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Kuranda Mortgage
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Most noticed mortgage company in the Philadlephia area
Most noticed mortgage company in the Philadlephia area

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Tom, I thought you would appreciate this below. An extra credit on the Final exam this past Wednesday: "What two or three points did you take away from Mr. Kuranda's talk as considerations for your own business knowledge and professional development?". Wow, it is well written. There are also other fine responses as well. Clearly, you had impact. Thanks again!
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Living in the Strafford/Devon area, I pass Kuranda Mortgage every night I return home from night class. Many times at the stop light out front, I honestly looked in the window and became curious at how a small family mortgage company could exist after the era of the housing crisis and rise of mega-banks like Wells Fargo that dominate the market. It was to my surprise and genuine enjoyment that I learned we'd be hearing from Thomas Kuranda. Although I have a mortgage for my small condo, I know little to nothing about how the mortgage industry operates. Mr. Kuranda not only illuminated this for me, but also imparted more general business knowledge and advice to us all. I have the following major takeaways. There are more, but these are some of the first that come to mind:
1) The necessity of reinvention- Owning a small business is not for the faint of heart. But even for those who will never do so, reinvention is an essential aspect of both business and our personal lives. Just when you think you have something figured out and become complacent, life can throw you a curveball and have you scrambling for an answer. For Mr. Kuranda, the home loan crisis a decade ago almost put him out of business. Yet, he calmly studied the situation and took the necessary steps to survive and thrive again, even if it meant changing things drastically. He reduced the size and scope of his operations and became a mortgage broker to better align with where the industry was heading. Today, his company exists on a new plane and in a new form. He does not look backwards but, instead, ahead at the future. This was the most impactful lesson he shared, in my mind.
2) Know what you are and what you are not- In business and in our careers, you cannot be everything to all people. Mr. Kuranda knows he can't compete head-on with the large corporate players in the market, so he doesn't try to do so. He competes on an entirely different value proposition centered upon personal care, great service, and trust. It reminded me of my company, QVC, and it's efforts to distinguish itself in the market and to investors from the almighty Amazon. We cannot compete with Amazon on shipping time or selection. Instead, we are carving out a space for customers who like the thrill of discovery and seeing products demonstrated live. We don't try to compete on price or offer two-day shipping. We know what we are and what we are not, much like Kuranda Mortgage. Pick a few key attributes you are good at and focus on doing those as best as you can.

