DJ Rondeau's Blog

Tampa Bay Real Estate Update - Market Conditions - Bay to Bay Lending

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Tue, 05 Aug 2014 00:14:14 -0700

The Home-buying Process in Tampa 2014 Homebuyers in the market in Tampa Bay are shopping in today’s competitive buyers’ market; perspective buyer’s need to be able to move quickly on new listings with qualified agents and with their financing in order and ready to move quickly. Currently inventory levels at record low figures according to GTAR.ORG. Listing inventory levels are at record lower levels than we’ve seen in over 10 years with new homes being built at alarming rates. Currently inventory levels are at 4.0 months’ worth of supply and the past 2 months the GTAR MLS region has sold over 2,500 units per month. Due to the limited inventory and increased demand; sales prices are on the rise and people are being outbid. Many of my clients in this current market are being forced to make above list price offers to even be entertained by the seller. In addition, the ability to get offers accepted is difficult due to the increased appeal to buy by real estate investors and investment firms. You should contact DJ Rondeau today to get your financials in order so that when you find the home of your dreams you're ready to move on it. www.tampafloridamortgagebroker.com

Short Sale FHA 1 Yr Out of Short Sale DJ Rondeau 813-480-6077

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Thu, 24 Oct 2013 07:02:08 -0700

Short Sale FHA Financing 1 Year Out of Short Sale Call DJ 813-480-6077

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Thu, 24 Oct 2013 07:04:11 -0700

Florida Jumbo Loan to 90% Loan to Value with No PMI

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Tue, 03 Sep 2013 07:31:47 -0700

Are you looking to purchase a home in Florida above the $417,000 conforming guideline and do not have the required 20% down payment? This can be achieved. There is a new loan product in Florida that my company offers for homebuyers up to the $825,000 price range. This product is one loan, up to 90% LTV with No PMI. Loan Requirements for the Jumbo Loan to 90% Loan to value with No PMI are: 1. 720 or Higher Fico Score 2. No Foreclosure, Short Sale or Bankruptcy in the Last 7 Years 3. Debt to Income Ratios of 41% or Less 4. No PITI Reserves Required to Close 5. Maximum Loan Size of $750,000 6. Primary Residence Only I can close this loan in 28 days or less and can be completed on new construction homes as well. Please click on my personal website for more information http://www.tampafloridamortgagebroker.com/ or contact me directly at 813-480-6077 to obtain additional information or to assist you in getting started on your Jumbo Loan home purchase. A Little Bit About Me Thanks for reading the article. My name is DJ Rondeau, and I am a Mortgage Loan Originator at Bay to Bay Lending, in Tampa, Florida and serving Future and Current Homeowners all over the State of Florida. I make my living helping people with Jumbo Loans. There are many ways in which to qualify for Jumbo Loans. Too many people are misinformed about the Jumbo Loan programs, and I am here to make sure that you are told the "straight facts". My direct office number is (813) 480-6077. If you need to call me evenings or weekends, no problem. I will try my best to answer your call 7 days per week to help you. Remember, "it doesn't cost a penny to talk". Give me a call right now, and I will answer all of your questions. Whether you are a Prospective Client or a Realtor, I hope this post gave you some highlights of one of the many new great Jumbo Loan programs.

FHA Financing Down to a 580 Score

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Mon, 19 Aug 2013 06:41:12 -0700

If you need help with an FHA loan then you have arrived at the right article. I am a licensed mortgage loan originator specializing in FHA loans and I am the President of the Mortgage Banker Association of Tampa Bay. You are my priority for all you mortgage needs with Home Purchases and Refinances in Florida. I have helped thousands of homeowners realize their dreams of home ownership and the majority of my clients come from repeat and referral business. Below are some highlights of FHA Financing - both Purchase and Refinancing- available through Bay to Bay Lending *580 to 639 Mid Score on FHA with 31/43% debt to income ratios *640+ Mid Score on FHA with 41/57% debt to income ratios *Up to 6% Seller Paid Closing Costs on an FHA Purchase *I Can Close Your Loan in 28 Days or Less *Cash Out Refinance Up to 85% LTV on FHA *Rate & Term Refinances up to 97.75% LTV on FHA *FHA Streamline Refinance up to 97.75% LTV with No Appraisal Required with only 55 BPS of Mortgage Insurance if you purchased your FHA Mortgage prior to January 2009 Please click on my personal website for more information http://www.tampafloridamortgagebroker.com/ or contact me @ 813-480-6077 for more information or to assist you in getting started on your home purchase or refinance. Remember, "it doesn't cost a penny to talk". Give me a call right now, and I will answer all of your questions. I'll also answer the most popular questions for you. Whether you are a Prospective Client or a Realtor, I hope this site my article can give you some highlights of FHA loans.

