Good Morning! I’ve written about this before, but I wanted to touch on it again because I see this problem kill many loans – unnecessarily! Have you been told by a loan officer that you don’t qualify for a mortgage because you don’t have enough “trade line depth”? Most lenders have guidelines for the number of…
Many people don’t think it’s possible to get a mortgage if you owe the IRS back taxes. I’m happy to tell you that it is possible, and this is how you do it… 1) If you owe the IRS back taxes you have to take the initiative and make a payment plan with the IRS…
Good Morning! Attention: June 11th is almost here! June 11th is when the new FHA streamlined mortgage insurance rates become effective. If you closed your FHA loan before May 31st of 2009 then you qualify for the new streamlined refinance rates of 0.55% Annual MIP, and the up front premium goes down to 0.01%! This…
Hello! I encourage you to watch this new series of videos I just created. Here are the various subjects of each video… Watch the ones you are interested in. How to get a mortgage with low credit scores. How to get a mortgage if you’ve had a foreclosure. How to get a mortgage with public records. How…
Good Morning! I get this question about closing costs a lot… …When is it best to roll closing costs into the loan (on a refi)? Keep in mind there are three ways to handle closing costs on a refinance loan… 1) The borrower can pay them out of his pocket at closing. 2) The…
Good Morning!. I like to take time every now and then to watch a Simple Truths movie. Here’s a short video I recommend… Stress Is A Choice. Enjoy. Have a good day today! Brett To see if you qualify for a mortgage right now – CLICK HERE and fill out this…
Good Morning! If you have been told you don’t qualify for a loan now… Keep your chin up! It doesn’t mean you will never qualify for a loan.The key to you getting a loan is simple – and it’s free! You need a PLAN! Here’s what you need to do, and I can help you…
Good Morning!.. The Department of Housing and Urban Development is again talking about reducing the seller contribution on buyers closing costs from 6% to 3% on FHA loans.Many home buyers prefer to use the FHA program primarily because of the larger seller contribution (currently 6%). If this policy goes into effect it would make it…
Good Morning! If you have been following my posts you have probably learned that you can get a gift from a relative for your down payment on an FHA loan. Many don’t realize this, but you can also use a gift for a conventional loan down payment! The guidelines have changed on this in…
Good Morning! There are allot of people with challenged credit that would like to purchase a home. …perhaps your one of them. I created a page on my web site with some simple simple facts on how you can go about getting a loan with a low credit score… Click here to see the page.…