RESIDENTIAL LENDING NEWSLETTER
You are receiving this letter because you are a client of either Blackburne & Sons or C-Loans, Inc. Removal instructions are below. Today we'll talk about some economic good news that is going to surprise the markets to the upside. And, as always from Blackburne & Sons, we have lots of clean jokes, gags, and funny videos for you.
Joke Du Jour
My daughter couldn't muster the willpower to lose unwanted pounds. One day, watching a svelte friend walking up our driveway, she lamented, "Linda's so skinny it makes me sick." "If it bothers you," I suggested gently, "why don't you do something about it?" "Good idea, Mom," she replied. Turning to her friend, she called out, "Hey, Linda, have a piece of chocolate cake."
Fast, Easy Home Loans for Flippers
We love residential investors and house flippers. Got a non-owner residential loan request in California? Please call me, Tim Brannan, at 916-338-3232, email me at timb@blackburne.com, or simply complete this easy mini-app. Blackburne & Sons has been in business for over 31 years now.
The good news on the economy is coming up in a few more sections.
Finishing Joke
My therapist told me that the way to achieve true inner peace is to finish what I start. So far today, I have finished two bags of chips and a chocolate cake. I feel better already.
Earn Huge Referral Fees for Commercial Loans
Referral fees on commercial real estate loans are perfectly legal, and you do not have to be licensed. Blackburne & Sons will pay you a referral fee of 20% of our net loan fee, just for providing us with the name and number of a potential commercial mortgage borrower. We once paid a referral fee of $21,250 on a single deal!
Please click here to refer us a commercial loan.
That good news on the economy is coming up shortly.
Stroller Joke
While I sat in the reception area of my doctor's office, a woman rolled an elderly man in a wheelchair into the room. As she went to the receptionist's desk, the man sat there, alone and silent. Just as I was thinking I should make small talk with him, a little boy slipped off his mother's lap and walked over to the wheelchair. Placing his hand on the man's, he said, "I know how you feel. My mom makes me ride in a stroller too..."
Good News on the Economy
Oil workers in North Dakota and Wyoming are making over $70,000 per year, not counting overtime. The unemployment rate in North Dakota is 3.1%. Shale oil deposits are also being extracted in Louisiana, Utah, Colorado, and a number of other states. Estimated U.S. shale oil reserves total an astonishing 1.5 trillion barrels of oil – or more than five times the stated reserves of Saudi Arabia.
Using modern horizontal drilling techniques and fracking, the chances of an oil driller hitting a dry hole - according to one industry expert - are basically zero. Zero? Yup. Zero.
Therefore, the rumors of the death of the American economy have been greatly exaggerated. The cash from these high-paying jobs is now working its way through the American economy. Therefore, for the first time in a long time, there are some positive economic suprises coming down the pike. So be smart. Buy some rental houses today! And let us finance them.
Paul Newman Joke
Paul Newman founded the Hole in the Wall Gang Camp for children stricken with cancer, AIDS, and blood diseases. One afternoon, he and is wife, Joanne Woodward, stopped by to have lunch with the kids. A counselor at a nearby table, suspecting the young patients wouldn't know Newman was a famous movie star, explained, "That's the man who made this camp possible. Maybe you've seen his picture on his salad dressing bottle?" Blank stares. "Well, you've probably seen his face on his lemonade carton." An eight-year-old girl perked up. "How long was he missing?"
Hungry for Commercial Loans Too
Blackburne & Sons is also looking for hard money first mortgage loans - up to $1.5 million - secured by commercial properties nationwide (not just California). Our private money loans almost never have a prepayment penalty.
Got a residential loan request in California or a commercial loan request anywhere in the country? Please call me, Tim Brannan, at 916-338-3232 or email timb@blackburne.com
Best Friend Joke
A dog is truly a man's best friend. If you don't believe it, just try this experiment. Put your dog and your wife in the trunk of the car for an hour. When you open the trunk, who is really happy to see you?
On a Personal Note...
Each loan officer should insert his personal paragraph here.
Birds and Bees Joke
On the way back from a Cub Scout meeting, my grandson innocently said to my son, "Dad, I know babies come from mommies' tummies, but how do they get there in the first place?" After my son hemmed and hawed awhile, my grandson finally spoke up in disgust, "You don't have to make up something, Dad. It's okay if you don't know the answer."
Residential Rates and LTV's
Blackburne & Sons will lend up to 70% LTV on purchases, provided the buyer puts down at least 20% of the purchase price in cash, his middle credit score is at least 680, and he has the capacity to repay. The seller can carry back a second mortgage for 10% of the sales price.
We will often lend up to 60% LTV on refinances, provided the borrower's credit score is at least 680, and he has the ability to repay. The term of most of our home loans is three years.
Our interest rate will vary from 8.9% to 12.9%, depending on the safety of the deal and the desirability of the property and neighborhood. Most of our home loans will be either 9.9% or 10.9%. We charge only 2 points on home loans, and we will go down to par, if necessary, to land a very safe and desirable loan.
Amazing Video
Here's you'll see a cat on a boat sweetly and gently playing with a dolphin.
Contact Me
Got a mortgage loan request? Please call me, email me, or simply complete this easy mini-app:
Tim Brannan
NMLS - 389670
Blackburne & Sons Realty Capital Corporation
4811 Chippendale Drive, Suite 101
Sacramento, CA 95841
Phone: (916) 338-3232 x304
Fax: (916) 338-2328
Email: timb@blackburne.com
About Tim Brannan
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