Good Morning!
I wanted to let you know that on November 21 the president signed HR 674.
This bill resets the VA funding fee rates for up front mortgage insurance on VA loans.
Here are the new rates...
Down Payment First Time Subsequent
0-4.99% 2.15% 3.30%
5%-9.99% 1.50% 1.50%
10% or more 1.25% 1.25%
If you are needing some advice on VA loans - give me a call or shoot me an email. I'll be happy to help you out!
I hope you have a good day today! Thanks for reading!
Brett
Wednesday, November 30, 2011
Monday, November 28, 2011
I Can Now Do This Loan Down To A 580 Score...
Good Morning!
I wanted to let you know that I can now do USDA loans down to a 580 credit score!
Remember USDA is a 100% financing loan!
...You can go to this link on my site to learn more about this program:
http://loansdonequickly.com/no-down-payment-on-this-loan/
I hope you have a good day today! Thanks for reading!
Brett
I wanted to let you know that I can now do USDA loans down to a 580 credit score!
Remember USDA is a 100% financing loan!
...You can go to this link on my site to learn more about this program:
http://loansdonequickly.com/no-down-payment-on-this-loan/
I hope you have a good day today! Thanks for reading!
Brett
Tuesday, November 22, 2011
Options For Paying Your Property Taxes...
Good Morning!
This time of year property taxes are due on your property.
There are two issues I see every year with regard to property taxes. ...Issues that put people in tough spots.
1) Some people just don't have the money saved up to pay their property taxes. ...They might have had the money, but had to use it on an emergency. ...or any number of other things.
2) Some people that have an escrow account on their mortgage - but their mortgage company didn't collect properly. This often results in an arrearage... Which means your payments go way up until the escrow is caught up.
If you are in either one of these situations - there's usually an easy fix for it. ...Refinancing.
We can often refinance someone in either one of these situations, and we pay the property taxes through the new refinance loan.. ...Not only that, but usually at a lower rate and payment than they have now.
Please let me know if you have more questions about how this refinance works.
I hope you have a good day today. Thanks for reading!
Brett
This time of year property taxes are due on your property.
There are two issues I see every year with regard to property taxes. ...Issues that put people in tough spots.
1) Some people just don't have the money saved up to pay their property taxes. ...They might have had the money, but had to use it on an emergency. ...or any number of other things.
2) Some people that have an escrow account on their mortgage - but their mortgage company didn't collect properly. This often results in an arrearage... Which means your payments go way up until the escrow is caught up.
If you are in either one of these situations - there's usually an easy fix for it. ...Refinancing.
We can often refinance someone in either one of these situations, and we pay the property taxes through the new refinance loan.. ...Not only that, but usually at a lower rate and payment than they have now.
Please let me know if you have more questions about how this refinance works.
I hope you have a good day today. Thanks for reading!
Brett
Wednesday, November 16, 2011
How To Add A Pool When You Buy A House...
Good Morning!
What if you find your ideal house - but it's missing one key element that you really wanted? ...A pool!
Many people are unaware of this, but it's possible to buy the house and finance the cost of building the pool right into the house purchase!
...it's done on a purchase with an escrow hold back for the pool.
Here are some basic guidelines for the pool escrow holdback...
1) It would have to be a conforming loan - so at least 5% down payment on a purchase.
2) Your contractor will have 90 days to complete the pool after your purchase.
3) There can be up to 3 draws (checks) for the contractor - with the last one coming after the final inspection.
4) The value of the pool is used in the loan to value calculation.
5) The amount of the escrow hold back will be equal to 150% of the amount quoted by the contractor.
6) Primary residence only.
7) Maximum amount of escrow is $20,000 or 10% of property value for LTV's of 90% to 95%.
8) Maximum amount of escrow is $20,000 or 15% of property value for LTV's less than 90%.
Keep this in mind the next time you are house hunting - if you have your heart set on a pool.
I hope you have a great day! Thanks for reading!
Brett
What if you find your ideal house - but it's missing one key element that you really wanted? ...A pool!
Many people are unaware of this, but it's possible to buy the house and finance the cost of building the pool right into the house purchase!
...it's done on a purchase with an escrow hold back for the pool.
Here are some basic guidelines for the pool escrow holdback...
1) It would have to be a conforming loan - so at least 5% down payment on a purchase.
2) Your contractor will have 90 days to complete the pool after your purchase.
