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203k Made SIMPLE? Yes, for your clients..........
I thought this had so much great info. I wanted to share it. Thank you to the author Colleen Craig for sharing her knowledge with us. 
203k MADE SIMPLE?
Ok, maybe not, but I will attempt to make it as simple as possible for the client to understand and want to read on.  For many of us in the business who are " in the know"  we forget that we need to go back to the basics and spell it out in simple terms for others to understand.  So I've compiled some information based on my most recent commonly asked questions just this week.
In Southern California, FHA loans were just not utilized over the past 10 or so years because of the FHA Maximum Mortgage limits  But now that the limits have been increased and the prices have decreased, FHA loans have become the most utilized loan in recent months.  HOWEVER, because it was not a popluar loan, you would be amazed at how many lenders/brokers do not know what they are doing.  Especially when it comes to the 203k loan.  I spoke to a client today that was given such mis information it made me cringe. 
                                            
 Apparently they told the client that 203k loans were no longer ... more

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