Archive for the 'Educational events' Category
Greg Frost Sr. Featured in the New Zealand Mortgage Mag
December 14th, 2011
Written by Frost Mortgage
Greg Frost Sr. was chosen as the keynote speaker for the New Zealand Mortgage Brokers annual kickoff conference recently and featured on the cover of Volume 10, Issue 7 of the New Zealand Mortgage Mag. Greg Frost Sr. delivered ” A strong dose of Frost bite” to the attendees of the conference and the magazine’s Sr. writer, Jenny Ruth.
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Aristotle wrote………”the proof that you know something is that you are able to teach it.”
August 24th, 2011
Written by Frost Mortgage
Greg Frost, the mortgage industry’s 1st Billion Dollar Originator, knows how to develop unique value, build reciprocal relationships and leverage every loan in process into several additional opportunities.
He has mastered how to achieve multimillion dollar per month personal production year after year throughout his career.
He knows how to do it. He revels in every opportunity he has to share how it is done.
Greg just returned from New Zealand where he shared his strategies with hundreds of Kiwi Loan Advisors at the NZMBA annual convention to rave reviews.
Consider inviting Greg to teach your team. You’ll be glad you did.
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Greg Frost Keynote speaker at New Zealand Mortgage Bankers Association Conference
July 15th, 2011
Written by Frost Mortgage
Greg Frost will be the key note speaker at the New Zealand Mortgage Bankers Associations annual conference in Auckland, the first week of August.
Darren Pratley, President of the New Zealand trade association reports that registrations for the August 4 conference are already the largest ever. “We made a decision to hire mortgage industry icon, Greg Frost, to come all the way from the U.S., to share his proven production strategies with us. This has stimulated tremendous interest in the meeting and is proving to be a very good investment.”
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LEARN THE MORTGAGE LINGO
March 17th, 2011
Written by Frost Mortgage
Since first-time buyers are new to the market and will finance a significant portion of their purchase, it’s important to get familiar with the processes and terminology associated with home buying.
- Bait Rate: Misleading mortgages with low rate promises and no contingencies generally for those with extraordinary credit. Rates are based on: credit, debt-to-income and loan-to-value ratios, the size and type of loan, property location, and the day you lock your rate, etc. The loan isn’t locked until the application is accepted. By then, it may be too late to find a better rate from another lender.
- Basis Point: A term used in the mortgage industry which simply means 1/100th of 1 percent.
- Closing Costs: The fees required to process and close your loan. They’re a cash obligation running from three to five percent of the purchase price. Motivated sellers might pay a portion of these costs.
- FHA: Federal Housing Administration, the Federal Government Agency that oversees the US Housing market. FHA Loans are loans insured by the Dept. of Housing and Urban Development.
- FRM and ARM: A Fixed Rate Mortgage Loan (FRM) is a loan where your interest rate stays the same for the life of the loan. ARMs are Adjustable Rate Mortgages with variable interest rates that fluctuate based on an agreed-upon index.
- GFE: The Good Faith Estimate (GFE) is a document explaining all costs involved in getting a loan.
- TIL: The Federal Truth-in-Lending Form is a document that spells out the costs and fees of the loan.
- Lis Pendens: An official notice that there is a pending lawsuit over real estate.
- Per Diem Interest: Interest you pay per day, from the day you close to the last day of the month.
- Underwriting and Underwriting Fees: Underwriting is a process the lender performs to qualify a borrower for a loan and the fee is what you pay the lender at closing to cover evaluating the risk involved with loaning you money.
- Warranty Deed: A legal document guaranteeing the seller has a right to sell a property, which is very important if you are considering a distressed or discounted property.
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Mortgage legend Greg Frost live on Twitter 5/10
May 7th, 2010
Written by Frost Mortgage
Frost Mortgage President Greg Frost will inaugurate #FrostMortgageMonday, a live interactive chat, on May 10 at 11:30 Mountain Time.
Whether you’re a homebuyer with a mortgage question or a top producer, broker or loan officer looking for industry insights, this will be a unique opportunity to interact with an industry legend.
Greg has been the #1 residential Mortgage Lender in New Mexico since 1985 and is consistantly ranked by Mortgage Originator Magazine among the top 20 Mortgage Originators in America. Greg is also noted as being the first $Billion Dollar$ Loan Originator, and he is a renowned speaker, trainer and consultant.
Click here to follow Greg Frost on Twitter.
You can also read more about the use of “hashtags” like #FrostMortgageMonday on Twitter or visit TweetChat for an easy way to follow the conversation.
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