#WeekendCalltoAction – Delayed financing exception needed for cash out to do improvements on a new home!? – Well if your client bought a home CASH in the last 6 months and wants to pull cash out – now’s the time! My advice is to call all the title reps and agents you’ve had the pleasure to deal with in the last 60 days on purchases. See if they can give you a warm referral to a cash buyer you didn’t know about. (They didn’t need a loan then)
What I know, is when people move into a new house to them, they always want to do something. Change the bathroom, paint the walls, add a shed etc. If you do a polite “quality assurance” call to follow up on behalf of the RE Agent, and just ask if they are in need to obtain some equity now, it could be your win! Of course talk up the RE Agent or Title rep that referred you and ask for reviews for them. It’s a great way to add value to your partners and source new business at the same time. I go over the guidelines below:
The delayed financing exception can be done very often on both Fannie Mae’s side and the Non-Agency side of things. So reach out we have 9 different options under the Non-Agency umbrella that could help too! #LetsDoBusiness – Get on Point with #BluePoint – CLICK HERE!
#WhackedOutWonderfulWednesday – Happy 1st of the month! – I personally ♥ long processing months. Means more chance to close loans. As we all (*anyone in the mtg industry) gets ready to turn in your goals for the month – #WonderfulWednesday – I wanted to continue on the weeks theme of Non-Agency loans and add some additional wisdom on “doc types”. The #WhackedOutWednesday part is the bank statement loans. And what seems to be the loan that falls out the most. However, doesn’t need to be. It’s all about how the 1003 is put together, and I go over just that on today’s episode as I describe the different types of file doc types Non-Agency/Non-Qm loans have.
Bonus, since I didn’t make a decision in advance, I combined the wonderful and the whacked out part together. 🙂 Happy hunting in a long month! I’m here to help you #GetOnPoint with #BluePoint! #LetsDoBusiness ↓
Hope you enjoyed the #LunchNLearn today! Here’s the link to subscribe to rates daily. – Daily Rates –
I’m in the office to help you structure these loans. Happy 1st of the month! Who needs a Non-Agency same month closing?
#TwoforTuesday – Non-Agency tid bits all week. Today’s is full of two great guidelines to know. You do have products to make things work out for your more credit worthy clients. Sometimes, “stuff happens” and there’s events that make your clients wait under traditional mortgages.
Bankruptcy, foreclosure, short sale, deed in lieu all are trigger events in most cases. We have over 9 different options that can offer your clients options! ↓
♥ Today, text Juiceman to 33655 and check out options you can have yourself. I’m in the office wrapping up the month, and making impact to pipelines, why not yours!?
#MondaysMotivation – Non-Agency tid bits of guidelines this week. Non-Agency has a better ring to it than Non-Qm, and some may have a negative cogitation to the word. However, more than 50% of all Non-Agency loans are in fact full doc. While we boost bank statement loans, and you see investor options coming out, the important thing to remember is great options for your borrowers.
Weather self employed, or just had some event happen in the past that shouldn’t prevent a qualified borrower otherwise to have to wait 2, 3, 4 or even 7 years to buy a home. Non Agency guidelines help make dreams come true. Get on point with BluePoint here – CLICK HERE! We have 9 different non-agency options that you can add to your product mix!
Great guidelines to know, and a way to “make the loan happen” when reserves or a gift is needed. There are plenty of good loans in the non-agency arena and these are just some tid bits (Guidelines) I’ll go over this week to help them shine.
#TwoforTuesday – Non-QM loans are fantastic. And pricing is ON POINT! But what LO’s need to remember is as you structure these bank statement loans, you get the lessor of the two! The lessor of the 1003 input value or the bank statement calculation once the underwriter is done analyzing them!
I give a great example in today’s video on how to avoid the pitfalls of this. Make sure you do your own due diligence to the bank statements before you hand them in. The 1003’s value of what income you use is set in stone at submission. And never can go up, only down. You get to use the “lessor of the two” when it comes to Non-QM. #KnowThis
Non-Qm is definitely here to stay, and has a great function to lending now days. If you’re not doing at least one of these per month, you’re missing out on opportunity. Did you meet NIVA, NINA’s smarter sister? 🙂 These investor loans are fantastic and the opportunity to help investors expand their portfolio is fantastic. With full doc, shorter times for waiting periods, investor loans, bank statement loans and more, NON-QM is a great product to start utilizing if you’re not. It’s a great way to create options for your borrowers! Get on POINT HERE!
