energy efficient mortgage: Just Closed Two FHA 203(k) Streamlines in 25 Days or Less... - 04/30/11 04:10 AM
What a month!!  I funded three loans yesterday, two of which were FHA 203(k) Streamline loans.  FHA 203(k) Streamline loans should typically take about 35-40 days because of the extra time spent getting the bid from the contractor and the added underwriting and conditions that part of the process brings.  However, we started one of the loans on April 4th and the other loan was submitted on April 8th - this means that we closed this FHA 203(k) Streamline in 21 days.  Of course the clients are happy as can be and the contractor - we have a contractor who is … (0 comments)

energy efficient mortgage: FNMA Paying Bonuses to Realtors and Closings Costs to Buyers and other stuff... - 04/13/11 04:28 AM
Good morning!!  I was just on the FNMA Homepath site and found that there are 2,293 homepath homes in Clark County, NV (Las Vegas area).  For transactions that close by June 30th, FNMA is offering to pay 3.5% in closing costs AND a $500 bonus to the Realtor.  That's a win-win; unfortunately there are no bonuses for the lender other than we have to put up with quirky underwriting guidelines.  Go sell those Homepath homes.
I am currently working on two FHA 203(k) Streamline loans for clients who are going to end up with houses that were in the neighborhoods they … (0 comments)

energy efficient mortgage: Learn how to be a PREMIER Green Realtor and have a chance at winning a Home energy Audit - $299 value - 04/09/11 03:01 AM
"Green" is a big buzzword today and it is gaining traction as an increasing number of energy companies get on the bandwagon to make solar and other alternative, renewable forms of energy more mainstream.  Manufacturers of appliances are building appliances that operate more efficiently and save energy and mundane things like weatherstripping, insulation and similar items are starting to become more popular as people try to find ways to save on their energy bill.
To this end, The Wunderli Team and Service 1st Energy Solutions is teaching a class on May 11 at Keller Williams - The Market Place (2230 Corporate … (0 comments)

energy efficient mortgage: Three Solutions to Three Problems Realtors Face - 04/07/11 03:31 AM
There are lots of problems, challenges, issues or whatever you want to call them in our industry today and they are plentiful for Realtors and loan officers alike.  Here are some solutions for a few of the problems that Realtors face and in many cases, these aren't just solutions for specific problems but also a way to generate more business.
Problem1:  The house my client is buying doesn't have appliances and to make matters worse, they would have to put the purchases on their credit card.
Solution:  If your client is using an FHA loan, they can piggyback the Energy Efficient … (2 comments)