Good Morning!
Would you like to refinance your house, but you currently owe more than your house is worth?
If so, then I have several programs I can use to get you refinanced - depending on if your current loan is a Fannie Mae loan, Freddie Mac loan, or an FHA loan.
...Some of these programs will refinance up to 125% combined loan to value ratio!
If you are in this situation then I encourage you to give me a call today to see how we can get you out of your current high interest loan.
*************
I have a new limited time "no closing costs" coupon I'm offering - please click this link and enter this special code...
http://loansdonequickly.com/enter-your-private-code-to-get-this-coupon
code = 9934
You can print the coupon off and submit it with your application to get your cash at closing!
I hope you have a great day! Thanks for reading!
Brett
Wednesday, June 8, 2011
Tuesday, June 7, 2011
Have You Thought About Using A Seller Second To Buy Or Sell A House...
Good Morning!
Did you realize that we still allow the seller to take back a second mortgage to facilitate the sale of their home?
We do!
This can come in very handy for getting deals closed, where they otherwise wouldn't be able to.
Here are some of the requirements of the seller seconds...
1) Subordinate liens must be recorded and clearly subordinate to first mortgage lien.
2) Second mortgage must be documented on loan application to correctly show Total Housing Ratio and CLTV.
3) Monthly payments remain constant for each twelve-month period over the term of the loan.
Ineligible Second Mortgages:
1) Mortgages with negative amortization.
2) Subordinate financing with "wraparound" terms that combine the indebtedness of the first and second mortgages.
3) Subordinate financing that does not fully amortize under a level monthly payment plan.
*************
I have a new limited time "no closing costs" coupon I'm offering - please click this link and enter this special code...
Page: http://loansdonequickly.com/?page_id=942
9934
You can print the coupon off and submit it with your application to get your cash at closing!
I hope you have a great day! Thanks for reading!
Brett
Did you realize that we still allow the seller to take back a second mortgage to facilitate the sale of their home?
We do!
This can come in very handy for getting deals closed, where they otherwise wouldn't be able to.
Here are some of the requirements of the seller seconds...
1) Subordinate liens must be recorded and clearly subordinate to first mortgage lien.
2) Second mortgage must be documented on loan application to correctly show Total Housing Ratio and CLTV.
3) Monthly payments remain constant for each twelve-month period over the term of the loan.
Ineligible Second Mortgages:
1) Mortgages with negative amortization.
2) Subordinate financing with "wraparound" terms that combine the indebtedness of the first and second mortgages.
3) Subordinate financing that does not fully amortize under a level monthly payment plan.
*************
I have a new limited time "no closing costs" coupon I'm offering - please click this link and enter this special code...
Page: http://loansdonequickly.com/?page_id=942
9934
You can print the coupon off and submit it with your application to get your cash at closing!
I hope you have a great day! Thanks for reading!
Brett
Wednesday, June 1, 2011
New Mortgage Guidelines Offer A Ray Of Hope...
Good Morning!
Some good news!
...but first a brief editorial comment:
After the mortgage market crash underwriting swung so far to the conservative side that it's helped put a death grip on the economy.
I don't think the feds have figured this out yet, but the real estate market is the engine that drives our economy.
If the feds had just stayed out of the way I think the market would be well on its way back by now.
...Instead they have been passing new mortgage guideline choking legislation. ...One after another, after another.
Finally a small ray of hope...
Got news today that some guidelines are changing. Mainly they have to do with the removal of overlay guidelines.
For instance...
1) Instead of mandatory submission of tax returns with every self employed borrower loan they are now leaving it up to the automated findings to decide if tax returns are needed.
2) They are also leaving the max debt to income ratio up to the automated system now - which is a welcome change. ...if we could only get the MI companies to go along with this.
The guidelines will probably never return to what they were 3.5 years ago - and that's probably a good thing. They do need to come back to at least the middle. ...and, eventually they will.
This is a little step in the right direction.
I hope you have a great day! Thanks for reading!
Brett
Some good news!
...but first a brief editorial comment:
After the mortgage market crash underwriting swung so far to the conservative side that it's helped put a death grip on the economy.
I don't think the feds have figured this out yet, but the real estate market is the engine that drives our economy.
If the feds had just stayed out of the way I think the market would be well on its way back by now.
...Instead they have been passing new mortgage guideline choking legislation. ...One after another, after another.
Finally a small ray of hope...
Got news today that some guidelines are changing. Mainly they have to do with the removal of overlay guidelines.
For instance...
1) Instead of mandatory submission of tax returns with every self employed borrower loan they are now leaving it up to the automated findings to decide if tax returns are needed.
2) They are also leaving the max debt to income ratio up to the automated system now - which is a welcome change. ...if we could only get the MI companies to go along with this.
The guidelines will probably never return to what they were 3.5 years ago - and that's probably a good thing. They do need to come back to at least the middle. ...and, eventually they will.
This is a little step in the right direction.
I hope you have a great day! Thanks for reading!
Brett
Subscribe to:
Posts (Atom)