I wrote a Special Report on how to purchase a home with a Reverse Mortgage. This Report gives you three real life examples of exactly how others used this unique program to buy their dream homes. You’ll also learn the one thing you must absolutely know before making an offer on a house with a…
Did you know Fannie Mae has a program that allows you to finance up to 10 properties? This is a great program for those of you wishing to accumulate rental properties, or add a vacation home in some exotic local. This program will lend up to 90% loan to value ratio on non owner occupied…
Wanted to give you a little peak into what I send to past clients. I like to send out hand written cards to my past client database. Here is a copy of a post card I sent to my client database this week. That’s it for today! Have a good day today! I appreciate you!…
I hope you guys had a good weekend! Baseball season starts tonight, which to me means spring is here. I’ve used this example before about how to buy a house using a Reverse Purchase. It’s such a great program I wanted to post it again… I had a borrower recently use a reverse mortgage to…
Since we are fast approaching tax season I wanted to make you aware of a deduction that can be problematic if you are trying to get a mortgage. If you have a W-2 job, and you are considering getting a mortgage here’s something to keep in mind as tax season approaches… The deductions you take…
Are disputed accounts on your credit report preventing you from getting a mortgage? Automated underwriting engines will ask that the disputes be removed before a final approval will be given on your loan. Getting disputes removed can be costly and very time consuming. …and, often this process alone can kill your purchase transaction. One way…
I wanted to highlight an underused program in the mortgage market. …It’s Freddie Mac’s Home Possible. Here are some highlights of this great program… – 97% financing! – Only .25% mortgage insurance rate! …compare to .85% for FHA and over 1% for 95% Conventional. – No reserves required. – Allows 3% seller contribution. – There…
Suggestion: If you bought your home with an FHA loan, and you have been there more than a few years you might want to look at refinancing into a Conventional loan. Many neighborhoods are appreciating rapidly these days. If your loan to value ratio is under 80% you could refinance to a Conventional and drop…
There’s news from the three major credit reporting agencies… They are making changes that will immediately improve credit scores for many. Equifax, Experian, and TransUnion, will soon remove tax lien and civil judgment data from some consumer credit records. The removal will impact most such existing data and, going forward, the way new data must…
The Fed is hiking rates again Wednesday. This represents an acceleration of their strategy. It’s been a long long time since the Fed has hiked rates within a quarter of their previous rate hike. …So, if you have been thinking about purchasing a home or refinancing – now is the time to do it, because…