Good Morning!
No mortgage stuff today.
I want to share a wonderful program that I use - that's FREE!
It can help you too, and that's why I'm letting you know about it.
I'm not affiliated with the company, and have nothing to gain by sharing this information with you - other than knowing I'm helping you.
It's called Robo Form, and you can download it for free here...
http://www.roboform.com/download.html
Here's what it does... It's a toolbar that installs itself on all your browsers (explorer, firefox, whatever browser you use).
It automatically keeps track of every ID and Password you use on every web site you use.
It will save you a lot of time and headaches. I promise.
Have a good day... And, thanks for reading!
Brett
Wednesday, June 30, 2010
Monday, June 28, 2010
Have You Considered Building A Home? ...This Program Might Be Right For You.
Good Morning!
I wanted to highlight a little known program that is fantastic if you want to build a house on land, but you can't qualify for traditional bank build out financing.
We still have a onetime close build out program for modular homes. ...not manufactured, or site built - but modular.
A modular home looks a lot like a site built home. However, the components are built in a factory.
The parts are then hauled to the build site, and put together on site.
The great part is - this loan is an FHA loan! ...that means only a 3.5% down payment.
...and, if you already own the land - you would probably have no down payment.
If you are interested in building please contact me about this program.
Have a good day... And, thanks for reading!
Brett
I wanted to highlight a little known program that is fantastic if you want to build a house on land, but you can't qualify for traditional bank build out financing.
We still have a onetime close build out program for modular homes. ...not manufactured, or site built - but modular.
A modular home looks a lot like a site built home. However, the components are built in a factory.
The parts are then hauled to the build site, and put together on site.
The great part is - this loan is an FHA loan! ...that means only a 3.5% down payment.
...and, if you already own the land - you would probably have no down payment.
If you are interested in building please contact me about this program.
Have a good day... And, thanks for reading!
Brett
Monday, June 21, 2010
Good Credit For You - But Bad Credit For Your Spouse? ...I've Got A Loan For You.
Good Morning!
Do you have good credit, but your spouse has poor credit? ...but, you need their income for a loan approval?
I have a loan program that might just solve your problem. ...It uses the credit score of the primary wage earner for loan approval.
If this is your situation - let me know and I'll see if we can get you on this program.
Have a good day... And, thanks for reading!
Brett
Do you have good credit, but your spouse has poor credit? ...but, you need their income for a loan approval?
I have a loan program that might just solve your problem. ...It uses the credit score of the primary wage earner for loan approval.
If this is your situation - let me know and I'll see if we can get you on this program.
Have a good day... And, thanks for reading!
Brett
Wednesday, June 16, 2010
Now Is A Good Time To Do This For FREE...
Good Morning!
Mortgage rates are very low right now.
If your 30 yr fixed rate is 5.25% or over you should really consider refinancing.
For a FREE evaluation to see how much money you would save monthly, annually, and over the life of the loan - just give me a call or shoot me an email.
I'll be happy to evaluate your loan for you.
Thanks for reading - and have a great day!
Brett
Mortgage rates are very low right now.
If your 30 yr fixed rate is 5.25% or over you should really consider refinancing.
For a FREE evaluation to see how much money you would save monthly, annually, and over the life of the loan - just give me a call or shoot me an email.
I'll be happy to evaluate your loan for you.
Thanks for reading - and have a great day!
Brett
Monday, June 14, 2010
Possible Extension On First Time Home Buyer Tax Credit...
Good Morning!
There is talk that the deadline for the First Time Home Buyers Tax credit will be extended until September 30th.
This provision is currently included in a Jobs and Tax bill being discussed in the Senate.
...Note: this provision would only apply to those home buyers that would be jeopardy of losing their tax credit if they don't close by June 30th.
I'll keep you posted...
Thanks for reading - and have a great day!
Brett
There is talk that the deadline for the First Time Home Buyers Tax credit will be extended until September 30th.
This provision is currently included in a Jobs and Tax bill being discussed in the Senate.
...Note: this provision would only apply to those home buyers that would be jeopardy of losing their tax credit if they don't close by June 30th.
I'll keep you posted...
Thanks for reading - and have a great day!
Brett
Friday, June 11, 2010
Too Many Collections Your Problem? ...Here's A Way To Solve That.
Good Morning!
Have you been told by a loan officer that they can't help you because you have too many collections?
Most lenders have a cap on the amount of aggregate collections they will allow.
...for some the cap is $5,000. ...for some it's $7,500, etc.
If you have run into this problem - I have a solution for you...
Use me as your loan officer.
I have underwriting guidelines that have no limit on aggregate collections!
There it is - another seemingly insurmountable problem solved by Brett!
Have a good weekend!
Thanks for reading - and have a great day!
Brett
Have you been told by a loan officer that they can't help you because you have too many collections?
Most lenders have a cap on the amount of aggregate collections they will allow.
...for some the cap is $5,000. ...for some it's $7,500, etc.
If you have run into this problem - I have a solution for you...
Use me as your loan officer.
I have underwriting guidelines that have no limit on aggregate collections!
There it is - another seemingly insurmountable problem solved by Brett!
Have a good weekend!
