An Open Letter To California Real Estate Professionals - No Ratio Financing has returned.

PRLog (Press Release) - Jan 18, 2010 -
Berkshire Calloway is redefining how a Full Service Real Estate Company interacts with homeowners and realtors who are seeking; honest, straightforward answers regarding the purchase or sale of a home when one of the principals to the transaction is self-employed and their income is difficult to impossible to verify.

While a homeowner might be considered ‘lay person’ when they are speaking to a mortgage broker about a “No Income Verification” or “No Ratio” mortgage, It should become obvious – early on in the discussion – that in most instances this mortgage broker has few if any resources for lending to self-employed home owner’s and they do not understand that the homeowner is actually a person (not to be confused with a house-owner) with real questions and real concerns and that they are dealing with, most probably, the homeowners largest single investment. It quickly dawns on you that now is not the time for “Salesman”. Berkshire Calloway’s number one goal is match the home owner with the best possible purchase money product which requires no income verification,-in a timely manner. The most important thing that a client looks for from a Lender is their ability to execute and close the transaction at hand - in a timely manner. Your success is directly related to the business relationships that you have drawn upon to help you complete the transaction. Berkshire Calloway uses the power of O.N.E.™ on each and every transaction. Berkshire Calloway is your single source, bundled service real estate provider. We are structured in a manner where we can process and service any real estate transaction with ease. Not only with ease, but with full transparency to all parties involved in the transaction. http://www.nodoclender.com




As stated earlier, nearly 100% of a Self Employed Homeowner’s or Buyer’s problems can be traced directly to the moment that they elected to consummate a relationship with a broker – when they knew that income verification was going to be impossible to document. One of the most commonly accepted definitions of “insanity” is; “doing the exact same action over again, the exact same way you did it the first time, and expecting a different result”. Assume you have signed up with a mortgage broker – after 5 or 6 months do you think you will really remember why you signed up them in the first place? And why hasn’t my loan been approved yet? The broker keeps telling me that they are working on getting my income to qualify… (translation; they are so desperate for loans in this era of all loans requiring full documentation of income, they are trying to find any lender that they can who will somehow magically make your income qualify). The funny this is (actually there is nothing funny about it) there are only three ‘institutions’ that are funding loans right now; FANNIEMAE, FREDDIEMAC and FHA – and each one of these require full income documentation – and simply do not offer any type of “No Income Verification” or “No Ratio” financing.



After our initial conversation, you will be able to hold a knowledgeable conversation with any professional in Real Estate.



As you are faxing sensitive document’s you decide to drive by the Brokers office to say Hi. You quickly notice that they “work” from a Mail Boxes etc., and the only time that they visit “the office”, would probably be to pick up their commission check. I don’t believe that I could quantify the importance between all parties remaining on the same page throughout the transaction – and the transaction remaining transparent at all times to all parties. Let’s be realistic and open about your needs and the possible re-prioritization of you goals that are related to approximately 80% of your fellow homeowners who have reached the same conclusion: You and your spouse would like be in and out of this transaction in the shortest possible about of time. Your goal is not unrealistic and is reachable. You most likely don’t want to make endless calls to a processor or an underwriter to achieve the expected results. You don’t want to have to “beg” for the loan documents. You don’t have the time to baby-sit the people relevant to the execution of the transaction. The headaches can (and will) go on and on. . . IF the first decision you made was an incorrect decision.



Berkshire Calloway allows you to have the flexibility and speed of working directly with a captive bank that is interested in closing the transaction in as timely a fashion as possible vs. trusting your future with a mortgage broker who does not have access to a “No Income Verification” on “No Ratio” loan program. Wouldn’t be nice to be in control of the entire transaction at hand? To know that you control the flow is tantamount to success. To know that your goals will and can be realized will leave you with a calming effect, free of anxiety and stress. For the last 20+ years this has been business as usual at Berkshire Calloway. How many banks do you know that provide stated income (No Income Verification) loans in today’s market at “A” Paper Rates? (the answer as far as we are aware is Zero – excluding Berkshire Calloway). Many of our competitors (whom are still in business) use us regardless of whether we may be in direct competition with them or not. Competitor or not, they do understand that they can not put your life on hold for 90+ days due to a difference in time horizons or goals. Even if a “mega-distribution network” purports to offer a seemingly unobtainable reality, consistent quality and service is the trademark of this corporation. A foundation with roots dating back to the mid 1980’s.



How many companies out there work under the premise of a Guarantee? I’ll save you time; the answer is zero. Berkshire Calloway is proud to tender the following Guarantees: 1) We Guarantee that each transaction will be free of surprises or other predisposed events. We Guarantee that the given transaction will be brought to a timely conclusion and resolve. We Guarantee all documentation will be explained clearly and thoroughly and lastly, We Guarantee that each transaction closed with Berkshire Calloway will be a positive experience for each and every interested party.



If you are ready to develop a strong, real-time relationship with a company that understands that information is power, and that utilization of this information is paramount to a timely successful close. Then please do not hesitate to; call, email or stop by our office today (Yes we have offices in Newport Beach and Coto De Caza). We have put the Power to close back into the hands of the home buyer.



For additional information, please contact Greg Steinaker at: 949-713-0390 or 949-632-7006. Or e-mail; info@berkshirecalloway.com or sales@berkshirecalloway.com  For employment opportunities please e-mail your resume' to: human.resources@berkshirecalloway.com

Photo:
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