LOOK BEFORE YOU LEAP MY REAL ESTATE PROFESSIONALS - 04/28/11 03:20 PM
STOP !!! DON'T THROW AWAY OR TRASH THE CLIENT THAT HAS SOME CREDIT ISSUES!
These individuals or couples who have a history of credit issues, may just turn out to be "DIAMONDS IN THE ROUGH"
Each month, I either meet or speak with many individuals who have or have had issues with their credit. I will often find that what they think is "fair" credit is actually and average credit score.
These POTENTIAL buyers most often only need someone to review their current income and credit scenerio before they can become qualified to purchase.
When a realtor makes a credit referral … (0 comments)

Loan Modifications What A Nightmare! - 04/28/11 01:11 PM
In the past, have you applied to your current lender for a loan modification? Only to find that you were turned down after a say, four to six month wait.
Are you interested in working with a mortgage professional whos as 10 + years of experience? Is your current payment too high, or is it about to adjust to a higher rate after being low for several years?
There are millions of Americans thta are currently in Adjustable Rate Mortgages who need to consider looking for a longer term, or perhaps want to refinance into a 10 or 15 year term. … (0 comments)

Rural Development - 04/26/11 02:03 PM
Rural Development
The USDA does have an interesting home loan plan called Rural Development. 
 To qualify for this special loan, the homes location has to be in a qualifying zone. Usually this lies outside
the city boundaries. A 640 minimum credit score is required by the l...ender. Household income can not
exceed 115% of the median income for the county in which the home is located. Income is projected
forward including projected pay raises. Borrowers must lack sufficient resources to secure a conventional
loan. (Generally 20% Down) So if you have a potential buyer who may be a little credit impaired, … (0 comments)

Too Much to do About Nothing - 04/20/11 01:45 PM
Recently the FHA mades some changes. Like that is a new concept....However, a lot of brokers and loan officers are flipping out and making too much to do about nothing. Personally, I am just going with the flow.
My team and I have decided that we are going to work on purchases and focus more on them. With home appraisals being down, the market is ripe for buying an expensive house at a lower cost.  This works for me and hopefully a lot of Realtors as well.
So Ohio, Indiana and Kentucky Realtors, let's get something cooking in the kitchen. Get … (2 comments)

Looking At Yourself - The task of surrounding yourself with positive people - 04/18/11 11:33 AM
Are you ready to take yourself and your team to the next level?
Are you tired of complacency that seems to have crept into your business and personal life?
Can you take a step back and take an objective, unbiased look at every area of your business (Administrative, operations, sales) to determine where you are versus where you want to be?
Recently, I have made a conscious effort to evaluate every part of my business. I have begun to make small changes that are necessary to grow and improve.
I am looking at myself first and am prepared to make those changes … (4 comments)

"The Harder You Work, The Luckier You Get" - 04/06/11 01:56 PM
"Are you feeling sorry for yourself? Have things been tough lately and the ball is just not bouncing your
way?"
In 1984, a newly acquired business associate and now long time friend made that title statement and I
have never forgotten it.
I guess it is true that when things seem to not be going good for you, it is easy to become discouraged
and lazy; even slip into depression.
The next time this happens to you, keep your head up, stay focused and work on your mental toughness.
Start with reasonable goals for yourself each evening for the next days work and … (1 comments)

Do you think this is a Stupid RULE? - 04/05/11 03:35 PM
     Recently we had a client who had a wonderful loan. Everything was going rather smoothly to refinance this condo. We were wrong. The underwriter called to say that they could not do this loan, because the FHA will not allow loans where more than 10% of the units are owned by an individual or company. In this case that would have been. 10. This LLC owns 36. Our client did not know this, nor did we, until the end.
     I personally think this is unfair the the persons who indivually own their condos. What difference does it possibly make … (8 comments)

 
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Joe Beach

Springboro, OH

More about me…

Lending4UNow/Rapid Mortgage

Address: 78 N. Main St, Springboro, oh, 45066

Office Phone: (937) 748-8888 x 319

Cell Phone: (513) 320-0643

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