mortgage: 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)
mortgage: 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.
Left and right more people are taking the easier road if it is really easy and leaving their homes behind. I spoke with an agent that knocks on people's doors on behalf of the lender and offers 2,000 to 4,000 for them to leave now so that they don't destroy the home. Would you take the offer or would you ride it out to the end and them move? It seems so unreal that our conversation's day in and day out, on the TV & on the radio are about leaving our responsibilities behind us. Understandability people have had pay … (7 comments)
mortgage: Major changes on the horizon for FHA and purchase mortgages are effected.
- 01/20/10 07:13 AM
Just 3 weeks after the end of a historical year in our industries now on January 20th I get an email that states: FHA Commissioner David Stevens held a press conference to announce continued fundamental procedural and future legislative program changes. 3 critical priorities: * Produce adequate capital reserves to meet the 2% requirements * Insure the change do not disrupt the housing market * Do not disrupt the ability to support the under-served markets. The commissioner announced four specific areas of change: 1. The front end MIP will be increased from 1.75% to 2.25%. The change will be announced 1/21/10 … (0 comments)
mortgage: We have an Active Rain Group on Linked In. Are you on Linked In?
- 10/31/09 05:54 AM
Everyone everywhere looks for place to go and share experiences and also looks for places to go to bounce off ideas. Everyone's goal is to make the world a better place. Let's do it here as well as Linked In. We now have a large group of active members that have joined Linked In and it would be awesome to start sharing with Linked In members the knowledge and the talent of the Active Rain Members. For those that are not familiar with Linked In we are a group of 2,003,700 business professional in all businesses. It is national and international as well. We have … (9 comments)
mortgage: 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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