New Loan Limits and Other Mortgage Change Stuff
Effective January 1, 2017, here are some good changes occurring in the mortgage world: DU Validation Service – You have all heard me talk about AUS(Automated Underwriting Systems). […]
Category: Alpharetta Mortgage Broker
How do we really qualify a Self Employed Borrower?
One of the Keystones to qualifying a home buyer for a Mortgage is proving Income. I received a call from one of my realtor referral partners this week […]
What is this Tax Transcript / 4506T thing I keep hearing lenders talk about?
In this weeks Blog, I am going to answer that question for you. On every mortgage loan that we do, the lenders require we complete and order a […]
Identity Theft in Georgia
Identity Theft In Georgia Check out these links with regard to Identity Theft Services: Shopping for Identity Theft Services Identitytheft.ga.gov Annual Free Credit Report Identity Theft: What to […]
95% Jumbo Loan Now Available
Yes it is true Virginia. There is a Santa Clause. We now have a 95% Jumbo loan available. Here are the basics: 1. Only 5% down 2. Minimum […]
FREE – Reverse Mortgage Basics Class
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 […]
Which mortgage is best for my client?
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 […]
Why it is Important to Get Pre-qualified for a Mortgage Loan
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, […]
What are the loan basics for VA Veteran Administration Loan?
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 […]
Home is the place we experience our deepest emotions. This is the thing that makes us Human.
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 […]
What are the loan basics for investment property?
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 […]
Key Items That Cause Problems With Appraisals
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 […]
Protecting Closing Funds From Thieves
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 […]
Liabilities
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 […]
Income
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 […]
Assets
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 […]
Property
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 […]
Pre-Approval, What We Look For
We use the Acronym PAIL P – Property A – Assets I – Income L – Liabilities Property – Value, Type, Home Owners Association Fees, Occupancy(Owner Occupied, 2nd […]
Self Employed, Bank Statement Loans
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 […]
Jumbo Loan for Foreclosures and Short Sales
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 […]
Posts
Win 4 Free Tickets to Six Flags! Register to win 4 free tickets to Six Flags along with 4 Flash Passes. Drawing to be on Wednesday May 15. […]
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Hi Dan, Are you a homeowner in the State of Georgia? Do you know the status of your property tax exemptions? You may be entitled to more property tax […]
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