Good Morning! Until not too long ago you had to put at least 5% of your own money down when using a Conventional loan. …unless you got a 20% gift. Fortunately the gifing rules are more friendly to the borrower now. Now your 5% down payment can be a gift on a Conventional loan! …As…
Good Morning! Here’s a great little movie on the power of kindness someone sent to me… I thought you might enjoy it:http://www.powerofkindnessmovie.com/ That’s it for today! Have a good day today! …and thanks for reading. Brett To see if you qualify for a mortgage right now – CLICK HERE and fill out this simple application. To…
I’ve told you before that I can do alot of loans that other lenders just can’t do. I’ll give three simple examples of things I can do that many lenders just can’t… _ 1) DTI up to 55%! …Many loans die because of a high debt to income ratio. I can do high ratios!…
Good Morning! I’ve covered this before, but I think it’s worth repeating… Before you go out house hunting make sure you have enough money available to get your house closed. …I know it sounds simple, but many people don’t realize the amount of funds they will need available to get into a house. Here…
Good Morning! I promised you I would follow up on recent loan guideline changes. In the last blog post I covered recent changes in conventional loan guidelines. Here are exciting changes in the government loan guidelines. …They might just help you get a mortgage! 1) For FHA, VA, and USDA loans: Property can now be…
Good Morning! We are getting more flexibility on our loan guidelines! These changes are good for everyone – especially you! I’ll cover Conventional loan guideline changes in this post, and government in a later post. Here are just some of the exciting changes… 1) Seasoning requirements between cash-out transactions are no longer required. 2)…
Good Morning! I wanted to tell you that we are now offering a One-Time-Close construction to permanent program for manufactured and modular homes! Our One Time Close program provides construction financing, Lot Purchase and a Permanent loan, all wrapped in one. Here are some of the benefits of this program… 1) Reduction in total cost…
Good Morning! With FHA raising it’s mortgage insurance rates recently many people have turned to conventional financing. There are two reasons people are looking at conventional financing… 1) Generally the MI rates are lower. 2) There are more MI options. I wanted to specifically tell you about an under used MI option on conventional loans.…
Good Morning! I probably don’t do this enough, but I wanted to take a minute to explain to exactly what I do. …that is to say what I’m good at. …what I specialize in. Yes, I’m in the mortgage industry. I make loans for people to buy and refinance houses. I can do all the…
Good Morning! If you have been thinking about refinancing your USDA loan here are some rules we have to follow… The rules are in your favor!1) Closing costs and one time upfront USDA guarantee fee may be included in the loan. Origination fees are capped at 1% of the loan amount.2) No appraisal required.3) No…