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Prime now at 4.00%, 5 year fixed discounted rate now ranges from 5.59 - 5.89%
With a constant barrage of negative media regarding the US recession, the stock markets, the US Government Bailout package and on and on, it is easy to caught up in the "negativites" that is permeating your clients. Now is the time to remain positive however, and show your clients and potential clients that the market is still moving. We can help you with this!
Mortgages are indeed available, and a client with good credit, a good job and a downpayment will have no problem getting one. The people on the fringe who may have an issue or two are also likely able to get a mortgage, although we are having to work harder to get them approved. Those that don't fit in currently can be given a plan that we can work with them to get them into a position where they can buy. Regardless of the client's situation we treat them all with respect, and make you look good.
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Good article on Marketing during recessions & depressions:
How brands thrived during the Great Depression
Companies can and do prosper during times of economic turmoil. Take a lesson from brands whose Depression-era advertising strategies were key to their survival.
With the recent meltdown on Wall Street and talk of a possible depression, I thought it would be instructive to do a bit of research on what happened with regard to advertising during the Great Depression. I have heard anecdotes over the years of great companies founded during recessions. What do GE, Disney, HP and Microsoft have in common? They were all startups during steep declines in the U.S. economy. GE started during the panic of 1873, Disney started during the recession of 1923-24, HP began during the Great Depression, and Bill Gates and Paul Allen founded Microsoft during the recession of 1975.
continue article: click here |
Useful website for Your clients
Apart from our own website www.lloydonline.com (which is currently being reno'd, watch for changes soon!) here are some helpful links to provide to your clients who are looking for more information on mortgages.
If you need more specific information, please let us know! |
| Why the right lending partner is so important now...
Six months ago, there seemed to be lots of deals for you to grab...if your lending partner of choice couldn't get a deal done, there was always more out there. That was a long time ago. There are now fewer deals to go around, and when you have one, you need it to get approved and close. Are you willing to risk that to your local branch or a lending rep? An Independent Mortgage Broker can deal with over thirty lenders instead of one. What makes Michael different than the other brokers you can choose? 20 years lending experience, 9 as an Independent Mortgage Broker, and his South Surrey office is one of the highest mortgage volume teams in British Columbia. That means when your client is referred to Michael he has the knowledge and the volume to get them approved and with the best product. Lenders offer special packages and approve more for their best brokers. Does this mean he gets everyone approved, of course not, but if there is any way to get it approved, Michael will find it. So when your client says they need a mortgage, refer it to Michael and you can feel comfortable your deal is going to close...isn't that the most important thing?
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| About Invis on the Peninsula
Invis on the Peninsula is a group of Mortgage Experts led by Michael Anthony Lloyd who believe in looking after their client's best interests over the long term. With a combined lending experience of over 75 years they have the experience to find the best strategy for any situation. Their business is built on a referral basis, the referral of a friend or family member is the greatest compliment they can receive.
Michael Anthony Lloyd is an Accredited Mortgage Professional & member of the Canadian Association of Accredited Mortgage Professionals as well as the Mortgage Brokers Association of BC.
The comments & opinions contained within are strictly those of the author, no guarantees are made. All Rights Reserved Michael Lloyd 2008. |
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