tag:blogger.com,1999:blog-2166366320251384462024-02-21T23:09:59.250-08:00Mr. Will from Jacksonville and the Mortgage MinuteWe are a Mortgage Broker/MLO that has been in the Mortgage Business for nearly 3 decades.
We are a former CMPS graduate and a student of the Mortgage Business. Our goal is to help our clients in the financing decisions and their long and short term equity objectives.Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.comBlogger211125tag:blogger.com,1999:blog-216636632025138446.post-30635909549677140872019-01-28T09:47:00.001-08:002019-01-28T09:52:25.704-08:00Some debt does not count with less than 10 months remaining. My debts that don't count when applying for a Mortgage. More call🏡 904-298-3015<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibGMPyPwA1ag35g-rpR9NUUvmUCGSaopm2xQKGyfe7YpJODifBTkfGPKZsH9e17Cl70wbUFAQd54YJc9NPQenrN_FyWI9y50v5QOFFXQm5rKUtkQriBbGMgIRlIJcxMmDa-zLiVY4E6Avz/s1600/Debt+under+10+months+does+not+count+in+you+debt+ratio.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="864" data-original-width="980" height="282" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibGMPyPwA1ag35g-rpR9NUUvmUCGSaopm2xQKGyfe7YpJODifBTkfGPKZsH9e17Cl70wbUFAQd54YJc9NPQenrN_FyWI9y50v5QOFFXQm5rKUtkQriBbGMgIRlIJcxMmDa-zLiVY4E6Avz/s320/Debt+under+10+months+does+not+count+in+you+debt+ratio.png" width="320" /></a></div>
<a href="http://c2cmortgage.com/will" target="_blank">my web page </a>Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-84747022428447784962019-01-10T19:45:00.001-08:002019-01-10T19:52:10.232-08:00Selling your home why reduce the price reduce the rate and net more 3 to 1 or more. This can save those sales that are worth the price, however it is a payment thing. <div class="separator" style="clear: both; text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiFYbWvAbWVeQTp8v6wqDbrCiZ57XT072aQBIO8pOIx1VA1LxMpBQzVFsZvrxwWMUUIEfXc9XZ93bb_1JSkCqNxqGWxo7P9P239d41vFq5yf6Bj0L5zOZDPfv1noJe5dY2nfLEzx_kWJxI/s1600/Will+2018+December.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1584" data-original-width="1161" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiFYbWvAbWVeQTp8v6wqDbrCiZ57XT072aQBIO8pOIx1VA1LxMpBQzVFsZvrxwWMUUIEfXc9XZ93bb_1JSkCqNxqGWxo7P9P239d41vFq5yf6Bj0L5zOZDPfv1noJe5dY2nfLEzx_kWJxI/s320/Will+2018+December.jpg" width="234" /></a></div>
<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/Ul2Tt730EL0" width="480"></iframe>Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-42883424338588702972019-01-03T18:45:00.001-08:002019-01-03T18:45:21.994-08:00<div class="" data-block="true" data-editor="62bmr" data-offset-key="ksf6-0-0" style="background-color: white; color: #1d2129; font-family: Helvetica, Arial, sans-serif; font-size: 14px; white-space: pre-wrap;">
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<span data-offset-key="ksf6-0-0" style="font-family: inherit;">Rates are every where as to the shut down and the bickering about the wall, and Tariffs</span></div>
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<span data-offset-key="alsb2-0-0" style="font-family: inherit;">More tomorrow.</span></div>
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<iframe width="320" height="266" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/t9TEDXslWc0/0.jpg" src="https://www.youtube.com/embed/t9TEDXslWc0?feature=player_embedded" frameborder="0" allowfullscreen></iframe></div>
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<span data-offset-key="alsb2-0-0" style="font-family: inherit;">Till then take a peek </span></div>
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Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-65086696034905836092018-12-27T09:52:00.001-08:002018-12-27T09:52:35.494-08:00The Mortgage Process and the forms needed mlo #225332<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/fFTtnvlfAoA" width="480"></iframe>Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-53088055347991373062018-12-26T09:34:00.001-08:002018-12-26T09:34:17.417-08:00May your Day's be Merry and Bright for 2019<br />
