Wednesday, February 26, 2014

Here’s A New Report I Wrote For You…

brett1 209x300 Heres A New Report I Wrote For You...I hope your having a good day so far!
I finished writing a Special Report for Realtors this morning.
It’s titled:
How Realtors Can Sleep 
Better At Night,
Have Less Stress, 
And Have More Cash
In The Bank.
Five Things Your Loan Officer Must Absolutely Be Doing Right!
Even though I wrote it to help realtors this report really applies to anyone that is considering getting a mortgage.
I encourage you to read it, and send it to others that may be needing to get a mortgage.
Use it in good health!
That’s it for today!
Have a good day! …and thanks for reading.
Brett
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Monday, February 24, 2014

USDA Down To 580 Now…

brett1 209x300 USDA Down To 580 Now...Two quick loan tips…
1) Did you know we can do USDA loans down to a 580 credit score now? …We can!
However, you should be aware that the underwriter will want pretty clean credit over the last 12 months. …No new derogatory activity in the last 12 months. 
…and, remember you can do up to 6% seller concessions are allowed on USDA loans!
2) If you are purchasing Investment property in Texas – we finance up to 85% of the purchase price. …You only have to put down 15%!
This program would go up to 417k loan limit in Texas. You would also need a 720 credit score. Max debt to income ratio on this program is 45%, and you will need 6 months reserves.
That’s it for today!
Have a good day! …and thanks for reading.
Brett
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Wednesday, February 19, 2014

USDA News And A Mortgage Tip…

brett1 209x300 USDA News And A Mortgage Tip...Couple of things…
1) USDA has increased their income limits recently. If you would like to see if your family income is under the USDA threshold for your area you can either contact my office and we’ll run it for you.
…or, you can run it yourself here. 
2) Loan Tip: Many people are unaware of this, but NSF charges on your bank statement can derail your loan.
NSF charges are a potential deal killer for the underwriter.
If you have insufficient funds charges in your bank statement it signals to the underwriter that you are having a hard time managing your money.
One possible solution is to ask your lender (hopefully me!) to replace your statements with a verification of deposit.
That’s it for today!
Have a good day! …and thanks for reading.
Brett
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