#MondaysMotivation – Mortgage Translation by Fannie Mae is finally here. A decade late and a dollar short, but at least it’s here. Funny thing is you can be taking 1003’s in a wide array of languages with the PerfectLO application. But now Fannie Mae has stepped up and is making a website for Mortgage Translation – They have a spanish version of the 1003 listed now. More to come in the next 24 months.
Some Monday Motivation on getting creative to get loans done, did you know there’s a restriction to how many non-occupant co-borrower FHA loans someone can do? Also Freddie Mac has the 85% LTV CASH OUT loan back. Find out more in today’s episode! ↓
For access to tools to help you get creative check the files tab in Sales Talk with Mortgage Pro’s today! In talking about motivation and getting “creative”, JUMBO loans is where it’s at to do that. Most Non-Agency/Alt-QM loans are just that, a JUMBO loan that goes down to minimum of like 100k or so. Rarely do you see these go less than that. I was taking a peak at some guidelines and noticed we have 95% LTV available up to 1.5 MILLION dollar loan amounts! #GetOnPoint with #BluePointMtg this week. Partnering with more #MortgageBrokers that are looking for a great #NicheLender! CLICK HERE!
As Always –