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<span style="color: #323232; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">"The greater your fears and doubts, the more the need for
<span style="background-color: #f1c232;">faith and action</span>. No amount of fear can overcome the right state of mind"</span><span style="color: black; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></div>
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<span style="color: #323232;"><span style="font-size: 12pt;">Have a productive year ending and great </span><a href="https://drive.google.com/open?id=1QkQvsXr0S61r23Od_h4OjDn3vZh3PDQs" target="_blank">achievements</a><span style="font-size: 12pt;"> in 2019.</span></span></div>
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<br />Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-33084853716998739772018-12-26T06:18:00.000-08:002018-12-26T09:40:38.808-08:00Fed chair won’t matter in 2018 – expect to see 4 interest rate hikes<a href="https://www.housingwire.com/articles/41675-fed-chair-wont-matter-in-2018-expect-to-see-4-rate-hikes#.WfsbJqmk69k.blogger">Fed chair won’t matter in 2018 – expect to see 4 interest rate hikes</a><br />
<br />
That was last year what will happen in 19'<br />
A new fed Chair?<br />
More rate hikes?<br />
Donald Trump?????Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-57895375486922727892018-12-20T13:41:00.000-08:002018-12-20T14:14:54.847-08:00Christmas 2018<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKxtUMzcXPotvZEqEZRdf9mjmkGJ6mwEo5p-frAXkSJSOueutZ4lIvXVI_F4mYWz2OdrLLo1mB1p34maWBsx8K5lh60wJSoBXDyQ_XjMs34UysfWCFn3oyY-q912QErwXch-s3regArFdl/s1600/Will+and+Gayle+Christmas+2018.bmp" imageanchor="1"><img border="0" data-original-height="731" data-original-width="1432" height="163" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKxtUMzcXPotvZEqEZRdf9mjmkGJ6mwEo5p-frAXkSJSOueutZ4lIvXVI_F4mYWz2OdrLLo1mB1p34maWBsx8K5lh60wJSoBXDyQ_XjMs34UysfWCFn3oyY-q912QErwXch-s3regArFdl/s320/Will+and+Gayle+Christmas+2018.bmp" width="320" /></a><br />
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From my family to yours during the <a href="https://youtu.be/ac8FViTHvPQ"><span style="color: red;">Christmas</span></a> and New Year holiday,
Buckle up for much success in 2019.
Mr. Will and Gayle Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-57079726618462312222016-10-19T09:36:00.001-07:002016-10-19T09:36:16.872-07:00announcement-change-rates-hike-coming?<a href="http://nationalmortgageprofessional.com/news-ticker/%5Bmm%5D/%5Byy%5D/announcement-change-rates-hike-coming?utm_source=MadMimi">http://nationalmortgageprofessional.com/news-ticker/[mm]/[yy]/announcement-change-rates-hike-coming?utm_source=MadMimi</a>Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-85821565168074313162016-09-23T09:50:00.002-07:002016-09-23T09:50:41.938-07:00Chapter 7 Bankruptcy and my Mortgage was included!!<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyeAUE8lcWu4L9B5WnP4dQnTen5n_C2icf2QYhrpPvkwV3xjvJD3OsClTaNlcQCfY45R8MOWx5WgRgcUrWYIine28WIedBS_UhZfeaiAOdU4COUgRKoKF_E7E6YSlr6GDS4oVfIM7vqHoe/s1600/equal+housing+logo+only+2016-09-22_16-58-57.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyeAUE8lcWu4L9B5WnP4dQnTen5n_C2icf2QYhrpPvkwV3xjvJD3OsClTaNlcQCfY45R8MOWx5WgRgcUrWYIine28WIedBS_UhZfeaiAOdU4COUgRKoKF_E7E6YSlr6GDS4oVfIM7vqHoe/s320/equal+housing+logo+only+2016-09-22_16-58-57.jpg" width="320" height="266" /></a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlDohmnyAc6paOCEog7tlCbPtPWAwXJX4re5StJVcEeZL_p4VPklHzI7CCEZonQDxOuJdu1ZM5zq2h4PKw6Y7vw20IqhnqJ1zxPsaUsLIBFiCacVsRB4FXjThc5i325JlPx7zvtEYJ0e-c/s1600/Logo+Prodigy+simple+status.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlDohmnyAc6paOCEog7tlCbPtPWAwXJX4re5StJVcEeZL_p4VPklHzI7CCEZonQDxOuJdu1ZM5zq2h4PKw6Y7vw20IqhnqJ1zxPsaUsLIBFiCacVsRB4FXjThc5i325JlPx7zvtEYJ0e-c/s320/Logo+Prodigy+simple+status.png" width="320" height="74" /></a></div>
Ever wonder about why you couldn't refinance your home loan within the guidelines 3 years for FHA and 4 years for FNMA and Freddie MAC.
Well lenders will not release the mortgage liability at the same time as the Bankruptcy discharge date.
Want to know more?
Give us a call.
