Tag Archives: FHA

Thursdays Thoughts – The Offer!

#ThursdaysThoughts – The Offer! – While I do short links and promote my Wholesale Lender under the video’s the main content I have is not always “selling me” and what I do.  I try purposely to put out there a ton of value for all in the #MortgageIndustry first and foremost.  I post guidelines, motivation, selling tips, tricks and lead gen suggestions all the time.  Today, I promote the offer!

@BluePointMtg we are a true mortgage broker partner.  We are BRAWL friendly and provide a ton of options for the independent Mortgage Broker to grow their product mix.  We are value centered around communication, easy of use, and speed and service.  But not just on the average everyday John Smith client for a mortgage.  We specialize in #Niches for mortgage Brokers.  From offering options like Bank Statement loans, W2 only, Alternative documentation, investor loans, options for as low as 500 FICO or where others have overlays.  (550 FICO on FHA/VA) – We look to truly partner with our Mortgage Broker partners across the US.  From Niche offerings like Reverse loans or 5 million dollar JUMBO, to non-warrant-able condos.   Options for Lender Paid or Consumer Paid transactions, to flexible adjustments on a Lender Paid Compensation agreement, to the ability to use over 25 AMC’s.  Our mission is to help our Mortgage Broker partners close more loans.  If you’re a Mortgage Broker and want to add Niche products to your lending arsenal let’s chat, CLICK HERE! 

We are a direct lender ourselves, and offer the control, and communication that our partners are looking for.  We underwrite 99% of our products in house, and do not have to send out to other investors for second sign off.  If We issue an approval it’s the #RealDeal.  We also offer #TBD underwrite opportunity to our active partners that need us.  And the benefits of working with BluePoint Mortgage don’t stop there.  We even have tools to help our Broker’s continue to source new business with our product offerings.

We would ♥ to partner with you!  As we are growing in times where others are shrinking, I am blessed to offer as much help to those We partner with.  Get on Point with BLUEPOINT today! CLICK HERE!

**In Closing today – We are growing, and we are seeking talent and those that see opportunity with a growing wholesale lender to partner and grow a pipeline themselves.  If you know a great seasoned AE (Account Executive) – I just started taking resumes and would like to know from you who you recommend!

As Always – #SellWell

Two for Tuesday – Guidelines and Letting the CAT out of the BAG!

#TwoforTuesday – Guidelines for FHA today, and Letting the CAT out of the BAG! #BIG #Announcement – Plus as an added bonus we have 4 days left of August RUSH!  All purchases gain a .25 incentive (FHA/VA/Conv)!!

We are revolutionizing how LO’s take advantage of #Trends, and this Friday at 10 am EST I will have a webinar on how to grow your business year over year!!  If you’re a LO you want to be on this one.  CLICK HERE to sign up for the webinar!

LETTING THE CAT OUT OF THE BAG! ↓

We will be revolutionizing how loans are done for LO’s in this segment, and I can’t wait to help those that want to take advantage of this trend.  The first thing to do is to get SIGNED UP with BLUEPOINT MORTGAGE —CLICK HERE! I personally can’t wait to help LO’s learn to market, and complete this loan with ease.  As a wholesale lender, We’re dedicated to help Mortgage Broker’s grow their business! #LetsDoBusiness

As Always – #SellWell

 

Two for Tuesday – Guideline Week (FHA)

#TwoforTuesday – I ♥ guidelines and will always use them as a tool to help my clients get to the end goal – close more loans! That’s what they’re there for.  To help us.  Might as well point out one’s I see missed or not understood by the masses right.  It’s my value point for you.  It’s where I can shine to help you structure a deal right to begin with.  Today I go over two FHA guidelines that are commonly asked as questions.  Seasonal income and how to use it.  As well as departing primary income and rental income calculation.

It’s important to align your Brokerage with Lenders that can help you with guidelines and do not have many overlays.  That’s the point, to help you get on POINT.  With BLUEPOINT! CLICK HERE and complete the broker package today! We are a Broker Friendly lender growing all over the nation.  Let’s do business! With strong pricing on FHA/VA and the 9 different non-qm options we are poised to make impact where other lenders may not specialize.  That’s our “niche'”.

Guidelines are apart of our everyday role as AE’s and wholesale Lender reps, we have LO’s and Broker’s asking us questions all day.  We can gain answers straight from the source (Underwriting) and help you structure your loans to actually close.  This is the difference making we make at BluePoint.  Don’t get stuck with loans you can’t close.  Get on point with BluePoint today!

#SellWell

Mondays Motivation – Strong Suits for Business!

