It has been said that offers to purchase are stronger if you have a Pre-approval. Pre-Qualifications are weaker because it is based on conversations only with the buyer. But what if you have a Pre-approval and you find out it was only based on a conversation not verified information? I just received a call from a Realtor that had received a Pre-approval from a bank, wrote the offer, got it accepted to find out it was only based on a verbal conversation and they did not qualifiy. Beware and you may want to check it out first. Buyer's don't understand the … (0 comments)
michigan: Multiple offers! FHA having a hard time getting accepted? Try this...
- 03/25/13 05:20 AM
Excited about finding their dream home and ready to write the offer. One day on the market and 10 showings. Sound familiar? You write the offer and you are 1 of 6 that day. Your's is FHA 3.5% down and it does not make it. Seller is a little nervous in case the appraisal is low. Conventional WON! How many times has that happened to you and your borrower? How about a 3% Conventional Mortgage? Now that is what we are talking about. It is a great alternative. 3% down, 680 or above credit scores. So when … (2 comments)
michigan: TAKE A BREAK! THE FUN STUFF. FILL IN THE BLANK!
- 02/19/13 04:39 AM
OK let's play hooky for a few minutes. You know put the sign out Gone Fishin'. Chill out. No political stuff, no real estate, no mortgage stuff just have fun with it.
Here we go!
FALSE ______________________!
My answer is FALSE TEETH! … (4 comments)
michigan: 5 things to consider during a divorce pertaining to your martial home.
- 08/02/12 01:15 AM
1. The Martial Home When a martial home is involved in a divorce, you should think, “What is my objective for this crucial asset?” Will it be sold, refinanced, or retained at this point? Keep in mind when both people are on the mortgage, the only way someone is removed from this liability is to either refinance the mortgage, or sell the house and pay it off. 2. Can I qualify for my own mortgage if I am still on the original note? You should be able to qualify as long as the payments are current through the … (2 comments)
Many people ask how they can purchase a home without using all of their savings in today's market. Michael Cauley a Certified Mortgage Planner, explains the options you have as well as all the benefits that the FHA loan has to offer today and in the future. Assumable mortgages in the years to come will set the stage to make homes on the market very attractive. This interview explains the advantages of selecting the proper financing for your purchase today. Great advice for everyone purchasing. Listen to this interview. http://preview.tinyurl.com/7ayzlnk Natalie DeLeo
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michigan: 1 of many reason I love living in Michigan. Peace and tranquility. Where do you find peace and tranquility?
- 08/06/10 07:38 AM
The Northern Lights in Michigan are breathtaking. If you have not been here you have to visit. If you are thinking of living here this is one of many reasons to live in Michigan. Beautiful Northern Lights just light up the sky's in Michigan. Where are your favorite place that give you the feeling of peace and tranquility. Please share your favorites.
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michigan: Some banks are now creating their own guideline to the 90 Day Flipping Wavier. Beware if you have one.
- 03/19/10 06:55 AM
We have just seen a change that some of the banks are enforcing. The FHA flipping rule that went into affect on 2/1/2010 states that if a seller lists and sells a house before 90 days of him purchasing the property and he sells it for over 20% of the seller's acquisition cost. The bank will require 2 appraisals as well as an inspection of the property. We just complete one and it did go well. However, be aware that some banks starting Monday 3/22/2010 will not accept a purchase agreement with a sales price of more than 20% of … (1 comments)
michigan: You would never go on a trip without a map. Don't start 2010 without ........
- 01/05/10 07:12 AM
.........clear vision of how 2010 is going to look. What did you learn in 2009 that you can apply to 2010 to make it a better more productive and more organized year. Most people find that one of their top goals set for 2010 are: 1. Be more organized 2. Make more money/ more transactions this year. We have all set goals like these at one time or another. Have you achieve these such goals before or do you keep resetting the same goals? Are you tackling the goals the same way as the previous years? Here are … (4 comments)
michigan: Believe it and it is yours!!!!
- 03/04/08 04:12 AM
If you believe in yourself, you can make it happen. That's all you need is the confidence to believe the you have the knowledge and no how to make a difference. Butof course the willingness to follow through on whatever needs to be done on your part is crucial. If we do not take it upon ourselves to open all the doors of opportunities that are put before us, we will miss them. Just think if we miss it, it could have been that one answer to a clients question, that one program that is now no longer there for the client, or if we … (3 comments)
michigan: Wow! The Federal Reserve has opened up a huge door of opportunity for us! If you are thinking, "yeah, soon now my wallet will be bursting at the seams:, let me elaborate......
- 01/29/08 10:06 PM
Today is a day of opportunity--opportunities to educate our clients and referral partners. This may seem boring or mundane to some, but to those who have consistently made education a vital part of their business, it is most exciting! Education remains the most important aspect of any business, because in doing so, we give our clients the information they need for making decisions today, and the information that will continue to provide a solid foundation for them for years to come. A client with a solid financial future is a happy client, who will refer you to friends, and who will … (6 comments)
A place to share your day's challenges & your success stories. Business partners coming together to work on building trusted relationships. Finding the solutions to the everyday changes of the real estate and mortgage industries.
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