Todd Martin - 's Blog

Sage Advice

Todd Martin - Florida's - Doctor Loan — Fri, 21 Nov 2008 07:28:50 -0800

I was reading the December 2008 issue of Money magazine and came across a great quote by Warren Buffett. In the article he's talking about buying shares of American companies that are high quality, but beaten down and affordable. One could take this same quote and apply it to the housing industry.

"Be fearful when others are greedy and greedy when others are fearful."

FHA Sources of Down Payment

Todd Martin - Florida's - Doctor Loan — Thu, 20 Nov 2008 10:22:11 -0800

Gift funds - May be used for 100% of the borrower's closing costs and down payment - eligible donors include close relatives, a close friend with a clearly defined interest in the borrower, a corporation established for charitable purposes, a borrower's employer or labor union, Federal, State or Local Government agency.

Cash from private savings clubs - Savings clubs established and used by various ethnic groups.

Commission from sale - A licensed Realtor may use commission income from the sale of the property being purchased. If the borrower is a licensed real estate agent entitled to a real estate commission from the sale of the property being purchased, those funds may be used as part of the cash investment, a letter from the Real Estate Agency must state how much will be credited to the Sales Agent (after any commission split or deduction of other fees) at closing on the HUD-1.

Bridal Registry - Monetary gifts from friends and family - not restricted to couples getting married but can be applied to situations where such gifts typically are received. Only "first-time" homebuyers are eligible for this program.

Loans from family members

Loans secured by an asset - Funds may be borrowed for the total required investment as long as satisfactory evidence is provided that the funds are fully secured (collateralized) by investment accounts or real property. Sources of acceptable and unacceptable collateral (asset) for loans used to assist in the required down payment or closing costs include, but are not limited to, those shown below.

Investment Accounts
Real Property (i.e., cars, trucks, boats)

Please Call (813) 507-0296 for More Information

2008 Rural Development / USDA Income Limits for Florida

Todd Martin - Florida's - Doctor Loan — Wed, 19 Nov 2008 15:18:40 -0800

2008 Rural Development / USDA Income Limits for Florida

Counties	1-Person	2-Person	3-Person	4-Person	5-Person	6-Person	7-Person	8-Person
All Florida & Virgin Island Counties EXCEPT those listed below.	49,500	56,600	63,700	70,750	76,400	82,050	87,750	93,400
Clay, Duval, Nassau, St. Johns	51,400	58,750	66,100	73,450	79,350	85,200	91,100	96,950
Collier	56,200	64,250	72,250	80,300	86,700	93,150	99,550	106,000
Palm Beach	55,700	63,650	71,600	79,950	85,900	92,300	98,650	105,000
Gadsen, Jefferson, Leon	50,000	57,150	64,300	71,450	77,150	82,900	88,600	94,300
Okaloosa	50,850	58,100	65,400	72,650	78,450	84,250	90,100	95,900

Please call (813) 507-0296 for more information

2009 FHA Loan Limits - Hillsborough, Pasco, and Pinellas Counties

Todd Martin - Florida's - Doctor Loan — Thu, 13 Nov 2008 17:08:45 -0800

FHA has announced the new 2009 FHA Loan Limits for Hillsborough, Pasco, and Pinellas counties. Please not that they are a little lower than this year. January 2009 the minimum dowpayment for a FHA loan increases to 3.5%.

Hillsborough, Pasco, & Pinellas Counties

$271,050

$347,000

$419,425

$521,250

01/01/2009

Please call (813) 507-0296 for more information

Rural (USDA) Development Income Limits - Hillsborough County

Todd Martin - Florida's - Doctor Loan — Wed, 12 Nov 2008 12:59:48 -0800

The income limits for Hillsborough county is...

1-Person: $49,550

2-Person: $56,600

3-Person: $63,700

4-Person: $70,750

5-Person: $76,400

In some instances your total income can be much higher than the adjusted income. If total income exceeds the limits, certain adjustments can be made, such as childcare expenses or children 12 or younger.