Will A. Rudloff
Loan Professional
NMLS# 225332
Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-12256610029161641002016-08-12T10:01:00.001-07:002016-08-12T10:03:27.728-07:00Why a Mortgage Broker??Maybe <a href="http://findamortgagebroker.com/">this<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGkyA6fJ4kQb-ImE14EEDBbxjf-nffW1lbaQT7JZN7CfvyDOgDvglWhi0uu7DBnx_qoelrrALr6_ugM3lANopFPWiQ3CZ438O9dplNjorlXUalkVWrL3i3uQkShcH6hb6VuAG8lb8DwrmZ/s1600/House+made+of+Money+10-1-2013+5-09-08+PM.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGkyA6fJ4kQb-ImE14EEDBbxjf-nffW1lbaQT7JZN7CfvyDOgDvglWhi0uu7DBnx_qoelrrALr6_ugM3lANopFPWiQ3CZ438O9dplNjorlXUalkVWrL3i3uQkShcH6hb6VuAG8lb8DwrmZ/s320/House+made+of+Money+10-1-2013+5-09-08+PM.jpg" width="320" height="149" /></a></div><a href="http://findamortgagebroker.com/"><a href="http://findamortgagebroker.com/">
</a></a></a> <a href="http://findamortgagebroker.com/">will help 904-298-3015</a>Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-27583921195074885012016-08-12T09:57:00.001-07:002016-08-12T09:57:32.213-07:00Why a Mortgage Broker??Maybe this will <a href="http://findamortgagebroker.com/">help</a>
<div class="separator" style="clear: both; text-align: center;"><a href="https://4.bp.blogspot.com/-KV6g-eoVV_I/V63_53yH9sI/AAAAAAAABRw/BJqHfMIr-dg_q3xoN0wyUiRuj_jrJsAPACLcB/s1600/House%2Bmade%2Bof%2BMoney%2B10-1-2013%2B5-09-08%2BPM.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://4.bp.blogspot.com/-KV6g-eoVV_I/V63_53yH9sI/AAAAAAAABRw/BJqHfMIr-dg_q3xoN0wyUiRuj_jrJsAPACLcB/s320/House%2Bmade%2Bof%2BMoney%2B10-1-2013%2B5-09-08%2BPM.jpg" width="320" height="149" /></a></div>Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-58828132587222435482016-07-19T13:32:00.000-07:002016-07-19T13:32:01.944-07:00Owning Beats Steep Rents Sometimes Owning Beats Steep Rents
Many renters would be better off buying a home than continuing to pay steep rental costs, finds a new study. The monthly payment on a median priced home is more affordable than the monthly fair market rent on a three-bedroom property in 76 percent of the U.S. counties, according to RealtyTrac’s Residential Rental Property Analysis, which encompassed 461 counties nationwide with populations of at least 100,000. Overall, Researchers found that fair market rents represented 28 percent of the estimated median household income, while monthly house payments on a median-priced home – which included a 10 percent down payment and property taxes, home insurance, and mortgage insurance – represented 24 percent of the estimated median income.
“From a purely affordability standpoint, renters who have saved enough to make a 10% down payment are better off buying in the majority of markets across the country,” said Daren Blomquist, vice president at RealtyTrac. Of the 461 counties analyzed, 351 had house payments on a median-priced home in the first quarter of this year that was lower than fair market rents on a three-bedroom home.
Source: <b>RealtyTrac
</b>
Note: This study did not necessarily take into account the fact that a portion of the mortgage payment goes to reduce the principal on the loan, building equity for the homeowner--while the entire rent payment goes to the landlord. Want to see how principal reduction, tax benefits and inflation affects the comparison? <b>Contact us for an example<i></i></b>--and a free individual analysis. Mr. Will 904-298-3015 <div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-_obLChRsy5Q/V46OMyWOxLI/AAAAAAAABRI/sDCkaXFNaMMZghXp-wEN4rX1cQbxOuzQACLcB/s1600/ProdigyLogoColor_JPG%2B%25282%2529%2B%2528640x158%2529.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://1.bp.blogspot.com/-_obLChRsy5Q/V46OMyWOxLI/AAAAAAAABRI/sDCkaXFNaMMZghXp-wEN4rX1cQbxOuzQACLcB/s320/ProdigyLogoColor_JPG%2B%25282%2529%2B%2528640x158%2529.jpg" width="320" height="79" /></a></div>
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Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-24672653121326604872016-07-12T12:23:00.000-07:002016-07-12T12:24:52.132-07:00Sellers Market and good to know From time to time we see information from our Lenders that we like to share hope this is helpful.