VA Purchase or Cash Out Refinance to 100% LTV

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Mon, 19 Aug 2013 06:37:59 -0700

VA loans don’t require any down payment at all. Aside from the veteran's certificate of eligibility and the fact that the appraiser is assigned by VA, the application process is not much different than any other type of mortgage. Bay to Bay Lending is approved for automatic processing and a buyer's loan can be processed and closed by the lender without waiting for VA's mortgage approval of the credit application or for VA to review the appraisal. Bay to Bay Lending is able to use VA recognized automated underwriting systems, such as Loan Prospector and Desktop Underwriter, to facilitate the underwriting process. FIVE EASY STEPS TO A VA LOAN 1. Apply with Bay to Bay Lending, LLC for the loan @ http://www.tampafloridamortgagebroker.com/ 2. We pull your Certificate of Eligibility 3. Decide on a home to buy and sign a purchase contract 4. We order appraisal and title work 5. Close the loan and move in. * Cash Out Refinance to 100% Loan to Value Contact me with any questions to get started on your VA loan at 813-480-6077 A Little Bit About MeThanks for visiting my site. My name is DJ Rondeau, and I am a Mortgage Loan Originator at Bay to Bay Lending, in Tampa, Florida, and serving Active Military and Veterans all over the State of Florida. I make my living helping Active Military people as well as Veterans. There are many ways in which to qualify to use this wonderful program. Too many people are misinformed about this program, and I am here to make sure that you are told the "straight facts". My direct office number is (813) 489-2493 and my mobile phone is (813) 480-6077. You can call me, evenings or weekends, no problem. I will try my best to answer your call 7 days per week to help you. Remember, "it doesn't cost a penny to talk". Give me a call right now, and I will answer all of your questions. Whether you are a Prospective Client or a Realtor, I hope this article has given you some insight on what is possible for VA Loans.

VA Home Loans - Mortgage Broker DJ Rondeau 813-480-6077 Tampa, FL, Florida St. Petersburg, Clearwater, Orlando, Naples, Miami, Sarasota

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Thu, 07 Jul 2011 03:42:56 -0700

Any veteran or active military member who is in need of a VA home loan; I would love to earn your business. I am a wholesale lender specializing in VA home loans. I am a veteran of the US Army and an expert in VA home loans. For a free rate quote or to have me prepare a quote to compare to your current lender please send an email to djrondeau@baytobaylending.com. DJ Rondeau Bay to Bay Lending, L.L.C. 501 South Dakota Ave, Suite 2 Tampa, FL 33606 813-489-5562- Office 813-480-6077- Mobile 813-464-2867- Fax djrondeau@baytobaylending.com www.tampafloridamortgagebroker.com NMLS Originator ID: 218498

6832 122nd St, Seminole, FL 33772 - Open House 6/26/2011- Pool Home for Sale - Single Family Home, 2 Beds, 2 Baths, 1420 sq. ft., 0.1600 acres, MLS# T2472940 - $169,900

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Fri, 24 Jun 2011 09:33:25 -0700

Great Pool Home! Split floor plan 2 bedrooms 2 baths 1420 sq ft. Updated light fixtures throughout home gas stove screened in lanai for all year round entertaining move-in ready! This community is adjacent to the Tides Golf Course and also has its own private gate to the beautiful Boca Ciega Millennium Park! ***Open House June 26th 1-3pm refreshments served*** Realtor Contact Information Jessica DiTomasoMcBride Kelly & Associates501 South Dakota Ave.Tampa, FL 33606Phone: 813-992-3466