Example: Hillsborough County 4-person family (2 adults, 2 children) has a gross income of $80,410. Child care for the two children 12 or less is $10,000 annually. They would qualify because $80,410 less 10,000 child care less $480 for each child = $69,450

Please call (813) 507-0296 for more information

Proposed 2009 Rural (USDA) Development Income Limits - Hillsborough & Pasco

Todd Martin - Florida's - Doctor Loan — Fri, 07 Nov 2008 05:28:06 -0800

I was reading through a stack of bulletins I've received this week on product updates and this one stood out the most. Effective January 20, 2009 USDA is changing how they calculate household income. Currently they use eight different categories, but come January 20th they're going to two. It's not finalized yet, but as long as anyone doesn't object by January 5th it's a done deal.

Below is the new income limits for Hillsborough & Pasco counties in Florida.

1-4 person: $70,750

5-8 person: $93,400

100% Doctor Loan with Rates as low as 4%

Todd Martin - Florida's - Doctor Loan — Thu, 06 Nov 2008 21:12:06 -0800

Program features include:

Up to 100% financing (even in a declining market)
No monthly mortgage insurance payments
Eligible on purchase and rate/term refinances
Construction loans, fixed rate, ARM and interest-only financing available
Loan amounts of up to $1.5 million with competitive pricing and special relationship discounts

ALL OF November WE ARE OFFERING .25% OFF INTEREST RATE

The program offers adjustable and fixed rate mortgages allowing 100% financing for primary residence, purchase and rate/term transactions and cash-out refinances to 89.99% LTV.

Programs include 15 and 30 year fixed, one (1) month LIBOR, six (6) month LIBOR, one (1) year, 3/1, 5/1, 7/1 and 10/1 LIBOR ARMs. Fully Amortizing and Interest Only options are available.

$1,500,000 for medical doctors who have completed their residency, and
$417,000 for medical doctors who are currently residents/interns.

Our ARM rates are very aggressive. Today, November 5th our 3/1 ARM is 5.875%, 5/1 ARM is 6.375%. If you can stomach some volatility our 1 month libor is 3.75%

Please call (813) 507-0296 for more information

Rural (USDA) Development Loans - Pasco County

Todd Martin - Florida's - Doctor Loan — Tue, 04 Nov 2008 12:27:32 -0800

The income limits for Pasco counties is...

1-Person: $49,550

2-Person: $56,600

3-Person: $63,700

4-Person: $70,750

5-Person: $76,400

Example: Pasco County 4-person family (2 adults, 2 children) has a gross income of $80,410. Child care for the two children 12 or less is $10,000 annually. They would qualify because $80,410 less 10,000 child care less $480 for each child = $69,450

Call (813) 507-0296 to find out if the house your purchasing in Pasco County is eligible for Rural (USDA) Financing.

Florida Rural (USDA) Development Loan Eligible Areas

Todd Martin - Florida's - Doctor Loan — Fri, 31 Oct 2008 09:57:39 -0700

Only those counties with ineligible areas are listed below. All other counties are completely eligible.

Alachua, Bay, Brevard, Broward, Charlotte, Clay, Duval, Escambia, Hillsborough, Indian River, Lee, Leon, Manatee, Marion, Miami-Dade, Monroe, Okaloosa, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, St. Johns, St. Lucie, Santa Rosa, Sarasota, Seminole, Volusia

If a county is listed above it doesn't necessarily mean its ineligible, but certain parts are.

Please call (813) 507-0296 to find out if the house you're interested in buying qualifies for a Rural (USDA) Development loan.

Rural Development (USDA) Guarantee Fee

Todd Martin - Florida's - Doctor Loan — Thu, 30 Oct 2008 13:54:45 -0700

There is a non-refundable insurance guarantee fee for purchase transactions and improvements for existing dwellings.
The guarantee fee is equal to 2.00% of the loan amount.
For rate/term refinance transactions, the guarantee fee is .50%
The guarantee fee may be financed in with the loan amount. In instances when the guarantee fee is financed in with the loan amount, the maximum LTV may exceed the appraised value of the property to include the amount of the guarantee fee up to 102%.
For rate/term refinance transactions, the guarantee fee may be financed in with the loan amount, however an LTV of 100.5% is allowable.

