rural housing mortgage: What Makes a Loan Officer a Success? - 07/10/09 05:16 PM
I am being interviewed for a podcast that will be on iTunes this coming week and the subject is "What Makes a Loan Officer a Success".  Having pondered this, I have concluded that two traits are needed: knowledge and involvement.
While trying not to appear demeaning, all of us can market, learn to market, or hire someone to do our marketing for us.  However, unless and until we know what it is that we are marketing, even the best marketer will be scrambling to make their car payment or keep their cell phone on!
In these days of ever-changing guidelines, it is … (6 comments)

rural housing mortgage: It's Official - USDA Rural Housing Increased Income Limits to go Into Effect April 20, 2009!!! - 04/08/09 02:58 AM
USDA Rural Development has confirmed that the proposed change in the income limit structure for the USDA Guranteed Rural Housing Program will be implemented as planned on April 20th!  This will allow a lot more people to qualify for one of the only 100% financing programs left, and certainly one of the only ones that allows you to include closing costs in the mortgage (if supported by the appraisal)!
 
In summary, the current income limit structure that is based on household incomes will be restricted as follows: 
Okaloosa County:
Household of 1-4 persons in it: Max Gross Income of $72,650
(3 comments)

rural housing mortgage: The Stimulus Package - 02/13/09 10:31 AM
Today may be the day that the American Recovery and Reinvestment Act of 2009 (aka the Stimulus Package) is passed; the Senate is voting on it right now.  It is anticipated that it will be on President Obama's desk to sign into law this weekend.  While we don't have all of the information about this Act, here are some highlights: 
Contains a record-setting $10.472 billion in funding for the USDA Guaranteed Rural Housing Program to insure Rural Housing mortgages.  These funds are in addition to funds the program has already received through the Continuing Resolution, as well as additional funding expected … (1 comments)

rural housing mortgage: Choose the Right LOAN OFFICER, as well as the right Lender. - 10/20/08 12:50 PM
 

While it may be tempting to choose a loan officer and lender strictly based on the lowest-quoted interest rate, it is recommended that the decision be prioritized by a different standard - their reputation. As the loan officer to provide you with testimonials from past clients, as well as ancillary-related professionals (you can see mine here). Google your prospecitve loan officer's name and see what type of information that they are contributing to help buyers and sellers and Realtors®. (It is suggested you google the first and last name of the loan officer, the word "mortgage" and the city … (0 comments)

rural housing mortgage: Florida Real Estate Foreclosures: Inflated Facts or Fiction?? - 10/19/08 03:05 PM

Florida has gotten the reputation for being "the foreclosure capital of the nation".  What they don't tell you is that the basis of this "fact" is the the Lis Pendens filing, which is the first step in the foreclosure process.
A Lis Pendens is file and it can take 6, 8, 12 8, and even 24 months in some cases to actually get to foreclosure.  During this time (after the filing of the Lis Pendens and prior to the foreclosure), many of these properties are being sold (either as a short sale or a regular sale), or some of the … (3 comments)

 

Sue Botelho

USDA Rural Housing Mortgage Pro

Fort Walton Beach, FL

More about me…

Waterstone Mortgage Corporation

Address: 2 Park Circle, Suite A, Ft. Walton Beach, FL, 32548

Office: 8(503) 626-9012

Mobile: (850) 797-7946

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