The PT Savvy Center

April 22nd, 2008

Tattoos - Which Tattoo Designs are Most Popular?

Posted by admin in Lifestyle Portal

What are the Most Popular Tattoo Designs?

Tribal Tattoos - Tribal tattoo designs have been around for hundreds of years and are becoming more and more complex and constantly evolving and morphing into what has become known as neo tribal tattoo styles. Tribal tattoos can be traditional ‘black work’ on the arms and legs or more colorful styles characterised by the ‘Modern Primitive’ look covering the entire body.

‘Old School’ Style Tattoos - Anchors and swallows seem to be making a comeback and not just amongst old sailors and bikers. A lot of females are asking for tattoos of swallows and anchors on their neck and chest while many guys are going for the ol’ sailor Jerry tattoos on their forearms. This style is further fueled by the 1950’s revival characterised by retro vixens such as the Suicide Girls.

Lower Back Tattoos - These are a perennial favorite particularly amongst females. The most popular lower back tattoos are still tribal designs but dragons, lotus flowers and eastern symbolism seems to be popular as well.

Dragon Tattoos - Dragon tattoo designs are another style of tattoo that seems to be enjoying a revival. There are so many styles of dragons from the traditional chinese dragon tattoo to more mythical dragons.

Celtic Tattoos - Celtic tattoos are being done on people with a celtic heritage but also by many people with no celtic origin. Some of the celtic symbols are universal in nature and have universal meanings common to all races. This may explain why celtic tattoos are being mixed with tribal tattoos creating a style of tattoo known as tribal celtic tattoos.

Tips for Getting Tattoos

Choose your tattoo carefully. Don’t go for some off the wall ‘flash’ tattoo. A good tattoo artist is capable of doing ‘custom work’.

Try not mix different tattoo styles such as Japanese and Tribal styles. It doesn’t work!

Go to a reputable tattoo artist not some backstreet ’scratcher’ who is cheap but you will inevitably regret later. Build a relationship with the tattoo artist if you plan of getting a lot of tattoos.

Take proper care especially of newer tattoos. In summer many people get tattooed and can’t wait to flash their tattoos in public. Be careful that you do not expose your new tattoos to too much sun which will fade them. Use plenty of sunscreen to avoid them fading prematurely.

Looking for tattoo designs? Visit Tao of Tattoos for more ideas.

Subscribe for FREE to ‘Kinky Ink’ ezine for the kookiest tattoo pictures of the month.

April 22nd, 2008

Why Women’s Diesel Shoes are Such a Hot Product

Posted by admin in Promotion

Women’s diesel shoes have been hugely popular since the diesel footwear launch in May 1997.

Licensed exclusively by Global Brand Marketing Inc Diesel footwear targets the 18-35 year old market on a huge global scale.

Diesel footwear is now present in over 80 countries worldwide and was voted Best Women’s Design by Sportswear International.

Apart from wearing one of the world’s leading fashion brands, womens diesel shoes completely stand out from the rest.

Their range not only includes sports shoes but a whole range of womens shoes and boots to cater for everyone’s tastes. The styles incorporate the latest trends and have a uniqueness about them that is found in no other footwear. Their unmistakeable style puts a sports themed shoe into a dress shoe and the result is high fashion, high impact footwear.

Although womens diesel shoes are slightly more expensive than some high street brands, it is affordable to the target market.

With the ever growing popularity of eBay, diesel has become one of the top selling brands making womens diesel shoes even more popular at lower prices.

Prices vary enormously and with the ever growing number of people now turning to the internet for shopping, online stores are a great place to shop for a lower than retail price pair of womens diesel shoes.

The Women’s Shoes Guru website provides a comprehensive guide to choosing women’s shoes online.

Visitors are given information on the benefits of womens shoes, the history of shoes and a clear understanding of shoe designs.
For more information visit the Womens Shoes Guru ==>http://www.womens-shoes-guru.com

April 21st, 2008

Computer Phones - Facts and Fallacies

Posted by admin in Internet Software Resources

The stakes are high when considering security, privacy, and savings, and the old adage, “look before you leap” might be a more judicial approach when searching for a computer phone provider, aka VoIP (voice over internet protocol).