100% Doctor Loan up to $1.5 Million NO MI - .25% Off Interest Rate

Todd Martin - Florida's - Doctor Loan — Thu, 30 Oct 2008 11:49:01 -0700

Program features include:

Up to 100% financing (even in a declining market)
No monthly mortgage insurance payments
Eligible on purchase and rate/term refinances
Construction loans, fixed rate, ARM and interest-only financing available
Loan amounts of up to $1.5 million with competitive pricing and special relationship discounts

ALL OF NOVEMBER WE ARE OFFERING .25% OFF INTEREST RATE

The program offers adjustable and fixed rate mortgages allowing 100% financing for primary residence, purchase and rate/term transactions and cash-out refinances to 89.99% LTV.

Programs include 15 and 30 year fixed, one (1) month LIBOR, six (6) month LIBOR, one (1) year, 3/1, 5/1, 7/1 and 10/1 LIBOR ARMs. Fully Amortizing and Interest Only options are available.

$1,500,000 for medical doctors who have completed their residency, and
$417,000 for medical doctors who are currently residents/iterns.

We still provide 100% financing with NO MORTGAGE INSURANCE

(Most competitors have dropped this option)

Loan Limits to $1.5 million

(NOT limited to $650,000)

Please call (813) 507-0296 for more information

VA Funding Fee

Todd Martin - Florida's - Doctor Loan — Wed, 29 Oct 2008 10:54:24 -0700

I've been getting a lot of phone calls the last couple days on the VA Funding Fee. I thought it would be helpful if I posted them online.

The following persons are exempt from paying the funding fee:

veterans receiving VA compensation for service-connected disabilities,
veterans who would be entitled to receive compensation for service-connected disabilities if they did not receive retirement pay, and
surviving spouses of veterans who died in service or from service connected disabilities

Purchase and Construction Loans Funding Fee Chart (Effective for Closing on and after 10-01-04)
Effective Date	Type of Usage	Down Payment	Active Duty or Veteran	Reservist / National Guard
10/01/04 - 09/30/11	First-time use	0 - 4.99% down payment	2.15%	2.4%
01/01/04 - 09/30/11	Subsequent use	0 - 4.99% down payment	3.30%	3.30%
01/01/04 - 09/30/11	First-time use and subsequent use	5% or more - 9.99%	1.5%	1.75%
01/01/04 - 09/30/11	First-time use and subsequent use	10% or more	1.25%	1.50%

Regular Refinance Funding Fee Chart (Effective for Closings on or after 10-01-04)
Effective Date	Type of Usage	Down Payment / Equity	Active Duty or Veteran	Reservist / National Guard
10/01/04 - 09/30/11	First-time use	N/A	2.15%	2.4%
01/01/04 - 09/30/11	Subsequent use	N/A	3.30	3.30%

Type Of Loan	Funding Fee Percentage For All Veterans Whether First Time Or Subsequent Use
Interest Rate Reduction Refinance Loans (IRRRLs)	.50%
Loan Assumptions	.50%

Construction-to-Permanent (CTC) Doctor Loan

Todd Martin - Florida's - Doctor Loan — Mon, 27 Oct 2008 13:06:17 -0700

The 100% Doctor loan program is an eligible loan program to be used with the SunTrust Construction-Permanent (one-time closing) loan program. If using the SunTrust Construction-Permanent loan program, which is a one-time closing, the financing must be considered a purchase transaction.

Notes:

Only available with 1 Year, 3/1, 5/1, 7/1 and 10/1 LIBOR ARMs.
The 100% Doctor Fixed Rate option is NOT available at the time of construction closing on construction-permanent transactions, however at the time of modification, a 100% Doctor construction-permanent ARM loan with a maximum LTV of 95% may be eligible to modify to a 100% Doctor fixed rate loan with a maximum LTV of 95%.

