Good Morning! This would apply to veterans using VA loans, and realtors/title officers involved in a real estate transaction involving a VA loan… Veterans Administration guidelines state that if a sales contract is signed by the veteran prior to receipt of the Lenders Notice of Value, the contract must include, or be amended to include,…
Good Morning! Wednesday, Eurozone leaders are expected to announce an aid package for Greece. If the stock market likes the aid program to Greece – then the stock market will soar, and the bond markets will sink. This will make mortgage rates go higher – and possibly much higher. If you are shopping for a…
Good Morning! I wanted you to be aware of a special loan program Fannie Mae has created for Fannie Mae owned property. It’s called HomePath. It allows a low down payment and flexible mortgage terms. Here are some of the great features of this loan… 1) Only 3% down payment. …and, this down payment can…
Good Morning! If you own four or more investment properties, and you want to purchase another one you’ve most likely run into a problem. …Most banks will tell you that they can’t finance more than 4 properties for any one borrower. This “max four properties financed” common in the mortgage industry. However, I wanted to…
Good Morning! I try to touch on this at least once a year because many people are steered into cash out loans without knowing how they will be impacted. Here’s what you need to know… If you get a traditional Texas Home Equity Loan to pay off your current mortgage (assuming you have a mortgage),…
Good Morning! If you purchase and fix up an investment house – you either want to sell it right away, or you want to pull your money out so you can go buy another one right. …sometimes it’s not so easy to sell the home for top dollar right away. So, if you see the…
Good Morning! You know you are entitled to an annual free credit report? Here’s a web site you can go to and get your report… https://www.annualcreditreport.com …Oh, and remember – I can now to FHA loans down to a 580 score! Thanks for reading! …and, have a great day! Brett
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…