Archive for September, 2010

On Demand Video

How to Screen Tenants from A to Z 

 

 

 

ODV On Demand Video

How to Increase Cash Flow

 

 

 

 Real Estate Website Basics

 

 

 

NEW Resource Makes Your Life Easier – Both Business and Personal and Best of All, IT IS FREE!

You have got to check out this great resource. I use it in my business and personal stuff.

Click on this link to get yours today for free!

http://bit.ly/MakeItEasyForMe

Fire back and let me know…

I’m making a short video to show you exactly how we use this in our business.

Dan, my lead maintenance guy, discovered this and turned it on. I did not have a clue about it or how it worked. Yes, i had heard of it, but did  not understand it. Odds are, you are probably the same..

http://bit.ly/MakeItEasyForMe

 This just in:

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Summary – FHA Guidance on Minimum Credit Scores and LTV Requirement

 
In accordance with the final Federal Register Notice [FR-5404-N-02] on minimum decision credit scores and LTV ratios for FHA-insured single family mortgages, the new requirements are 
Borrowers with a minimum decision credit score at or above 580 are eligible for maximum financing. 
 
Borrowers with a minimum decision credit score between 500 and 579 are limited to 90 percent LTV. 
 
Borrowers with a minimum decision credit score of less than 500 are not eligible for FHA-insured mortgage financing. 
 
Borrowers with a non-traditional credit history or insufficient credit are eligible for maximum financing but must meet the underwriting guidance in HUD 4155.1 4.C.3. 
 
Borrowers using 203(h), Mortgage Insurance for Disaster Victims, are eligible for 100 percent financing and no downpayment is required, provided that the borrowers have a minimum credit score of 500 (borrowers with decision credit scores below 500 are not eligible for FHA financing). 
 
These new requirements are applicable to all Single Family programs except Title I, Home Equity Conversion Mortgages; HOPE for Homeowners; Section 247; Section 248; Section 223(e) and Section 238. 
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