Social Networking for your Success

I've got a list of personal coaches, mentors and personal trainers in my background. From Anthony Robbins, Brian Tracy, Ken Blanchard, Depak Chopra, Mike Macedonio, Dawn Lyons, Trey McAlister, Wayne Dyer, Dani Johnson, and companies like Productive Learning & Leisure. Joel Osteen recently reminded me "You must quit looking at what you don't have, and start believing that all things are possible." Short, direct, true. You attract what you focus on, however, sometimes thought and focus aren't quite enough; If you don't take action and just bliss-out, things slide. Motion creates emotion. Getting networked in person and online is a great way to stay proactive, working your "message" and moving forward. If you're not growing, you're dying. Time to get busy. By the same token, if you hide from your finances or simply "hope" that your loan will be fine, you're going to look back and say "Oh Shoot" as you you and your canoe go over Niagara falls without a paddle.

HOW CAN I SUPPORT YOU? Pat Townsley, Advisor. 415-485-1776.

Feed the house or the horse?

This is my daughter's horse, Artesima. Feed, stable, grooming, transport, showing, freakin shoes and gear. For everything else; there's Mastercard. Now, as fuel and food and transportation and materials and staple increase in cost exponentially, where will we be cutting back. The first horse shoe has only just dropped. America's economic engine (liquidity) is coming to a screeching halt. Fuel will cause the actual "mobility" to halt. "You've got chocolate in my peanut butter. You've got peanut butter on my chocolate.".... that was always a good thing. When both financial and physical markets collide, we're in some trouble. My friends: It is time to take a defensive position. We've ridden it hard and put her away wet. Time to clean up after the party and cowboy-up. Fix your adjustable loans now. Some CFPs recommend a 40% cash position for the portfolio. Not a bad ideas if you are looking at investment properties that are at bottom and cash-flow. I've been down the investment property path, multi units, fixers and flippers. Time to really think strategically. Let's talk. No sales, no obligation: Let's find the solution so that we put the horse before the cart!. Pat Townsley. Super Genius meets Idiot Savant. 415-485-1776. Broker, honest guy. http://www.ptre.net/

Getting to work while work is available

How hard can the mortgage business be? Here's the checklist for Joe Broker. The critical piece missing here is ESTABLISH A RAPPORT. That's what sets me aside from other brokers. Honestly, we have about 60 banks left in the industry versus over 200 about a year ago. Loans are getting tougher, but I'll tell you this, they're going to get WAY tougher and rates WILL GO UP... so STOP procrastinating. Make the call at least. Get the info. Make SURE you're in a good position before the Fed has to take action to fight inflation over the crying of consumers for lower rates. It's going to be very tough. NOW is the time to get it started. It's not about Making Money: It's about relationship, rate and service. I've got it. Come get it. Pat Townsley, Mortgage Advisor. I'll guide you through the maelstrom and keep guide your ship into a safe harbour. 415-485-1776. http://www.ptre.net/

Treating others with the Platinum Rule

How do you want to be "sold" to? You don't. Nobody wants to be sold to. As a member of the Referral Institute, a great lesson learned is that we often base our tactics on "The golden rule": Treat others the way we want to be treated. However, that's not the best play. The real meat come from treating your customers with The Platinum Rule: Treat your customers the way THEY want to be treated. It's a fine line that goes right to the bottom line. It's tough to make that distinction sometimes. By using tools like the DISC assessment or BNI's Referral Institutes's "GEMS" program led by Dawn Lyons (derrived from passionate sales guru Dani Johnson), I've learned valuable skills to speak to my clients on "Their level" and increasing my ability to deliver my message. Sure, sometimes my message is passionate about why NOT to refi or buy. Other times, you've got to refi now to take a defensive position to protect your assets, life and home. "P.T."... My initials and what most of my friends call me. 195.08... My former weight prior to losing 20 pounds to the stress in the market. 78...the numbers on phone key pad that spell the initials P.T.....and lastly, The periodic symbol PT is for Platinum. Divide that by THREE and you get 26, the age my father died, the age I turned to a new paradigm shift in my business model, and right now, the number of loans that I need to close this year to achieve me 2008 goals. Coincidence? Fate? Faith? Numerology? Quantum Physics? BS and lies? Whatever it is: I will serve you and your referrals with the Platinum Rule. I will deliver what I say, when I say, and provide you with ExcellenceInRealEstateFiancing... dot com. Let's do this before the Fed package bursts into flames and we're all cooked. Take action. Yours in business: Pat Townsley, Mortgage Advisor. 415-485-1776. www.ptre.net. Real solutions from an agent who's in the trenches.

