Good Morning! Here’s three little credit tips for you… 1) Did you know a single credit card late payment can ding your score by as much as 60 points? a) Helpful strategy – set your payments up on autopay. 2) The quickest way to increase your credit scores are to decrease your credit utilization ratio.…
Good Morning! If you need an Alternative Documentation loan look no further. We have the most robust Alt Doc product offering in the mortgage industry. Alternate Documentation loans are loans that allow you to use alternative documentation to prove your income. That is, other than the traditional Tax Returns, or W-2’s and Pay stubs. Option…
Good Morning! Did you know we have a loan program for Foreign Nationals?A Foreign National is someone who is neither a US Citizen, or a permanent resident.Here are some aspects of the Foreign National program…70% LTV for Second homes & Investment Properties Purchases ( 1 year full doc or asset depletion)65% LTV Cash out transactionsIf…
Good Morning! Did you know we provide NO Ratio loans for investment loans? On this loan we verify the assets to close, but NO INCOME VERIFICATION. Loan to value ratios up to 80%. Easy, and pretty cool! Follow up with me if you are interested in this. That’s it for today! Thanks for reading! Get…
Good Morning! I want to show you how to roll repairs into a purchase price. I touch on this subject from time to time. If you are buying a house that needs minor repairs – but the seller refuses to do them – what do you do? This situation happens a lot, especially on bank…
Good Morning! Do you know the best way to get sellers to help pay your closing costs, prepaid taxes, insurance and reserves when you buy a home? …You ask them! (In a tight market some seller’s are reluctant to offer alot of help, but you can always ask.) You make it part of your offer…
Good Morning! I wanted to follow up on my blog post from last week… http://www.berkshirelending.com/2018/12/26/how-gov-shut-down-will-affect-mortgage-business/ It was about the government shut down affecting the mortgage business. Many wholesale investors are now suspending the requirement for pulling tax validation transcripts. I figured this would happen. …otherwise, all purchase transactions would be shut down until the government…
Good Morning!Hope you had a great New Years!Want to buy a nice home in the country or outlying suburb with no money down?Here’s a program that might work for you…It’s called USDA, and here are some details on this program…-Up to 100% of the Appraised Value – Total LTV of 102% –-Difference of sales price…
Good Morning! I hope you guys had a great Christmas! Quick note on how the government shut down may affect you if you are currently in the mortgage process… One of the last conditions completed on most loans is a validation through the IRS’s system to verify the income documents (tax returns / w-2’s) given…
Good Morning! Here are three things you need to be aware of for us to use your bonus income to get a mortgage… 1) We can’t use bonus income or overtime income unless you can prove you have been receiving this income for 2 years. 2) The employer has to indicate that the bonus or…