Good Morning!
Did you know we still have an FHA portfolio program that will take credit scores down to 580?
I know you have probably heard that if your score is below 620 you don’t have a shot at a mortgage – not true.
I wanted to let you know that congress has passed another law that will change the FHA loan program.
They are changing the amount of initial and monthly mortgage insurance that gets charged by FHA.
I wanted to let you know I wrote a Special Report on No and Low Down Loan Programs, and I have posted it on my web site for you.
The cost of this report is – FREE.
I get asked about this a lot – so, I wanted to give you a little refresher on how you can get a mortgage when you have had a Bankruptcy in your life.
Chapter 7 Bankruptcy… You will need two years of seasoning after the discharge date of the Bankruptcy on your credit – for an FHA loan. …and, you can’t have ANY new derogatory information occur (lates, charge offs, collections) after the Bankruptcy discharge.
Good Morning! I hope you had a good weekend! Did you realize we can do a second mortgage up to $350,000? …It’s true! In fact, we can do a second this large up to 85% combined loan to value ratio. …Wanted you to know. That’s it for today. …Have a good week! Brett
Good Morning! Mortgage tip: If you are about to get into the loan process to buy or refinance a house – don’t go out and buy things on credit. It sounds simple, and you would think most people would know this without being told. …but, I have a loan right now where a borrower got…
Good morning!
I sent out an email on this about 4 months ago, but I see this situation enough that I think it bears repeating…
Good Morning! I want to talk to you about one of the biggest reasons behind the denial of many mortgage loans. …The reason is: OVERLAY GUIDELINES. The mortgage world mostly runs off of automated approvals these days. This is true for conventional loans, FHA loans, VA loans, even USDA loans. This means we take your…
Good Morning! Do you remember me telling you that FHA put off the announcement that the max seller help on closing costs was going from 6% down to 3%? It looks like this change to a 3% cap on seller help could happen as soon as next month. FHA is supposed to let us know…
Good Morning! If your current rate is 5.5% or over – please contact me about refinancing. It’s smart for you to evaluate this because rates are very low right now. Just call my office, or shoot me and email for a FREE evaluation. Have a good day… And, thanks for reading! Brett