Breakfast on the Pier - You Go!!! It's Great

You have GOT to go to this event!! You get all you can eat pancakes while dining on the Ocean Beach Pier.

What a great way to start the day. Come for the cakes, stay for the beach. You can get ticket in advance, but not to worry if you don't have the time. You can pay at the door!!!

Your donation helps support the Ocean Beach Christmas Food and Toy Drive. What could be better. You get the warm fuzzy of donating to a great cause ... PLUS the warm fuzzy of some of the best pancakes anywhere.

There might even be an adult beverage floating around!!

Bring your friends, bring your kids, bring your friends kids and be a real hero!

See you Sunday morning on the Pier!!!

Bob

Tools You Can Use!!

Homefinders Club is the most useful tool a buyer can sign-up for in their quest to find a new home and obtain the lowest cost mortgage. And best of all ... it is ABSOLUTELY FREE!! Go to Pink Flamingo Mortgage and click on the Homefinders Club logo to sign up, or just click on this hot link: Homefinders Club Sign Up and you will land on the sign up page.

Why are these tools SO useful?? Well that's pretty simple: Homefinders Club will help you shop the San Diego MLS and find the home of your dreams. You shop when YOU want to, not when the agents call. You can enter and change the number of bedrooms, square feet, and other factors as often as you want. You can set your "favorites" so that they system will keep working for you AFTER you log off. When a new home posts, matching your criteria, Homefinders Club will email YOU! You will know before 90% of the agents in San Diego.

Then when you find that dream home, one click will put your agent to work negotiation the price and another click will put your mortgage broker to work pre-qualifying your loan for the exact house you want.

Shop at lunch at work; shop at night in your PJ's (or nothing at all!!); any time you want to look at Real Estate, or shop Mortgages for a Refinance, HFC is always there waiting for you!! And remember ... IT'S FREEEEE !!!

Tell your friends to sign up; tell your neighbors to sign up; tell all your relatives to sign up!!!

Bob

Sunset of Sub-Prime in San Diego

Here at Pink Flamingo Mortgage we track hundreds of funding sources so that we can find the right fit for every client's mortgage needs. But the industry is having a shakeout of funding sources. This is all the more reason to use Pink Flamingo so that we can find a reputable source that will still be in business when we go to fund your mortgage at the close of escrow. We have heard stories of underwriters closing their doors just as a customer was trying to close escrow.

Here are some of the lenders to avoid:

LENDERS WHO APPEAR TO HAVE CEASED DOING BUSINESS

We have received information that the following lenders are not accepting new loan applications or closed their lending operations in whole or part.

Accredited Home Lenders
Acoustic Home Loans
Alliance Home Funding
American Brokers Conduit
Ameriquest Mortgage
Ameritrust Mortgage
BNC Mortgage/Aurora
Bay Capital
CIT Group
C-Bass LLC
Central Pacific Mortgage
Columbia Home Loans
DeepGreen Financial Eagle First Mortgage
EquiBanc Mortgage
Entrust Mortgage
FMF Capital LLC
Fieldstone Mortgage Company
First Horizon National
First Magnus Financial—Chapter 11 Case 4-07-bk-01578 (Arizona)
Freedom Mortgage Wholesale Division
Funding America LLCGreenPoint Mortgage
H&R Block Mortgage
HomeBanc Corp. d/b/a HomeBanc Mortgage Corporation (Atlanta Georgia)
Harbourton Mortgage
Heartwell Mortgage
Impac Mortgage Holdings
Ivanhoe Financial, Inc. (Orlando Florida)
Investaid Corp.
Landcaster Mortgage
Lenders Direct Capital
Loan City
MLSG Home Loans (May be related to American home Mortgage Corp.)
Master Financial
Meritage Mortgage
Millennium Bankshares
Millennium Funding Grp
National City Home Equity (Cleveland Ohio)
NovaStar Mortgage Wholesale
Opteum Fin’l Wholesale
Peoples Mortgage
Popular Financial
Sebring Capital
SouthStar Funding
Starpointe Mortgage
Summit Mortgage
Texas Capital Bank
Trump Mortgage
Warehouse USA

This list is not intended to be inclusive of all lenders who have indicated they will be pulling back from their loan programs. Please verify, information to be deemed reliable, but not guarenteed.

So where DO YOU GO?? It changes every day ... but we can find you a lender!! Give us a call at Pink Flamingo Mortgage, and we will work with you to make your dream of home-ownership come ture!

Bob

Risk Adversity and You!

Risk adversity refers to the level of risk you are comfortable with. Risk adverse people prefer to know the exact amount of their prospective mortgage payments before signing up with a lender. Those individuals with lower levels of risk adversity make obtaining the lowest possible monthly mortgage payments their priority, even if the exact payment amount is somewhat uncertain. Knowing how risk adverse you are will help San Diego mortgage brokers guide you to the correct mortgage.

Before searching for San Diego mortgage brokers, you should determine your level of risk adversity. You are more likely to make effective decisions if you begin the mortgage process with a clear understanding of the factors that matter to you. Your level of risk adversity is important and should be evaluated prior to the application process.

At Pink Flamingo Mortgage, our qualified San Diego mortgage brokers will lead risk adverse buyers to more comfortable fixed rate mortgages. Other customers may be better served with an adjustable rate mortgage. You can find out if you are a risk taker or not by looking at your current financial situation. For example, if you like to know exactly how much money you have in each account at all times, you may be not be a risk taker. Alternatively, if you play the stock market regularly, you are likely comfortable with more risk.

Once you determine your aptitude for taking financial risks, you'll want to speak with the San Diego mortgage brokers at Pink Flamingo Mortgage. We understand how risk adversity and risk taking translate into specific mortgages, and we will guide you to the correct mortgage for you. Browse our website, http://www.pinkflamingomortgage.com/, for more information.