VA Home Loans - Mortgage Broker DJ Rondeau 813-480-6077 Tampa, FL, Florida St. Petersburg, Clearwater, Orlando, Naples, Miami, Sarasota

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Mon, 20 Jun 2011 04:03:00 -0700

Lowest Interest Rates When Financing FHA Approved Condos in Tampa

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Tue, 14 Jun 2011 03:37:40 -0700

When financing a condo during these times it is important to keep your eye on properties that have some form of lending approval. There are several types of approvals and really what this comes down is the ability to be able to provide as many financing options as possible. These days when it comes to financing condos FHA is the way to go; at least in terms of loan programs designed to appeal to as many consumers as possible. These mortgage loans require only a 3.5% minimum down payment and are among the easiest loans to qualify for. The reason for keeping this information in mind is that when it comes to marketing or selling real estate these days it comes down to can the buyer obtain financing in the subject community. Look across the country at condo communities that have some form of financing approval versus those communities that do not. Values have held much stronger in communities with this approval versus those without these types of approvals. There are also approvals in communities from Fannie Mae/Freddie Mac called PERS(Project Eligibility Review Service) approvals and VA also offers condominium community approvals. All approvals are only for a certain timeframe and expire, requiring constant updating to keep this community approval active. For questions on obtaining financing on FHA approved condos in Tampa please feel free to contact DJ Rondeau with any questions. DJ Rondeau Bay to Bay Lending, L.L.C. 501 South Dakota Ave, Suite 2 Tampa, FL 33606 813-489-5562- Office 813-480-6077- Mobile 813-464-2867- Fax djrondeau@baytobaylending.com www.tampafloridamortgagebroker.com NMLS Originator ID: 218498 BAYSHORE TRACE CONDO CARROLLWOOD GABLES CONDOMINIUM CEDAR WOODS CLUB BAYSHORE COLONY BAY CONDO ONE EQUESTRIAN PARC AT HIGHWOODS FAIR OAKS NORTH & SOUTH CONDO GRAND PAVILION, A CONDOMINIUM GREENS OF TOWN & COUNTRY HARBOUR PLACE CITY HOMES HERITAGE AT TEMPLE TERRACE LEGACY AT TAMPA CONDOMINIUM MEADOWOOD VILLAGES MERIDIAN LUXURY CONDOMINIUM NEW TRIAD TOWNHOMES OF CARROLL PALMERA POINTE, A CONDOMINIUM PARKCREST HARBOR ISLAND PLACE ONE CONDO RAINTREE MANOR CONDOMINIUM RAINTREE MANOR HOMES CONDO RAINTREE OAKS RENAISSANCE VILLAS RIVER OAKS CONDO I SCHOONER COVE, A CONDOMINIUM SKYPOINT, A CONDOMINIUM SOMERSET PARK, A CONDOMINIUM STONE CREEK POINTE TEMPLE TERRACE PATIO HOMES THE CLUB AT HIDDEN RIVER THE FALLS AT NEW TAMPA THE GRAND RESERVE CONDOMINIUM THE HIGHLANDS @ HUNTER'S GREEN THE LOFTS THE LOFTS UNIT II THE OAKS UNIT II THE PRESERVE AT TEMPLE TERRACE TIFFANY SUITES CONDO TOWERS OF CHANNELSIDE VENTANA A CONDOMINIUM VICTORIA TERRACE WATERSIDE,

Lowest Interest Rates on USDA Mortgages, Home Loan, DJ Rondeau 813-480-6077

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Tue, 14 Jun 2011 03:31:29 -0700

Many people are not aware of what a USDA loan is. These loan programs are for borrowers looking for 100% financing. These loan programs have no monthly private mortgage insurance and an up-front funding fee of 3.5%. In order to qualify all members of the household must earn below a certain amount of income per year.(as a whole) This loan program utilizes similar underwriting guidelines as FHA. These government loan programs are allowed to be used on primary residences only. For income eligibility click on this hyperlink: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=pageLoad&requestInfo=DirectIncomeLimits&NavKey=incomelimit@11 For property eligibility click on this hyperlink: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property@11 DJ Rondeau Bay to Bay Lending, L.L.C. 501 South Dakota Ave, Suite 2 Tampa, FL 33606 813-489-5562- Office 813-480-6077- Mobile 813-464-2867- Fax djrondeau@baytobaylending.com www.tampafloridamortgagebroker.com NMLS Originator ID: 218498