FACTS

• PC phones (VoIP) can save individuals and businesses up to 80% on current phone bills, regardless of whether calls are made from PC to landlines or mobile phones.

• Secure lines that include patented technology are protected against terminal viruses, worms, Trojan horses, unscrupulous hackers, and uninvited guests listening in on private conversations.

• Unsecure lines cripple users by creating dangerous vulnerability to security and privacy due to operating on open platforms or shared services.

• Over 90% of all VoIP provider services are on unsecure lines.

• Greater than 90% of VoIP solutions providers DO NOT HAVE their own patented technology.

• Costly computer crash repairs have resulted from using unsecure lines.

• Sound travels faster over the internet versus traditional phone lines.

• VoIP requires an inexpensive microphone when not built into the computer.

• There is usually an activation fee.

• Numerous VoIP providers host hidden costs.

• Most VoIP providers charge for de-activation.

• Some VoIP provider require a contract.

FALLACIES

• Broadband or high speed internet connections are the base requirements for VoIP connections. (There are a few VoIP solutions providers with integrity, security, and patented technology that offer service for dial-up connections, as well as DSL, satellite, cable, and broadband connections).

• All well known phone services now offering VoIP have their own patented technology (over 95% do not).

• All well known phone services now offering VoIP incorporate secure lines (over 90% do not).

• Using an open platform is safe.

• Peer-to-Peer services are on secure lines.

Dee Scrip and her close friend Andy Murray operate the website http://www.whypay4calls.com. Where you can experience a 7 day free trial with a secure line on patented technology. NO contracts, obligations, or hassles!

April 20th, 2008

Tummy Tuck Cost - Is it Affordable?

Posted by admin in Be A Beauty

Tummy tuck or abdominoplasty, as it is known in medical terms is the best possible way to shape up your lower stomach when excessive fat accumulates around the lower abdominal muscles and it looses its elasticity. There are different types of tummy tucks for different cases. Some involve mild shaping up while other may require a complete operation for removal of the excessive fat and skin, tightening up the abdominal muscles and repositioning the naval.

Stats show that more and more people are opting for a tummy tuck, which is not only safe but also more affordable now (the cost is being reduced). Majority of people who delay tummy tuck do so because of the cost factor. The cost is high and usually between $2500 and $8500 for a tummy tuck, the cost depends upon the reputation of team you hire, length and complexity of the procedure along with the ancillary costs associated with the tummy tuck. The various factors which are effective in determining the cost for a tummy tuck are:

1. Surgeon’s Fees: the cost depends on the tummy tuck surgeon’s reputation.

2. Medical Tests cost: tests you need to undergo, before the actual operation, to be declared fit for the operation.

3. Operation Room Fees: a mild shapeup can be performed within a surgeon’s operation theatre while a major tummy tuck has to be performed in a hospital.

4. Anesthesiologist fees: depends on the team you are hiring.

5. Room/bed cost: If the tummy tuck was lengthy, complex and the surgeons believe that you have to be kept under medical supervision you’ll have to pay for the room/bed fees as well.

6. Post surgery cost: expenditures on post surgery medical prescription and specially designed compression garments.

A tummy tuck is more affordable today due to a number of reasons, first and foremost is that most of the surgeons are offering financing options. Insurance agencies may not cover the complete cost of a tummy tuck but certain procedures involved in the operation may be covered by your insurance policy. Most of the surgeons may refer you to professional financial advisors who offer financial advice, in some cases these advisors can prove that the tummy tuck is a medical necessity, in such a case your insurance carrier will have to cover the cost of the entire operation.

You may also want to talk to your insurance agency, informing them of your decision of to undergo tummy tuck surgery, as it may increase the cost of future premiums.

Want to know more about Tummy Tucks, feel free to visit us at: Tummy Tuck Info & Resources

April 20th, 2008

10 High Powered Ways To Magnify Your Sales

Posted by admin in Best Sales Resources

1. Give your prospects a f~ree trial of your software
product, service, or let them read the first chapter or two
of your informational product.