Mr. Will
<a href="http://willrudloff.com "></a>
Economic News
Consumer & Realtor Corner
This news is designed to help you by providing information that will be helpful to provide to your previous clients and other segments of your sphere. Feel free to forward these to your database, post on blogs, websites and more.
Winning in a Seller’s Market
In a seller's market, home buyers need to be willing and able to act fast to snag the home they want. This summer, areas across the country are facing a limited number of homes for sale. Realtor.com® offers up a cheat sheet for surviving a seller's market.
• Be on call. "If you're only looking now and then when it's convenient, you're probably wasting your time," says James Malmberg, a real estate professional in Sherman Oaks, Calif. He suggests treating house hunting like job hunting. If someone calls with a lead, follow up promptly to gauge whether it could be a good fit and don't linger.
• Bring the paperwork. To be taken seriously, buyers would be wise to get a mortgage pre-approval letter as well as a "proof of funds" form from their bank to show they have enough to cover a down payment. They'll be able to act quicker when they do find the right house.
• Limit the contingencies. In a seller's market, buyers may need to drop some of the contingencies to score the house. Sellers prefer the fewest number of hurdles to closing as possible. If your buyers come in with several contingencies — such as "if" they secure financing — the sellers are more inclined to bypass their offer and take another with less hassle. Also, "don't waste your time low-balling a seller," advises Sean Kelley, a real estate professional with Howard Hannah in Pittsburgh, Pa. "Always put in an aggressive offer."
• Cast a wide net. Search for homes outside prime locations if faced with limited or high-priced choices. Buyers need to carefully consider what they're willing to compromise on. "Sometimes properties sit, even in a seller's market, because of a problem that is scaring other buyers away," such as some renovation work that may need to be done, Malmberg says. Those "flaws," however, might not be a big deal to your buyers. "Finding a house this way can also cut down on the amount of competition you will face," Malmberg adds.
Source: realtor.com®
_____________________________________<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKBq04z1SpWGQPRZ20Gfc3DHDP0oiiG7I9cdNTzndcbSRFwogHdzOKRuy0t094w_7Q6rTqs-YhvYqFZGS1ipZss1czTzrjnSxRh4vQvCrjHQZW228eO2QU_Fqh83W3voCaNis163z_hWXe/s1600/ProdigyLogo+AUG+2014_JPG+%25283%2529+%252850x50%2529.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKBq04z1SpWGQPRZ20Gfc3DHDP0oiiG7I9cdNTzndcbSRFwogHdzOKRuy0t094w_7Q6rTqs-YhvYqFZGS1ipZss1czTzrjnSxRh4vQvCrjHQZW228eO2QU_Fqh83W3voCaNis163z_hWXe/s320/ProdigyLogo+AUG+2014_JPG+%25283%2529+%252850x50%2529.jpg" width="320" height="79" /></a></div>Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-35528201443203279902016-07-06T14:59:00.000-07:002016-07-06T14:59:37.938-07:00Homeowners and Buyers to Benefit<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJee_OyehHQcHQpuDEAJ0Cd0cNjDkmVtbz8CUIewLfaHmgN2Y0XETmPuSXMusQfChSTLUsDduFPV967rlO14Ho6eUDG2IckN4mJII54NSOy-TTcmS-9PU9NO2UaDrZEldYQCNxYXuJ5BTK/s1600/Logo+Prodigy+simple+status.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJee_OyehHQcHQpuDEAJ0Cd0cNjDkmVtbz8CUIewLfaHmgN2Y0XETmPuSXMusQfChSTLUsDduFPV967rlO14Ho6eUDG2IckN4mJII54NSOy-TTcmS-9PU9NO2UaDrZEldYQCNxYXuJ5BTK/s320/Logo+Prodigy+simple+status.png" width="320" height="74" /></a></div>This news is designed to help you by providing information that will be helpful to provide to your previous clients and other segments of your sphere. Feel free to forward these to your database, post on blogs, websites and more.
Homeowners and Buyers to Benefit
Brexit happened. And one of the biggest, and most immediate, effects on everyday Americans is how it will change interest rates on home loans. Greg McBride, chief financial analyst at Bankrate, said rates could sink to record lows in the coming weeks. “If you’re a borrower, don’t wait to lock your rate,” he said, “as this opportunity may not last long.” They’ve already hit rock bottom this year. In the past month alone, 30-year fixed-rates on home loans have hovered around 3.7 percent, nearly a three-year low. Britain’s vote to leave the European Union is expected to drive rates even lower.