Upon completion of the construction of a home, the conversion of an interim construction loan or term note into permanent financing may be considered a purchase money transaction or a refinance transaction depending on the type of closing (one-time closing or two-time closing).

Please call (813) 507-0296 for more information

VA Loans

Todd Martin - Florida's - Doctor Loan — Mon, 27 Oct 2008 12:56:13 -0700

In addition to the 6th Air Mobility Wing, MacDill Air Force Base is also home to 53 Mission Partners, including United States Central Command and United States Special Operations Command. Tampa and surronding counties are home to a large number Veterans. A VA loan is one of the last 100% programs.

Features and benefits of the VA loan program include.

Features	Benefits
No down payment on loan amounts less than or equal to $417,000 for purchase and construction loans if the veteran has full entitlement.	Veterans may retain their savings, if any, for other purposes. Offers an advantage to borrowers who have been unable to accumulate savings.
Monthly mortgage insurance is not required.	The monthly payment is less without having to pay a monthly fee.
Cash reserves are not required, except on loans $417,001 to $1,000,000.	Veterans may retain their savings, if any, for other purposes. Offers an advantage to borrowers who have been unable to accumulate savings.
Fixed rate, 3/1 and 5/1 ARM loans are available.	The veteran has a choice as to what program is best suited for his/her needs. AUS underwriting is available.
4% seller concession limitation does not include most closing costs.	Allows seller to contribute more toward the transaction.
Debt ratio of 41% for loans requiring traditional underwriting and 50% for loans $417,001-$1,000,000 processed through an AUS engine .	For ease in qualifying, VA does not require a housing ratio and has a higher allowable debt ratio.
The loan may be assumed under the original terms if the prospective purchaser qualifies for the loan.	The assumption feature offers an attractive resale option, if interest rates at time of resale are higher than the VA loan.
The borrower can prepay the entire indebtedness without penalty; or an amount not less than one (1) installment or $100, whichever is less may be prepaid.	Allows borrower to payoff loan at any time without restriction or penalty.
An existing VA loan may be refinanced with a Interest Rate Reduction Refinance Loan without an appraisal with no credit qualifying in most instances.	Provides veteran with a quick, easy and less costly means to refinance the VA loan to take advantage of a lower interest rate.
90% cash-out refinance loans are allowed.	Only 10% equity is required up to loan amount of $144,000. Higher loan amounts may be allowed with sufficient entitlement and equity.
Jumbo Loan Amounts	Allows loans amounts $417,001 to $1,000,000 plus VA funding fee for purchases and cash-out refinances.

HOPE for Homeowners

Todd Martin - Florida's - Doctor Loan — Sat, 11 Oct 2008 16:25:04 -0700

This is a new program for borrowers at risk of default and foreclosure. The program provides new, 30-year, fixed rate mortgages that are insured by the Federal Housing Authority (FHA). H4H is voluntary. Both lender(s) and borrower(s) must agree to participate.

When does H4H begin?: The program begins October 1, 2008 and ends September 30, 2011.

Who is eligible?: You may be eligible if, among other factors:

The home is your primary residence, and you have no ownership interest in any other residential property, such as second homes.
Your existing mortgage was originated on or before January 1, 2008 and you have made at least six payments.
You are not able to pay your existing mortgage without help.
As of March 2008, your total monthly mortgage payments due were more than 31 percent of your gross monthly income.
You certify that you have not been convicted of fraud in the past 10 years, intentionally defaulted on debts; and did not knowingly or willingly provide material false information to obtain existing mortgage(s).

Who should I contact?: FHA does not accept loan applications. Borrowers seeking help should contact their lender, another FHA-approved lender, or a housing counselor to apply or learn more about their options.

How much can I borrow?: Your new H4H mortgage will be no more than 90% of the new appraised value of your home with the lender essentially writing down your current mortgage to that amount.

