If You Pay Rent You Must Do This...

Good Morning! If you are currently renting, and you think you might want to purchase a house in the future you need to make sure of one thing...When you apply for a mortgage (especially fha) they will want you to be able to prove you paid the rent. If you rent from an apartment complex it's a bit easier to do. We can just get them to fill out a verification of rent form. However, if you rent from an individual - you must PROVE you paid the rent. That means we will want to see cancelled rent checks. ...If you pay your rent with cash - DON'T!  Start writing checks for rent! If you pay with money orders then put your paycheck in a bank account, then every month draw out the money for the money order - and keep the money order receipts! ...but the best is to write checks for rent!   Thanks for reading, and have a great day!   Brett To see if you qualify for a mortgage right now - CLICK HERE  and fill out this simple application.   To sign up for my weekly mortgage quick tips - CLICK HERE. To download this report "4 Easy Ways To Get Someone Else To Pay Your Closing Costs!" - CLICK HERE.

HUD Smells The Coffee - Makes Changes To Their Collection Policy...

Good Morning!

HUD is giving us some relief on their recent collection guideline changes.

You might recall the post I made on March 22nd - telling you the new FHA collection guideliens....If your aggregate collections exceeded $1,000then you will have to pay off all of your collections - including medical!

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Someone must have told HUD that the impact of these changes would negatively effect the housing market - particualry in an election year.

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So, they are backing off these changes now - at least until July 1st, at which time they will make a decision on how they want to proceed at that point.

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All in all this is very good news for anyone who has more than $1,000 of total collections or judgement!

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To see if you qualify for a mortgage right now - CLICK HERE  and fill out this simple application.

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To sign up for my weekly mortgage quick tips - CLICK HERE.

To download this report "4 Easy Ways To Get Someone Else To Pay Your Closing Costs!" - CLICK HERE.

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Thanks for reading, and have a great day!

 

Brett

If You Need Work Done On Your House...

Good Morning! If you are needing work done on your home click this link...    http://loansdonequickly.com/call-these-numbers-if-you-need-work-done-on-your-home/   It's a list of phone numbers that go to IHome's web site - a professional contracting company.   To see if you qualify for a mortgage right now - CLICK HERE  and fill out this simple application.   To sign up for my weekly mortgage quick tips - CLICK HERE. To download this report "4 Easy Ways To Get Someone Else To Pay Your Closing Costs!" - CLICK HERE.   Thanks for reading, and have a great day!   Brett