3) Do your homework- Mr. Kuranda does not have the luxury of huge staffing that his large scale competitors do. He cannot hire competitive analysts, economists, and high-priced consultants. He does not let this stop him from doing his own research on the industry and knowing it inside and out. By touching upon every area of the business, rather than specialize in one thing at a large company, Mr. Kuranda knows a great deal about many different aspects. He knows about the history of the industry, the major regulations governing mortgage companies, the state of the economy, and what other morgage companies are up to currently. In the age of the internet, the democratization of information has changed the world. There is information readily accessible that previously only could be found in large volumes of textbooks or in the heads of experts. Now, no matter what area of business we are in, there is opportunity to do research that can unlock untold opportunities. It is unfathomable, for example, the amount of information stored in something accessible like Wikipedia. It used to be mocked 10 years ago for being crowd-sourced. I believe for 90% of information we seek to research, it is relatively very reliable for a free tool. We have recreated the Library of Alexandria in digital form for all to enjoy and discover. The speed at which we must move in life and in business is quicker than any human had to deal with before. This makes the demands on us to be knowledgeable about our world and industry increase significantly.
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Watch Kurandamortgage.com TV adds till years end in several PA counties, covering millions of households. HGTV, TBS, TNT, BRAVO, FOOD, TLC, FS1, ESPN2 Our refi adds (which are lower than purchase rates by 1/8), air in every Phillies game till the season ends, and can also be seen on HGTV, TBS, TNT, BRAVO, FOOD, TLC, FS1, ESPN2. SPEND MONEY TO MAKE $$ in slow markets.
Austin Duca, Jon Leonard, Jackson Kuranda, Kuranda Financial Mortgage Inc. EST1996
Watch Kurandamortgage.com TV adds till years end in several PA counties, covering millions of households. HGTV, TBS, TNT, BRAVO, FOOD, TLC, FS1, ESPN2 Our refi adds (which are lower than purchase rates by 1/8), air in every Phillies game till the season ends, and can also be seen on HGTV, TBS, TNT, BRAVO, FOOD, TLC, FS1, ESPN2. SPEND MONEY TO MAKE $$ in slow markets.
Austin Duca, Jon Leonard, Jackson Kuranda, Kuranda Financial Mortgage Inc. EST1996
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Watch for Kurandamortgage.com TV adds in every Phillies Baseball game till the end of the season.
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Congrats to the Villanova Men's Basketball team for winning the NCAA tourney last night. Nova is my Alma mater. I speak to MBA candidates there, received an excellent education from Nova and have closed well over 1 thousand loans from the Kuranda tie into the University over the last 2 decades. Last decade for 4 years, Jay Wright did our TV and radio adds. Well done Nova and congrats.
Congrats to the Villanova Men's Basketball team for winning the NCAA tourney last night. Nova is my Alma mater. I speak to MBA candidates there, received an excellent education from Nova and have closed well over 1 thousand loans from the Kuranda tie into the University over the last 2 decades. Last decade for 4 years, Jay Wright did our TV and radio adds. Well done Nova and congrats.
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With rising home prices and a declining number of available homes for sale, rents are increasing at the fastest pace in almost 2 years. The median rent in the U.S. has increased 2.8% over the past year to a monthly cost of $1,445. This pace of appreciation is the fastest we have seen since May 2016. Potential home buyers (mostly millenials coming out of college) are having a difficult time finding a home they can afford, so in turn they are renting even longer. The rise in mortgage rates is only making this problem worse, decreasing the affordability even more for those looking to purchase a home.

However, the average mortgage loan amount in the U.S. is about $220,000 and the avergage monthly mortgage payment is $1,061 (for a 30 year mortgage at 4%). Finding an affordable home is crucial to these potential homebuyers, due to the price of rent continuing to exceed the average mortgage payment. Many of these renters do not want to throw away thousands of dollars a year on rent, when they could be investing those thousands into their dream home.

In this economy, the prices of homes are going to keep growing, so it is crucial for consumers to continue to improve their credit and finances to get approved for larger loan amounts.

We at Kuranda Mortgage are here to help you every step of the way. If you have any questions about purchasing a home or refinancing your current rate, we are here to explain it all. Give us a call at 610-975-9940 and take a look at our rates at KurandaMortgage.com.
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If you've been following along with us, you have the information to improve your credit, pay off your mortgage faster, and chose the mortgage rate and term that would work best for your unique situation. But the most important step of finding a mortgage is choosing the right lender. We have provided some information to help you make this decision.

1) Look for lenders in your area and make sure you read reviews. The best way to understand the quality of a business is by the way they leave their clients feeling after the transaction.
2) The best way to get the most from your lender is meeting with them in person. Find a local lender with convenient hours to best fit your schedule.
3) Make sure your lender has experience. For example, Kuranda has been in business since 1996, closing over 27,000 loans. You want a lender with the experience and knowledge it takes to make sure your purchase or refinance goes as smoothly as possible.
4) Shop around. Once you know the term you would like for your mortgage, look around and see who is offering the lowest rate on that term.

Now that you know what to look for, you'll see that you can rely on Kuranda Mortgage to give you complete peace of mind when processing your loan. Call us today at 610-975-9940!

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There's no question that all of us would like to pay off our mortgage in the fastest time possible. We have some suggestions that will help you achieve this goal.

1) Make extra principle payments. This will reduce the term of your mortgage and keep you in control. You can make the extra payments higher or lower, depending on your financial situation at the time.

2) Make one extra payment each year. By making one extra payment per year, you could decrease a 30 year mortgage to 26 years.