Thanks for reading - and have a great day!
Brett
Wednesday, June 9, 2010
No Money Out Of Pocket For You On This Loan...
Good Morning!
I have this situation come up at least once a week, so I wanted to address it again...
Did you realize that when buying a house from an immediate family member - the buyer doesn't have to come out of pocket for a down payment with an FHA loan? (As long as it's a owner occupied residence for seller and buyer.)
...this is because the guidelines allow the seller to "gift" equity to the buyer.
So, the 3.5% down payment on an FHA loan can be a gift from the seller. ...in addition to this, the seller can also pay the buyers closing costs, and pre paid expenses (taxes and insurance).
Neat, huh!
Thanks for reading - and have a great day!
Brett
I have this situation come up at least once a week, so I wanted to address it again...
Did you realize that when buying a house from an immediate family member - the buyer doesn't have to come out of pocket for a down payment with an FHA loan? (As long as it's a owner occupied residence for seller and buyer.)
...this is because the guidelines allow the seller to "gift" equity to the buyer.
So, the 3.5% down payment on an FHA loan can be a gift from the seller. ...in addition to this, the seller can also pay the buyers closing costs, and pre paid expenses (taxes and insurance).
Neat, huh!
Thanks for reading - and have a great day!
Brett
Monday, June 7, 2010
If Your Credit Score Is Between 620 And 580 You Might Qualify For This Loan...
Good Morning! ...I hope you had a good weekend.
Did you know we still do FHA loans with credit scores down to 580? ...Yes! We do.
We call it our portfolio program, and here are some things you need to be aware of on this program...
1) Your last 12 months of credit needs to be pretty clean. No lates, collections, or charge offs.
2) You must prove you have paid rent on time for the past 12 months. If you pay an individual - you will need to provide 12 months cancelled checks.
3) The back end debt to income ratio is capped at 45%.
4) The rate on this program is higher than if you had above a 620 score.
If you meet these requirements and your credit score is below 620, but above 580 - I can probably help you.
Just give me a call or email me and we can discuss your loan.
Thanks for reading - and have a great day!
Brett
Did you know we still do FHA loans with credit scores down to 580? ...Yes! We do.
We call it our portfolio program, and here are some things you need to be aware of on this program...
1) Your last 12 months of credit needs to be pretty clean. No lates, collections, or charge offs.
2) You must prove you have paid rent on time for the past 12 months. If you pay an individual - you will need to provide 12 months cancelled checks.
3) The back end debt to income ratio is capped at 45%.
4) The rate on this program is higher than if you had above a 620 score.
If you meet these requirements and your credit score is below 620, but above 580 - I can probably help you.
Just give me a call or email me and we can discuss your loan.
Thanks for reading - and have a great day!
Brett
Thursday, June 3, 2010
One Day You May Need One Of These Loans...
Good Morning!
Did you know we do Reverse Mortgages?
I wanted to address the two most common
questions that I get regarding reverse mortgages...
1) Question: What happens if I die? Will the lender be taking my house?
a. No. After you pass away, your heirs may pay the loan balance in full with cash or by refinancing the debt and they can keep your home.
2) Question: What happens if the loan balance becomes greater than the value of my home?
a. No matter how large the loan balance becomes, you have the right to continue to live in the house. The lender cannot take over your home as long as it is your principal residence. Besides, you will NEVER owe the lender more than the value of your home. HUD will pay the shortage for you, if there is any.
Also, I wanted to share with you some pictures I took of a nice gift basket I received from one of my clients recently...
Thank you Julia and Jeffrey!
Have a good day today!
Thanks for reading.
Brett
Did you know we do Reverse Mortgages?
I wanted to address the two most common
questions that I get regarding reverse mortgages...
1) Question: What happens if I die? Will the lender be taking my house?
a. No. After you pass away, your heirs may pay the loan balance in full with cash or by refinancing the debt and they can keep your home.
2) Question: What happens if the loan balance becomes greater than the value of my home?
a. No matter how large the loan balance becomes, you have the right to continue to live in the house. The lender cannot take over your home as long as it is your principal residence. Besides, you will NEVER owe the lender more than the value of your home. HUD will pay the shortage for you, if there is any.
Also, I wanted to share with you some pictures I took of a nice gift basket I received from one of my clients recently...
Thank you Julia and Jeffrey!
Have a good day today!
Thanks for reading.
Brett
Tuesday, June 1, 2010
No Mortgage Insurance On These Loans...
Good Morning!
I hope you had a great holiday weekend!
Did you know that we have jumbo loans that go to 1.5 million dollars?
We also have no mortgage insurance on any of our jumbo loans - up to 90% LTV.
Have a great day - and thanks for reading!
Brett
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
$265 Off Your Closing Costs
Applies to new purchase loans and refinances submitted between June 5th and June 15th 2010.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
I hope you had a great holiday weekend!
Did you know that we have jumbo loans that go to 1.5 million dollars?
We also have no mortgage insurance on any of our jumbo loans - up to 90% LTV.
Have a great day - and thanks for reading!
Brett
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
$265 Off Your Closing Costs
Applies to new purchase loans and refinances submitted between June 5th and June 15th 2010.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
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