#FantasticFriday – #GuidelineWeek – Guidelines, Guidelines, and more Guidelines all week long. Today I wrap up the week by going over the most commonly asked questions for FHA yet again. I even throw in an extra bonus today with seller concessions max, or maximum third party contributions in Conv, FHA, and VA!
One point I’d like to make is sellers concessions can’t go over 2% in 2 different situations. 1 on investment properties and 2 on FSBO. Know this stuff Ladies and Gents! ↓
I enjoy helping others get their loans done and done right. If you have guideline questions, do me a favor, shoot an email that says scenario – (Or – “I gotta guy”) in the subject line of an email. Include the 1008, 1003, credit report and any DU/LP findings you have. And I’ll take a look at it for you. CLICK HERE to send an email.
#ThursdaysThoughts – #GuidelineWeek – Guideline week in full effect, hope you’ve enjoyed the shows this week. We are going over the most commonly asked questions on guidelines for Conventional and FHA this week. I throw in a few VA guides here and there this week, but this is all centered around the biggest subjects. Today and tomorrow we go over collections, disputes, liens, judgments, and gift guides. ↓
I ♥ “I gotta guy” questions and want to help you anyway I can to help bring loans to life. Questions on guidelines? You can check the guideline matrices on my website here — GUIDELINES
As for me, I’m wrapping up a successful Feb and rolling right on pace for my goals in the first quarter 2019. Are you? If not we should chat.
Happy Month End.
As Always –
#WhackedOUTWednesday – #GuidelineWeek – With the most frequently asked questions about #FHALoans we will have the “whacked out” part all integrated with today’s episode. LOL.. Seriously these are the guidelines you want to know on FHA for time lines. I go over many more in the next two days. But this is the area of 80% of questions monthly. BK’s and Foreclosures and of course student loans, collections and disputes.
I’m talking to more and more to LO’s all the time about what the difference is between Retail and Broker. If you’re a LO and want to know about the #Wholesale side of things feel free to reach out to me. I’m #HereToHelp!
I’m helping rock stars become Brokers, helping LO’s turn into rock star producers, and getting more and more loans done every month. Want to talk about growth together?
Don’t be Whacked OUT and not reach out, send me your Whacked OUT scenarios, I’m in the office helping Whacked OUT loans comes to life! 🙂
Text the word Juiceman to 33655, download the app and you can send me various messages. Via App, text, email heck you can even call me. If you wanted to price a loan out you can use that app too. Go ahead compare your retail rates to my wholesale rates. My products and program matrices are even open portal. Feel free to poke around. All located on the app. Send your #WhackedOUT scenarios thru the app too. Go head, text that word – “Juiceman” to the number 33655.
As Always –
#TwoforTuesday – #GuidelineWeek – This week, I go over some of the most commonly asked questions. Today I review conventional LTV limits, and funny enough I get an email last night asking for the LTV on a REFI for an investment property. The conventional limits, and non-agency limits on LTV /FICO are on matrices openly published and can be accessed WITHOUT a password.
Want to see them? – CLICK HERE! In today’s show I go over Bankruptcy and Foreclosure guidelines for you all on conventional loans. When it comes to “Non-Agency” the guidelines are driven highly by FICO, but comparing the Fannie Mae matrix versus non-qm, you can see a 5% increase in most buckets for LTV. Answering my Broker’s question, 75% LTV refi on Conventional, and with a high enough FICO up to 80% LTV refi on non-agency for investment property Rate and Term transactions. ↓
Ton’s more #JUICE all week long. Tomorrow we’ll visit FHA guides more and I’ll alternate products all week to get the important “most frequently asked questions” out of the way. I ♥ “I gotta guy” questions and can’t wait to help you with your most recent scenario. 🙂
As Always –
#MondaysMotivation – Guideline Week. This week it’s all about guidelines. I ♥ “I gotta guy questions” from my Broker partners and always seek a way to make loans come to life. Weather it’s just answering questions about guidelines, or helping put together structure to work. The heat is on, and it’s warming up fast in many markets. If you don’t feel like your production is coming alive, there may be something we can chat about to get you going — CLICK HERE!