Your f~ree trial or sample chapters will show your visitors
that you are confident in the quality of your product and
lead to more sales for you by demonstrating how valuable
your product is.


2. Add a bonus for purchasing your product.


Provide a unique bonus such as an ebook you’ve written, a
consultation with you, access to your membership site, or a
resource that is only available through you.


Add to your bonus’s perceived value by placing an honest
dollar amount to it, listing benefits for it, or by
publishing testimonials for it.


You could also set up a joint venture with another business
where you offer as a bonus an exclusive f~ree trial of their
product in exchange for a percentage of the profits (i.e.,
by joining their affiliate program).


3. Provide a money back guarantee.


Your guarantee will help you to get more people that are
unsure about purchasing your product to buy from you.


Your guarantee could be a 30, 60, 90 day or lifetime
guarantee. In general the longer your guarantee the more
powerful your guarantee will be in getting more of your
visitors to buy your products.


4. Provide your customers with specials, bonuses and
discounts on your products.


This will give you an effective way to get more of your
customers to buy your products on a consistent basis while
also showing your appreciation for them.


5. Add testimonials for your product throughout your site’s
copy.


Your testimonials will help you to convince your visitors
that your product will meet their needs.


Include your customer’s first and last name and a link to
her website along with her testimonial.


You could also post your endorser’s picture along with her
testimonial to increase it’s effectiveness.


6. Survey your customers.


Your surveys will help you to pinpoint what you are doing
right and also help you to identify things you can work on.


Add a freebie in exchange for taking your surveys to
increase the number of people that take them.


7. Offer an affiliate program for your visitors and
customers to join.


Provide your affiliates with useful promotional items that
they can use to start selling your products as quickly as
possible.


For example, you could give them sample ads, banners and
button ads to place on their sites, and sample
recommendations.


You could also let them publish your articles with their
affiliates URLs in your resource box, or you could create an
ebook or marketing course that they can use to get more
commissions by providing it to their visitors or
subscribers.


8. Publish an ezine.


Promote your ezine on every page of your site and also
submit it to ezine directories and announcement lists.


Provide your subscribers with useful tips, advice, and
articles to keep them reading your ezine on a regular basis.


9. Offer add ons on your purchase page.


For example, you could offer a deluxe version of your
product or you could offer a related product on your
purchase page that your new customers would be interested in
purchasing.


10. Offer f~ree teleclasses to your visitors and ezine
subscribers.


Your teleclasses will increase your prospect’s trust in you
and help you to get more people to visit your site ready to
buy your products.

Article by writer, Ken Hill. Get more marketing tips by
joining Ken’s Top Notch Marketing Ezine at
http://www.netpromarketer.com/ezine.html For more articles
by Ken Hill visit: http://www.netpromarketer.com

April 19th, 2008

Head Gasket Repair

Posted by admin in Tips

BEFORE YOU HIRE A MECHANIC - Repair shops will be the first to tell you that Block and head repair product won’t work, they will tell you that it will foul the engine cooling system or ruin your car’s engine. Keep in mind mechanics are in business to make money, and there is no money for them if you choose to use Thermagasket. Headgasket Our 80 plus year old customer phoned regarding his 1998 Jeep a bit panic-struck. His automobile got just about 80,000 miles when it started overheating. He drove the automobile down the road to his local fixing shop who quoted him as much as $1300.00 to repair the headgasket and do all related work. The automobile mechanic expressed that it would be better getting a rebuilt engine. Taking the advice, it cost him $4925.00 in addition to shipping fees to have the rebuilt engine shipped two500 miles away. They performed the installation and replaced the entire cooling system for put in a new cooling system for another $2713.00. With in a few days of getting the car back it was over heating once again! Upon taking the vehicle back he was informed that the head gaskets were leaking. the commercial enterprise he bought the engine from was more than happy to replace the faulty engine as long as he delivered it uninstalled from the automobile and palletized and shipped back to their warehouse, but the shop was not going to take out and reinstall the engine free of charge! He placed his order, we shipped the Thermagasket and at present his auto is restored.