#MondayMotivation – Get JUICY with Non-QM – Join Us In Creating Yes’s from investors that want an easy loan to expand their portfolio of homes this summer. An easy 10 day close, with Title, Appraisal and verified funds! There’s no debt ratio on this loan, yep, NO INCOME. And NO RESERVES needed, and you can close in a LLC, and can have 100+ homes financed. No problem. This loan is golden for investors doing it right and want to expand their list of investment homes or want to take cash out of one to do improvements.
Today I go over a few updates that are FRESH OFF THE PRESS, to this program as a whole. We updated the full matrix of guidelines for our Non-QM loan. Check it out below ↓
This week I am on the hunt for more Mortgage Broker’s that could use our products in their lender list! If you don’t have this NINR in your lender arsenal, let’s chat, I’m expanding to help as many as I can!
#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!
#ThursdaysThoughts – Each lender has their product mix for an angle to help you mortgage brokers. My non-qm product is advantageous for INVESTOR loans BIG TIME! Today I highlight some advantages on this program.
When filling your brokerage with a lending roster to help you close all types of deals you want to evaluate who does what in regards to the BRAWL movement. Yesterday was a big webinar on the “score cards” for this. A great webinar given by a fellow colleague and head of the movement, Anthony Casa. Great guy, and did a really good job breaking down what Broker’s should be looking for in regards to lenders.
Well guess what, I’m one of the “Good Guys” and on this list. No I don’t flaunt and advertise my home base brand too often, but this is where the mortgage JUICEman started. And I’m glad to be back at a lender that cares about the vary businesses I help grow, Broker’s. To me, one of the biggest things that has made me successful is offering tools for the teams that I help. If your a mortgage Broker and you want a lender that will help you retain your clients, and advocate for your business. Hit me up, we are a great addition to the finance team you have on your lender roster.
Check out the video today, I go over a ton of cool guidelines quickly and can help you know the in’s on the program. To view the full product mix today, click here!
If your interested in having the mortgage JUICEman help you and your team close more loans with great rates, fantastic service and the ability to help you generate more loans click here! – I’ll call you next!
Funny I made this video over a year ago, and still applies today for sure. The Mortgage JUICE is flowing all day, let’s connect as I have options that can help you close more loans. My passion, excitement and purpose is to help others daily, why not have additional options to close more loans…Persistence and Taxes the two things we have to have done.
We all do, as all change should be viewed as good, and should be embraced. I have some great news for my business partners, and anyone originating mortgage loans. I have partnered with a new wholesale lender that offers a WAVE of new products on the NON QM market side, and provide all the agency loans your used too with NO OVERLAYS!!.
Manual underwriting and manufactured properties available on all products. Even a 1st/2nd combo (Double WAVE) loan that goes up to 1,125,000. NO DOC investor loans are back, up to 75% LTV. 1 Year self employed program, and 12-24 month BANK STATEMENT programs are available. A 70% LTV Foreign National program, and a program that requires NO SEASONING on BK’s/Foreclosures and Short Sales. WOW! And the list goes on…
85% LTV with a 560 FICO up to 2 Million. Yep your reading this right. THE LOAN WORLD IS ABOUT TO GET JUICY! A program that allows for 60% LTV on loan amounts greater than 1 Million with a 500 FICO! Did I mention 80% LTV on a non owner occupied home with 12 month Bank Statements? Up to 2 Million. There is even a program up to 90% LTV on a bank statement program available.
In all my missions I have in life I carry the passion and excitement to help others. This specifically helps me partner with Broker’s and relationships I’ve had for over a decade in this industry. The Mortgage Juice is flowing, come Join Us In Creating Excitement. Accepting resumes for sales candidates and Broker packages now!!
I can’t wait to help you close more loans. Happy Originations – The Juiceman