Great Information here... Please READ !A short sale can be an excellent solution for a homeowner who owes more on their home than what it is worth and has to sell. Unfortunately a number of myths about short sales have developed and it is important you understand the reality of this process if th
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06/12/2010
Short Sale / Foreclosure? * Well, the inventory is FULL of these and you will need some type of loan that allows you to attain a mortgage not passing an appraisal. * These loans are available to buy the house AS-IS, and have money to fix it up the way you want it, ALL IN THE SAME LOAN! *
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06/12/2010
SOOO... What do you think about FHA Mortgage Insurance?? Necessary Evil, right? Well, what would you say if I said it just TRIPLED??? Please tell me... In a near unanimous vote of 406 to 4 Thursday, the U.S. House of Representatives passed a bill intended to replenish the coffers of the fed
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06/11/2010
203K's... the misunderstood, misguided, misnomer of the lending world; Who really wants to do them? ME! These wonderful loans are here for us to buy properties that will not pass an appraisal in their current condition and they allow us to submit a contract to purchase it AS-IS. This means we wi
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06/09/2010
Good Morning from the Island of Saint Lucia... (Yes, I'm pathetic... here on my honeymoon and blogging....) Brent is bringing you a new report and word of caution regarding 203K's and REO's. This isn't something that happens exclusively with REO's, but you will find this occurance here more oft
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06/03/2010
Well, you have worked hard to get to the position where you can have your own office. Congrats! Yeaaaa. Now is the time to start planning. Being the commensurate planner that you are, you bang out your Excel Spreadsheet and have the details all figured out. But alas, these are the tangibles
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05/24/2010
Streamline 203K or Full K... That is the question. Quick lesson on when to use either. So, everyone knows that the Streamline 203K can go up to 35K, right??? Well, kinda. You see, the TOTAL COST OF CONTRUCTION goes up to 35K... this is normally somewhere around 33,500 max renovation cost.
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05/23/2010
Renovation Financing Available * 3% Downpayment * Investors welcome! * No MI! * Amazing! We specialize in these loans and can close them directly! :) Please call me with any questions. Below, you will find the highlights for both the straight program and the renovation style. This product is on
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05/22/2010
Rates are UNDER 5.0% for most loan programs now!! THIS IS AMAZING! Refinances are going to start again and people are going to get money for almost nothing, so long as Obamanomics doesn't take away our Mortgage Interest Tax Write-Off. That being said, what about the industry? How does it look
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05/21/2010
Well Said Lewis! I agree 100%.... How does this apply in the 203K world? If your LO doesn't know K's, the settlement trail will be lined with so many pitfalls, the old Atari game would seem easy ;) Kluge Out!*** I want this to be known from the get go... I am not endorsing nor do I get any co
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05/21/2010