3) There can be up to 3 draws (checks) for the contractor - with the last one coming after the final inspection.
4) The value of the pool is used in the loan to value calculation.
5) The amount of the escrow hold back will be equal to 150% of the amount quoted by the contractor.
6) Primary residence only.
7) Maximum amount of escrow is $20,000 or 10% of property value for LTV's of 90% to 95%.
8) Maximum amount of escrow is $20,000 or 15% of property value for LTV's less than 90%.
Keep this in mind the next time you are house hunting - if you have your heart set on a pool.
I hope you have a great day! Thanks for reading!
Brett
Wednesday, November 9, 2011
Announcing: Money Available For Down Payment On Home Purchases!...
Good Morning!
I sent an update about this program a couple of months ago, but I wanted to touch on it again here.
It's a simple way to achieve 100% financing...
ATTENTION: I currently have access to a new government sponsored program that will provide you with down payment money to buy a house!
The funds in this program are limited, and it's on a first come first serve basis - so take advantage of this program while it's available.
To learn more about this program, and see if you meet the qualifications for it click this link...
http://loansdonequickly.com/purchase-a-home/money-for-down-payment/
Thanks for reading! ...and, have a great day!
Brett
I sent an update about this program a couple of months ago, but I wanted to touch on it again here.
It's a simple way to achieve 100% financing...
ATTENTION: I currently have access to a new government sponsored program that will provide you with down payment money to buy a house!
The funds in this program are limited, and it's on a first come first serve basis - so take advantage of this program while it's available.
To learn more about this program, and see if you meet the qualifications for it click this link...
http://loansdonequickly.com/purchase-a-home/money-for-down-payment/
Thanks for reading! ...and, have a great day!
Brett
Monday, November 7, 2011
How To Get A Mortgage When You Owe The IRS Back Taxes...
Good Morning!
Many people don't think it's possible to get a mortgage if you owe the IRS back taxes.
I'm happy to tell you that it is possible, and this is how you do it...
1) If you owe the IRS back taxes you have to take the initiative and make a payment plan with the IRS right away.
Generally, if you make a payment plan right away with them they won't file a lien against you.
If you wait and do nothing with your balance owed to the IRS - then the IRS will place a tax lien against you and at this point you won't be able to get a mortgage.
Once a public record lien shows up on your credit - you will have to pay off the entire amount and settle the lien before you can get a mortgage.
2) If you have a history of making payments on your IRS back taxes for 12 months without any late payments then you can get a mortgage with me (assuming you qualify otherwise).
My underwriter will treat this payment as he/she would with any other installment loan.
If you are in this situation - give me a call and I can most likely help you out!
I hope you have a great day! Thanks for reading!
Brett
Many people don't think it's possible to get a mortgage if you owe the IRS back taxes.
I'm happy to tell you that it is possible, and this is how you do it...
1) If you owe the IRS back taxes you have to take the initiative and make a payment plan with the IRS right away.
Generally, if you make a payment plan right away with them they won't file a lien against you.
If you wait and do nothing with your balance owed to the IRS - then the IRS will place a tax lien against you and at this point you won't be able to get a mortgage.
Once a public record lien shows up on your credit - you will have to pay off the entire amount and settle the lien before you can get a mortgage.
2) If you have a history of making payments on your IRS back taxes for 12 months without any late payments then you can get a mortgage with me (assuming you qualify otherwise).
My underwriter will treat this payment as he/she would with any other installment loan.
If you are in this situation - give me a call and I can most likely help you out!
I hope you have a great day! Thanks for reading!
Brett
Thursday, November 3, 2011
Announcing: No Minimum Credit Score To Refinance This FHA Loan...
Good Morning!
Did you know that I have no minimum credit score requirement for an FHA streamlined refinance mortgage?
...It's true!
Most of the industry requires either a 640 or 620 minimum score for an FHA streamlined refinance.
So, if you have a lower credit score and want to refinance your FHA loan - let me know! I can probably help you.
I hope you have a great day! Thanks for reading!
Brett
Did you know that I have no minimum credit score requirement for an FHA streamlined refinance mortgage?
...It's true!
Most of the industry requires either a 640 or 620 minimum score for an FHA streamlined refinance.
So, if you have a lower credit score and want to refinance your FHA loan - let me know! I can probably help you.
I hope you have a great day! Thanks for reading!
Brett
Subscribe to:
Posts (Atom)