What costs do I have to pay?:

The new mortgage, if approved, will replace all of the current mortgages on your home. You will not owe any payments, fees or debts on the mortgages you now hold.
You must agree to share both the equity created at the beginning of this new mortgage and a portion of any future appreciation in the value of your home.
In addition to any upfront mortgage insurance payment 3%, you will pay a 1.5% annual mortgage insurance premium on your outstanding mortgage balance. This premium will be included in your monthly payments.
You will need to pay closing costs on the loan.

What will my rate be?: The interest rate for the new mortgage will be based on current market interest rates and will be provided by the lender.

I currently have a second mortgage. If needed, can I take out a second mortgage under this program?: You cannot take out a second mortgage for the first five years of the loan, except under certain circumstances for emergency repairs.

Good Neighbor Next Door (GNND)

Todd Martin - Florida's - Doctor Loan — Tue, 07 Oct 2008 09:19:24 -0700

HUD Acquired SFR eligible for purchase by Teachers, Law Enforcement Officers, Firefighters and EMT's for 50% off the purchase price.
Homes are located in HUD designated Revitalization Areas
$100 Down payment if the home is financed FHA
Not limited to First Time Homebuyers*
Home MUST be owner occupied for 3 years
Silent second for 50% forgiven after 3 years

Law Enforcement Officer: Must be employed full-time by a law enforcement agency of the federal government, state,, or general local government or Indian Tribe.

Teacher: Must be employed full time by state accredited public or private school serving pre-kindergarten through 12th grade. Teachers may only purchase in areas served by the boundary of their school system.

Firefighter/EMT: Must be employed full time as a FF or EMT by a local fire department or emergency medical services responder of the federal government serving the area where the home is being purchased.

Silent Second: A second mortgage and note are signed by the borrower for the discount amount. There is no interest/no payments provided the 3 year occupancy requirement is met. The second will be released at the end of the 3 years providing the participant certified annually compliance with the owner occupancy and the borrower is verified to not be under investigation by the Office of the Inspector General at the time of the release.

Revitalization Areas: HUD Designated neighborhoods in need of economic and community development. To locate HUD Homes in your state: www.hud.gov/homes/index.cfm

*The program is not restricted to FTHB, however a buyer can not own any real estate at the time of closing on a GNND property.

Please call (813) 507-0296 for more information

Construction-Permanent Loans (OTC)

Todd Martin - Florida's - Doctor Loan — Mon, 06 Oct 2008 10:24:46 -0700

The Construction-Permanent loan is designed for borrowers who finance the construction of a primary residence or second home by a reputable builder. The loan is made directly to the consumer, not to the builder. In addition, the Construction-Permanent loan offers financing to borrowers for property rehabilitation including renovations and tear-downs.

There are two phases to the Construction-Permanent loan. The first is the construction loan phase (phase one), which is in effect while the home is being constructed. During this time, periodic disbursements of loan principal based on the amount of construction completed and interest-only payments will be due on the amount disbursed. Upon completion of the home, the loan will roll over into permanent phase (phase two) and the borrower will make monthly payments in accordance with the terms of the Note.

Maximum Loan-to-Value (LTV):

The LTV during the construction period will be calculated based on the lower of the appraised value or acquisition cost and the maximum LTV will be based on the permanent product type.

Notes:

Acquisition cost for new construction is defined as the cost to construct the dwelling plus the cost or value of the lot. For lots or land owned less than twelve (12) months prior to loan application the purchase price of the lot/land is used in calculating the acquisition cost. For lots or land owned for twelve (12) months or more at time of application, the value given in the appraisal for the land is used in calculating the acquisition cost.

Please call (813) 507-0296 for more information

Rural Development - USDA Loans - 100% Financing - Tampa

Todd Martin - Florida's - Doctor Loan — Fri, 03 Oct 2008 11:45:17 -0700

A great alternative to an FHA loan is the RURAL DEVELOPMENT, USDA loan. The home to be purchased must be located in an eligible rural area as defined by USDA.

