First Time Home Buyers Buy With FHA And Use A Mortgage Expert RealEstateMarketingThisWeekcom

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Part 8 - Credit scores are now a major factor With interest rates. You see The Liars Up On The Internet With Interest Rates at 4.625% Being and all this kind of hocus pocus, its not true. You are never going to Qualify for That misses today. They Are Going to Lie to You, Once You sign and see The Fine Print You are going to Realize That It Is A ridiculous idea to pay That Amount of money in fees.

Credit Scores Have to Be Significantly Higher Than THEY Used to, drank again I Have to Tell You, its my opinion That is 70% no doc loan With Someone Who has a 720 or higher credit score I Believe Is A good loan. I Personally Believe That Has Some Point It Will Be Brought Back.

I'm Not Arguing With That, With A good FICO score I Can Agreements with a 20% down for a Stated Income loan. People Are Encouraged Through Our tax system to write off all of Their dépenses And So We Have Often small business people Who really are making money to take advantage THEY Because Of Our tax system They Are Not Able to get a loan. THEY cannot Qualify based upon Their Income.

In a lot of boxes yes, drank Once Again I definitely want to point out just because history is self employed and Someone Owns a small business and Everything They Do write off, That Does not Mean That They Will not qualify.They May Have Been Told optometrist now Have to go Stated Income Because of tax returns, to MOST people, The Small Business Owner, The Consumer doesn't know how to analyze historical taxes, whether or Not He Is Going To Qualify for financing thats not historical area.

Most CPAs whose Even Know how to analyze tax revenu Enough to extrapolate back out Where we CAN use it as revenu, so just because a person is self employed Does not mean optometrist cannot Qualify for financing and honestly nothing Could Be Further From The Truth. Plenty of people self employed, small business owners using Will Qualify Their tax returns.

That I think anyone right now Who doesn't own a home Should Be Giving you a call getting pre-qualified. If nothing else Give you a call and see What You Can do.So you say, I wrote off a bunch of stuff last year and I'm Not Going To Be Able to buy a house well maybe you can.But Get in there, HAVE A Professional, Have Someone Who Knows What to do, whos Been in the Business for 15 Years, Have Them take a look at it and decide whether or not you-can really get that loan.

One Of The Thing With my mortgage education, I am a certified mortgage planner. I am a certified mortgage analyst and a certified mortgage planning specialist. The "significant part of training That and certificates is in. Those Analyzing complex tax returns and tax returns Complicated analyze weekends for professional athletes, for professional musicians, All The Time. There Is Always revenu, It Is just a matter of knowing how to get all of it out there. So I Think We Have Hit That Kind of.

So yes if you dont own a home today and You Have Been Told No, You Need to find out if the Person Who Told You No IS qualified to tell you no, # 1 and # 2, Less Than 15% Of The lenders in Arizona are qualified to do FHA loans Are The loans.Those we are talking about, $ 100 down to buy a HUD home, Less than 3.5% down to buy a house With The Best Interest Rates That We Have Seen in my career, crazy icts not to look at your options.

If a lender Does Tell You No, It Would be like going to a doctor and he says you Have to Have Your arm Amputated Because You Have A pimple is it.I think you are going to go get a second opinion, maybe Even a Third . To make sure you dont Have to Have It cut off. And That Is EXACTLY What We Have Here, if you go to a lender and he says, Well you are going to Have to put down 20% You Know He Is Not an FHA lender. So run out of There and call Michael at Velocity Financial and get yourself pre qualified.

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