Mike's 203k Blog

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Home Inspector - 203kOnLine.com, covering the USA - S0289
203k loans, the hottest renovation loan product on the market. Offering quick closings on homes that require repairs.

ARCHIVED BLOG POSTS

2009 

It doesn't matter what type of loan you are trying to get. Most of them have similar requirements as far as the information they need to process. I hear daily of horror stories about how long it takes one lender or another to close a loan. If you are really serious about getting a mortgage loan a...
12/25/2009
I have had several real estate professionals ask me this week about becoming a 203k consultant for the 203k. Would it be a conflict of interest? It is more of a disclosure thing I would think but if you were worried about a conflict then merely step back and call for a "plan review" at the approp...
12/23/2009
Wells Fargo is the champ at the moment. I'm seeing contractor draw payments in 2-3 days. Prospect Mortgage is going to start making the first draw on a streamlined 203k at close of escrow in January... they are already one of the largest 203k lenders in the nation. That will move them strongly in...
12/23/2009
Prospect will be making the first draw on Streamlined k loans after the first of January. No more waiting 90 days for the first draw from that other lender. That is correct. My last streamlined k with the other lender was 90 days to get the first half of the money to get the contractor started......
12/10/2009
Hey guys. I have been very lucky to meet (on the phone) with a couple of the renovation draw people at Wells Fargo draw disbursement center... Maria and Mary who I am utterly impressed with. They are very good to deal with and have made it a pleasure to work with that team. I'm sure there are oth...
12/10/2009
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Mike Young

FHA 203k Consultant 916-758-1809
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