Here’s one way to get a loan done with existing disputed accounts on your credit. Does this situation sound familiar?… You hired someone to work on your credit. Now, you have a bunch of disputed accounts on your credit report. That’s all fine and good… Until you need to get a mortgage. Your mortgage guy…
I’ve told you before that I can do alot of loans that other lenders just can’t do. I’ll give three simple examples of things I can do that many lenders just can’t… 1) DTI up to 55%! …Many loans die because of a high debt to income ratio. I can do high ratios! 2) Credit…
I wanted to let you know that the Department of Rural Development will be changing their USDA eligibility maps on October 1, 2013. The USDA program is a 100% financing program designed for outer suburbs and rural areas. As cities continue to grow and expand the ineligible areas surrounding cities also grow. …in other words…
While rates are still relatively low I wanted to show you how smart it can be to reduce the term on your loan. For instance, going from a 30 year loan to a 10 year loan will save you a BUNCH of money. …money you could have accumulating in a retirement account, or sending your…
Both FHA and USDA are widely used loan programs for homes in the country. …but sometimes these programs aren’t the best fit for homes in the country. Each one has limitations that may not be the best match for the home you like. I wanted to give you an alternative program to consider for country…
Many are lamenting the fact that 30 year interest rates have gone north of 4%. They feel like they’ve missed their chance to get a rate in the 3’s. You may not have considered this, but it’s still possible to get rates well below 4% in today’s market through the use of ARMs. I just…
Continuing the theme of my last post I’ve created another short video to help you get into a house if you have some bumps in your credit. It’s titled: How To Get A Mortgage With Collections. It’s a couple of minutes long, but it will tell you the rules regarding collections that the mortgage industry…
Occasionally I like to create short videos as a teaching tool for borrowers and Realtors. I’ve made this short video explaining the keys to get a mortgage after bankruptcy. Believe it or not it is possible to get a mortgage after bankruptcy! Watch this short video to find out how… CLICK HERE NOW That’s it for today!…
You may not be aware of this be we do allow repair escrows on FHA 203b loans. (203b is the most common FHA loan) Repair escrows are monies that are set aside (out of seller’s proceeds) to make minor repairs on the home purchased after the closing has occurred. I wanted to let you know some of…
If you are a prospective home owner you are probably aware of the tax deduction you receive from mortgage interest on your income tax returns. However, there’s another tax benefit available to you that you may not have heard about. This tax benefit is called a Mortgage Credit Certificate (MCC). …and, it’s not just another…