Good Morning! The funding fee is lowering for VA loans! You know VA doesn’t have monthly mortgage insurance, but they have always had up front MI paid at closing. The upfront MI was always quite a chunk of change, but it’s now getting a lot lower. Here is the new schedule… (This is an image…
Good Morning! Did you know that I can do an FHA loans down to a 580 credit score now? …Yes I can! Here’s a few things needed to qualify for this program… 1) We either need 12 months cancelled rent checks, or if you rent from an apartment complex we’ll need a verification of rent…
Good Morning! Rates are getting really low right now. If your current mortgage rate is over 5% – this message is for you! If you would like to see how much money you could save every month – and over the life of your loan please click this link and enter your information in the…
Good Morning! I’ve written you about this before, but I wanted to touch on it again today. I ran into this issue just 2 days ago – and I wanted to share with you how to roll repairs into a purchase price. If you are buying a house that needs minor repairs – but the…
Good Morning! This may sound funny coming from a mortgage guy, but sometimes it’s not necessary to refinance your mortgage to reduce the number of years left on your mortgage. I have to tell people sometimes that it just doesn’t make sense to refinance. The drop in rate isn’t significant enough to warrant the costs…
Good Morning! I’m a loan officer, and I don’t work in the credit repair industry. However, I do recommend companies to my clients. There’s one company in particular that I have seen do great work time and time again. They used to charge $499 per person for their services. I’m excited to tell you that…
Good Morning! Many lenders can’t do a Texas Cash Out Loan over the $417,000 conforming loan limit. …but, I wanted you to know that I can do Texas Cash Out Loans all the way up to $650,000! Have a good week! Thanks for reading! Brett
Good Morning! If you have a conventional loan, and your loan to value ratio is over 80% – you will be paying monthly mortgage insurance to the lender. No one likes paying monthly mortgage insurance. It’s extra money added to your payment every month, and it’s doesn’t help pay down the balance of the loan.…
Good Morning! ATTENTION: I currently have access to a new government sponsored program that will provide you with down payment money to buy a house! The funds in this program are limited, and it’s on a first come first serve basis – so take advantage of this program while it’s available. To learn more about…
Good Morning! There’s big news on VA loans staring October 1st 2011. …The funding fees are being reduced by the government! Here is the new schedule… First Time Entitlement Use Down Payment Active Duty National Guard Reserve List None Current rate = 2.15% / After 10-1-2011 = 1.4% Current rate = 2.4% / After 10-1-2011…