Colorado Finance Summit, John Stovall & John Beldock
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Transcript of Colorado Finance Summit, John Stovall & John Beldock
Green Financing from the Real Estate Broker Point of View
John Stovall- EcobrokerJohn Beldock – Association of Energy Environmental Real Estate Professionals
Green Financing from the Real Estate Broker
Point of View.
What will activate the consumer?
Easiest & Most Effective? Which energy retrofit financing
solutions are going to be the easiest and most effective for Colorado consumers?
Easiest & Most Effective? Rate Brain
Easiest & Most Effective? Rate Brain Cost Brain
Easiest & Most Effective? Rate Brain Cost Brain Qualifying Income Brain
Portfolio for Widest Range? Which portfolio of financing
solutions can work for the widest range of Colorado consumers?
Portfolio for Widest Range?
Yes
Portfolio for Widest Range? Yes
Contractor financing
Portfolio for Widest Range? Yes Contractor financing
Unsecured and/or secured solutions◦ Mortgage department?◦ Consumer lending department?
Portfolio for Widest Range? The Credit Elephant? FHA's absence of a minimum credit
score, ◦ but with definitive criteria regarding
borrower qualifications; ◦ pride of ownership, willingness to pay, ◦ basic product design counts.
Portfolio for Widest Range? It's going to take more work on
everybody's part to write better loans. Pioneers put their stuff in covered
wagons and pulled them a long way. It was hard work.
successful for Colorado homeowners and homebuyers?
What's the market telling us about which financing and marketing calculus are most likely to be successful for Colorado homeowners and homebuyers?
successful for Colorado homeowners and homebuyers?
Easiest products will succeed
successful for Colorado homeowners and homebuyers?
Easiest products will succeed
Streamlined
successful for Colorado homeowners and homebuyers?
Easiest products will succeed Streamlined
Volume
successful for Colorado homeowners and homebuyers?
Use existing products (FHA, etc.) with subtle, sensitive, and effective modest adjustments
Communicate through trusted change agents
successful for Colorado homeowners and homebuyers?
Count on lower foreclosures Enhanced community reputation for
lenders Some very happy and more
comfortable Colorado customers.
Green Financing from the Real Estate Broker Point of View.
Thank You!