Ryan Nickel (Cherry Creek Mortqage Company)

859 S. Yellowstone Hwy.

Suite 205 A

Rexburg , ID 83440




Helping families turn their real estate debt today into their treasure tomorrow. CMPS

Get to know Ryan Nickel

That's what a lot of people say when someone says they're in the mortgage industry.  So what makes me different?  Read on to find out...

Ryan is one of the most advanced mortgage planners in the nation with his wealth creating strategies to help families turn their real estate debt today into their treasure tomorrow.  Taking a unique approach that typical loan officers either don't know about or don't understand.  Ryan has been able to help families use their mortgage as a financial planning tool to create wealth by intergrating their mortgage into their overall long and short-term financial plan.

What if you don't have the mean necessary to start this kind of mortgage planning? 

Usually, families that say this are those that are already paying too much in interest because of poor buying habits or unfortunate life events.  Not to worry.  Ryan has teamed up with one of the nations best rated credit restoration agencies in the nation.  Ryan has teamed up with the 720 Fico Club.  You can get more information about them at www.720ficoclub.com.  In most cases it only takes 6 months of clean up and habit reforming to become a member of the 720 Fico Club.

Ryan also has a hit radio show every Thursday morning from 8:00-8:30am on 98.1 FM and from 8:30-9:00am on Hot 106.1 FM.  Many listeners like to email Ryan at info@treasuretomorrow.com about investing in real estate, credit remediation and other financial questions so he can answer them on the show.

Ryan Nickel's Blog Posts

Certifications

Commercial Lending, Credit Miracles, Help families who aren't willing to help themselves and work well with rate shoppers.

If you are Shopping Around?

Here's The Inside Scoop On How To Do It Right!

First: make sure you are working with an experienced, professional loan officer. The largest

financial transaction of your life is far too important to place into the hands of someone who

is not capable of advising you properly and troubleshooting the issues that may arise along the

way. But how can you tell?

Here are FOUR SIMPLE QUESTIONS YOUR LENDER ABSOLUTELY MUST BE ABLE TO

ANSWER CORRECTLY. IF THEY DO NOT KNOW THE ANSWERS... RUN... DON'T

WALK... RUN... TO A LENDER THAT DOES!

 

1) What are mortgage interest rates based on?

The only correct answer is Mortgage Backed Securities or Mortgage Bonds, NOT the 10-yearTreasury Note or Prime Rate. While the 10-year Treasury Note sometimes trends in the samedirection as Mortgage Bonds, it is not unusual to see them move in completely opposite directions.DO NOT work with a lender who has their eyes on the wrong indicators.

 

2) What is the next Economic Report or event that could cause interest rate movement?

A professional lender will have this at their fingertips. For an up-to-date calendar ofweekly economic reports and events that may cause rates to fluctuate, you can emailme ryan@treasuretomorrow.com and I'll update you.

 

3) When Bernanke and the Fed "change rates", what does this mean... and what impact

does this have on mortgage interest rates?

The answer may surprise you. When the Fed makes a move, they are changing a ratecalled the "Fed Funds Rate". This is a very short-term rate that impacts credit cards,credit lines, auto loans and the like. Mortgage rates most often will actually move in theopposite direction as the Fed change, due to the dynamics within the financial markets. Formore information and explanation, just give us a call.

 

4) What is happening in the market today and what do you see in the near future?

If a lender cannot explain how Mortgage Bonds and interest rates are moving at the presenttime, as well as what is coming up in the near future, you are talking with someone who isstill reading last week's newspaper, and probably not a professional with whom to entrustyour home mortgage financing.

 

Be smart... Ask questions... Get answers!

More than likely, this is one of the largest and most important financial transactions you will

ever make. You might do this only four or five times in your entire life... but we do this every

single day. It's your home and your future. It's our profession and our passion. We're ready

to work for your best interest!

 

Shopping Around? (Part II)

Here's The Inside Scoop On How To Do It Right! 

Once you are satisfied that you are working with a top-quality professional mortgage advisor,

here are the rules and secrets you must know to "shop" effectively.

 

IF IT SEEMS TO GOOD TO BE TRUE, IT PROBABLY IS.

But you didn't really need us to tell you that, did you? Mortgage money and interest rates all come from thesame places, and if something sounds really unbelievable, better ask a few more questions and find the hook.Is there a prepayment penalty? If the rate seems incredible, are there extra fees? What is the length of the lockin? If fees are discounted, is it built into a higher interest rate? 

YOU GET WHAT YOU PAY FOR.

If you are looking for the cheapest deal out there, understand that you are placing a hugely important processinto the hands of the lowest bidder. Best case, expect very little advice, experience and personal service. Worstcase, expect that you may not close at all. All too often, you don't know until it's too late that cheapest isn'tBEST. But if you want the cheapest quote - head on out to the Internet, and we wish you good luck. Just rememberthat if you've heard any horror stories from family members, friends or coworkers about missed closingdates, or big surprise changes at the last minute on interest rate or costs...these are often due to workingwith discount or internet lenders who may have a serious lack of experience. Most importantly, rememberthat the cheapest rate on the wrong strategy can cost you thousands more in the long run. This is the largestfinancial transaction most people will make in their lifetime. That being said - we are not the cheapest. Ofcourse our rates and costs are very competitive, but we have also invested in the systems and team we need toensure the top quality experience that you deserve. 

MAKE CORRECT COMPARISONS.

When looking at estimates, don't simply look at the bottom line. You absolutely must compare lender fees tolender fees, as these are the only ones that the lender controls. And make sure lender fees are not "hidden"down amongst the title or state fees. A lender is responsible for quoting other fees involved with a mortgageloan, but since they are third party fees - they are often under-quoted up front by a lender to make their bottomline appear lower, since they know that many consumers are not educated to NOT simply look at thebottom line! APR? Easily manipulated as well, and worthless as a tool of comparison. 

UNDERSTAND THAT INTEREST RATES AND CLOSING COSTS GO HAND IN HAND.

This means that you can have any interest rate that you want - but you may pay more in costs if the rate islower than the norm. On the other hand, you can pay discounted fees, reduced fees, or even no fees at all -but understand that this comes at the expense of a higher interest rate. Either of these balances might be rightfor you, or perhaps somewhere in between. It all depends on what your financial goals are. A professionallender will be able to offer the best advice and options in terms of the balance between interest rate and closingcosts that correctly fits your personal goals. 

UNDERSTAND THAT INTEREST RATES CAN CHANGE DAILY, EVEN HOURLY.

This means that if you are comparing lender rates and fees - this is a moving target on an hourly basis. Forexample, if you have two lenders that you just can't decide between and want a quote from each - you mustget this quote at the exact same time on the exact same day with the exact same terms or it will not be anaccurate comparison. You also must know the length of the lock you are looking for, since longer rate lockstypically have slightly higher rates. 

Again, our advice to you is to be smart. Ask questions. Get answers.

As you can imagine, we wouldn't be encouraging you to shop around if we weren't pretty confident

that we feel that we can give you a great value and serve you the very best.

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