Every year we ask our trusted and local Hilton Head advisors to take a look at where we have been to get a better understanding of where we may be going.  These market trends help us better adapt to this changing market and help us guide our clients and customers as they research the Hilton Head Real Estate Market.  Below is the real estate financing update and video. Read the rest of this entry

Get a free credit report today!

Now is an incredible time for you to purchase a new property or look at refinancing your current property. To be sure you do not miss out on this opportunity Mortgage Network is offering a free credit report with every consultation.

All credit reports are not the same!

It is important to note that while credit reports are available online, the scores do not accurately reflect your score when being considered for mortgage purposes. Liabilities are weighted differently when the report is done for mortgage purposes rather than informational purposes. Our report will give you immediate insight into the interest rates and terms that are available based on your score.

All you need is the attached form and we will issue a report immediately. This is a $30 value.  Simply print the form and fax back to 843-785-6404 to the attention of David Crowell.

Looking forward to an exciting 2010!

David Crowell
Senior Loan Officer
Mortgage Network, Inc.

dcrowell@mortgagenetwork.com
1000 William Hilton Parkway
Suite 205
Hilton Head Island, SC 29928
Office: 843-842-4004
Fax: 843-785-6404

Hi Robbie,

I just wanted to take a moment to give you a quick update on the current market. We are seeing an unbelievable number of new clients in the last six weeks. People are buying and are excited to be taking advantage of the amazing prices available in our market. Deals are going smoothly and rates are still at record lows on conforming and jumbo mortgages.

The single biggest difference we have noticed is that we are now meeting with clients prior to them shopping for a property. This is working extremely well. The clients know what they can comfortably spend. Their realtor knows the clients are pre-approved and that there is financing available for the price range they are shopping in. We can even help with how the contract needs to be constructed for financing purposes. It basically eliminates unwanted “surprises” that can be deal killers in this environment.

Please encourage your clients to get their financial strategy in order prior to signing a contract. It really helps us be more effective as lenders and helps us get deals closed in a smooth and timely fashion.

We are looking forward to a fantastic 2010!

David

David Crowell
dcrowell@mortgagenetwork.com
Senior Loan Officer
Mortgage Network, Inc.
1000 William Hilton Parkway
Suite 205
Hilton Head Island, SC 29928
Office: 843-842-4004
Fax: 843-785-6404

An update from David Crowell:

Dear Friends,

The last two years have been uniquely difficult in the housing market. The good news is here, and it needs to be trumpeted: The cost of home ownership is at its lowest in decades! 

Consider the following:

• Interest rates are as low as they have ever been, and are today 42% lower than in April 2006 (at the height of the boom)
• Single family residences are priced at least 25% less than at the height of the boom
• The combined financial effect is a 55% DISCOUNT in the cost of home ownership

Understand and practice talking about it. For example, “You can own a $500,000 home at the cost of a $230,000 home!” OR you can own a $500,000 home but make half the payment!”  We all need to say to our clients:

“If you are lucky enough to be a BUYER versus a SELLER in this market, there is NO remaining rational reason to delay. This is the very best moment in decades.”

Any client who needs convincing should be encouraged to call me or one of my team. WE BELIEVE IT!!! We will confidently SELL for you!

Warm Regards,

David Crowell § Senior Loan Officer

Mortgage Network, Inc. § Hilton Head, Since 1997

The Village at Wexford § 1000 William Hilton Pkwy, S205

Hilton Head, SC  29928

Phone: 843-842-4004 § Asst. 843-341-0128

dcrowell@mortgagenetwork.com 

 www.mortgagenetworksouth.com