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fha: 11 articles/diary entries published on Broker Banker Magazine Online - 05/11/09 09:14 PM
I've been priviledged through my affiliation with BNI Founder Dr. Ivan Misner's Author Mentor Program to have the opportunity to write for Ed Craine, and Broker Banker Magazine.
Ed asked me to write about the mortgage business and tie in networking.  Ed is not only the driving force behind Broker Banker Magazine, he's also a BNI Director.
here are the first 11 entries - I hope you like it and I hope you will give me your honest feedback.
best,
 
Melinda Potcher
Mortgage Maven
Trinity Mortgage, LLC
www.HomeLoansAlbuquerque.com
Hi Melinda-
 
We've posted all your entries so far. (11 entries.) … (0 comments)

fha: Don't Buy Into The Hype! - 10/07/08 11:26 AM
Don't believe or buy in to the hype when the media says that there isn't any credit available out there!  It's just not true!
I have 5 loans I am working on presently, including;
an $800k refi
4 homebuyers looking for properties that are preapproved for loans ranging from $142,000 to $270,000.
Everybody wants a "smokin deal", and believe me they are out there!
Rates are currently holding at 6% on a 30 day fixed conventional or government loan (FHA/VA).
3% down is all you need.  A family member, employer or friend can also gift you down payment or closing costs.  … (4 comments)

fha: Campaign Launched to Undo Down Payment Assistance Ban - 08/19/08 08:28 PM
Daily Real Estate News  |  August 19, 2008
Campaign Launched to Undo Down Payment Ban The Housing and Economic Recovery Act prohibits the Federal Housing Administration from insuring loans made with a seller-funded down payment. This essentially bans the practice since nearly all these loans are made with FHA-guaranteed financing. The ban takes effect Oct. 1, 2008.The Nehemiah Corp. of America, the nonprofit responsible for arranging thousands of these loans, has launched a campaign and Web site to persuade Congress to override this aspect of the housing bill. The site includes a countdown clock tracking the end of DPA to the second, a … (2 comments)

fha: Comparing the Competition in the Local Mortgage Broker Market - One Loan Officer's Opinion - 06/10/08 09:44 AM
Comparing the Competition in the Local Mortgage Broker Market
Recently I chose to have conversations with some of my local competitors in the Albuquerque Metro Area. I guess you could say curiosity had gotten the best of me, and as all humans tend to do at one time or another, I wondered if the grass were really greener on the other side of the fence.
The first Mortgage Broker I met with over lunch - it was more social than business, but gave me great insight to her personality and maturation as a business professional. I left with a heart full … (0 comments)

fha: FHA "Kiddie Condo" - 04/11/08 06:44 PM
Now is The Time...
To Invest In Your Child's Future
 The FHA Lending Limit is currently $271,050 in the Albuquerque Metro. For less than $200,000, you could invest in Residential Real Estate for your Child's Future. If you have kids heading to college in the next 2 years, why not buy the house or condo and know your child is safe & you are controlling the property?
 Jimmy or Susie can also get a roommate or roommates to offset the mortgage payment, and in 5 years, you can either turn the property over to your now graduated adult child, or they can … (0 comments)

fha: FHA Government Mortgage Loans Minimum Credit Score Requirements - Update - 03/28/08 07:10 PM
FHA Product Updates
       
Effective for all FHA loans registered and/or locked after today, Friday, March 28, minimum FICO scores will apply in all instances regardless of AUS (Automated Underwriting System) decision. Extensions will not be granted.
       
 
See the chart below for minimum FICO score requirements for all AUS FHA loans*.
 
Transaction Type
Minimum FICO
 
Purchase & R/T Refinance
580
 
Cash-out Refinance LTV < 85%
580
Cash-out Refinance LTV > 85% 
600
Streamline Refinance   
580
*
… (3 comments)

 
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MELINDA POTCHER

Albuquerque, NM

More about me…

DIVINE MORTGAGE, LLC

Address: 9400 Holly Drive NE Bldg. 4 Suite A, Albuquerque, NM, 87122

Office Phone: (505) 821-7777

Cell Phone: (505) 259-6397

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