Archive for February, 2012
Big Changes To FHA Coming April 1st of 2012….
Good Morning! FHA is taking steps to try to bolster it’s capital reserves. …it’s increasing the amount of it’s up front and monthly MIP. FHA’s up front MIP is going from 1% to 1.75%. FHA is also increasing it’s monthly MIP from 1% to 1.1%. These changes are taking place on April 1st of 2012. [...]
Minimum Amount Of Title Seasoning Before You Can Sell On A New Loan…
Good Morning! Many lenders have a rule on the minimum amount of time a seller must hold title to a property before he can sell it to a buyer getting a new loan. This is called “title seasoning”. Some lenders require a minimum of 12 months of title seasoning before a seller can sell their [...]
Short Video: 10 Rules For Being Human…
Good Morning! The How To Remove Disputes From Your Credit email that I sent out earlier this week has been very popular, and contains key tips if you face this problem. …if you missed it - Click here to read it. My gift to you… Take a couple of minutes today and watch this short video… 10 Rules [...]
NEW TRICK TO GETTING DISPUTES REMOVED FROM YOUR CREDIT…">NEW TRICK TO GETTING DISPUTES REMOVED FROM YOUR CREDIT…
Good Morning! ‘ If you have been denied a loan because you disputed an account, and then couldn’t get the dispute removed when you needed to get a mortgage – I have a solution for you… I can now get most of your disputes removed with a simple letter! …Contact me for the EXACT letter [...]
How To Get A Mortgage With A Low Credit Score…
I’m one of the few mortgage lenders in the country that can do loans for people with credit scores under 620! If your score is between 620 and 580 you would be looking at a 3.5% down payment. If your score is between 579 and 500 you would have a 10% down payment – max [...]
How To Get A Mortgage With Under A 620 Credit Score…
I’m one of the few mortgage lenders in the country that can do loans for people with credit scores under 620! If your score is between 620 and 580 you would be looking at a 3.5% down payment. If your score is between 579 and 500 you would have a 10% down payment – max [...]
Not Having Enough Of These Can Kill Your Mortgage…
Good Morning! Have you or someone you know been turned down for a mortgage because they didn’t have enough trade lines? Trade lines are active credit accounts (credit cards or installment loans usually) that show up on your credit report. Solution: As long as you have at least a 620 credit score, and I get [...]
Be Aware Of This When You File Your Taxes…
Good Morning! It’s about to be tax season again. I wanted to make you aware of certain deductions on your tax return that can hurt you when it comes time to get a loan. The deductions you take on Schedule A for “unreimbursed job expenses” will come out of your adjusted gross income as a [...]
How To Close On A House That Needs A Little Work…
Good Morning! I’ve written about this topic before – and I think it deserves mentioning again. You would be amazed how many people (including realtors) that don’t know this is a way to solve this common problem when you buy a house. Problem: You are in the process of buying a house that needs minor [...]