April 18th, 2008

Camouflage Makeup! Is Your Current Concealing Makeup Doing Its Job?

Posted by admin in Be A Beauty

When searching for camouflage makeup, whether it’s for covering up facial scars, or currently exposed acne blemish breakouts, do you ever have the feeling that your foundation concealer is not working like it should?

Chances are the cosmetics that you’re purchasing may be designed for all skin types, and in my opinion, your unique facial tones are different from anyone else’s skin out there, so why would you settle for a product that has one color designed for everybody?

Like many of your individual qualities, such as your eyes, hair, and skin, many cosmetic suppliers put these features in a grouped classification, but that doesn’t necessarily mean the products their offering will be the right ones for your distinctive skins characteristics.

In order to achieve the best results to camouflage skin successfully, you need to find makeup products that have a wide range of shades with many natural colors that will easily blend with your skin. For example, the Dermablend camouflage cosmetics line are specially designed for your individual needs, and they know that there are individuals, such as yourself that have slightly different skin tones and that’s why they offer over 50 different colors!

Camouflage Care Starts With The Correct Application Of Makeup Cosmetics!

Not only is it important to have the right corrective makeup, but also it’s very important that you know the proper techniques on how to apply your select cream or powder, so it will produce your desired results, and provide you the natural look and feel that you expect!

We’re sure you didn’t want to spend all your valuable time and research in finding the right camouflage cosmetic, later realizing the end result is less than you expected due to an improper application technique. The ability to learn how to layer, and properly blend these products will be perfected with practice, and once you achieve the right method you will notice your facial imperfections will be virtually un-noticeable.

To avoid the frustrations and the feeling that you’re buying the wrong camouflage concealer, you need to focus on sourcing the right camouflaging products that are specifically designed for your particular skin conditions. Whether you may have scars, birthmarks, irregular pigmentation of the skin, or are suffering from serious blemishes, we’re happy to say that there are many cosmetics available online that can help with your skincare concerns!

About the author: William is the owner and the author of “1st In Acne Skin Care Products” available at www.1st-in-acne-skin-care-products.com A great source for Acne Treatment Coverup! Find quality acne treatment, and cover-up products for complete camouflage and care of acne blemishes and scars. You can control the look of pimples with proper cover up treatments.

April 18th, 2008

Wall Street to Main Street: News, Views and Commentary: May 5, 2006

Posted by admin in Better Investment

It’s Friday May 5, 2006, and it’s the last day of the trading week for the first week of May, and the DOW is headed into record territory as it looks to hit an all time high.

Congratulations to those Wall Street to Main Street subscribers that emailed us to let us know that they took positions in OmniVision Technologies (NASDAQ: OVTI) last week and Crocs, Inc (NASDAQ: CROX) yesterday after we issued our outlook on the companies. For a listing of our “Furious Five” picks go to www.namcnewswire.com, to get them sent to you daily just subscribe to Wall Street to Main Street, it’s FREE.

The NAMC Newswire’s “Wall Street to Main Street” segment in its entirety is only available to subscribers. Don’t miss out and Keep in mind that all subscriptions are free and will remain that way. All that you need to do is go to www.namcnewswire.com and add your email address to receive the full segments. We value your privacy and all email addresses are only used for NAMC related items and not shared with any third parties.

We want to hear from our readers/listeners, so drop us a line, maybe you have a question about a certain company or perhaps you want to introduce us to a company that we should know about.. All that you need to do is either shoot us out an email using our contact form on our website at www.namcnewswire.com or give us a call toll free at 888-463-9237 between the hours of 6:30pm and 12am EST weekdays. Your question could be a part of the Wall Street to Main Street radio show that is syndicated daily.

Remember that you can always listen to the NAMC Radio on Streetiq.com, the leader in financial podcast. www.streetiq.com and is also available on iTunes.

Political Front

In Nepal, it looks like the Maoist Rebels wouldn’t take no for an answer as they will indeed be involved in the peace talks with the government.