VA Home Loans - Mortgage Broker DJ Rondeau 813-480-6077 Tampa, FL, Florida St. Petersburg, Clearwater, Orlando, Naples, Miami, Sarasota

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Sat, 02 Apr 2011 17:36:06 -0700

Lender Compensation is Being Targeted - Price Fixing by the Big Banks

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Fri, 04 Mar 2011 23:28:24 -0800

Many industry experts feel that by the federal government restricting lender compensation in a manner as currently proposed is as good as price fixing. The federal government does not step in and tell neither doctors, attorneys, accountants nor any other industry how much compensation they can earn on a transaction. What is going on in the bigger picture is that the big banks are trying to push out small business owners and smaller broker/correspondent lenders from the marketplace; commoditizing this industry. In a perfect world, Wells Fargo, Chase, Bank of America and similar banks would like to have a bunch of "Wal-Mart" type associates taking loan applications for minimum wage. Through this process we are allowing them to fix rates and corporate profits and eliminating flexibility and professionalism in a very high skill profession. I can't begin to tell you the number of clients who come to me after working with one of these "bank" style loan officers and I can see the stress leave their body as they start talking to me. I hear daily, "I am so glad that we met you" or "You know what you're talking about so much more than that loan officer from Bank of America, Wells Fargo or Chase" These clients breath a breath of fresh air when they sit down at my desk and see the type of deal I can give them versus these "big box" style banks. In addition, the level of flexibility that I have versus these lenders with the utilization of YSP(Yield Spread Premium) is far more flexible and I can help so many more clients "close deals." This premium is now disclosed to the borrower and is designed to help borrowers/loan officers in structuring deals and to help support the costs of financing/refinancing/purchasing in situations when closing costs become an issue for the transaction. This process changed in January of 2010, and now the borrowers retain this money. (not the loan officer as in the past) Please see the attached hyperlink and comment/like this article, also please share this article with your friends. The skill of a talented loan officer (MLO - Mortgage Loan Originator) is under fire and the talent at this position will most certainly diminish if we allow the federal government and the big lenders to decide how much money an individual can receive on a transaction. The entire premise of this idea is absurd and the feds need to hear it. Currently the SBA has this legislation under fire as small business owners feel they are being targeted by the big banks and we will not go away without a fight. The idea that businesses can operate at let's say for instance 1% in fees per transaction is ludicrous and simply another way for big banks to control their own destiny. This is only going to allow the larger banks to keep more profit per deal and make it more challenging for the consumer to get the best possible rate/cost on a home loan. The problem is that the federal government is choosing to take the side of the large banks since they are the ones who control so many of our elected politicians through the lobbyists in Washington DC. Please like this article and share it with your friends! http://www.thinkbigworksmall.com/mypage/archive/1/57858/ DJ Rondeau Bay to Bay Lending, L.L.C. 501 South Dakota Ave, Suite 2 Tampa, FL 33606 813-489-5562-Office 813-480-6077-Mobile 813-464-2867-Fax djrondeau@baytobaylending.com www.tampafloridamortgagebroker.com NMLS Originator ID: 218498

VA Home Loans - Mortgage Broker DJ Rondeau 813-480-6077 Tampa, FL, Florida St. Petersburg, Clearwater, Orlando, Naples, Miami, Sarasota

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Mon, 21 Feb 2011 20:50:36 -0800

NAMB to File Suit against the Federal Reserve - Post from LinkedIn - John Councilman - NAMB

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Sun, 20 Feb 2011 16:30:58 -0800