Rates have been about 17 percent lower than the median of this decade. However, McBride said his long-term outlook does not change with the Brexit vote. He still estimates a rebound from ultra-low rates by year’s end. Mortgage Bankers Association chief economist Michael Fratantoni forecast a rate of 4.8 percent by December 2017. That would be the highest rate since 2009, and a 30 percent boost from current levels. By the end of 2016, Fratantoni expects rates to reach 4 percent. He noted that he’s turned his estimates more conservative in recent months, but predicts an increase nevertheless. That could change with the Brexit referendum passing, however. He noted that Treasury rates had already dropped about 20 basis points the morning after the vote. “At this point, it is unclear whether this will just be a short term disruption, or whether it will have a longer-term impact,” Fratantoni said. “Our best guess at this point is that the impact on the residential real estate sector will be to keep rates on home loans lower for longer, likely leading to another pickup in refinance activity.”
Source: The Washington Post
Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-33969230008740593562016-06-23T09:42:00.002-07:002016-06-23T09:42:39.280-07:00Credit changes Revolver or Transactor
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbm8TbMuOJL7Z_p2jwGL0-N6uMHwbnSIrA1AW-sErIQsyNFmLYVTKBhPkkV9PAtpluCucRa0DVO1nKu0raJLDUpstAeWMn3qaiWF56pZiJJ1uWvb1ncWnPVbL_O7l-vF1FUOP6Y9npF6l9/s1600/Will+Picture+on+the+lake+2012.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbm8TbMuOJL7Z_p2jwGL0-N6uMHwbnSIrA1AW-sErIQsyNFmLYVTKBhPkkV9PAtpluCucRa0DVO1nKu0raJLDUpstAeWMn3qaiWF56pZiJJ1uWvb1ncWnPVbL_O7l-vF1FUOP6Y9npF6l9/s320/Will+Picture+on+the+lake+2012.jpg" /></a></div>Are you a “transactor” or a “revolver” when it comes to your credit? Terms like these never have mattered much to home buyers seeking a home loan. You’ve probably never heard of them. Yet they are about to become more important to millions of home loan-seekers and they may even help determine whether you qualify for a loan in the first place. A transactor is someone who pays off credit bills in full every month or makes more than the minimum required payment. A revolver is the opposite: someone who routinely makes the minimum payment on credit cards and other debts, rolling balances over to the next month. Credit industry statistical research suggests that, all other factors being equal, revolvers tend to present higher risks of future default to lenders, especially when they are accumulating substantial unpaid balances.
Transactors tend to be lower risks. Until now, lenders and investors had difficulty distinguishing revolvers from transactors. Credit reports told them whether you as an applicant were late on card payments and whether you defaulted on your car loan, but they didn’t show what you paid on your balances month by month over extended periods. Fannie Mae, a dominant player in the housing market, will soon begin evaluating how all loan applicants have managed their credit over the previous two years: how much they owed in revolving debt each month, the minimum payment allowed on each debt and how much they actually paid. As a general rule, according to Eric Rosenblatt, Fannie’s Vice President of Credit Risk Analysis and Modeling, the new system will “benefit borrowers who regularly pay off revolving debt” and should “provide more creditworthy borrowers access to credit.” Starting June 25, the new reach-back data will become an integral part of Fannie’s automated underwriting, an online system that is used by the vast majority of lenders to determine whether applicants are eligible for the loan they’re seeking.
Source: Ken Harney, The Nation's Housing Note: The date of implementation is likely to be delayed by Fannie Mae
Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-66566903155185674602016-06-14T13:00:00.000-07:002016-06-14T13:00:34.685-07:00VA Loans Active Military Are Buyers
Active-service military buyers between the ages of 18 and 35 are purchasing homes at a “far greater rate” than non-military buyers – 51 percent versus 34 percent, according to the National Association of Realtors®’ newly released Veterans & Active Military Home Buyers and Sellers Profile. This is the first time NAR has released such an in-depth look at the military with the aim of evaluating the differences between active-service/veteran real estate clients and those who’ve never served. Despite their lower median income ($76,800), active-service military members tend to have more job security, says Lawrence Yun, NAR’s chief economist.
"No-down payment financing options...are giving aspiring home owners in the military a deserving advantage over their civilian peers,” he adds. “Furthermore, their tendencies to marry and raise a family at an earlier age and carry less student debt make buying a home a more desirable and achievable option.” Because of the tendency to marry and have children at younger ages, active-service members often purchase larger homes that cost more than those purchased by non-military buyers and veterans alike, according to the study. The loans available to the military prove to be a big perk. Veterans Affairs loans offer 100 percent financing for veteran and active-service home buyers.
