I have people ask me about no cost refinances. I wanted to take a minute and tell you exactly how a no cost refinance works. There are two pools of funds you have to address when you refinance… 1) Closing costs. 2) Pre paids. (taxes, interest, and insurance) A no cost refinance will cover your…
This is a program we have for self employed borrowers that can’t provide traditional tax returns to get a mortgage. Here are some details about this program… · Up to 90% LTV · No 1040’s, no 4506T, no prepay, No MI, no reserves, 100% gift funds allowed · 24 months Business statements – if sole…
If you are having trouble selling your home – there’s really only one of two reasons your home isn’t selling… It’s either the home, or it’s the price. So, take a step back and give your home an honest look. …try to determine which one of these reasons might be behind your home not selling.…
Here’s an easy way to put down only 3%, pay no up front Mortgage Insurance, and get a very competitive rate… …It’s Fannie Mae’s 97% purchase product! Here are some of the important features of this product… 1) Owner-occupied primary residence only. 2) Minimum 620 FICO score. 3) Seller contributions up to 3% of sales…
Did you know I can do loans for people with only an ITIN number? That’s right, I can do loans for Foreign Nationals that have no social security number. Here are some of the highlights from the guidelines for this program… A Foreign National is not a resident of nor permanently resides in the…
When you give someone option money at the onset of a lease option agreement – you are going to have to prove you gave that money when you get a loan to buy that house. How do you prove it? If it’s certified funds you need to keep a copy of the certified check. If…
I hope you had a safe and happy holiday season! Some thoughts on mortgage rates going forward… The Fed finally hiked on December 16th, but there was no immediate reaction in mortgage rates. Some experts think that an economic contraction might not be too far away. Others are concerned about a lack of inflation (which…
Christmas is for spending time with those you love, and putting memories into your memory bank. I hope you did lots of both! Reminder – property tax bills are due at the end of January. If you have a non escrowed loan and don’t have the money to pay the tax bill, or don’t want…
Here we are at the end of the year. Now is the time to think about what you want to achieve for the coming year. …To set your goals. I would like to suggest one of the goals you should incorporate for the coming year if you aren’t already doing it is to create a…
It’s a good time of year to take a step back and review your year. …what you did. What you wanted to do, but didn’t. …and, what you want to accomplish next year. …and, what you’re grateful for. I’m on Simple Truths email list. They sent an email of this video on being grateful. It’s…