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
Good Morning! Did you know that 25% of Americans have a credit score below 599? …It’s true! If you are in this group of 25% having a score of 599 or below it doesn’t mean buying a home is out of your reach. …It just means you need a plan to get your score up.…
Good Morning to ya! Since I sent this email out a couple of months ago – I’ve had many people ask me about how to do a free refinance. So, I’m resending this email explaining how it works… I wanted to take a minute and tell you exactly how a no cost refinance works. There…
Good Morning! We are starting to get more flexibility in the conventional loan product market. For the first time in years we can now get you 97% financing on a conventional mortgage. Max seller help on this product is 3%. Have a good day… And, thanks for reading! Brett