Here is a new product we just got in...
Purchase owner occupied, or second home.
No income necessary.
No employment needs to be listed on the application.
No debt to income calculation
Loan amounts up to 2 million.
Credit down to 660.
Up to 80% LTV, or 20% down on this product.
If you know anyone needing to buy a house, but they can't provide employment or income this is a great vehicle. 20% down, and you can buy a house.
That's it for today.
Thanks for reading!
Brett
Did you know we have a VOE (Verification of Employment) only program that is considered full doc?
This program is for borrowers that work for a company and get a W-2.
You don’t need paystubs, or w-2’s, or tax returns. The VOE is the only thing we need to establish income.
…we just send a one page form to your employer. They fill it out and that’s all the documentation we need for your job / income.
I wanted to let you know.
That’s it for today!
Stay safe!
Brett
Part of the fun of being in the mortgage business is that we get to help people.
Buying or refinancing houses, we help people, and we create relationships with our clients along the way that we cherish.
Many of them use us again and again.
Here is what just some of our clients have to say about us…
C. Martin
Brett Was Able To Get This Title Officer To Travel All The Way To Waco From Plano So That I Could Close. I Would Highly Recommend Working With Brett Sampson And Would Do It Again!
M. Hancock
Thanks For All Your Help! I Really Appreciated You And Leslie’s Patience And Help Thru The Process.
G. Montoya
I Appreciate It Also Brett, Thank You Very Much !!! Thanks Again.
G. Sanchez
Thank You For Everything That You And Rosi Did For This To Happen. Thanks.
H. King
Thank You For All The Help And Be Sure That I Will Use You In The Future And Recommend You Up Anyone That Can Use You.
H. Soto
It Was Great Working With You. I Appreciate Everything You Did To Help Make This A Success.
J. Burnside
Joey And I Will Both Highly Recommend You To Anyone We Know Who Is Looking To Buy A Home! I Also Know That Nancy Was Very Pleased With Your Service So I Wouldn’t Be Surprised If You Get Some Referrals From Her As Well
M. Lampe
Special Thanks To Your Staff Who Really Put In The Extra Hours To Get This Done In A Short Time Frame.
I Have Already Recommended You To Several Friends Who Were Helping During The Move.
B. Pitts
Thank You For You’re Help Getting This Done And Doing A Good Job For Us.
M. Southern
I Want To Thank You For All Your Help With The Refinance. You Really Work Hard With Me To Make Sure This Refinance Got Done. Thank You So Much Again! I Will Send Referrals Your Way!
B. Scherry
Thank You! Everything Went Smooth At Closing. I Will Recommend You To Others. Have A Great Weekend.
T. Trung
Thank You For Your Time And Effort. We Are Very Pleased. Have A Happy Holiday.
J. Grass
Brett, Thank You For Making Our Dreams Come True!
K. Savay
Thank You So Much For Your Help In Getting Our Loan Approved. You Really Went The Extra Mile And Tom And I Appreciate It So Much.
L. Glen
We Truly Appreciate The Professionalism With Which You Managed Our Loan Process. Your Calm Demeanor In Crunch Times Was Unusual And Refreshing.
Thank You Again. If We Ever Have The Opportunity To Suggest Your Service To Someone, We Most Certainly Will.
That’s it for today!
If you or someone you know needs to buy or refinance a home, please send them our way. We would love to help you out.
Thanks for reading!
Brett
Get Pre Approved For A Loan Here
My Previous Blog
I had this situation come up again recently…
Advice: If you enter into a lease option agreement don’t give cash for the option money.
The reason is when you try to buy the house down the road you will have to prove you gave the option money to get credit for it. …it’s hard to prove cash.
You can do a personal check, cashiers check, or money order. …but, don’t give cash.
That’s it for today!
One of the most important things you will have to do when you apply for a loan is to show that you have the money for the down payment.
You can have this money in your checking account or savings account now. You can borrow it from your retirement account. …You can even get the down payment as a gift.
…but, it’s crucial that we are able to show where it’s coming from.
I can tell you that cash is a problem when it comes to sourcing your down payment. You will need to put it in the bank and leave it for 60 days before we can use it.
If you aren’t sure where your down payment is coming from – find out now. …before you apply for a loan.
That’s it for today!
Have a good day today! …and thanks for reading.
If you have recently been out of work, and now you are working again – here’s what you need to know to buy a house…
I wanted to go over the FHA guidelines with you on a borrower returning to work in case you or someone you know is in this situation.
There are just a few main guidelines that FHA likes to see for the borrower in this situation to be eligible for financing…
1) Current employment of at least six months.
2) Documentation of two years of employment prior to the absence. Acceptable documentation includes w-2’s, paystubs, or a written verification of employment.
3) Acceptable scenarios include an individual who took several years off to raise children, but has now returned to work.
If you know someone in this situation and they want to purchase a home, have them give us a call and we’ll try to help!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
If you have recently been out of work, and now you are working again – here’s what you need to know to buy a house…
I wanted to go over the FHA guidelines with you on a borrower returning to work in case you or someone you know is in this situation.
There are just a few main guidelines that FHA likes to see for the borrower in this situation to be eligible for financing…
1) Current employment of at least six months.
2) Documentation of two years of employment prior to the absence. Acceptable documentation includes w-2’s, paystubs, or a written verification of employment.
3) Acceptable scenarios include an individual who took several years off to raise children, but has now returned to work.
If you know someone in this situation and they want to purchase a home, have them give us a call and we’ll try to help!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
If you purchased a home using your own cash, and now would like to pull your cash back out – we can do that.
This type of loan is called ‘delayed financing’. …and, you can get your cash back out of the house.
In fact, we do these types of cash out loans up to three million dollars. Many companies won’t lend cash out over 500k, but we do!
…so, if you are in need of a loan like this – shoot us an email or give us a call. We can help!
That’s it for today!
Thanks for reading!
Brett
Many loan officers don’t know this loan exists.
If you are getting a divorce, and you have to pay your spouse their share of the equity, don’t use a traditional Texas Home Equity loan to do it.
Use an Owelty loan to get the cash out of your home instead.
The advantage of using an Owelty Loan over a Texas Home Equity loan is that we treat them as a regular rate and term refinance (not cash out rates – which are higher).
You can also get above 80% of the value of your home with an Owelty Loan, and you can’t go above 80% with a Texas Home Equity loan.
So, if you are in this situation, or you know someone who is – and your loan officer has told you that you don’t have enough equity to cash out the ex-spouse, just tell them that you need an Owelty loan.
…or, better yet – just give us a call and we can help you!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
Many loan officers don’t know this loan exists.
If you are getting a divorce, and you have to pay your spouse their share of the equity, don’t use a traditional Texas Home Equity loan to do it.
Use an Owelty loan to get the cash out of your home instead.
The advantage of using an Owelty Loan over a Texas Home Equity loan is that we treat them as a regular rate and term refinance (not cash out rates – which are higher).
You can also get above 80% of the value of your home with an Owelty Loan, and you can’t go above 80% with a Texas Home Equity loan.
So, if you are in this situation, or you know someone who is – and your loan officer has told you that you don’t have enough equity to cash out the ex-spouse, just tell them that you need an Owelty loan.
…or, better yet – just give us a call and we can help you!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
