It’s a good time of the year to refinance. The reason is your taxes get paid this time of year. When we refinance your home we have to prefund your new escrow account. Once the tax bill is paid (right about now), and up through January we are only collecting 3 months of taxes to put into…
Happy Thanksgiving Week! . Quick Tip: If you were considering selling an asset to raise money for a down payment on a house – you can! . Here’s how… . You must create a bill of sale reflecting the date of sale, asset to be sold, and the sales price. . The buyer’s and seller’s…
Keeping on the theme of ways to refinance if you owe more on your house than it’s worth… If you currently have an FHA mortgage you can do a Streamline Refinance. Some key aspects of this loan are… the mortgage approval process for an FHA Streamline Refinance says : 1) Employment verification is not required with an…
If your current loan is a Conventional loan I have good news for you! …There is a loan that exists right now in the market place that may well be able to refinance you! In fact, if you want to know if you qualify for this loan program you can find out right now. …and,…
If you owe more than your house is worth and you want to refinance there are three main options for you depending on if your loan is conventional, FHA, or VA. . Conventional: The main refi product for upside down mortgages is HARP 2. FHA: We can use a streamline refinance. VA: We can use…
Good Morning! Many people are unaware of this, but NSF charges on your bank statement can derail your loan. It’s true! NSF charges are a potential deal killer for the underwriter. If you have insufficient funds charges in your bank statement it signals to the underwriter that you are having a hard time managing…
Good Morning! Most loan programs for real estate investors require a minimum of 20% down. However, there is one program that only requires a 10% down payment. Fannie Mae foreclosures that are listed as qualifying for the Homepath program have more favorable financing for investors. The benefits to investors are… 1) Up to 90% LTV…
If you are trying to buy a house – but your spouse has no credit scores you have a problem. The problem is that you can’t use your spouse’s income for your loan, because they won’t be allowed to be on the loan. …but, not if you use me as your loan officer!…
If you have had a hard time getting a mortgage due to disputes on your credit accounts this email is for you! At the bottom of this post I’m going to freely give you the exact letter that I give clients to get disputes removed from their credit. …but before I do that I want…
Two things today… 1) Tip on how to buy a house that needs minor repairs. 2) Short cool video: 7 steps for how to keep a positive attitude. Problem: You are in the process of buying a house that needs minor repairs – but the seller refuses to do them – what do you do? …