What I Do...

Good Morning!

I probably don't do this enough, but I wanted to take a minute to explain to exactly what I do.

...that is to say what I'm good at. ...what I specialize in.

Yes, I'm in the mortgage industry. I make loans for people to buy and refinance houses.

I can do all the mortgage loans any other bank or mortgage company can do.

I can give you great rates - just like them.

...but, what I'm really good at is getting loans closed that other mortgage companies can't.

Sometimes its low credit scores, or high debt to income ratios. ...sometimes it's no trade lines.

...but, for what ever reason the original mortgage company they went to couldn't get the loan approved.

I can't tell you how many of these type of loans I get closed!

Two out of every five loans I do some other mortgage company turned down!

...So, if you are having trouble getting approved for a mortgage - give me a call or shoot me an email! ...I just might be able to help you out!


Special note: For all of you who are about to take off on your summer trips - please travel safely! 

  

Have a good day today!  ...and thanks for reading.

  

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.

  

  

  

 

Simple Rules For Refinancing A USDA Loan...

Good Morning!

If you have been thinking about refinancing your USDA loan here are some rules we have to follow...

The rules are in your favor!

1) Closing costs and one time upfront USDA guarantee fee may be included in the loan. Origination fees are capped at 1% of the loan amount.

2) No appraisal required.

3) No property inspections.

4) Interest rate must be a minimum of 1.00% lower than current USDA rate.

5) Credit report required for pricing, not eligibility!

6) No ratio requirements.

7) New term of loan must be 30 years.

8) Upfront USDA guarantee fee will be 1.5% and will be rolled into loan.

9) USDA annual fee will be .30%.

10) No cash out is permitted.

If you would like to get some pricing on your USDA refinance loan - just give me a call or shoot me an email!  

Have a good day today!  ...and thanks for reading.

  

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.
  

New Changes From FHA Could Effect You...

Remember a couple of months ago when I told you that FHA changed their guidelines on collection accounts?  …namely that if your aggregate collections exceed $1,000 you had to pay off all your collections? Then FHA decided to put off this change until July 1st 2012. Now they are doing away with this change all together. …This news came out yesterday. It’s good news. This collection policy would have significantly limited the pool of borrowers that would qualify for an FHA loan. It would have hurt the housing market, and the economy. So, FHA is basically reverting back to the guidelines that existed prior to their initial change announcement.  If you have some older collections and want to buy a house – it may well be doable!  Give me a call or shoot me an email and let me take a look at your situation.    Have a good day today!  …and thanks for reading. 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.