#TwoforTuesday – Manually underwritten or Approved/Eligible! The loans you have are one or the other. Today I want to remind all LO’s some reason’s why loans are manually downgraded. And that options exist.
Bonus reminder, Two 4 Tuesday style, VA loans can be DU Approved/Eligible or LP Accept. Often times LO’s forget to run LP on VA loans. That’s one product that can be either or. ↓
You either #GetOnPoint or you are not hooked up yet! Might as well arm yourself and team with options. Get on Point with #BluePointMtg and have manual and approved options for your borrowers. CLICK HERE – Let’s do business!!
Offering .25 incentive to all new “first” loans from broker’s in April. Let’s bloom together! Want to check out rates, programs or send me a scenario? Text the word “Juiceman” to 33655 and download my app. Take a scroll through the links and submit me a scenario real time.
As Always –
#TwoforTuesday – DU or LP & VA loans. Many LO’s forget that you can do a VA loan on DU or LP. I say run it on DU and if it doesn’t get approved, try LP as a second resort. #VALoans are quite possibly the best loan out there hands down. I ♥ helping Veterans get into homes with no money down.
Today I dedicate the day to some of the #GuidelineWeek guidelines that I went over last week for VA Loans. Foreclosure, SS, BK, concessions and more. I talk about the recent changes in cash out LTV calculations and several other “cool VA guides” you should know.
When it comes to partnering with #WholesaleLenders for VA, I suggest you #GetOnPoint. Why? Because at #BluePointMtg we have virtually no overlays and we will send out to a local VA office if needed. (Happens when two unmarried Vets are on same loan). Many lenders do not do this. We want to give you options for your Veteran borrowers. #LetsChatVA
We close loans, that’s the point! #GetOnPoint with #BluePointMtg – CLICK HERE
As Always –
#Two4Tuesday – VA changes you need to know! There is (on Friday) two new types of VA loans. VA type 1 and VA type 2 when it comes to VA refinances. (The old “cash-out” loan) – And with this change there are some key things to know about. Several new guidelines for VA loans and updates I detail in today’s show! ↓ It’s longer today guys and gals, but worth the watch! ↓↓
If you have any “leads” into the new form for showing options for the client I’d be interested to know what you’re using. You would think that if VA says you need to disclose a comparison of options to the clients, they would INCLUDE that in the VA circular. Nope. Didn’t happen. But hey it is what it is. How are you going to show options? Send a note, make a comment, message me, I’d ♥ to know what you’re doing.
And of course I do VA. I love helping Vets, and we do them very well. #GetOnPoint with #BluePointMtg and use us for your VA loans. We go down to 550 FICO, have no manual underwriting hit to pricing, and we will send a file out to a local VA office if needed. (Happens when two unmarried Vets are on a loan). #LetsDoBusiness –
CLICK HERE for the easy sign up!
As always –
#Two4Tuesday – Reversing it UP! There are a ton of LO’s I deal with that have NEVER wrote or even thought about learning reverse mortgages. This is a growing trend that follows the biggest set of #TrendSetters in the US. #BabyBoomers – And more and more people are exploring this option. Might as well learn how to create more opportunity for yourself is my thoughts. #GetOnPoint
With #BluePointMtg we help LO’s that have never done a reverse mortgage by doing all the “heavy lifting” for them. Seriously we generate all the paperwork, we even pay for the inspection (in CA only) and we provide the counseling numbers for the client to call and offer to place in a “Living Trust”. *For super cheap – Ask your AE for more info.
#Two4Tuesday – You get PAID $$$ Front and BACK just like the old days on this one. And it’s growing popularity among the market place as a fantastic PURCHASE LOAN! A ton of “snow birds” are tired of traveling and just want to sell and then buy their last home in a warmer climate somewhere in the US. It’s a trend. And these people are putting down 50% or more in most cases, and are eligible to do a reverse loan and have NO MORTGAGE PAYMENT EVER! And be in their last house!! What?? This loan makes so much sense, it’s time to educate the LO’s so this summer LO’s can educate the clients. Let’s go!
Reverse it UP this year, and don’t give away your reverse mortgage leads to that one guy. Do them yourself, we’ll show you how! CLICK HERE to get approved with BluePointMtg!
As always –