Source: National Association of Realtors®
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlJ7IUQYUObcWZewrs86UuW4_wUhPUL-wHqWzuRpymIBbPTnaqlknMmr24rzGkodvQWP8If7qPBw4fPl0phBRmPOE28o7ngThHCyCB0vnksWDVAen7SO4MzR8JkOjbFAynnUCNW9vVyhhB/s1600/forth+of+July+2014-07-02_16-16-53.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlJ7IUQYUObcWZewrs86UuW4_wUhPUL-wHqWzuRpymIBbPTnaqlknMmr24rzGkodvQWP8If7qPBw4fPl0phBRmPOE28o7ngThHCyCB0vnksWDVAen7SO4MzR8JkOjbFAynnUCNW9vVyhhB/s320/forth+of+July+2014-07-02_16-16-53.jpg" /></a></div>Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-69117535059852650582016-06-11T16:59:00.003-07:002016-06-11T16:59:54.226-07:00The 3 C's of Mortgage lendingFrom an earlier post this week.
The 3 "C's" of lending why it is important to have a Mortgage Originator take you through the process.
Credit: An acceptable credit reputation is established by a history that, when viewed as a whole, evidences a borrower’s willingness to make timely payments on obligations.
Capacity: The borrower must have the ability to repay the mortgage in the amount and terms stated. Adequate capacity is established by documenting stable monthly income and/or assets along with other information about how the borrower paid obligations in the past that, when viewed as a whole, evidences a borrower’s ability to make periodic payments approximating the amount of the proposed monthly debt payment. Regardless of the level of the borrower’s previous monthly payments, the file must contain evidence of the borrower’s ability to meet all new obligations after the new mortgage is made. When the borrower’s obligations will increase significantly with the mortgage, the Brokers Transmittal Summary must contain an explanation as to how the borrower will meet the higher payment.
Collateral: The collateral must meet minimum property requirements as specified herein. Each property must also have an established value to support the loan transaction. This value will help in determining the risk associated with the loan transaction.
Just Saying Mr. Will
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7uhKQrM2aV2wTlA5GomI8LYIF9XTFjvURquMAxTdUga_5MAv3J8qPXIxrnKVWEFCOprRruWdRUbsSuY88EDXE0a6g9lXW70CgoLVK4mtj4Q8nC6An-Ow6AnwEy2qYq7xQJYsPu9X0E79P/s1600/Logo+Prodigy+simple+status.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7uhKQrM2aV2wTlA5GomI8LYIF9XTFjvURquMAxTdUga_5MAv3J8qPXIxrnKVWEFCOprRruWdRUbsSuY88EDXE0a6g9lXW70CgoLVK4mtj4Q8nC6An-Ow6AnwEy2qYq7xQJYsPu9X0E79P/s320/Logo+Prodigy+simple+status.png" /></a></div>
Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-10954526115132639362016-04-20T09:58:00.001-07:002016-04-20T09:58:43.562-07:00A Homeowner’s Perspective
Writer Jason Zweig recently wrote a forward-looking letter to his grandchildren for The Wall Street Journal that documents the joys of home ownership and what many young adults may miss out on if they continue to be lifelong renters. Zweig writes that it took him decades to learn the true value of home ownership, beyond the advantages of equity building. Zweig reminisces in the letter as he and his brother help to move out their 87-year-old mother from the place she called home for half a century. The home contained memories for the family – where the family grew up and even where her husband died in 1981.
