sean cohen's (seandcohen) Blog

Animal Instinct By Sean D. Cohen … ext 6220/Cell 404-3387 Remember back in elementary school when they told us human beings are animals and everyone laughed? Who says we don’t still act like animals sometimes? Maybe we should all just learn to “get along”. Many animals that have never met each ot...

Sean Cohen Strategies for Ad design: Advertising is a brutal world. It’s usually do or die, pass or fail, huge rewards or a big waste of money. Hardly ever is there a gray area where you just break even, and make just enough sales to pay for the ad or ads. Also, since the cost of front page or fu...

What are V.H.D.A. Loans? VHDA is the Virginia Housing Development Authority, which is the state’s finance agency. It’s goal is to help low and moderate income Virginians attain quality, affordable housing for first time and repeat home buyers. VHDA offers below market fixed rates, zero down paym...

V.A. Loans From Sean D. Cohen; Prosperity Mortgage Consultant … Cell 757-404-3387 What are V.A. Loans? V.A. loans are home loans for currently enlisted military personnel or previously enlisted, whether retired or honorably discharged. The reason V.A. loan rates are very low is that the Governme...

A HOME PURCHASE FROM A TO Z PRE-APPROVAL FOR APPROPRIATE LOAN PROGRAM/GUIDELINES REVIEWED UP-FRONT VERIFICATION OF ALL CREDENTIALS OF BORROWER REMINDER TO CLIENTS NOT TO CHANGE THEIR FINANCIAL SITUATION/DEBTS DISCUSSION BETW REALTOR AND LOAN OFFICER OF CLOSING COSTS/PREPAIDS SHOP FOR HOME THAT FI...

Qualifying Clients Sean D. Cohen/Prosperity Mortgage There are two ways to figure out if someone income qualifies for a loan, but the debt ratios allowed for programs can vary, depending on the lender and the borrower’s other strengths. I. You can figure out how much house a client “maxes out” fo...

CLIENTS ON THE FENCE From Sean D. Cohen Prosperity Mortgage Consultant It’s very important for homeowners and prospective home buyers to understand the importance of low interest rates RIGHT NOW. Due to the recent trends in the stock market and the bond market, rates have held tight below 6.5% t...

Good questions get good answers: Q: I heard rates are around 5.75% without paying points, and that sounds great, but what’s that mean to me? A: At 5.75% (5.85 APR) on a 30 year mortgage, check out this payment chart: 100,000 = $584 per month (principal and interest only). 200,000 = $1167/mth 300...

Brush Fires … A trouble-shooters guide for Realtors and Agents who discuss general financing questions with their clients. By Sean D. Cohen Prosperity Mortgage Consultant; Oceanfront Long and Foster Office. Here’s a list of typical “brush fires” that we can recognize early, and save everybody fro...

A GFE is actually the most important document regarding your loan program, rate, points, closing fees and escrows, including tax and insurance estimates for a loan scenario. A GFE is the nuts and bolts of what you need to understand about your loan, and whether or not you are getting the best pos...