3) Pay your mortgage based on a shorter term. If you have a 30 year mortgage, you can pay based on a 20 year term, chopping a full decade off of your loan.

4) Refinance. Refinancing your loan can save you thousands of dollars. If you're not sure if you qualify, give us a call and we can help you.

If you have any questions about any of these suggestions, please don't hesitate to call us at 610-975-9940. It is our job to share our knowledge with you so you feel as confident as possible committing to this lifechanging investment.


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Like everything in life, there are pros and cons to any mortgage rate. However, if you're looking to spend less on interest and willing to put out a bigger monthly payment on your mortgage, a 15 year fixed loan is for you.

First, let's look at an example. Say you purchase a home for $200,000. You decide that you want the lowest monthly payment, so you go with a 30 year fixed rate mortgage with a rate of 4.13%. If you use the full 30 years to pay off your mortgage, you will spend over $140,000 on interest alone. That's over 70% of the price of your home!
Now say you decide to take a 15 year fixed rate on the same home. Your rate, relative to the situation, would drop to 3.2%, since shorter loan terms come with lower rates. If you use the full 15 years to pay off your mortgage (on the same $200,000), you would spend $52,000 on interest. That is 37% of the interest you would pay on the 30 year loan, saving you $88,000 on interest.
Now of course it isn't that easy. With a 15 year fixed rate loan, you will have larger monthly payments, which means less liquidity of your income. Also, since your debt to income ratio would be higher with a shorter loan term, you wouldn't be qualified for as large of a loan.

Going over the pros and cons of each loan will help you decide which loan is best for you and your current situation. Kuranda Mortgage is here to help you and your family secure your dream home at the lowest rate possible. If you have any questions at all, don't hesitate to call us at 610-975-9940.
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One of the most stressful parts about buying a house is finding a loan that is best for you. Kuranda Mortgage understands that this process is no walk in the park if you have never done it before, so we are here to walk you through it! Our experienced professionals know what you are feeling, and they are here to make this as easy as possible.

The first thing you should do before you start house hunting is get prequalified for a for a mortgage. Getting prequalified for a mortgage can provide insight to what you will be able to borrow and what your rate will look like. This information will save you time and headache by allowing you to make decisions based on what you will be able to afford and how much the interest rate will impact the price of your home.

Getting prequalified is the easy part! There are a few steps to getting prequalified, and we are here to help you achieve them all. Step one; come into Kuranda Mortgage. We will find you the best rate and be there to answer every question throughout the entire process. Step two; make sure to bring your driver's license, proof of income, and social security number. We will need this information to be able to run your credit to help us find out what loan would be best for you. Step three; come prepared to answer some financial questions. We will ask you a few questions about your financials such as employment, income, and assets you may have. This information will continue to help us get you the lowest rate possible.

Once you complete these steps, you will be on your way to getting the best rate for your mortgage. If you have any questions about any of the information provided, don't hesitate to reach us at 610-975-9940. We are here for YOU!
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Are you a new home buyer wondering how to finance your new home? We at Kuranda Mortgage are here to help you find the best way to finance your investment! There are multiple ways to finance your new home, but there is one inparticular that benefits those who have less than perfect credit scores and are new to the home buying experience, which are FHA loans.

The Federal Housing Administration (FHA) is an organization created to help first time home buyers finance their home.

FHA loans only require a 3.5% down payment. To put this amount in perspective, let's say the home you want to purchase is $250,000. The down payment when using a FHA loan would be $8,750. This is much more affordable and possible for first time home buyers compared to other loans requiring up to 20% down, which would be $50,000. Another way FHA loans make home buying accessible for new customers is by making it easier to qualify. FHA loans make it possible for people with lower credit scores to get approved.

Kuranda Mortgage offers many different loan options for everyone. We understand not everyone is the same, that's why we are dedicated to understanding you and your family's needs to get you the best rate for your home. If you have any questions about what we can do for you, call us at 610-975-9940!
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