As we spoke about yesterday, China went against the Vatican and the Pope as they appointed two new Bishops, but the Vatican didn’t like that too much and swiftly excommunicated those Bishops.

U.S. Vice President Dick Cheney made some strong remarks yesterday against Russia claiming that they used energy as a form of “Black Mail”. Yep, just what we needed more fuel on the fire.

Movers and Shakers

Some major movers in yesterday’s trading session included Catalina Marketing (NYSE: POS) which traded up $3.95 to close at $29.08, Petroleum Geo-Service (NYSE: PGS) traded up $8.65 to close at $68.50, HerbaLife LTD (NYSE: HLF) traded up $3.64 to close at $37.77, Kadant Inc (NYSE: KAI) traded up $2.33 to close at $26.04, Ariad Pharmaceuticals (NASDAQ: ARIA) which traded up $1.45 to close at $6.99 based on a multi million dollar legal settlement, Imergent Inc (AMEX: IIG) traded up $3.29 to close at $15.55, Applied Films (NASDAQ: AFCO) which traded up $5.06 to close at $28.03 and Expeditors International (NASDAQ: EXPD) which traded up $16.04 to close at $103.80.

Analyst Upgrades/Downgrades

Recent Analyst upgrades include Janus Cap Group (NYSE: JNS) which was upgraded to a Neutral from Reduce by UBS, Barr Laboratories (NYSE: BRL) which was upgraded to a Overweight from a Neutral by JP Morgan, Central Garden (NASDAQ: CENT) which was upgraded to a Sector Outperformer from a Sector Perform by CIBC World Markets and Green Mountain Coffee (NASDAQ: GMCR) which was upgraded to a Buy from a Neutral by Janney, Montgomery, Scott.

Recent Analyst downgrades include Analog Devices (NYSE: ADI) which was downgraded to a Neutral from a Buy by Merrill Lynch and Oneok Inc (NYSE: OKE) which was downgraded to an Equal Weight from an Overweight.

Analyst Coverage Initiations include MGP Ingredients (NASDAQ: MGPI) which was initiated with a Neutral rating and a $31 price target by Sidoti & Co, Roper Industries (NYSE: ROP) was initiated with a Buy rating and a $56 price target by AG Edwards and Pra International (NASDAQ: PRAI) which was initiated with an Equal Weight rating and a $26 price target by Lehman Brothers.

Tid Bits

In a story that was unleashed by The Wall Street Journal, it looks like the U.S. Attorney’s Office for the Eastern District of New York has issued subpoenas to Comverse Technology (NASDAQ: CMVT) in regards to the issuance of stock option grants from 1995 to 2006. So this becomes a criminal investigation as some of the top dogs at Comverse have recently resigned but the investigation will put them right back into the thick of things.

Warren Buffet may have his sights set on a new acquisition; Berkshire Hathaway (NYSE: BRKA: BRKB) may announce this at the company’s annual meeting, two companies that are mentioned to be the potential targets include the San Francisco utility PG&E (NYSE: PCG) and Los Angeles automotive insurer Mercury General (NYSE: MCY).

The bid for $51 a share bid for Aztar (NYSE: AZR) by Pinnacle Entertainment (NYSE: PNK) expired yesterday, as Aztar gave no response to the offer. Is that in the best interest of the shareholders?, sometimes holding out for a better offer doesn’t work out as companies plan, so we’ll see what the outcome will be shortly.

Toll Brothers (NYSE: TOL) missed the mark and paid the price as they announced a 29% decline in signed contracts during the second quarter ended April 30. The company is in the business of building luxury homes and the real estate market seems to be softening a bit, so there is one of your reasons. But the stock may have some life and bounce off of its 52 week low of $28.70.

Eastman Kodak (NYSE: EK) may be considering the sale of its health-imaging business after reporting a $298 million loss in the first quarter; this is the 6th straight quarterly loss. So EK may be looking to reinvent itself to compete in the digital age.

FURIOUS FIVE

This is the fifth of our “Furious Five” companies that we see excelling in their industry in 2006. The fifth addition to round off this week’s Furious Five is True Religion Apparel (NASDAQ: TRLG) it trades on the Nasdaq under the symbol TRLG.