A Fist Full of Dollars: Tighten up!

Money 101 with Pink Floyd: "Get a good job with good pay and you're okay. Money, it's a gas. Grab that cash with both hands and make a stash."

Unfortunately for many, Money has slipped through our fists: In the past year, we've lost 20% in equity from our 90% leveraged position, putting us 10% "upside down?" There are only two solutions: Fight or Flight. Is your house a home, and is your home worth fighting for?...or do you just walk away from it all? File Chapter 7, Chapter 13, File for the Homestead Act, sell it "Short" or just get foreclosed on? It's not just a home, it's where your family is growing up, it's a water park and playground in the summer, it's a haunted house in October, it's where you store your stuff, it's your American Dream. It's your identity, your ego, your place in the community. But now, Today, It's keeping you up at night and if you can sleep, it's become your panic attacks and source of night terrors. Let's find the solution. Pat Townsley, Mortgage Advisor. 415-485-1776. www.ptre.net

Vacation Homes/Second Homes: Oh Yes!

Second homes, if you can afford the, are worth looking at now. Lenders are still flexible on the terms and there are A LOT of people bailing out of second home all over the state and nation. People are looking to move their liabilities. I provide complete loan preapprovals for primary residences, refinances, second/vacation homes and investment properties. You can pick up a second home with Stated Income on "conforming rates" and the properties are out there. Time to pick up the phone and buy your piece of peace while the pickins are good.

Let's do this! Pat Townsley, Mortgage Advisor. 415-485-1776. www.ptre.net

This is NOT A DRILL. Take action Now.

I've never been the broker to push or say "Do this now," until now. I like to be positive, upbeat and give hope and solutions. That being said:

The Federal Stimulus "Agency Conforming Jumbo Loans" need to be started NOW.

"But Pat, we've still got six months on our adjustable. We're going to wait. We think rates will get better. We'll wait until September to start it. I don't adjust until February." The truth: You don't have the time.

Here's the deal. The Fed Stimulus loans end December 31st, 2008. They must FUND AND CLOSE by the 31st. So, let's consider the time-line:

1. December is already a loan-logistic disaster due to holidays as is the last half of November.
2. Banks are taking an easy 30 days to receive, underwrite and fund a loan, in fact, some banks are taking 60 to 90 days in underwriting.
3. Add in distractions of elections and projections and guessing.
4. Add the time to get your appraisal and paperwork together.
5. And now consider this: The law of Supply and Demand! Banks will be so over-run with people in a last minute panic to get their loans done before the December cut-off that the banks will artificially INCREASE RATES to slow down the volume.
6. In addition, rates will certainly begin their climb as inflationary concerns force the Fed to raise rates.

Take all this into consideration, do the math of subtracting several months (of the reasons mentioned above), and the answer is to Take Action Now. You've got a short window to take advantage of a unique program. That's GOOD NEWS but only if you actually realized that time is not on your side. Delays could will devastating. Let's talk now: 415-485-1776. Pat Townsley, Mortgage Broker. www.excellenceInRealEstateFinancing.com

Mortgage Industry on Web 2.0

So what's the hype with Web 2.0? It's a shift in thinking and user ability. I now have the fastest, most accurate loan data at my fingers. A mortgage loan aggregater that allows me to find the best lender and the best rate in the entire US. Take the best-of-breed technology of Web 2.0 plus add in my 12 years of market-smarts, and we'll find the loan for you! Let's Talk. This whole computer thing is giving me a 2.0 headache. Pat Townsley. Linked-in social networking Mortgage Advisor. 415-485-1776. http://www.ptre.net/

How do BANKS set rates?

With the financial markets and investors in "spooked" mode, NOW, more than ever, banks are taking a new look at how they need to address and "entice" investors to deposit money into their banks. Without growth through deposits, banks will take a loss which will be hard to make up from other services. Statistical data shows banks with up to 150 basis points in difference in what they're pricing their money market deposits at from bank to bank in all 50 states. So, how do banks' price swing so much and how can banks offer the best pricing in a turbulent market to reign in some normalcy, investor confidence and ultimately regain a stronger gain in consumer confidence? ACCURATE RESEARCH. The company that is leading the banking B2B information age is "Market Rates Insight." They're the hub of timely, accurate and relevant data for banks to efficiently create solid price points for continued growth and stability ahead. I look forward to an alliance with MRI to help me better serve my clients as well as promote the services, scope and impact of this first-class global company. Pat Townsley, Advisor. 415-485-1776. Let's Talk.