To determine if a property is located in an eligible rural area visit http://eligibility.sc.egov.usda.gov

THE ADVANTAGES OF THE USDA LOAN:

Loan up to 102% of appraised value
NO MI
No maximum loan amount
No cash contribution required from the borrower
Unrestricted gifts, no need to document source
Non-traditional credit may be substitute for lack of traditional credit history
No credit explanations when credit score is 620 or above
No minimum credit score
No reserves required
Not limited to first-time home buyers
High earnings potential
30-year fixed-rate loan
2/1 Buydown

Other eligibility criteria:

U.S. Citizen or permanent resident or qualified alien.
Financed dwelling must be primary residence.
Property must be residential.

Manufactured home:New manufactured homes purchased from an Agency approved dealer may be financed.

Modular home: No restriction

Condo & town home: Must meet the requirements of Fannie Mae, Freddie Mac, VA, or FHA.

Challenges:

No co-signers residing outside of the household.
In-ground swimming pools. Ask for a waiver.

To determine if a property is located in an eligible rural area visit http://eligibility.sc.egov.usda.gov

Land O' Lakes, Odessa, Wesley Chapel, Crystal Springs, Zephyrhills, St. Leo, Dade City, Fish Hawk, Ruskin, Sun City Center, Wimauma, and Boyette

Hillsborough County, Pasco County, Hernando County, Polk County

Please call (813) 507-0296 for more information

100% Doctor Loan - Special Rate Reduction ends 10/31

Todd Martin - Florida's - Doctor Loan — Fri, 03 Oct 2008 10:48:00 -0700

Program features include:

Up to 100% financing (even in a declining market)
No monthly mortgage insurance payments
Eligible on purchase and rate/term refinances
Construction loans, fixed rate, ARM and interest-only financing available
Loan amounts of up to $1.5 million with competitive pricing and special relationship discounts

ALL OF OCTOBER WE ARE OFFERING .25% OFF INTEREST RATE

The program offers adjustable and fixed rate mortgages allowing 100% financing for primary residence, purchase and rate/term transactions and cash-out refinances to 89.99% LTV.

Programs include 15 and 30 year fixed, one (1) month LIBOR, six (6) month LIBOR, one (1) year, 3/1, 5/1, 7/1 and 10/1 LIBOR ARMs. Fully Amortizing and Interest Only options are available.

$1,500,000 for medical doctors who have completed their residency, and
$417,000 for medical doctors who are currently residents/iterns.

Please call (813) 507-0296 for more information

Tag A Room

Todd Martin - Florida's - Doctor Loan — Fri, 26 Sep 2008 10:46:32 -0700

A Realtor partner of mine told me about this company yesterday. It's a great way to do something different for any prospects that your working with.

All labels are color coded and designed for specific rooms throughout the home/office. The labels are used to identify the room where each box is to be placed. This will save time during the unloading process by avoiding any confusion on the placement of your boxes and making the most of every trip into the new place.

To learn more or to purchase the labels visit Tag A Room

FHA - Converting Existing Homes to Rentals

Todd Martin - Florida's - Doctor Loan — Mon, 22 Sep 2008 11:10:57 -0700

Recently, FHA & others in the mortgage industry have observed an increasing number of homeowners who have chosen to vacate their existing principal residence and purchase a new residence.

Effective immediately FHA is instituting underwriting guidance designed to assure that the homebuyer can make payments on the full debt of both mortgages. The underwriting analysis may not consider any rental income from the property being vacated except under two circumstances. The exclusion of rental income from the property being vacated is temporary while FHA further analyzes the situation. This guidance is directed to preventing the practice known as "buy and bail".

Exceptions:

Rental income on the property being vacated may be considered in the underwriting analysis under the following circumstances.

