Good Morning!
I just wanted to remind you that the current tax credit for First Time Home Buyers, and Move Up Buyers ends on April 30th, 2010.
The tax credit applies to sales occurring on or before April 30th, 2010. In cases where a binding sales contract is signed by April 30th, 2010, a home purchase completed by June 30, 2010 will qualify.
So, if you are eligible for this tax credit - and you want to take advantage of it just contact me to get prequalified to buy.
I hope you have a good day today. Thanks for reading!
Brett
Monday, February 15, 2010
Tuesday, February 9, 2010
More Favorable Financing For Real Estate Investors...
Good Morning,
If you are interested in buying real estate as an investment I have good news for you...
The mortgage industry is starting to make your life a little easier. Up until recently you needed to put 20% down on investment property, however Fannie Mae is changing this.
Fannie Mae foreclosures that are listed as qualifying for the Homepath program have more favorable financing for investors.
The benefits to investors are...
1) Up to 90% LTV financing.
2) 660 FICO score minimum.
3) No MI.
4) No appraisal.
5) Up to 2% sellers concession from Fannie Mae.
6) 75% LTV with a 620 FICO score for over 4 financed properties.
7) Up to 10 financed properties total.
Just ask your realtor to do a search for Homepath properties. ...then call or email me, and I will get you the loan.
I hope you have a good day today. Thanks for reading!
Brett
If you are interested in buying real estate as an investment I have good news for you...
The mortgage industry is starting to make your life a little easier. Up until recently you needed to put 20% down on investment property, however Fannie Mae is changing this.
Fannie Mae foreclosures that are listed as qualifying for the Homepath program have more favorable financing for investors.
The benefits to investors are...
1) Up to 90% LTV financing.
2) 660 FICO score minimum.
3) No MI.
4) No appraisal.
5) Up to 2% sellers concession from Fannie Mae.
6) 75% LTV with a 620 FICO score for over 4 financed properties.
7) Up to 10 financed properties total.
Just ask your realtor to do a search for Homepath properties. ...then call or email me, and I will get you the loan.
I hope you have a good day today. Thanks for reading!
Brett
Monday, February 8, 2010
Here's Another Credit Tip For You...
Good Morning!
Here's a credit tip for you...
If you have a tradeline on your credit report that you have disputed - and it's listed on your credit report that the "customer is disputing this account" - this can actually work against you when it comes to underwriting your mortgage.
The reason is that the dispute will downgrade your file to a manual underwrite. ...Even if we have an automated approval on you - it will still down grade your file to a manual underwrite.
...This instruction comes directly from HUD.
Manual underwriting isn't as kind to your file as automated underwriting. So keep this in mind when leave an account in a "disputed" status.
I hope you have a good day today. Thanks for reading!
Brett
Here's a credit tip for you...
If you have a tradeline on your credit report that you have disputed - and it's listed on your credit report that the "customer is disputing this account" - this can actually work against you when it comes to underwriting your mortgage.
The reason is that the dispute will downgrade your file to a manual underwrite. ...Even if we have an automated approval on you - it will still down grade your file to a manual underwrite.
...This instruction comes directly from HUD.
Manual underwriting isn't as kind to your file as automated underwriting. So keep this in mind when leave an account in a "disputed" status.
I hope you have a good day today. Thanks for reading!
Brett
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