Thursday, March 13, 2014

The Future is Here with DealTap

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Friday, November 22, 2013

Why do Self Employed Mortgage Applicants Warrant Special Consideration

Self employed mortgage applicants often have a difficult time getting approved for a mortgage. Although they might be earning enough money to service a mortgage, the banks want proof of income. Self employed applicants cannot always prove income adequately to satisfy the bank, either because they get paid for jobs in cash, or because they are showing maximum expenses in order to minimize the amount of tax they need to pay.

What's worse is that many businesses are seasonal in nature and more than salaried employees, self employed people often NEED flexible financing to survive during the slow season. 

If you are starting a new business venture and want to purchase or refinance your home, good luck getting approved at the bank. 

Another reason self employed people need flexible financing - you might have an opportunity that requires access to cash, for example, cheap inventory becomes available you could stock up and sell later at a considerable profit. 

If you have equity in your home and need fast, flexible financing, call me at 416 876 2031.

David Grossman
Verico Safebridge Mortgage Solutions
Website: http://www.mortgagemensch.ca
Youtube Channel: http://www.youtube.com/user/MortgageMensch
License # M08005924
416 876 2031


If you are receiving this feed as an e-mail and don't see the post, please click back to the blog page http://mortgagemensch.blogspot.com/ as it is probably a video that has been posted. Thank you for subscribing to this blog! For more information call David Grossman at 416 876 2031 or go to http://www.mortgagemensch.ca to visit website.

A Mortgage Broker Should Offer More Than Just Money

This morning I spoke with a small real estate developer who has a problem. He is knee deep into a great project that won't break ground until the spring and he is short on cash. The bank won't lend him money because he hasn't reported income in two years. His income comes in fits and starts, like a flood when he is harvesting a project, but in the farming stages, there's no income.

He has considerable equity on the land he owns and on his principle residence. He was really confused and he didn't know what to do. He thought maybe he needed to get his construction financing in order quickly. I helped him to realize that it was premature to get the construction financing in place, and it wouldn't help solve his immediate problem anyways, which was cash flow. 

What he needed was a small second mortgage on one of his properties to relieve his cash flow problem, stay current with his day to day obligations, and give him the winter to organize his construction and long term financing plans. 

He was grateful. 

Some days we get so busy searching for loans opportunities and negotiating deals we forget, its not just about the money. It's really about the people who need the money.

When you're in dire circumstances, a mortgage broker can make or break you. Give a guy bad advice when he's in a pinch and you'll sink him. Give him good advice, and before you know it, he's back on track. 

Mortgage brokers should do more than just broker loans. A good one will help you come up with a strategy to get you the cash you need, when you need it, at the right price. 

For mortgage solutions, call me.

David Grossman
Verico Safebridge Mortgage Solutions
Website: http://www.mortgagemensch.ca
Youtube Channel: http://www.youtube.com/user/MortgageMensch
License # M08005924
416 876 2031

If you are receiving this feed as an e-mail and don't see the post, please click back to the blog page http://mortgagemensch.blogspot.com/ as it is probably a video that has been posted. Thank you for subscribing to this blog! For more information call David Grossman at 416 876 2031 or go to http://www.mortgagemensch.ca to visit website.

Sunday, January 27, 2013

I was recently interviewed on MortgageBrokerNews.ca. They asked me why a mortgage broker would want to leave one brokerage to join another. Click on the image below to watch the video!
As seen on mortgagebrokernews.ca

   




If you are receiving this feed as an e-mail and don't see the post, please click back to the blog page http://mortgagemensch.blogspot.com/ as it is probably a video that has been posted. Thank you for subscribing to this blog! For more information call David Grossman at 416 876 2031 or go to http://www.mortgagemensch.ca to visit website.

Monday, December 10, 2012

Find the best mortgage broker

Finding a mortgage broker is not hard. There are about as many mortgage brokers as there are real estate agents, insurance agents or investment advisers  Reality is they are a dime a dozen.

Finding the best mortgage broker, or even a just a mortgage broker who is well suited to service your particular mortgage loan requirements is another story.
Why are there so many mortgage brokers, or mortgage agents around? The reason is that there are few barriers to entry. Unlike law school or medical school, where you have to go to school for many years, practically anyone can become a mortgage broker or agent. The educational requirements are minimal – you need to take just a one week course – and the cost is low. If you have an extra week on your hands and a thousand dollars - that’s how much you’ll need to pay for the course, licensing and insurance - then Bob’s your Uncle, as they say.
As a result of the low entry barriers, there are many, many people signing up to become mortgage brokers or agents. There is no apprenticeship or internship period required either, which means you have a lot of licensed brokers and agents running around with little or no training.
The competition is for business is fierce, not only from other mortgage brokers, but also from banks, who have very deep pockets.  As a result of all the competition, it can take a long time for a mortgage broker or agent to gain a lot of experience, unless they are excellent marketers or have some great referral sources.  This makes it difficult to even find a good mortgage broker, let alone the best mortgage broker.
So how do you find the best mortgage broker?
You must shop around! Talk to a number of different mortgage brokers. Get referrals from people you trust and get educated! You might need to talk to four or five mortgage brokers before you find the best mortgage broker because you need to learn.  Depending on the type of mortgage you are trying to secure, some mortgage brokers will try and get a large retainer from you – be careful! Do not give anyone anything until you are fully convinced the broker can do the job for you. Learn something about the rules of the game, ask a lot of questions and find someone you feel has your best interests at heart!
If you have excellent credit and provable income, the best place to get a mortgage is still the bank.  However, banks are very picky about the people they want to lend money to. If your credit isn’t perfect, or your self employed and you arent reporting income that is commensurate with your station, you many even be a very high networth individual and have trouble getting a loan from the bank.  