Relocation's:The homebuyer is relocating with a new employer, or being transferred by the current employer to an area not within reasonable distance. A fully executed lease agreement of at least one year's duration after the loan closed is required. FHA recommends underwriters obtain evidence of security deposit and/or proof of first month's rent was paid.
Sufficient Equity in Vacated Property: The homebuyer has a LTV ratio of 75% or less, as determined by either a current appraisal or by comparing the unpaid principal balance to the original sales price of the property.

This is not applicable to existing rental properties disclosed on the loan application and confirmed by tax returns.

Visit Mickey for Free

Todd Martin - Florida's - Doctor Loan — Fri, 19 Sep 2008 10:57:55 -0700

Walt Disney World will be admitting visitors for free on their birthday next year at all Disney Parks. Visitors will have to show valid identification and proof of birth to qualify.

Details are available at www.disneyparks.com, where birthday visits can be registered.

If you live near any of the Disney Parks you should look into their Seasonal Pass Hopper which allows you to visit as many parks as you can in one day.

USDA - Rural Development - Florida

Todd Martin - Florida's - Doctor Loan — Mon, 15 Sep 2008 12:15:19 -0700

A great alternative to an FHA loan is the RURAL DEVELOPMENT, USDA loan. The home to be purchased must be located in an eligible rural area as defined by USDA.

To determine if a property is located in an eligible rural area visit http://eligibility.sc.egov.usda.gov

THE ADVANTAGES OF THE USDA LOAN:

Loan up to 102% of appraised value
NO MI
No maximum loan amount
No cash contribution required from the borrower
Unrestricted gifts, no need to document source
Non-traditional credit may be substitute for lack of traditional credit history
No credit explanations when credit score is 620 or above
No minimum credit score
No reserves required
Not limited to first-time home buyers
High earnings potential
30-year fixed-rate loan

Other eligibility criteria:

U.S. Citizen or permanent resident or qualified alien.
Financed dwelling must be primary residence.
Property must be residential.

Manufactured home:New manufactured homes purchased from an Agency approved dealer may be financed.

Modular home: No restriction

Condo & town home: Must meet the requirements of Fannie Mae, Freddie Mac, VA, or FHA.

Challenges:

No co-signers residing outside of the household.
In-ground swimming pools. Ask for a waiver.

Please call (813) 507-0296 for more information

Do It By The Numbers

Todd Martin - Florida's - Doctor Loan — Tue, 09 Sep 2008 17:13:11 -0700

Smart decisions are based on more that government statistics, agency reports, news releases, interest rates and stock quotes. Here are a few fascinating statistics that illuminate the markets, the world financial services and big business.

•1.) Factor by which Toyota's market cap ($163 billion) exceeded that of General Motors, ($6.1 billion)as of July 1, 2008: 26

•2.) Percentage change by 2012 in the after-tax income of the top 0.1 percent of U.S. earners, under Obama's tax plan: -5

•3.) Percentage change under McCain's tax plan: +12

•4.) Scrap value of the Statue of Liberty's 31 tons of copper and 125 tons of steel on-the-spot market as of June 30, 2008: $202,000

•5.) Scrap value of The Liberty Bell's 2,080 pounds of bronze: $3,850

•6.) Number of new U.S. airports built since 1993: 1

•7.) Change in resale value of average large SUV's from March 2008 to May 2008: -13 percent

•8.) Oil imports, in thousands of barrels per day, from Saudi Arabia in April 2008: 1,453

•9.) From Canada: 1,952

•10.) Chance that a home in the U.S. is now vacant: 1 in 35

Sources: 1. Bloomberg, 2-3. Tax Policy, 4-5. National Park Service, 6. Airports Council International, 7. CNW Marketinig, 8-9. Oil & Gas Journal, 10. U.S. Census Bureau

Stop Junk Mail

Todd Martin - Florida's - Doctor Loan — Mon, 08 Sep 2008 20:15:02 -0700

You probably received more than your share of the 103 billion pieces of junk mail sent out last year. Get off the lists by visiting ProQuo.com, a free service that either removes you automatically or, when necessary produces a form that users can print out and drop in the mail. To combat catalog overload, visit CatalogChoice.org.