Please read before registering
Welcome to NAPHB.COM registration area. You will be prompted through a few pages and then to paypal. As part of the membership to NAPHB.COm you get a copy of Anatomy of a Real Estate Transaction. This document takes a microscopic look into how institutions rig the “Market” and brainwash buyers into overpaying for a house. They accomplish this with a number of invisible, but very powerful, tools. In short order, however, your eyes will be opened and you will see through these subterfuges. This thirty thousand word book deprograms buyers and makes them very aware of the games that are being played on them by real estate agents and many other players. Among the many detailed topics involving conflicts of interest “Fragmented Disclosure” receives the most attention. This is known as “telling buyers only what they need to know” in order to get the deal closed and themselves paid. That is how an agent makes a living: by with holding information for buyers. Additionally, it is impossible to truly comprehend how pervasive kickbacks are the real estate business. Many of the strategies contained in “Anatomy” are designed to neutralize or even eliminate this under - the - table dealing that occurs after settlement. Even the nicest, most ethical of agents participate in kickbacks. An agents may appear to be a helpful, knowledgeable, even self-deprecating person, but they cannot stand making only a six percent commission. Getting the extra money that no one knows about is even better. You will learn how to recognize this standard practice and keep it out of your transaction. “Anatomy” also teaches techniques on how to deal with mortgage people, how to keep the relationship separate from the real estate people, and the insurance people. It offers tips on how to prevent what is known as the Supplanted Settlement. This happens when the real estate agents, the mortgage officer, and the title people all gang up on the buyer and get them to agree to all kinds of illegal things in order to get the deal done and the money in their pockets. Briefly stated, a Supplanted Settlement is a settlement that replaces the settlement you thought you were getting. Recognize the difference between real economics and sophistry, prevent the realtors from being a party to your transaction, eliminate conversion, theft and fraud from your deal. Get a copy of “Anatomy of a Real Estate Transaction,” and build a better tomorrow.
By now you have your actual letter from the bank or mortgage company in your hand. You will be asked to give your real e-mail address in order for a potential seller to post a message and for NAPHB.COM to notify you of that massage. Your e-mail is safe from any spam and will not be shared. As part of your registration you do have to fill out the amount for which you have been preapproved. That is mandatory and you are certainly welcome to just go with what the institution indicates you can borrow. However, there are other options and just because a lending institution says you can borrow a certain amount of money does not mean you can safely live with that mortgage payment every month. Some of the banks just want to make a loan and the officer may just needs a commission that month or they will end up on the street. Before you proceed, we have a few ideas and examples to explain.
NAPHB.COM basic formula is to use no more than twenty-five percent of your disposable, that is after tax, income to finance a home purchase. The banking industry will tell you otherwise, but keep in mind they have to make loans or they go out of business. Use a balanced approach with your money and keep yourself out of trouble. This is very simple. If your disposable income is $50000.00 per year. Safely you can have a mortgage payment of no more than 1041 per month. That includes principle, interest, taxes and insurance. (50,000.00 x .25 = 12,500 / 12 months = 1041) If your disposable income is $80,000.00, then your monthly payment should be no more than 1,666. Again, this includes principle, interest, taxes and insurance. (80,000.00 x .25 = 20,000 / 12 months = 1,666) Depending on what the interest rates are at the time of your purchase will depend on the size of your loan. Whether you end up working with a realtor or a seller who makes contact with you via NAPHB.COM, do not mortgage your life away. Realtors are very good at making people feel desperate for a house, so that buyers will not think about the consequences of the mortgage payment. The thought of not having the house is more painful than the thought of having to write the check every month. That is what the MLS system and the realtors are designed to accomplish. You need to be saving money in a permanent liquid account in addition to making the mortgage payments and that savings plan should be no less than ten percent of your disposable income. That would be $5000.00 and $8000.00 in the two examples mentioned. That leaves $32,500 and $52,000 dollars for household expenses, car payments and emergencies. Do not get suckered into the “American Dream” with a mortgage payment that will kill you. You are better off wherever you are right now, or just go and burn your money in the fireplace.
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