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valencia mortgage: Show me your Assets! Yep that's what I said. - 11/21/10 08:45 PM
Show me your assets!  Yep that's what I said. 
 
I'm talking about your assets to close!
If you or anyone you know is planning on buying a home, you need to read this. 
 In addition to a credit check, verifying your income and inspecting the property, your mortgage company will be verifying your money.
 Stated income and stated asset loans have pretty much fallen off the face of the earth, and investors have gotten stricter when it comes to verifying your assets.
Now what is going to be verified?   Since things have gotten very challenging, it's best to assume that … (5 comments)

valencia mortgage: What's the deal? I thought FHA waived the 90 day Property flip rule? - 06/17/10 12:10 AM
What's the deal? I thought FHA waived the 90 day property flip rule?
In January, I posted a blog FHA 90 day flip rule lifted.   This blog gave some pertinent details  about alot of the guidelines surrounding the waiver.  And this is just more proof that active rain is a great place for us to share information amongst industry professionals. 
The reason I say this is because I have recently had a situation surrounding a property flip.  I got that excited call from the realtor.  They got the house!  I'll send you the contracts as soon as I get them back.  I proceed to meet … (9 comments)

valencia mortgage: Do you Know where the rituals of our holidays came from? - 11/25/09 09:56 PM
Do you know where the rituals of our holidays came from?  The Easter bunny hiding eggs?  Carving pumkins? Turkeys and squash, bringing a Tree inside your home and decorating it?
                                                        
 
The traditions we follow today are actually ancient rituals whose history has gotten lost in the chronicles of time.
Did you know that in ancient times, Easter had nothing to do with the Christ's Resurrection? The pagans celebrated the coming of spring, flowers and the planting season.  The Easter bunny was added later recognizing the rabbit's prolific mating habits and the egg, the symbol of birth.  Fertility was the lifeline … (1 comments)

valencia mortgage: 203k Made SIMPLE? Yes, for your clients.......... - 07/14/09 06:25 AM
203k MADE SIMPLE?
Ok, maybe not, but I will attempt to make it as simple as possible for the client to understand and want to read on.  For many of us in the business who are " in the know"  we forget that we need to go back to the basics and spell it out in simple terms for others to understand.  So I've compiled some information based on my most recent commonly asked questions just this week.
In Southern California, FHA loans were just not utilized over the past 10 or so years because of the FHA Maximum Mortgage limits  But now that the limits … (100 comments)

 
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Colleen Craig

Santa Clarita, CA

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Southern California Mortgage Professional

Office Phone: (661) 310-8536

Cell Phone: (661) 310-8536

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