I know it is a little late, but I will be doing a Reverse Mortgage Basics Class at the Sugar Hill Community Center Thursday this week. If your […]
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FHA vs Conventional When determining the best loan program for a client, we are looking at about 12 factors that can change the rate, closing costs, and even […]
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TIME, ENERGY, EFFORT Whether buying a home for the 1st time or selling your home, to purchase a home, you will spend a great deal of Time, Energy, […]
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VA – Veterans Loan Basics I have seen a rise in VA loan applications these last couple of weeks. So, I wanted to go over the basics and […]
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Whether it is big or small, it is a place for us to find Safety, have solitude, be with family and friends, and raise our children. This last […]
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Investment Property Loans for your Real Estate Investment Clients For some reason, this week was Investment property loan week. With that in mind, I wanted to just cover […]
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You have received your Appraisal. Now What? Everyone wants to see what the value is of their appraisal, but that is just the beginning of what the Mortgage Underwriter […]
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How To Stop Your Clients Wired Funds from Being Diverted to a Fraudulent Account Wiring money is not a game and the funds that are wired are not […]
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Credit and Current Monthly Debt Obligations are encompassed in Liabilities. I have covered Credit and Credit Score in other blogs (Read More). For our purposes, we are going […]
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When we look at a Borrower’s Income, we are generally looking for income that is stable and verifiable for the next 3 years. Income represents the borrower’s ability […]
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When we Talk about Assets in the mortgage lending process, we are generally speaking about Liquid assets and funds for closing: Types of assets we can use: Checking […]
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Here is a simplified breakdown of what we look for when we look at Property: Clear Title((ALTA endorsement 9) Appraised Value LTV(loan to value) is based on the […]
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We use the Acronym PAIL P – Property A – Assets I – Income L – Liabilities Property – Value, Type, Home Owners Association Fees, Occupancy(Owner Occupied, 2nd […]
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As many of you know, when a client says they are Self Employed, the 1st thing a good Mortgage Loan Originator is going to ask is, “Are you […]
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Now there is a JUMBO loan for folks that have had a Foreclosure or Short Sale in the last 2 years! 90% Loan to Value 2 years since […]
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I was talking to some of my Referral Partners and they said it would be helpful to have an overview of the Mortgage Loan programs available in today’s […]
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The simplest way to build, keep and maintain a good credit score is to have at least 3 Revolving Credit cards that you keep the balance at 20% […]
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I have been really enjoying listening and learning from Podcasts over the last year or so. One of my favorite podcast shows is The Tim Ferris Show. Tim’s […]
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“Our research suggests that there are too many eligible home buyers sitting on the sidelines due to misperceptions or anxiety about being turned down for a loan”. – Fannie Mae DOWN […]
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I almost Fell out of my Chair! That means that almost half of Americans, that are not home owners, believe that they need a 20% down payment to […]
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Did you know? Your Client Can Use A Reverse Mortgage to Purchase a Home! What are the Requirements? Both Borrowers must be 62 years old or older Down Payment […]
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I asked my Referral Partners, “What information can I provide you that will help you reach your business goals this year?” Their answer, “Give us information on different loan programs […]
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After 15 year in the Mortgage Business and 1000’s of loan closings, here are the basics to preparing your finances for purchasing a home. If you are getting […]
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