What goes up, must come down...

Mortgage rates are taking a beating this week; Almost a full point increase. I'm looking at the CNN home page and their breaking-news headline "Home Equity Slips Below 50%." That's a horrific sign. Another reason to access your equity line now (if you need it for Anything: see my blog under this posting). Rates reacting to bonds, sentiment and demand. For 15 years, I've been saying: Rates are going to do one of three things: Go up, Do down, or stay the same (on any given day). They've had quite a run-up, testing the top-band of resistance to how fast and high they can go. What will help? An immediate strike by the Fed on the Fed Discount Rate will ease things up on mortgage rates, but with the perceived "risk" to lenders, we should expect rates to remain in the 6%'s for the next few months. It wasn't too long ago when they were at 8.5%. Again, the Adjustable loans are now giving the lowest rate, now fully indexed at 3.87%. That's a sweet rate, but it comes with a bit of cost and less long-term "security." If your Fixed rate ARM is about to Adjust, rates in the 6%'s are STILL a better play than taking the hit on the adjustment. Keep that "Blue Sky Thinking" and stay positive in the face of adversity! Pat Townsley, Mortgage Broker. 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.

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.