Stimulus Package Agency Conforming Jumbos take off

Any press is good press, they say. I was recently interviewed by a reporter from Investor's Business Daily regarding the challenges facing the mortgage business and how the new conforming loan limits have impacted the American home owner or home buyer. Indeed, we have challenging times, but we also have markets that are constantly in need to recreate themselves for their own survival, in this case, the Mortgage and Credit Markets. My splash in Investor's Business Daily came out in print in the May 15th, 2008 paper and is also available online by clicking here. When you need true insights and financial reality checks on what opportunities you or your associates have available today, please contact me. Pat Townsley, Independent Mortgage Broker. Serving California and 15 other states as your Mortgage Advisor. 415-485-1776. http://www.ptre.net/

The Road to Success

In the mortgage broker "circles," there is this growing concern that Wholesale banks are doing everything they can to pus "brokers" out of business, ultimately, driving customers into the front door of Retail banking only. I can understand this theory; It's the way it was 20 years ago: People would have to go to a banker for a loan. Then, the secondary market opened up and lenders found it cheaper to utilize "brokers" to sling their products. Now, brokers are back in the quasi-doghouse...pushed into exile by the very banks who supported their rise, all driven by greed.
I believe I'm known for integrity, relationship, honesty and delivering a quality product. Sure, there were and are some horrific mortgage brokers (and now formerly) in this industry. Realtors, used car salesmen, mortgage brokers, MLM sponsors and Fuller Brush salesmen all get a shitty rap; Only a few may stand out.
Jim Rohn said "DISCIPLINE is the bridge between Goals and Accomplishment. " A truer statement is hard to find. I am that bridge for you: Committed to an ongoing relationship for excellence in real estate financing. Please call for a mortgage update. Pat Townsley: On your financial team! 415-485-1776. http://www.ptre.net/

When Your ARM Becomes Adjustable

Most Adjustable loans are coming "due." This goes for the 5-year fixed loans acquired in 2003, 3-year loans from 2005 and the last of the 2-year fixed loans from 2006. In most cases, people have been paying Interest Only on these loans. In the case of the 5-year loan, borrowers haven't paid down any principal, so at the end of the 5-year period, you only have 25 years left on your loan, PLUS most loans will now require you to pay Principal AND Interest. Your Rate will become Adjustable with a "Margin" plus an "Index." In most cases, you've got a TRIPLE THREAT: Principal and Interest plus a variable and probably higher interest rate plus a shorter life span on the loan. All three factors compound and your payment goes UP. Every loan is different. I'm your Advisor, I'm your neighbor's Advisor, I'm your family and friend's Advisor. Take action while rates are low. Let's Talk. Pat Townsley, Mortgage Advisor. 415-485-1776. http://www.ptre.net/

California Mortgage Advisors

“The problems of the world cannot possibly be solved by skeptics or cynics whose horizons are limited by the obvious realities. We need men who can dream of things that never were.” John F. Kennedy

Real estate financing has changed, and changed forever. I refuse to fail in the face of adversity. To stay competitive and continue servicing my clients, I have brought my team to one of the Nation's top mortgage firms, California Mortgage Advisors. We're pleased to be amongst some of the top producers in the US. At "CMA" we have the best-of-breed tools to ensure that our clients have not only the best rates and loans available today from more lenders than were previously available. We're really working harder than ever, because we have to! Trust that I will still deliver my personal best when working with you and your referrals. My contact information remains the same: Pat Townsley, 415-485-1776. http://www.ptre.net/

Prime comes down to 5%

What does this mean to you? Immediately, any "home equity lines" or adjustable home loans time to "Prime" will be at 5% plus or minus any "margin." That's good news. It should also impact some credit card and auto loans. It doesn't do anything to Fixed rate home loans. The Fed cut the discount rate a quarter yesterday, so it was anticipated...but it did help improve mortgage rates slightly. Investors liked it as the Dow rose 189 points to close at 13,010 on Thursday, however, there is still a lot of fear in the market. Banks are keeping rates, especially JUMBO rates high (They're padding themselves, taking larger profits to offset any losses from foreclosures).

Until we see a turn around, mortgage rates are as good as they're going to get. Every time the Fed decreases the Discount rate, mortgage rates go up. My advice is to take action now and get the best loan available. It's a decent time to borrow money...If you can! Call me for a free consultation. Pat Townsley, 415-485-1776 http://www.ptre.net/