I have my own smart phone APP!
I have my own smart phone APP!
I used to joke that if you needed to get a home loan, I had an App for that! Get it? I have a loan APPlication for that……. Yeah, nobody else thought it was that funny either.
Now I actually do have my own App at the apple store and I have a Blackberry App as well and it will soon be made into an Android app so I have all the bases covered.
It is pretty simple really. It is free and I can share it with anyone I like and they can use the mortgage calculator or the prequal tool or simply check my rates if I decide to post them (yes, it is interactive and the rates can be changed as often as I like). Right now I have it set to simply contact me for rates since it is a volatile market.
I am excited at the prospect of sharing this with Realtors who can do a quick basic prequal and email it to a client right from the app or simply calculate a payment right there. Of course the goal here is to have Realtors running around with ME in their pocket all the time and hopefully that drives some business my way.
My clients can also use the tool to calculate payments and that will be helpful as they are out looking at homes or considering refinancing. The app can be shared right from the app itself by hitting the “tell a friend” button.
Have you heard of QR codes? They are kind of like bar codes and when you scan them, they can
give you messages in text or send you directly to a web site. They are pretty cool and the QR code to the right when scanned with your smart phone will determine what type of phone you have and send you to the right download spot.
You can also download at Working business card or simply search in your apps for LoanApps and download
You need a code to enable the app and my code is 7075299951 Try it if you like.
Loan Professionals: I did not create this app myself, I licensed it from a great company out of Canada and they have a US and a Canadian version and you can get it by clicking the banner below.
HAVE FUN OUT THERE!
Hans Bruhner
February 26, 2011 by Hans Bruhner · 2 Comments
My goal is to give you the information so that you can make an informed decision on your next mortgage. If I can help you directly on a California mortgage that would be nice as well.
Can you handle the purchase financing of a geodesic dome home in Big Bear, San Bernardino county of Southern California? It’s about 2 hours from downtown LA at 7,000ft.
BofA approved it until the appraiser described it as a dome home and the loan was denied.
But, the loan was approved for $400,000 with a $500,000 purchase price… 80% LTV.
Please advise. If you can’t handle do you have any suggestions as to what institution might?
I’d appreciate it. You can see the property at http://www.bigbeardomehome.com
Thanks.
Paul
Paul,
That is a beautiful home and I may be able to help you finance it but it will be tough. The reason that B of A did not like the fact that it is a dome home is because banks are not creative, they want cookie cutter homes. What the underwriter would call that is a marketability issue. I did go look at the website and it is a beautiful home and it looks extremely marketable and so I need to translate for you. What the bank means is that they do not have comparable sales of other dome homes in the area that have sold in the last 90 days and prefereably within 5 miles of the subject property. That is what they want and they are happy to take a pass if it does not fit in that box.
Sometimes you need to turn to a community bank or credit union to get a home like that financed and they can do it and keep it on the books as a portfolio loan. They may want to see a larger down payment and they may want to see a shorter term like a 5 or 7 year fixed.