Their mother had turned the home almost into a museum of family treasures over the years. As the mother told her sons: “I have no emotional attachment to the house; I never liked it physically. But everything important that ever happened in our life as a family is here, and I can’t just leave all that behind.” Zweig’s letter talks about the true treasures of owning a home and the difficulty in saying goodbye to a place you call home for so many years. “A home is more than an investment,” he writes. “It is the place that helps shape who we are. Your generation may well be thankful that you don’t have to bear the burdens of owning one – the mortgage, the maintenance, the pain of pulling up roots that run decades deep. My generation, and my mother’s, are thankful we had the blessings.” , Source: NAR & The Wall Street Journal
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjt3OQ5wEfwR1epbr2ZdLAi8zokRNoju8XX0R2hYmNKELztBjU9hdeyyYaK5-tGyiKcWYXnG6DkyWFASbioROX4YVggU5H-EbHqadAcPJQglG0UhMy1zKaaVHGzRG9ygs2GtRIy-1mf41o2/s1600/DSCF7053.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjt3OQ5wEfwR1epbr2ZdLAi8zokRNoju8XX0R2hYmNKELztBjU9hdeyyYaK5-tGyiKcWYXnG6DkyWFASbioROX4YVggU5H-EbHqadAcPJQglG0UhMy1zKaaVHGzRG9ygs2GtRIy-1mf41o2/s320/DSCF7053.JPG" /></a></div>
Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-24595401479631396412015-06-13T08:59:00.001-07:002015-06-13T09:03:29.729-07:00Changes in the Mortgage process August first.Many have heard that the whole Mortgage process is changing in August. If you have not and know someone who may be thinking of buying a Home or refinancing; the big change is the disclosures. Be mindful and please feel free to share. see this link <a href="http://files.consumerfinance.gov/f/201503_cfpb_your-home-loan-toolkit-web.pdf">http://files.consumerfinance.gov/f/201503_cfpb_your-home-lo…</a><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhd2Y2v2ahm2PppEwzJU_3helEYF2wNsBKVVNpY8hGk6-DEiqZQuRICycHBsJbPDGBRj1YKKuyKywW3-YVJ9_wUWniEF3LC1nH1iFqZbfVVzkehes5cbx7c8Tx_vZH2fbCtxfjUK7ZQLVsG/s1600/Logo+Prodigy+simple+status.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhd2Y2v2ahm2PppEwzJU_3helEYF2wNsBKVVNpY8hGk6-DEiqZQuRICycHBsJbPDGBRj1YKKuyKywW3-YVJ9_wUWniEF3LC1nH1iFqZbfVVzkehes5cbx7c8Tx_vZH2fbCtxfjUK7ZQLVsG/s320/Logo+Prodigy+simple+status.png" /></a></div>Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com1tag:blogger.com,1999:blog-216636632025138446.post-69769408794808285502015-04-04T07:39:00.000-07:002015-04-04T07:39:08.905-07:00A Great time to Refinance or Buy. Shock US jobs figures force Yellen to put rate hike on back burnerSee this <a href="http://www.independent.co.uk/news/business/news/shock-us-jobs-figures-force-yellen-to-put-rate-hike-on-back-burner-10155321.html">link <div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwL2KJx6f7RunOB84Ymikeq4SVXF20q-3TmMFeM7WRqFEtmWxAlAVVPzusXbGOJFX-mY96D3glHHkZzcPWJLuaZ4v9ndigqksg-bK9enIWEexv_VjFuZiNhxiYZWd2yLQq-TC-Ndc-LfKs/s1600/logo+Made+Simple.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwL2KJx6f7RunOB84Ymikeq4SVXF20q-3TmMFeM7WRqFEtmWxAlAVVPzusXbGOJFX-mY96D3glHHkZzcPWJLuaZ4v9ndigqksg-bK9enIWEexv_VjFuZiNhxiYZWd2yLQq-TC-Ndc-LfKs/s320/logo+Made+Simple.jpg" /></a></div></a>Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-39570944667476052222015-04-01T15:23:00.004-07:002015-04-01T15:23:57.137-07:00A true Story on FHA <div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMB9wpwQV47mn2xoWFtXWAsEntsbknYEpgphCzj0_Ii_GLBdcDur2epr5PJ_AirHkjPBO7NSBUijeqZHxP5KQjTZyky2IoCbo7X4q5md4CqXMsVW_w3A_UY4Wlu0NqB8IHpON7Y7TDrHXf/s1600/Prodigy+newloans+made+simple+2014+August.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMB9wpwQV47mn2xoWFtXWAsEntsbknYEpgphCzj0_Ii_GLBdcDur2epr5PJ_AirHkjPBO7NSBUijeqZHxP5KQjTZyky2IoCbo7X4q5md4CqXMsVW_w3A_UY4Wlu0NqB8IHpON7Y7TDrHXf/s320/Prodigy+newloans+made+simple+2014+August.jpg" /></a></div>A couple contacted me and wanted to know if there was anything that I could suggest for their situation. They had a high interest rate FHA loan and their mortgage balance was more than the market value of their home. I did have several suggestions for them. One option fit their situation since they plan to stay in their home for the next 3 to 5 years. Because they have been making their payments on time, the FHA refinanced their home loan at the current lower interest rates. This is saving them several hundred dollars a month!
Whatever your situation, let me (Mr. Will from Jacksonville) help guide you through the options you may have for a new or refinanced mortgage. That’s what we Mortgage Professionals are trained to do – help you get a new mortgage or update your current one.
Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-86012846734265814242015-03-28T13:51:00.000-07:002015-03-28T13:51:54.033-07:00Credit errors wonder how to fixInstructions to help undisputed items on credit report. From our Sales manager Julie Payton at one of our office Roundtable meetings. <div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhcmT1k-X0OvSUUOJrno2pFNwYinEe0dq46YukC7tOYpFKs-vW4Fd03H5lJEcig0f_ktDTwnYquSOcLxQfZZQr56AH4y_R3XnywQ0jLBF8ihiFAgzD0dIKmfIgeFmoQzaSdoj74u4uoK4ox/s1600/Logo+Prodigy+simple+status.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhcmT1k-X0OvSUUOJrno2pFNwYinEe0dq46YukC7tOYpFKs-vW4Fd03H5lJEcig0f_ktDTwnYquSOcLxQfZZQr56AH4y_R3XnywQ0jLBF8ihiFAgzD0dIKmfIgeFmoQzaSdoj74u4uoK4ox/s320/Logo+Prodigy+simple+status.png" /></a></div>
Experian 888-210-9101 and 866-673-0140, is answered by a live human being, tell them you need the National Consumer Assistance Center to end the dispute(s), hours are 8AM-5PM Pacific time and up to 72 hours to remove disputes. (e-mail confirmation will be sent when done).
Equifax 404-885-8300 is answered by a live human being, tell them you need to speak with someone in the Executive Consumer Service Department. Up to 72 hours to remove disputes.
TransUnion 312-985-2000 is has a machine greeting but just stay on the line and you are transferred to a live person, tell them you need to speak with someone in the Special Handling Department for instant removal.
Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-40883835465010871062015-02-16T11:09:00.001-08:002015-02-16T11:43:03.016-08:00Renting?? Need to knowFrom a dear friend in the insurance industry. T.J Jones a great guy and if you need his information please let me know.<br /><br />
<h3>Renters Insurance is Needed and Often Required<o:p></o:p></h3><div class="MsoNormal"><span style="font-size: 10.0pt;"><br /><br />
Buying renters insurance is very easy and inexpensive. Often, just a call to<br />
our office is all that is needed. But many renters forget about, or do not feel<br />
the need for,renters insurance. Often, tenants have a false sense of security<br />
thinking that they will automatically be covered if something were to happen to<br />
the home that they are renting. Sadly, many young people fail to buy renters<br />
insurance because they mistakenly think it's too expensive.<br /><br />
Please do not wait until it is too late, purchase renters insurance today.</span><br />
<o:p></o:p></div><h3><br /><br />
What Does Renters Insurance Cover?<o:p></o:p></h3><div style="line-height: 15.6pt;"><span style="font-size: 10.0pt;">Renters insurance<br />
covers your personal property such as clothes, computers, electronics,<br />
furniture and more. If your property is damaged in a fire or stolen, renters<br />
insurance can be there to help you. The policy also covers your property when<br />
it is away from your home; for example, if your laptop is stolen or damaged due<br />
to a covered peril when you take it with you on vacation.<br /><br />
Renters insurance also covers your personal liability. If someone is injured<br />
while in your apartment or condominium you can be held liable. You may be<br />
responsible for medical bills and could be subject to a lawsuit.<br /><br />
If your apartment building is destroyed by a fire, you may need additional<br />
living expenses and renters insurance can provide that too. Your policy can pay<br />
for necessary increases in living expenses incurred so that your household can<br />
maintain its normal standard of living.<br /><br />
Your landlord may require renters insurance as part of your lease agreement.<o:p></o:p></span></div><h3><br /><br />
Replacement Cost<o:p></o:p></h3><span style="font-family: "Times New Roman",serif; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">Always buy replacement cost coverage on your<br />
property. This will reimburse you for the full cost of replacing your<br />
possessions. An insurer will not depreciate the value of your possessions in<br />
this coverage.<br /><br />
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<!--[endif]--></span>Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-66533415053797113732015-01-04T12:00:00.001-08:002015-01-04T12:00:44.303-08:00Real Estate Appraisals (Part One) a great Video when Buying or Selling <iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/XGrWJTlGbZc" width="480"></iframe>Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0tag:blogger.com,1999:blog-216636632025138446.post-86254330061000420562014-12-11T11:08:00.001-08:002014-12-11T11:08:46.299-08:003% Down Payments May Be Game ChangerThis may help a lot of those out there who have good credit, however unable to come up with a down payment. Have questions call Mr. Will 904-298-3015 or www.willrudloff.com<br /><br />
<br /><br />
<br /><br />
<a href="http://realtormag.realtor.org/daily-news/2014/12/09/3-down-payments-may-be-game-changer#.VInoxMlBsxI.blogger">3% Down Payments May Be Game Changer</a>Anonymoushttp://www.blogger.com/profile/09635345622180635112noreply@blogger.com0