insurance policy and umbrella policy. For financing your new home or repairing and updating your home, call Pat Townsley, Mortgage Broker, Serving all of California. 415-485-1776. http://www.ptre.net/

Mortgage in a box

Every home buyer and homeowner is unique. Every loan must be tailored to fit the needs of the individual. Most banks have three or four boxes to put your loan into (like that old Round Table Pizza commercial: "Go to fridge, get box"). As a broker, I don't just look at your immediate needs and debt, I go deeper; What's coming up in your life, what's important to you, what are your goals and motivations. From there, I don't have one box, I have over 80 lenders each with four boxes, and from there, I can also utilize equity lines, cross collateralization and exponentially increase the number of solutions for your financing needs. Don't get stuffed into a box. I deliver freshness and the best ingredients! Go with service, solution and experience. Pat Townsley: I will not suspend my campaign as candidate as your Mortgage Broker. (and I endorse this ad). 415-485-1776. http://www.ptre.net/ , providing Excellence In Real Estate Financing.

Get Ready Marin...and California!

I've lived in Marin for 43 years now. The Grinch, who lived just north of Whoville lived on the top of Mount Crumpit for 53 years. His life was a disaster he realized where he was in his life. No point there really, but there are local, state and federal initiatives to prepare individuals, families and communities from disasters including earthquakes, fires, floods and even the results of terrorism. In Marin, we have "Get Ready Marin." In addition, there are CERT courses community members can take and prepare you and your home for and from disaster. Another consideration is the "72Hours" site. While I prepare and protect you and your family from home financial disaster, consider taking action for natural disasters. Get your "5-minute" bag ready and your 72 kits for home and auto. Let Me help you get your Finances ready to ensure your estate security from disaster. Pat Townsley, Mortgage Broker & Survivalist! 415-485-1776, Serving all of California: http://www.ptre.net/

Financing Your Life considering Maslow, DISC and Gems

I just took a DISC assessment through my personal coach, Tony Robbins. DISC is just one of the personality profile "tests" to find out places of strength, weakness, what type of personality is most dominant. I've taken multiple "Gems" profiles through a great program called "Understanding Gems" by Dawn Lyons of The Referral Institute. Gems is basically the same as DISC, but more easily described and re-formatted by Dani Johnson, another rock-star success story. I also found an interesting spin of Maslow's Hierarchy of Needs pyramid for to indicate one's personality needs. This one looks like it was created on Castro Street, but I found it interesting that Finances was way up at the top. Important to be at the top, but without the foundation of health, purpose, relationships.... you'll never get the money, and without the money, you'll never get to contribute and celebrate your successes. Point being: Stay healthy, be happy, and build a solid business relationship with a top mortgage broker so that I can do the work for you, giving you more time, better finances, and the right to celebrate your successes. Call me for your finances or for referrals and testimonials for my coaches and mentors mentioned above. Pat Townsley, Consultant, Coach, Super Genius. http://www.ptre.net/. Call 415-485-1776 to get your mortgage finances fixed.

The Secret to closing More Mortgage Deals

Wow. I finally found it. After starting in this business in 1984, then really digging in over a decade ago as a loan originator, to becoming a Broker, then a Realtor, then hanging up my Realtor designation and focusing 100% on the core business of being a morgage broker, I found the Post-It that sums up how to be successful in the mortgage business. If we just simplify the process, keep our eye on the goal and provide excellent service, the four step daily plan works.

If you know anyone looking for a new conforming loan including Stated Income (aka No Income Qualification)...I've got them along with THOUSANDS of other opportunities in today's real estate financing market. It's time to call: Pat Townsley, Mortgage Broker. 415-485-1776. http://www.ptre.net/ . Keeping it Real. Simple. Let's Talk!