RECENT BLOG POSTS
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So Friday we were closing an FHA Section 184 Indian Benefits loan and the conditions had all been met and sent in by the Title company and it is time for checks and keys to change hands and....funds wouldn't release. We called everybody up the chain of command and couldn't get any answers. What...
03/05/2013
There are plenty of them out there. All FHA loans are assumable if the buyer can qualify. The VA loan is assumable if by another veteran. Even USDA rural housing and 184 Indian Benefit loans are assumable, if the borrow and the property qualify. We are all told Conforming Mortgages are non-as...
03/04/2013
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Beware of Danger. When I was a kid my brother and I used to ride our big wheels up and down the driveway and sometimes beyond,encroaching the street and thereby terrorizing the neighbors. You see, before we had moved in, another child, while riding his big wheel, had been hit by a car. The ...
03/04/2013
33
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A realtor working on a remodel asked me, “Does not having a bathtub in a home de-value the home and/or prevent any type of financing?” I scratched my head. There is nothing in the underwriting guidelines about the absence of bathtubs. So I posted on Facebook. I made some calls. And I took t...
03/01/2013
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Yesterday, a client called to discuss his life change. He straight up asked me, "How will a divorce affect my credit?" Well, here is what was told to me around the kithcen table: When you obtained credit, you and your spouse engaged in a contract agreeing to pay the creditor. A divorce decree d...
02/26/2013