Bob holds a BS in Business from Centenary College and has been a General Securities Registered Representative (series 6, 22, 7 & 63) since 1983 working as an investment product wholesaler. I decided to make a major change in my career in an effort to simply my life, stay closer to home and to get more so off the road. I was constantly out of town flying to all points USA. I wanted to be in an industry that would allow me to use my brain, my people skills, make great money, and to be the master of my own destiny for income. I have for many years had a serious interest in Real Estate as a whole. I have bought and sold several properties. So after considering the change I quickly gravitated to the mortgage side of the real estate business. My skills and personality are best suited for sales. I enjoy meeting new people and helping them achieve their American dream of owning the right house for their family. Cold calling (the hunt) chasing realtors and marching buyers to closing will come naturally to me.
In my previous career I have in-depth hands-on business experience of being the CEO of very large national financial services marketing firm throughout the 1980’s to 2000’s. The firm was one of the largest national companies offering products as a third party marketer (wholesaler) to the Financial Services Broker-Dealer community from the very largest to the smaller regional investment firms. The firm had over 730 sales representative covering 47 states. I have designed and created investment oriented products from scratch and collaborated with other firms on several product designs. I have extensive commercial real estate and oil and gas investment offering experience
My career covers the range from being a stock trader for private accounts to sitting in the Due Diligence / Product Management chair at a Broker Dealer to being a hands-on wholesaler and industry company owner/manager. I pride myself in being a creative “Idea” man. I know how to sell and how to develop sales for many types of Financial Service products. So now at this point in life it is time for a new challenge. Along the path I have been ranked as the #1 National Sales Person in the country 4 different times for 4 major companies. I have personally conducted many investor and broker seminars. I have appeared several times on a local Florida ABC TV Network station hosting the nightly investment news report. I have appeared many times as a guest speaker on several live talk radio shows regarding investments. I have been the author of “Profit Now, The 13 Best Sales Ideas.” I was twice accepted into “Who’s Who in American Business.” My onetime largest sale acting as the wholesaler, on-call-closer, l made on behalf of an investment broker was for a one time amount of $25,000,000 cash. I have been a speaker at the International Convention of the Financial Planning Association conference and spoke to a packed room on 2 different occasions.
After meeting Bernie Cason and passing the MLO test I am now full time in the mortgage business. I am very much looking forward to the next 12 months as we map out my plan for success with Cason Home loans and I very much thank Bernie Cason for his belief in me, giving me the opportunity to make this change.
Jumbo mortgages are home loans that exceed conforming loan limits which is is $417,000 in most areas of the country.
Balloon mortgage loans are short-term fixed-rate loans with fixed monthly payments for a set number of years – followed by one large final balloon payment for the remainder of the principal.
The interest rate on this loan will be fixed for a stated period of time and will then become adjustable for the remainder of the loan.
A fixed-rate, conventional mortgage offers an interest rate that won’t change for the life of your loan and conforms to federal guidelines for the size of the mortgage and your financial situation.
Rural Development loans are offered in rural areas as determined by the USDA. The USDA’s mission is to help lower income households obtain home loans at reasonable mortgage rates.
VA Loans are mortgage loans made by an approved lender and guaranteed by the Department of Veterans Affairs. VA loans are made eligible to veterans and those currently serving in the military, and often have lower down payment requirements than other types of loans.
FHA loans are designed to make housing more affordable, particularly for first-time homebuyers and are insured by US Dept. of Housing & Urban Development.
Application Fee – An application fee may frequently include charges for property appraisal and a credit report. Appraisal Fee – A fee charged by an appraiser to render an opinion of market value as of a specific date. Required by most lenders to obtain a loan. Processing Fee – This fee is paid at closing. […]
Mortgage brokers are federally licensed firms or individuals who sell loan programs on behalf of lenders. Mortgage brokers facilitate your search for the most suitable mortgage product – but do not process any loans – every loan is sent to the lender (banker) for processing. In comparison, Mortgage lenders (bankers) originates the mortgage loan, loaning you […]
A commitment you obtain from a lender assuring you a particular interest rate or feature for a definite time period. Provides protection should interest rates rise between the time you apply for a loan, acquire loan approval, and, subsequently, close the loan and receive the funds you have borrowed.
A ratio determined by dividing the sales price or appraised value into the loan amount, expressed as a percentage. For example, with a sales price of $100,000 and a mortgage loan of $80,000, your loan to value ratio would be 80%. Loans with an LTV over 80% may require Private Mortgage Insurance.
A one-time charge imposed by the lender to lower the rate at which the lender would otherwise offer the loan to you. Each point is equal to one percent (1%) of the mortgage amount. For example, if a lender charges two points on a $80,000 loan this amounts to a charge of $1,600.
Interest Rate – The interest rate is the cost of borrowing the principal loan amount. It can be variable or fixed, but it’s always expressed as a percentage. Annual Percentage Rate (APR) – The cost of credit on a yearly basis, expressed as a percentage. Required to be disclosed by the lender under the federal Truth […]
The Loan Approval Process is relatively simple but can seem very mysterious if it is never explained to you. The best news ever is that it takes less and less time these days. No matter how fast, however, every mortgage application has to go through these steps:
The Disclosure is designed to give you information about the costs of your loan so that you may compare these costs with those of other loan programs or lenders.
Private Mortgage Insurance is provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults. Private Mortgage Insurance is generally required for a loan with an initial loan to value (LTV) percentage in excess of 80%. In most cases, this will mean that you will have to pay Private Mortgage […]
An escrow account is a separate account that holds funds for the purpose of paying bills such as homeowner’s insurance and property taxes. Funds to cover these expenses are deposited into the account each month along with your monthly payment and then pays the bills for you when they come due. By taking the annual […]
These important distinctions mean that Cason empowers me to offer the best programs and tools in the industry, in addition to exceptional support, specialized products and very competitive rates that are unique to Cason Home Loans.
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