Mortgage Loan Officer NMLS 545194 Sherman Oaks, CA
Good Morning Realtors, Homeowners and Active Rainers alike!
I wanted to create a brief blog regarding the “slowness” of business during the holiday season, and how we can not only avoid that “holidays are slow” excuse, but defy that idea all together.
Instead of jumping on the “holidays are slow” train, why not DO what everyone else is NOT DOING at this time of year… WORK, STAY FOCUSED, and ASK FOR THE BUSINESS.
Here are a few basic ideas to continue the momentum … (1 comments)
Lending Guidelines - Equity Requirement on Departing Residences in order to Count Rental Income for Qualifying Purposes
Did you know that if you are departing your primary residence or home, and are planning to purchase a new primary home, that you will need to have 30% equity in the departing residence in order to use rental income from that house to increase your purchasing power for your new home loan qualification.
Without this 30% equity, you will have to qualify for not only the new mortgage, but the … (1 comments)
The Federal Housing Finance Agency (FHFA) announced just days ago that the maximum conforming loan limits for 2013 are to remain unchanged from 2012. Who is FHFA and how do they relate to Fannie Mae and Freddie Mac? · The Federal Housing Finance Agency is the institution governing Fannie Mae and Freddie Mac. Fannie and Freddie’s sole purpose is to “expand affordable housing” and “bring global capital to local communities to serve … (4 comments)
In today’s topic I want to get perspective and understand what you borrowers look for (specifically) when you “shop” around Banks and Lenders for a mortgage / home loan? What exactly are you shopping for?
The lowest interest rate? The Lowest Closing costs for the loan? The Most Savings on your Monthly Payment? The ability to close fastest? Your loan officer communicating with you and building … (1 comments)
Good Evening Realtors, Loan Officers, and Sales Professionals Alike:
Have you put any thought.. or started to think about your 2013 Business Plan?
When we think of business planning, most of us either don’t want to spend the time to think it through, don’t have set goals to work around in the business planning, and ultimately shy away from the task of creating a Business Plan.
The main reason, if you ask me …is because most of us OVERCOMPLICATE the … (5 comments)
As a continuation to my first post EVER on ActiveRain entitled "FHA Streamline Refinances," I would like to highlight a few more tips of information for you Homeowners who currently have an FHA LOAN, and are not sure if you are eligible to REFINANCE:
What is an FHA Streamline Refinance? The FHA Streamline Refinance Program allows homeowners who are “underwater” on their mortgage loan… AKA have NO EQUITY in the property to refinance their FHA loan to lower the monthly payments and interest rate on their … (2 comments)
prospect mortgage: Prospect Mortgage Loan Officer - Shaida Tafreshi
- 10/28/12 09:56 AM
As a loan officer working with Prospect Mortgage, a direct lender, I am lucky enough to have the ability to fund loans in house, all while having the choice to broker deals out to other big banks and direct lenders who have niche products that are DEAL SAVING alternatives to the standard guidelines and regulations set by Fannie Mae and Freddie Mac. Most lenders and banks have niche products that only they can do "in house"... and having the ability to utilize these niche programs as well as our own, allows Prospect Loan officers like myself to have a wider range of program options for borrowers. … (2 comments)
prospect mortgage: First Time Homebuyers - Don't Just Check On The Rate!
- 10/13/12 07:30 PM
Shaida Tafreshi - Prospect Mortgage, LLC - Loan Officer - Los Angeles, CA First Time Homebuyers - Don't Just Check On The Rate! Great post for First Time Homebuyers and Veteran Investors as well!! Getting the best price does NOT simply mean getting the lowest interest rate. Rates are going to be what they are, as they are based on Mortgage Backed Securities. You can go from bank to bank and lender to lender to find the best rate, but ultimately that is only a portion of the total cost of financing. There are many factors to consider when choosing a loan officer, as not all … (2 comments)
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