Planning the route to your vacation

6 01 2012

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?

Discover the freedom of a 15 year mortgage, but more importantly, experience the fun of the extended vacation afterwards.

The average person on a 15 year mortgage pays it off in 7-9 years.  Where will you be in 7 years?

Please call me if you’d prefer to be on the beach.

Wilhelm Koenig

405.249.5993 cell

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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





Wanna buy a home at 50% off?

22 12 2011

The catch?

You must be a good neighbor.

Seriously.  There is a program called the Good Neighbor Next Door that allows teachers, law enforcement officers, and firefighters/EMTs to buy a home at half off the list price.  I call this the “Half Off Homes for Heroes” loan.  HUD offers this program because they have foreclosed homes in neighborhoods that they want to revitalize.  The best way to revitalize a neighborhood is to encourage quality people to live there.  50% off the sales price of a home is a pretty big encouragement, and I am honored to be able to help some of these heroes get an incredible deal on a home for them and their family.

The heros do need to live in the home for three years to get 50% off, the house needs to be a HUD home that qualifies for the GNND program, and the heroes need to be able to qualify for an FHA loan.  Other than that, it’s pretty straightforward.

For more info on the program:

http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/reo/goodn/gnndabot

HUD’s Single Family Home Locator displays maps of REO properties and special programs such as Revitalization Areas.  There are  many revitalization areas across the country. HUD is always working with localities to designate new areas. For information on Revitalization Area Evaluation Criteria, please see Housing Notice 11-02.

To search for homes/areas:

http://sfgis.hud.gov/index.html

If you are a hero and want to buy a home and save thousands of dollars, I’d like to help.  Please contact me to get started with the Half Off Homes for Heroes.

Thank you for your service, and I look forward to serving you and your family.

Sincerely,

Wilhelm Koenig

405.249.5993





FAQs on how to get the lowest rate: (It’s easy)

6 06 2011



When a client tells me they want to get the lowest rate possible, I think, “Great.  You’ve come to the right place.”  The truth is that we all have the lowest rates.

No one “owns” rates.  No bank or investor corners the market on interest rates.  We all get our rates from the same market.  If you give your information to 10 lenders in town, you will probably get the same rate from all of them, which will be the current market rate for your loan scenario.

“But some lenders use their own money, and could offer below-market rates, right?” 

Banks measure risk to make a profit on their assets.  They either do this well, or they get bought by a larger bank.  Yes, some banks use their own money, usually for loans that they can’t sell on the mortgage market.  But if they do this, all the risk lies with the bank—this means they will either offer an adjustable mortgage so the borrower carries the risk of market adjustments, or they will price the loan high enough so their profits will offset the worst-case rate scenario.  Banks understand risk and offer products that will allow them to stay in business.

“But my loan guy promised he could get me the lowest rate”

Would you trust a stockbroker that promised a guaranteed return on stocks?

“But can’t a lender or loan officer choose to make less?” OR “How did the LO Comp plan affect this?”

It leveled the playing field even more.  Now lenders can only be paid on the loan amount, which means they have no incentive to make more money by giving you a higher or lower rate.  So, even if a lender or loan officer wanted to give you a lower or higher rate, he is forced to offer what his company will allow, which are market rates with the bank’s profits already priced in.

“So what does this mean to me?”

Since the rates are the same, the biggest ways to save on your loan

 are to get expert advice on how to structure the loan to meet your life needs.

Just think– It would be stupid to invest your child’s college money into an investment that was “locked away” until after they graduate, even if it had a higher rate of return.  It would be like buying a car to use as a fancy paperweight.  In the same way, many people end up spending thousands more on their home financing because they get a good rate and the wrong product for their needs.

Please reach out to me for both market rates and expert advice.  Here to serve,

Wilhelm Koenig

405.249.5993





Isn’t it time you fixed your credit?

23 05 2011

A low credit score can raise the price you pay for almost everything: cars, homes, insurance, and anything bought on credit.  Over a lifetime, it can easily add up to an extra $500,000 dollars that you may pay for the same items, the same lifestyle, just with higher interest rates due to poor credit.

And you’re not alone.  Studies have shown that 75% of all people’s credit reports have errors that may reduce their scores.  Luckily, I know a team that can help.  I get solicited by credit repair companies all the time, but I only recommend Continental Credit, and here is why:

They are honest, professional, and very cheap.   While other companies charge $700-$1000 up front before they even begin working, Continental Credit gives you a $100 discount on their lifetime membership (only $88 instead of the normal $188), and they only cost $39 per month.  You can start and stop when ever you’d like with no penalties or extra charges.

Here’s how to sign up with them:

  1. Go to http://www.continentalcreditonline.com/index.html
  2. Or call (866) 488-2066 and ask for Will, Sebastien, or Kadow.

They will let you know exactly what they can do, how long it will take, and your estimated credit score.  As always, I am here to help you finance your life in the way that brings you life– so you can spend that extra $500,000 on what is really important to you.