Wednesday, February 24, 2016

Fannie Mae Home Path…

I wanted you to remind you of what a great program Fannie Mae’s HomePath is. This is a program Fannie Mae has created for Fannie Mae owned property.
It allows a low down payment and flexible mortgage terms.
Here are some of the great features of this loan…
1) Only 3% down payment. …and, this down payment can be a gift, or even a loan from your employer!
2) No lender requested appraisal!
3) No mortgage insurance! …This is a biggie.
4) Generous seller contributions for closing costs.
Have your Realtor do a search for Home Path homes in your area. They are usually competitively priced, and you can’t beat the loan terms!
I hope you have a great day! Thanks for reading!
Brett
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Monday, February 22, 2016

A Nice Note From A Borrower…

A while back I posted problem / solution point about how you should make your mortgage company has more than one underwriting option.
At that time I had a borrower contact me that had seen the post, and was having trouble with his then current mortgage company.
I ended up helping this borrower out, and after his loan closed he sent me a very nice note.
I don’t toot my own horn very much, but I did want to share his note with you, because I think it serves a good lesson: If you are having trouble with your current mortgage company – call Brett!
Here is his message…
    “But actually the THANKS go to you and your staff.
    You were able to get my ReFi done while others could not (even with some additional complications).
    I went through several others, including an associate of mine. All could not get my refi completed.
    I am very glad I clicked on your marketing email that advised – If you are having problems, then your broker is not working hard enough.
    That was exactly the case.
    Thank You very much!!!”
Have a good day today! …and thanks for reading.
Brett
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Wednesday, February 17, 2016

Way Around Stubborn 2nd Lien Holder…

small-brett-pic1Problem – Solution…
Are you unable to refinance your first mortgage because your second lien holder refuses to subordinate their lien position?
…if so, I have a solution for you.
I can refinance your first mortgage, and I don’t need a resubordination agreement signed by the second lien holder.
Be aware that you don’t need their permission to refinance your first mortgage!
If you are in this situation – shoot me an email or give me a call. I might be able to help you!
Have a good day today! …and thanks for reading.
Brett
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