Tag Archives: Mortgage guidelines

Thursday’s Thoughts – Short Sale, Foreclosure & Bankruptcy Guidelines

#ThursdaysThoughts – Make a plan and take massive action on it.  #Successwillfollow

Today I go over the guidelines for seasoning and waiting on BK’s, Foreclosures and SS!  Know these waiting periods and what questions to ask your clients, it could save a headache later!

*Sponsor #oftheweek is the virtual business card, if your in sales, you should have a CARD TAPP APP! #Checkitout #SellWell

Solving Problems is my forte’!  Are you a bank that has overlays to prevent risk?  Good thing to do actually, however, as a non-delegated specialist my bank can help yours!  We can open up products you may not have currently for your sales force, all while mitigating risk on your FHA neighborhood watch percentage.  A great option to outsource underwriting on certain FHA loans. (manuals or below a certain FICO band)

Are you an LO and business is slow?  Maybe your a Broker and do not have the support you wish you had on your files from your lenders.  We can be the newest edition to your lender arsenal! I ♥ Wholesale Brokers!  And I help others grow their business!  Fill in below and let’s connect if you have any of these problems!

*Also available for any “I gotta guy” questions, hit me up in the office! #SellWell

Whacked OUT Wednesday! – 6 Month Rule

Two instances where the FHA casenumber must be pulled after 6 months.  Great guidelines to know.  – Whacked Out Deal Killers if you don’t know’em.  #DeadLoans #Knowthisrule

 

Two for Tuesday – New owner cash out guidelines! *Fannie Mae’s new cash out loan too!!

Well how long does someone need to own the property to take cash out?  FHA and Conventional guides are a little different.  Plus, Fannie Mae came out with a new cash out loan, well it’s more like a rate and term, but great option for you to advertise.  #Checkitout #SellWell #TwoforTuesday

Thrive’in Thursday – It’s HOT, and Fannie and Freddie are making changes!

#Checkitout – Fannie and Freddie are making changes to help the mortgage industry THRIVE!  Prayers to any and all that are affected by the tropical storm Cindy this summer.  Two new guideline changes announced.  #Thriveon #SellWell

Weekend Call to Action – Delayed Financing

As we swing into high gear for the “purchase season” don’t forget to ask about those homes being bought ALL CASH!  You could still present a viable option to help the new homeowner’s replenish the cash they used to buy the home.  Maybe do home improvements?  #youjusthavetoask