This week is all about the most commonly asked questions, each day I will have a focus on a product, FHA or Conventional. (For the most part) And I will address gifts, collections, wait times, disputes, student loans and more. Today’s just an update from FHA that happened last week. ↓
If you have a FHA loan you’d like to transfer the case number this week, the case number to #GetOnPoint with FHA loans down to 550 FICO is – HUD Lender ID # 25799-00006. NMLS #320004 Equal Housing Lender! 🙂 #LetsDoBusiness – CLICK HERE
As Always –
#ThursdaysThoughts – Some great guidelines this whole week we’ve had. Today’s installment I kept raw, a first take and said umm quite a bit. LOL. I want to encourage everyone I can to break out of their comfort zone and do a video, it doesn’t need to be perfect. This week we had a lot of videos to honor a LO that spread his wings. During this past Tuesday a TON of LO’s did video’s some for the first time. EVER.
The thing is, consistency gets you better at them, today I just winged it. First take and just minimal thought into it. Not my best one for sure, but what I want to reiterate towards others is that YOU can do this too. Create a market presence with video marketing in your area. It’s proven to work, and all my exposure is from organic videos, this blog, and my charismatic persona online. I don’t pay for ads, I don’t pay for anything but like 45 dollars for this domain yearly.
You can do this! NO JOKE! Oh, and the guidelines today are good too 🙂 I do go over EAD cards and what to do if there’s an expired one. Also I highlight an Investor Advantage loan that I have to offer you LO’s and Broker’s out there. Check it out below ↓
All you need to do is stick your neck out there and spread a message you believe in. There’s not really much to all this marketing stuff. Many just are afraid. I want to encourage each of you to try and try again. Do it consistently for 1 week, and you will see yourself evolve. – #SellWell (no link today) 🙂
#TuesdaysTip – Will now be branded forever. Complete with the way “Steve” used to wave at the camera. Today I honor a colleague that left us too soon. Weather suicide or another factor, I don’t know the story, what I do know is this is something real. If you don’t have the best of month in mortgages and or are thinking suicidial please reach out. Do not let it build up inside you. **Suicide Prevention Hotline** 1-800-273-8255 (Talk)
Today I go over guidelines for co-signed debts on both FHA and Conventional. One allows that you can just prove the “other” party is paying the debt, the other needs that, and the “other” person on the original note. #CheckitOut
To those that knew “Steve”, and to Friends and Family, I am sorry for your loss. To those in the mortgage industry, I look to use my interactions with him as a catalyst to help others. Any way I can I partner with people, even Steve, I talked about doing videos with. I can partner with you as a broker or LO, to help you source more business. The blueprint I have made makes impact and does wonders to your exposure and referral partner list. Click here for the Blueprint – #SellWell
#MondaysMotivation – A guideline week! I haven’t had one of these in a minute so I figured to share some fun guidelines and common questions and answers to the “I gotta guy” questions I get. If you have an “I gotta guy” question, hit me up this week, I’d love to hear from you.
Today’s guideline that is unique that I find that Broker’s like, is we can go as high as 50% DTI on a manual underwrite on a VA loan with no compensating factors. My goal is to offer a stellar service as an Account Executive, (Lender Rep) and not only close the loans you send, but do it timely, with great pricing and the ability to help move a file when it counts. Our turn times are 1 day, I can’t stress enough on how fun it is to close loans in 10 days! (or less). It happens all the time, we closed a loan in 10 days with one submitted on the 8th, subtract the 19th (presidents day) and we CTC’d it in 10 days.
Rates are great, turn times are great, and I love love love ♥ marketing. So together if you partner with me, I can teach you and your team tricks and tips to developing effective campaigns to help you source business. Let’s chat, I’m in the office all this week, #LetsDoBusiness!
Guideline week – Gotta love it, if you don’t have an AE whom can answer your scenario questions, help you price out loans, or help you gain more business fill in below! Let’s go business! Click here! #SellWell