NAMB to File Suit Against the Federal Reserve It was a very difficult choice whether filing legal action was an appropriate course on the Fed's LO Compensation Rule. Many loan originators wanted us to do so immediately and there may be other suits. I can tell you NAMB's suit is not a knee-jerk reaction. It has been planned and well-thought out. Numerous legal firms have consulted with NAMB on the legal basis for such a suit. One must realize that the courts give tremendous deference to federal agencies who claim to be doing what they are legislatively empowered to do. No suit is a slam dunk. One must consider if they have a law firm(s) with the skill, knowledge and horsepower to have a chance. NAMB was approached by a team composed of DC lawyers and powerful plaintiff's lawyers who have a track record of winning some of the largest awards in US history. They made us an offer too good to refuse so we have accepted and will begin proceedings Monday. These folks are giving us a bargain but they are still not cheap. We need every loan originator to donate. Nothing could be worse than to win an injunction and then not have enough money to finish through appeals. If ever you gave to cause, now is the time. I know that I will lose at least 1/2 point from one of my best wholesalers because of the fee that I have chosen to remain competitive. That will equate to tens of thousands of dollars. The suit is just one of the many attacks on the rule that NAMB is taking. We are increasing our lobbyists, marching on the hill and co-ordinating grass roots activities. Fortunately, many donations are already coming in but we need every originator to take a stand now and show the Fed we will not be driven into the ground. Our cause is just and it is right. The Fed is wrong and anti-consumer. Blog is courtest of John Councilman of NAMB. Reposted to spread the word about what is happening in our industry. http://www.linkedin.com/groups/NAMB-File-Suit-Against-Federal-100276.S.44318282 More information on this subject can be found at: http://www.youtube.com/watch?v=bxzyuKufw9Q&feature=email DJ Rondeau Bay to Bay Lending, L.L.C. 501 South Dakota Ave, Suite 2 Tampa, FL 33606 813-489-5562- Office 813-480-6077- Mobile 813-464-2867- Fax djrondeau@baytobaylending.com www.tampafloridamortgagebroker.com NMLS Originator ID: 218498

USDA Mortgages, Home Loan, DJ Rondeau 813-480-6077

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Sun, 20 Feb 2011 03:37:03 -0800

Lowest Interest Rates in Tampa Bay

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Sat, 19 Feb 2011 00:29:27 -0800

Bay to Bay Lending LLC is a wholesale lender in Tampa. Please contact DJ Rondeau for information on getting a rate quote. Or if you have a current offer from a lender please fax it to 813-464-2867 and I will beat their offer! You can also call me on my office line or my cell phone below to discuss the loan programs and rates I can offer. DJ Rondeau Bay to Bay Lending, L.L.C. 501 South Dakota Ave, Suite 2 Tampa, FL 33606 813-489-5562- Office 813-480-6077- Mobile 813-464-2867- Fax djrondeau@baytobaylending.com www.tampafloridamortgagebroker.com NMLS Originator ID: 218498

Interest Rates are so low!

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Fri, 18 Feb 2011 08:20:26 -0800

Interest rates on FHA and Conventional mortgages are at less than 5% on FHA and Conventional 30 Year mortgages! Interest rates are still unbelieveably low!!! DJ Rondeau Bay to Bay Lending, L.L.C. 501 South Dakota Ave, Suite 2 Tampa, FL 33606 813-489-5562- Office 813-480-6077- Mobile 813-464-2867- Fax djrondeau@baytobaylending.com www.tampafloridamortgagebroker.com NMLS Originator ID: 218498

Real Estate Markets Making A Big Rebound

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Tue, 15 Feb 2011 10:13:48 -0800

Real Estate Values are making a serious rebound here in the Tampa Bay market. I have seen a serious uptick in mortgage loan applications. I have not seen this type of excitement and fury to put offers on properties in the past 6 years. There are a ton of buyers making great investments on residential real estate. DJ Rondeau Bay to Bay Lending, L.L.C. 501 South Dakota Ave, Suite 2 Tampa, FL 33606 813-489-5562- Office 813-480-6077- Mobile 813-464-2867- Fax djrondeau@baytobaylending.com www.tampafloridamortgagebroker.com NMLS Originator ID: 218498

Fannie/Freddie to Fail...

