RECENT BLOG POSTS
Here are a few reasons why buyers need to consider the new Home Ready loan program.Fannie Mae’s alternative to FHA financing for borrowers looking to purchase with a low down payment or refinance with limited equity. Purchases up to 97% including First Time Home Buyers Refinances up to 95% LTV, r...
12/15/2015
Here’s how my mortgage brokers impress Realtors and their borrowers: by not delaying their closings!  And here's how I help them avoid closing delays (that many brokers and borrowers are complaining about since TRID went into effect): with a unique approach when sending out the Closing Disclosure...
12/12/2015
Your purchase loan is now ready to close and thank goodness because the purchase agreement will expire in a couple of days.  Before you can close though, your lender has just informed you they have to wait an additional week or more for the CD waiting period.  What is the CD and why is it holding...
11/17/2015
There has been so much misinformation floating around the real estate and mortgage industries in regard to the new lending disclosures called "TRID" that I had to write something about it.  First, let me explain my background.  I've been employed full time in both real estate and mortgages since ...
11/02/2015
Recently one of my mortgage brokers submitted a loan for funding, a conventional 30 year fixed rate purchase, nothing out of the ordinary.  We can close it within 21 days.  Part of the underwriting process is to send out a form to the IRS called a 4506-T, used to verify that the borrower's tax re...
10/17/2015
So, the Wall Street Journal came to our offices to interview the CEO and others in our wholesale mortgage company about our "unique" company policy, a firm 40 hour work week.  Unlike some other lenders that feel that you're not working unless you put in an extra 10, 20 or more hours a week, we be...
10/13/2015
This is one of our recent residential rebuilds in fantastic Royal Oak, blending the best materials and green build technology.The historic craftsman bungalow elevation offers a full front sitting porch and cedar shake siding. 1817 N. Lafayette Ave.Royal Oak, MI 48073 $393,000   4 beds 3 baths 2,4...
01/21/2015
For Sale - 501 N Center St, Royal Oak, MI 48067 3 beds 4 baths 2,400 sqft For Sale $392,900     Unlike anything in Royal Oak, loft inspired new build with an in-town location ready for immediate occupancy! This unique elevation has standing seam and stacked stone accents with modern a wide open ...
01/13/2015
Right about this time every year we send a letter to all of our borrowers suggesting that they get their property taxes appealed, especially if you are in the City of Detroit. Most cities have a property tax appeal process, which is only available for a limited time in February. This can result i...
11/13/2014
I was thinking about a webinar I attended a while ago that was held by a hard money lender from the West Coast. Everything that he said was typical of most hard money programs and the underwriting guidelines they use that would be presented to potential mortgage investors UNTIL he started talking...
11/11/2014
Rainmaker
210,433

Trent Dalrymple

Wholesale Lending Account Executive (800) 981-8898