Category: Best Mortgage Q & A Ever!
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Transparency in lending how important is it to our customers?
As a leader in the Florida Mortgage Broker Business we feel it becoming one of the most important factors to our mortgage and real estate clients. Our industry is struggling through a several year process of implementing new rules and regulations passed way back in 2008. You can learn more about regulations at the NMLS…
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What it Takes Home Mortgage Loan Approval – Income
This will be the first article in our new section “What It Takes To Close A Home Mortgage Loan” While researching home ownership, home loan approval, various mortgage guidelines you’ll notice many articles that just do not seem to make sense in today’s marketplace. That’s because they do not. Many webmasters do not update…
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How tough is FHA manual underwriting?
It’s freaking brutal….but so is all underwriting right now. Remember the underwriters’ job is to assess risk and uncover any reason NOT to make a loan. The best way to get through underwriting any home mortgage loan other than private hard money (that’s still super easy) is to be prepared with all of the paperwork…
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I have bad credit, a free and clear house – Looking for a small mortgage loan – Can you help?
This is one of our most popular questions and the answer is YES if……..your free and clear property is in Florida. We have an endless supply of private money available to lend in Florida. You can borrow up to a little more than half your house’s fair market value. The next part of this question…
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580 Credit Score Mortgage Guidelines How to Get Approved
Our exclusive low credit score FHA loan program can be used to purchase or refinance any home. Many improvements have been made to this Automated or manual underwriting FHA program. Minimum credit score home loan reduced to 560 with a 10% down payment. With a 580+ credit score you’ll only need 3.5% down. Florida Buyers and borrowers…