InfoMinute Seminar

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Midtown's InfoMinute Seminar

The question I see often is:&nbsp; "how much does a borrower need to put down to obtain a mortgage"?&nbsp; Without saying "it depends"&nbsp; in reality is does depend if the loan amount is Conforming or Jumbo.
For a conforming loan, if the borrower is a first time homebuyer, the minimum down is 3%, and 5% if they have owned ral estate in the last three years.&nbsp; For a Jumo loan, the minimum down payment is 10%, and to get a much lower rate, 20%.
Interest rates are risk based, so there are many factors that go into pricing a loan.&nbsp; As such, when qualifying a potetntial borrower all the fact needs to be known upfront in order to provide an accurate breakdown of the down payment, closing costs, and interest rate.

There is always more than one right answer to a question – which is why questions on a FeedForward Card create a series of InfoMinutes, not a single, simple, response.
<ul>
<li>Share a question you received, then explain why there are two distinct answers based on size or amount.&nbsp;</li>
<li>Include the situation where each answer would be appropriate.</li>
</ul>

What to Do to Get Referrals from FeedForward Cards

The Right Amount | PowerCore.net

The Right Amount

Recognizing a Team for 100% participation in the Referral Trigger response.

100% Club

Recognizing serving in all 5 primary officer roles

Hand Pin

10-year Pin

5-year Pin

3-year Pin

Property & Casualty Insurance

Gold Star Pin

Professionalism: Tasked with running a professional weekly meeting and directing the LeadershipCore in alignment with a proven success structure.

TeamCoOrdinator

Equality: Provides an equal platform for self-promotion so Members both recognize and receive referrals.

ParticipationCoOrdinator

Opportunity: Provides a steady stream of new opportunities.

VisitorCoOrdinator

Quality: Provides an environment of quality and trust so Members are comfortable referring clients to each other.

MembershipCoOrdinator

Integration: Integrates new Members so they give and receive referrals as quickly as possible.

MentorCoOrdinator

Integration: Assists the MentorCoOrdinator.

MentorCoOrdinator 2nd

Recognizing having completed Mentor coffees, Orientation, InfoMinute Seminar, and 90 day evaluation.

Jonathan Minsk

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