If you have an FHA mortgage, you NEED to watch this:

15 08 2012

Painless refi without an appraisal.

If you bought or refinanced a home with an FHA loan before spring 2009, you could take advantage of the painless, appraisal-free refinance!

Painless refi without an appraisal.

There is no appraisal required, almost no documentation required, and I pay most of your closing costs.  (subject to credit score and loan amount requirements)  Please look at this case study and contact me for a personal savings report.

Painless refi without an appraisal.

 

Wilhelm Koenig

 

 

Advertisements




Where will you be in 15 years?

3 01 2012

How about debt-free?

The average American who starts a 30 year mortgage pays it off in 37 years.  The average American on a 15 year mortgage pays it off in 8 years.

Are you above average?

If so, let’s talk.  I’d like to help you save tens of thousands of dollars on your home.

Wilhelm Koenig

405.249.5993 cell





How to save an additional $150,000 on your home:

30 12 2011

Small step #2.

So you own a home– congratulations!  You’re decades ahead of the average renter and are on the path to win.

Over time, your income will likely increase, and your current debts will decrease.  This can help you make the second small step towards financial freedom: The short-term mortgage.

By refinancing to a 15 year mortgage, your interest rate will usually be 1-3% less than your current 30 year rate.  Also, every dollar you spend gives you the same result as $3 towards a 30 year mortgage.  And in the first 12 months of a 15 year loan, you will build more equity than 4 years of payments on your 30 year loan.

Imagine you’re driving to your beach vacation and you could take a route that would get you to the same destination, but in half the time with only 1/3 of the costs, giving you an extra week of time on the beach.  The catch is you’d have to give up two McDonald’s meals on the trip to enjoy an extra week in paradise.  Which route would you choose?

When you’re ready to make a choice to save more money on your home, I’m ready to help.  Please contact me for a personal savings report, to see how much extra time on the beach you’ll get.

And if you can only afford your current monthly payment, we can usually still save you 1% and a decade of payments with a 20 year loan.  So please reach out to me to see how much you’ll save.

As always, I’m here to help.

Sincerely,

Wilhelm Koenig

405.249.5993 cell





How to get $1/2 Million Dollars Ahead.

27 12 2011

Small steps for big results.

In life, there are a few small actions that you can do that will have a tremendous benefit for you.  The biggest is to start and grow your own successful business.  But whether you’re an entrepreneur or not, everyone needs a roof over their head.  And how you finance that roof can put over $500,000 in your pocket or someone else’s.

The average renter in Oklahoma pays about $750 per month in rent.  Property values and rent typically rise about 3% per year in Oklahoma, and over the 30 years that typically make up your working life, you would have spent $435,019 in rent, and have not even on cent of equity.  That’s what I call a terrible deal.

By buying a home with a similar monthly payment, not only would you own a paid-for home worth $327,680, but you would have saved $53,640 on your taxes as well.  By year five in your home, you would have received more back on your tax returns than you put down for the down payment.  The IRS pays you back for your investment, you make the same monthly payment for a house that pays YOU back.  That’s what I call a smart deal.

Let’s look at the math:

Renting:

Costs                                             $-488,659.00

Benefits                                                      $0.00

Total                                             $-488,659.00

Owning a home:

Costs:                                            $-237,172.00

Benefits, equity                            $327,680.00

Benefits, tax savings                      $53,640.00

Total                                                $144,148.00

So you can pay almost $1/2 Million to a landlord for no benefits, or you can pay yourself and come out over $1/2 Million ahead.  It’s your choice.  And when you’re ready to make a smart choice for you, I’d like to help you.

Wilhelm Koenig

405.249.5993 cell





New Funding Fee changes for Rural Development loans

15 11 2011

On Oct 1st, 2011 the funding fee for Rural Development loans decreased from 3.5% to 2%.  But there will now be an annual charge of .30%.  This fee will continue for the life of the loan.  This is not technically called mortgage insurance, so it will not be bound by the same terms.  This means it will not drop off once you pay down to 80% of the original appraised value.

RD refinances will feature a 1% funding fee instead of the new 2% fee.

Over 90% of the land in Oklahoma is rural, so check the link below to see if your home is eligible:

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

And contact me to see if you qualify for Rural Development financing.

I look forward to helping you become one of the Oklahomans who I’ve helped save over $20 Million dollars just this year on their homes.

Wilhelm Koenig

405.249.5993





I will trade you $300,000 for 1.5 hrs of your time

31 10 2011

If you are a renter, you will likely waste over $300,000 of your money on rent over the next 30 years.  And receive nothing to show for it.

That is like buying your landlord 600 iPad 2s.  What if you could those iPads and that money in YOUR pocket?  Would it be worth an hour and a half of your time?

On Thursday Nov 3rd, from 5:30 – 7:00 pm, I will be hosting a seminar to reveal the secrets of changing your financial future through buying a home.  Hideaway Pizza will be served, but space is limited.  Please RSVP in advance to

Wilhelm Koenig

405.249.5993

And we will see you at 5:30 pm on Nov 3rd at the Professional Insurors building, 7301 N. Broadway Extension Ste. 200, Oklahoma City OK 73116.





Why do I get to skip a payment when I buy or refi?

3 10 2011

In some situations, you could skip two payments.  But let’s take a closer look at what is happening with the first payment on your loan.

Interest is always paid in arrears on a loan.  This means that the interest has to accumulate before there is anything to pay.  It’s like a water bill- you use the water first, the utility company checks to see how much you owe, and then bills you the next month for the previous month’s usage.  So the interest accrues during your skipped month and your first payment applies to the interest from the previous month and the loan principal.  That’s why you get to skip a month.

How do I get to skip two months?  If your loan funds during the first 5 days of the month, you could pay less closing costs and skip one payment, or pay slightly more and skip two.  Since you are only paying the interest for the skipped month, it’s usually only about 2/3rds of what the normal payment would be.

Many times a home purchase or refinance happens when you’re going through a life change– a new marriage, baby, job relocation, divorce or death in the family—and many times skipping one or two payments helps with all the small “other” costs that go along with these life changes, whether they are diapers for babies or diapers for taking in elderly parents.

I am honored to help you save money on your home financing, especially when you are going through these life transitions.  So far I have saved fellow Oklahomans $18.3 million on their homes this year, and I want to help you be a part of that savings.  Please reach out to me, and I’m happy to help.

As always, here to serve,

Wilhelm Koenig

405.249.5993