#MondaysMotivation – Strong suits for business to start the week! – One of my strongest products I help mortgage broker’s close is FHA!  I ♥ FHA loans! We specialize in 203B, 203H and 203K loans! This week I will highlight some strike zones and niches we specialize in to help our Broker partners.

While I like guidelines, they are always changing.  So feel free to chime in this week with any guideline questions to help you get a loan in the door.  I will be doing more in the next month to help my signed up clients get access to the tools I have to help you double your business.  If you’re a broker, let’s connect and #LetsDoBusiness!

Whacked OUT Wednesday – Large Deposit Guideline Edition $$

#WhackedOutWednesday – Is back and in full effect this am.  WOW, I mean WOW, what goes through the mind of clients that think they can just deposit large sums of money in their bank account as you’re doing a purchase loan anyway? lol  Today, I go over the guidelines on large deposits to clear the air, and help you know what to look out for.  HINT – It has to do with what type of loan your doing! Not all deposits are considered equal.  (large)

Don’t be fooled, while I add a lot of value to my Broker partners, and can help them source business, I AM STILL LOOKING FOR ACTION TAKERS!  I am not at my goal monthly and want to help as many mortgage Broker’s as I can.  Sometimes I think people might think I’m swimming in business and don’t need their loan because I do these videos and add so much value inside the groups and social media.  That is not the case, I need and want to help as many people as I can.  If you don’t have a responsive AE, or someone that can help you actually source business on top of close loans for you, CALL ME! – Let’s make it ring today, 304-901-2798 is my office line.  Reach out don’t be shy, I might be able to help on that “I gotta guy” guideline question, or I can discuss with you marketing strategies to help you double your business.  Either way, #LetsDoBusiness!  – I am growing towards my goal daily, but I’m not stopping until I’m there!

#SellWell – JUICEman

Two for Tuesday – Non Traditional Groups

#TwoforTuesday – Non-Traditional groups are needed to help when someone needs to qualify with non-traditional credit.  There are two groups that you need three things from.  I will detail this today in efforts to help you pre-qual someone whom has “thin” credit.  NEED ALTERNATIVE TRADE LINES? Here’s what you need to know;

There are two groups, and you need at least 1 thing from group number 1.  Group 1 consists of Rental history, a utility company, or telephone service.  Group 2 can consist of a personal loan, insurance payments (car, medical, renters, life), Child care payments, rent to own payments, or school tuition.  This second group also consists of car lease (rental) payments or retail store credit cards, however I don’t know why an auto lease or retail store wouldn’t report that to the bureaus though.  lol

Here’s a break down of guides for you: Happy Selling!

I am helping LO’s left and right learn how to generate business online.  No doubt anyone can do this and dominate in their market.  My suggestion, get going start social selling today! It changes people’s whole outlook on how they use social selling when they start seeing results.  (Facebook is no longer just for Friends and Family)

Get involved implementing the BLUEPRINT today, it will change your pipeline 30-60 days down the road.  Don’t struggle into the new year, get growing today!  Learn how to set up your business fan page to actually get you leads.  Learn the best posts to drive engagement and interaction.  And learn how to set yourself up to gain more referral partners! – This is only 250 dollars – If you are an action taker, I would ♥ to work with you! You will double your business by implementing the BLUEPRINT.

To get started click HERE!  #SellWell

 

Two for Tuesday – Mortgage Insurances

I ♥ GOVIE LOANS, USDA, VA or FHA are a specialty of mine.  I do these loans for my Broker #partners down to 560 FICO!  Today being #TwoforTuesday I wanted to address the up front insurance fees and monthly MI’s for all these programs.  And provide a guide on this that could help you remember them.

#CardTappApp is the Sponsor this week and can custom tailor any app for the sales your in.  The owner was a #MortgagePro that was seeking to gain more exposure! #Checkitout CARD TAPP APP – CLICK HERE

I WAS WRONG!  LOL, I remember that majority of FHA loans are typically over 90% LTV and not a 15 year.  But I am placing the charts for each product below;

FHA FIRST:

FHAMIP3

Here’s where I was wrong, looks like if you have less than 78% LTV on a 15 year FHA loan the MI stays on the loan for 11 years and can fall off.  I guess I forgot that 🙂

FHAMIP4

NEXT IS VA, I ♥ VA loans and it seems my Brokers educate me on this loan more than any.  The guidelines are so awesome for this loan, did you know you can payoff debt with sellers contributions?  Check out the Chart below and identifies based on the “branch of military” what the funding fee is;

VA-Funding-Fee-Chart

And Last but certainly not least the chart for the USDA Guarantee fee;

post-infographic138

#SELLWELL