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Sat, 12 Feb 2011 00:54:25 -0800

The question at hand by most industry professionals has to do with the future/fate of Fannie Mae and Freddie Mac. There is a lot of talk about the Government starting to phase out the financial support of Fannie Mae and Freddie Mac. The main things being discussed right now have to do with phasing out these two governmentally backed entities. At this point in time any serious discussion of this would seriously damage the current real estate recovery and many believe it threatens the current low mortgage interest rates. This would also force lenders to improve pricing on short term fixed rate programs. Most meetings and conference calls I have participated in during the past couple of days references a 5-10 year phase out period for any type of plans. If this were to happen, lenders would want to raise rates on programs such as 30 Year and 15 Year fixed rate programs as they will not want to lock in their rate of return for that long. This would also require more domestic and foreign investors into an investment arena where currently 80-90% of new mortgages are currently backed by Fannie/Freddie. We would see a transition into much more ARM financing if this were to transpire. There have been conversations out there that say there would be no 30 year fixed rate programs. Perhaps 10 year fixed mortgage loan programs may be safe as with this short of an amortization period, there would be much less exposure for investors since there would be easy exit strategies with these types of loans. On this short of an amortization period the borrower/investor has equity much quicker than a borrower on a 30 year amortization. Let's see what the federal government decides to do with this situaion. DJ Rondeau Bay to Bay Lending, L.L.C. 501 South Dakota Ave, Suite 2 Tampa, FL 33606 813-489-5562- Office 813-480-6077- Mobile 813-464-2867- Fax djrondeau@baytobaylending.com www.tampafloridamortgagebroker.com NMLS Originator ID: 218498

Lender Compensation is Being Targeted - Price Fixing by the Big Banks

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Wed, 09 Feb 2011 22:51:52 -0800

Many industry experts feel that by the federal government restricting lender compensation in a manner as currently proposed is as good as price fixing. The federal government does not step in and tell neither doctors, attorneys, accountants nor any other industry how much compensation they can earn on a transaction. What is going on in the bigger picture is that the big banks are trying to push out small business owners and smaller broker/correspondent lenders from the marketplace; commoditizing this industry. In a perfect world, Wells Fargo, Chase, Bank of America and similar banks would like to have a bunch of "Wal-Mart" type associates taking loan applications for minimum wage. Through this process we are allowing them to fix rates and corporate profits and eliminating flexibility and professionalism in a very high skill profession. I can't begin to tell you the number of clients who come to me after working with one of these "bank" style loan officers and I can see the stress leave their body as they start talking to me. I hear daily, "I am so glad that we met you" or "You know what you're talking about so much more than that loan officer from Bank of America, Wells Fargo or Chase" These clients breath a breath of fresh air when they sit down at my desk and see the type of deal I can give them versus these "big box" style banks. In addition, the level of flexibility that I have versus these lenders with the utilization of YSP(Yield Spread Premium) is far more flexible and I can help so many more clients "close deals." This premium is now disclosed to the borrower and is designed to help borrowers/loan officers in structuring deals and to help support the costs of financing/refinancing/purchasing in situations when closing costs become an issue for the transaction. This process changed in January of 2010, and now the borrowers retain this money. (not the loan officer as in the past) Please see the attached hyperlink and comment/like this article, also please share this article with your friends. The skill of a talented loan officer (MLO - Mortgage Loan Originator) is under fire and the talent at this position will most certainly diminish if we allow the federal government and the big lenders to decide how much money an individual can receive on a transaction. The entire premise of this idea is absurd and the feds need to hear it. Currently the SBA has this legislation under fire as small business owners feel they are being targeted by the big banks and we will not go away without a fight. The idea that businesses can operate at let's say for instance 1% in fees per transaction is ludicrous and simply another way for big banks to control their own destiny. This is only going to allow the larger banks to keep more profit per deal and make it more challenging for the consumer to get the best possible rate/cost on a home loan. The problem is that the federal government is choosing to take the side of the large banks since they are the ones who control so many of our elected politicians through the lobbyists in Washington DC. Please like this article and share it with your friends! http://www.thinkbigworksmall.com/mypage/archive/1/57858/ DJ Rondeau Bay to Bay Lending, L.L.C. 501 South Dakota Ave, Suite 2 Tampa, FL 33606 813-489-5562- Office 813-480-6077- Mobile 813-464-2867- Fax djrondeau@baytobaylending.com www.tampafloridamortgagebroker.com NMLS Originator ID: 218498