For our outlook, and other vital information on the companies that we feature as the “FURIOUS FIVE” on Wall Street to Main Street just subscribe for FREE at www.namcnewswire.com

We cannot stress enough that investors need to do their due diligence, call the companies, get the information, consult with your investment advisor and if you do not have one consider getting one. Put the same time into investigating these companies as you do when you go to purchase a new television, it’s only for your protection. When it comes to thinly traded securities stagger your orders or put a limit order in to avoid a run up.

NAMC Newswire Note

Go to the NAMC Newswire for updates at www.namcnewswire.com and you can listen to the NAMC Radio for the audio version of “Wall Street to Main Street” at www.namcnewswire.com/namcradio

Disclaimer:
None of the information contained on the NAMC Newswire constitutes a recommendation by the NAMC Newswire, its journalist, nor its parent company that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific investors or person. Each individual investor must make their own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy featured on the NAMC Newswire or NAMC Radio Any past results are not necessarily indicative of future performance. The NAMC Newswire, its journalist nor its parent company does not guarantee any specific outcome or profit, and all investors should be aware of the real risk of loss in following any strategy or investments featured on the NAMC Newswire or the NAMC Radio. The strategy or investments discussed may fluctuate in price or value and investors may get back less than you invested. Before acting on any information featured on the NAMC Newswire website or the NAMC Radio segment, investors should consider whether it is suitable for their particular circumstances and strongly consider seeking advice from their own financial or investment adviser. Investors are also urged to do their own due diligence before investing in any security.

All opinions featured on the NAMC Newswire or NAMC Radio are based upon information that is considered to be reliable, but neither the NAMC Newswire, its journalist, its parent company, affiliates nor assigns warrant its completeness or accuracy, and it should not be relied upon as such. The statements and opinions featured on the NAMC Newswire by its journalist are based on their outlook at the time of the statement or opinion, and are subject to change without notice. NAMC may at times hold a position in the companies that it features, in these cases appropriate disclosure is made.

Louis Victor is the host of the syndicated podcast show and financial newsletter “Wall Street to Main Street” which is featured on the NAMC Newswire Radio. He has been involved in the financial industry for over two decades, on the retail and investment banking ends. He is also well versed in the advertising and marketing industries, which has given him insight into market trends and unqiue companies that may be under the radar.

To register to receive the Wall Street to Main Street Free Daily Newsletter Click Here or go to our site and click on the Newsletter section.
CEO’s that want to contact us can do so by going to http://www.namcewswire.com/ or call us at 888-463-9237.

Louis Victor
NAMC Newswire
888-463-9237

April 17th, 2008

The New Telemarketing Part III: Say Goodbye To Spraying-And-Praying!

Posted by admin in Best Sales Resources

Third in a series of articles, we’ll discuss various issues and practices associated with modern ways of selling over the phone.

*****************************************************************

The New Telemarketing is a set of selling practices designed to accomplish several things:

(1) To sell more goods and services than its predecessor, the “traditional” style;

(2) To be less offensive than its predecessor to buyers;

(3) To be consistent with a customer service style of communicating;

(4) To help in recruiting and retaining qualified phone representatives and managers; and

(5) To repair and reform the image of telemarketers in business and consumer communities.
****************************************************************

One of the main problems with traditional telemarketing is that it is designed as a one-way communications medium.

Scripts, which are commonly used, and by the way, which are necessary, are monologues. They operate from an authoritarian premise that says:

“Me talk, you listen!”

Of course, if that sounds primitive, it is. Modern folks don’t want to be talked down to, or even to be talked at.

They crave participation, and their generation, being the best educated ever, has been weaned on participative communication.

They were asked their opinions at home and in countless classrooms, by indulgent parents and teachers, and they expect to be conferred with, and their advice solicited, during calls.

Getting them to sit still to hear and then respond to a phone lecture that can last two minutes or more is fruitless. Hey, they can’t turn off their cell phones without remorse, or shut up at the movies, an official one-way medium, so why are they going to kick back and allow us to have all of the fun?

