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…
Good Morning! Here’s what you need to know about getting a cash out loan in Texas… If you get a traditional Texas Home Equity Loan to pay off your current mortgage (assuming you have a mortgage), and give you cash out – you need to be aware of the fact that this will permanently change…
Good Morning! Many people don’t know just how great our title services are!… Did you know that our title services will come to your home or office to close your loan? …even on weekends! Once we closed an emergency room doctor – while he was while he was on duty at the hospital! …just keep…
Good Morning! A couple of important things to keep in mind for real estate investors… I wanted to remind you real estate investors that we allow up to 10 financed properties! …Most banks cut you off at 4 financed properties. Also, we allow property flips with less than 90 days of seasoning! Let me help…
Good Morning! Did you know I can go down to a 580 credit score on FHA now? Yes I can! Here are some things you need to know about this program… · Credit scores between 580 and 599. · 95% max LTV (5% down payment). · 33/45 DTI max. · 12 months cancelled rent checks…
Good Morning! Back in 2007 when the mortgage market crashed one of the first programs to disappear was cash out loans on investment properties. Non owner occupied guidelines are still very conservative – long gone are the days of 100% financing on investment properties. …but, I wanted to tell you that I CAN do cash…
Good Morning! If you are needing to purchase a home for an elderly person, or a disabled child – you can purchase this home as an owner occupant! This means you get owner occupant rates and loan to value ratios (lower rates and lower down payment)! Please keep this in mind if you or someone…
Good Morning! Traditionally if you wanted to use gift funds for your down payment you had to use an FHA, or USDA loan. This means the gift would represent your entire down payment and you wouldn’t need to come out of pocket with your own sourced funds for the down on FHA and USDA. Now…