Mortgage
To get a home mortgage, you need credit, money and a loan officer. Credit means 3 items: a credit score of 580 for a low down payment mortgage; current or open credit items such as credit cards or loans; no current credit = no mortgage; and, not terrible credit… [Read More]
Becoming a property investor has become easier recently with many lenders now offering easy to get approved mortgages for investors, even first-time investors. To become a property investor you need Credit, money and a loan officer. Credit means A 620 FICO, no more than 1 mortgage late last 12 months, 2 years away from… [Read More]
To get a mortgage, you need credit, money and a loan officer. What does “credit” mean? Credit means 3 things: a credit score, current or open credit items, and not terrible credit the last 1-2 years. Credit Score: you need to have a credit score to get a mortgage. A credit score… [Read More]
If you have average credit, not too much debt, and 2 years of income, you are on your way to qualifying for a mortgage. Here are some key fact: Everybody at one point was a First Time Home Buyer. Before I became a mortgage broker, I closed on 7 homes, and I had no idea… [Read More]
Real Estate Investing: Bank vs. Mortgage Broker – Less $$ needed to close. Banks offer traditional Fannie Mae – Conventional Mortgages with these requirements on investment properties: 2 months of reserves for the primary and 6 months of reserves for each financed investment property. Mortgage Brokers can offer Investment Mortgages with $0 on Reserves. Reserves… [Read More]
Reason #1: Save Money Ana M from Cape Coral wanted to get a preapproval for a $240,000 home. 676 credit score, 1st time home buyer, good income. The PNC bank loan officer took 4 days, came back with a pre-approval at 4.75%, 20% down – $48,000. I took 4 hours, came back with a pre-approval… [Read More]
A mortgage if you are Self-Employed is not hard, provided you plan for it. The credit, property review, and everything else is the same as a wage earner. The difference is how you report income: namely, is it declared on tax returns or not? You need to be self-employed for 2 years. But how your… [Read More]
Becoming a property investor has become easier recently with many lenders now offering easy to get approved mortgages for investors, even first-time investors. To become a property investor you need Credit, money and a loan officer. Credit means A 620 FICO, no more than 1 mortgage late last 12 months, 2 years away from a… [Read More]
Do you need really Realtor to buy a home? No. Should you get a realtor? Yes. Hundreds of thousands of buyers buy without one. But in my experience, the benefits far outweigh not using one. Reasons to hire one: Saves you time; Get information and help with negotiations; and, Many benefits and… [Read More]
More than 1.6 million Veterans and Service members live in Florida, but only about 6 percent of them bought a home using a VA home loan. Eligible Veterans often bypass the program as a viable option for a number of reasons. First, they may not know all the advantages. Second, they may think getting a… [Read More]