If you are receiving this feed as an e-mail and don't see the post, please click back to the blog page http://mortgagemensch.blogspot.com/ as it is probably a video that has been posted. Thank you for subscribing to this blog! For more information call David Grossman at 416 876 2031 or go to http://www.mortgagemensch.ca to visit website.

Thursday, July 19, 2012

Are you looking for a unique & effective way to market your services?

Do you have the gift of gab?

Start your own interactive, internet based real-estate TV show!

We will produce a live broadcast on www.livestream.com/alltalktv
 for you for just *$150 per half hour show. You can pay as you go, or you
 can contract for up to 10 shows to be used anytime between now and
December 31st 2012, if you want to lock in at this price.

*Limited time offer for real estate professionals. Offer expires September 31st 2012

We provide:
• Live camera switching using 3 high quality HD video  cameras
• Professional LED lighting
• Professional set
• Wireless lav microphones for you and your guests
Also provided at no extra charge:
• Integration of your photos (jpegs) into your live production
• Titles - names and contact info for you and your guests ie website,
phone number etc. to be displayed onscreen during your show

Graphics for the intro and bumpers (bumpers are used when coming in and
out of commercials):

We will provide, at no extra charge, a simple graphic with your name and
 the name of your show; for example - The Real Deal with host and real
estate broker Mark Cadesky - or, for a $200 onetime charge, we can
provide a more elaborate graphic to include music and moving images like
 the one shown at the beginning of this show:  https://vimeo.com/45528478.

Sharing/Archiving of Videos

We will upload your show to Youtube or Vimeo within 2-business days
following the broadcast where it will remain indefinitely, and send you
the link you can use to share the video with your online community using
 email, Facebook, Linked In, Twitter etc. The video can also be easily
embedded in your blog or website. We will embed the video on our website
 - www.alltalktv.com - and share
 on our Facebook and Twitter accounts. In other words, people who miss
the initial broadcast can watch it anytime afterwards, and you will
continue to enjoy the benefits of the exposure for years to come.  

Editing (optional):

Usually editing is not required because we are able to integrate all the
 required show components into the original recording/broadcast ie intro
 graphic, photos, camera switching, titles and bumpers; however, if
editing is required the cost is $35 per edit.

Show Content:

You will be responsible for the content in your show and for bringing
your own guests/interview subjects, or you can do the show on your own.
Examples of guests on a real estate show are mortgage specialists, real
estate lawyers and home inspectors, but why stop there? Why not bring in
 representative from your favorite charity or perhaps a local
politician. Be creative.  You could also do a show on your own without
any guests; for example - Johnny Sample's Real Estate Picks of the Week -
 where you talk and we role photos of your favorite listings.

Commercials:

Each 30-minute show/production needs to allow time for 4 minutes of
commercial time.  Half the available commercial time (2 minutes) will be
 reserved for Alltalktv.com and its advertisers. You can use the other
half of the time (2 minutes) however you like. We also offer boutique
production and can produce a television commercial for you to air on
your show, for an additional fee (optional).

Viewers:

Alltalktv.com is a growing network - we currently produce approximately
20 different talk shows and the founder, David Grossman, personally has a
 following of nearly 5,000 people on Facebook - however, for best
results, we recommend you develop and manage your own online marketing
system to grow your audience.

Our production platform - we use industry standard platforms like
Livestream, Youtube and Vimeo - makes it easy to share and distribute
video online. You can even embed the live broadcast onto your website,
without any programming!

If your guests have an online following they might also want to share
the show with their community which will give you additional reach and
exposure for your show and your services!

Interact with Viewers in Real Time:

Viewers can chat with you online during your show via Livestream chat,
twitter and Facebook in real time. Please bring your own laptop to the
shoot/broadcast.

Choose Between Two Different Set Designs:

We currently offer two different set options.  Set #1 has a desk for the
 host and single tub chair for the guest, giving your show a Jay
Leno/David Letterman feel to it.  Click here to see a sample show
produced using set #1: https://vimeo.com/45528478.
 Set #2 utilizes two tub chairs for you and your guest (more like
Ellen), putting you and your guests on a more level playing field. Click
 here to view a sample show produced on set #2: http://youtu.be/igQFZ_Vk1Hw
 

Optional services available at an extra charge (inquire):
• Extended show length (up to 1-hour)
• Interview remote guests via skype
• On site shows at a location of your choice

Don't delay starting your show, take advantage of our limited time
offer. Call David Grossman now @ 416 876 2031 and book your studio time.


Give yourself the marketing edge 
you deserve!


If you are receiving this feed as an e-mail and don't see the post,
please click back to the blog page http://mortgagemensch.blogspot.com/
as it is probably a video that has been posted. Thank you for
subscribing to this blog!  For more information call David Grossman at
416 876 2031 or go to http://www.mortgagemensch.ca to visit website.
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