Interest Rates On The Rise = Real Estate Values and Profits on the Rise

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Tue, 08 Feb 2011 17:28:34 -0800

All homebuyers and perspective clients interested in refinancing should recognize interest rates are on the rise. The recent successes in the stock market, poor bond market and international speculations regarding the crisis in Egypt and it's possible impact on the global economy are focusing investors cash flows away from the bond market and MBS market; resulting in a selloff in the bond market and a drastic decline in the yield in the treasury market. (Causing higher mortgage rates) Anyone in the market for a mortgage should do their best to get their rates locked in as soon as possible. Many industry experts say that rates will continue to rise as investors are now confident that real estate values have now stabilized. This thought process is echoed even louder as Fannie/Freddie raise their pricing to historic highs. Fannie Mae and Freddie Mac have recently raised their "risk-based pricing hits" and this translates to higher rates and costs to all conventional mortgages. In addition, FHA has recently changed their UFMIP/MIP pricing. They have lowered their up-front funding fee(which is allowed to be financed) and raised their monthly fee, thus allowing them to recognize a higher monthly profit to offset their record high losses. These are all indications that the "powers that be" feel that the real estate market can withstand these higher costs due to the increased demand in real estate now that we have hit rock bottom values. In most regions/zip codes across the country we have seen property values increasing since last summer/last fall and this is getting the federal government more greedy. DJ Rondeau Bay to Bay Lending, L.L.C. 501 South Dakota Ave, Suite 2 Tampa, FL 33606 813-489-5562- Office 813-480-6077- Mobile 813-464-2867- Fax djrondeau@baytobaylending.com www.tampafloridamortgagebroker.com

Best Mortgage Rates

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Mon, 24 Jan 2011 06:22:00 -0800

DJ Rondeau Bay to Bay Lending, L.L.C. 501 South Dakota Ave, Suite 2 Tampa, FL 33606 813-489-5562- Office 813-480-6077- Mobile 813-464-2867- Fax djrondeau@baytobaylending.com www.tampafloridamortgagebroker.com NMLS Originator ID: 218498

Lowest Mortgage Rates in Tampa / St. Peterburg, Florida

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Sun, 23 Jan 2011 03:19:33 -0800

Investors are making a ton of cash on rehabilitating foreclosure homes

DJ Rondeau, FHA VA Loans Tampa - baytobaylending.com (Bay to Bay Lending) — Sat, 22 Jan 2011 02:46:29 -0800

I am working with so many investors right now who are purchasing foreclosure homes and investing a small amount of money and time into the homes to get them up to par with what is selling. Often times interior paint, new appliances, flooring, a few light fixtures, some minor remodeling and minimal landscaping will give a perspective buyer the feel of a new home and the investors a huge profit. Lending guidelines do prevent property values from going up by a certain percentage and if the home does appreciate more than 20% in a 6 month period or by 25% in a 12 month period they may require a second appraisal. Any buyer looking to buy a home like this needs to speak to their lender and find out what specific "overlays" or lender specific guidelines that may come into play for that specific transaction. Some things that are important to look at are, what was the date that the investor purchased the foreclosure property. (date on the deed) Next is what was the purchase price? Then as a worst case scenario, if the property has appreciated by let's say, 100% in only 4 months and it's because of a major renovation then things such the prior appraisal/pictures would have to be provided to the new lender in addition to invoices and receipts to substantiate the steep increase in value. It can be said that lenders will be much more precautious this go around than they were during the real estate boom of the early 2000s. DJ Rondeau Bay to Bay Lending, L.L.C. 501 South Dakota Ave, Suite 2 Tampa, FL 33606 813-489-5562- Office 813-480-6077- Mobile 813-464-2867- Fax djrondeau@baytobaylending.com www.tampafloridamortgagebroker.com NMLS Originator ID: 218498