They aren’t, and the spray-and-pray format, where callers spray their features and benefits, praying some of them will resonate with listeners, is less and less attractive to fewer and fewer people.

So, a conversational model of telemarketing is required.

But how do you craft one that is efficient, where all control isn’t ceded to the prospect?

That’s where The New Telemarketing comes in. It is designed differently, from the ground up, to appeal to buyers and sellers.

And we’ll explore this more intelligent and effective design in future articles.

Dr. Gary S. Goodman, President of www.Customersatisfaction.com, is a popular keynote speaker, management consultant, and seminar leader and the best-selling author of 12 books, including Reach Out & Sell Someone®, You Can Sell Anything By Telephone! and Monitoring, Measuring & Managing Customer Service, and the audio program, “The Law of Large Numbers: How To Make Success Inevitable,” published by Nightingale-Conant. He is a frequent guest on radio and television, worldwide. A Ph.D. from USC’s Annenberg School, a Loyola lawyer, and an MBA from the Peter F. Drucker School at Claremont Graduate University, Gary offers programs through UCLA Extension and numerous universities, trade associations, and other organizations in the United States and abroad. He holds the rank of Shodan, 1st Degree Black Belt in Kenpo Karate. He is headquartered in Glendale, California, and he can be reached at (818) 243-7338 or at: gary@customersatisfaction.com

April 17th, 2008

Recent Bankruptcy? It’s Not Impossible to Obtain a Home Loan

Posted by admin in Profitable Real Estate

Because the new bankruptcy laws go into effect on October 17, 2005, more Americans than ever are filing for relief using the federal bankruptcy laws. The vast majority are simply overextended and cannot possibly repay the obligations they have open.

However, for many filers, the opportunity of homeownership may be possible immediately after discharge. Ironically, some those that would not previously qualify for a mortgage do qualify after a bankruptcy.

How is that possible? An example of this is Dave Olson (a fictional character). He earns $4,000 per month, spends $1,000 on rent,$250 on car payments, and $2,000 on credit card minimum payments. The DTI* (debt-to-income) ratio of this person is 81.25%. Since his credit score is low (600 middle FICO), the only option is a mortgage that requires full documentation. Most of those loans require a DTI of 50-55% maximum.

The Chapter 7 bankruptcy is filed and Dave gets a discharge. He reaffirms his auto loan and still rents for $1,000/month. However, now his monthly debt is much lower (($1,000+250)/4,000=31.25%).

The bankruptcy has actually increased his chances of obtaining financing for a purchase. Many times, the credit score is the same after the bankruptcy as prior to filing (unless creditors report incorrectly). By filing simple dispute letters with the three credit bureaus, those discrepencies can be cleared up within a few months.

It makes sense that borrowers are most ready to borrow for home purchases after bankruptcy because they cannot file Chapter 7 for 6 years, their obligations are lowered, and the property being purchased is secured. That means the lender can repossess the property if payments are not made timely.

There are some things to keep in mind if you are purchasing a home after a recently discharged bankruptcy.

1) A downpayment isn’t always necessary, but it will improve the rate.

2) Most people opt for an Adustable Rate Mortgage (ARM) since the rates are much lower than a fixed and they plan to refinance in 2-3 years.

3) Most of these loans have a prepayment penalty that matches the fixed period of the financing.

4) Most lenders require cancelled checks or verification of rent paid not later than 30 days in the past 12 months.

5) A foreclosure before the bankruptcy is hard to overcome. A foreclosure as a result of the bankruptcy usually doesn’t count.

Everyone’s situation is different. To ensure the best service, be sure you contact an experience mortgage originator that will take the time to listen to your situation and explain all the possibilities. It shouldn’t cost you anything to inquire.

Clinton Bengtson has been a mortgage originator (loan officer) for almost 5 years. Prior to that, he was a CPA working at several large companies. Clint Bengtson has helped hundreds of people become homeowners that were declined at other lenders. Experience is important and can mean the difference between approved and not approved. Visit his website at http://www.mnmortgage.net for more information.

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