What if your buyer wants to purchase a property that won’t qualify for a conventional or FHA loan? I have a new product to help buyers get the homes they want. I want to talk about a product I have that will enable Realtors to get more buyers into homes and help buyers get homes that they’d normally be unable to buy due to having restrictions on collateral. What is a escrow repair product? …
I love my job, and today I want to tell you a story to illustrate why. I absolutely love my job, so today I’d like to tell you just one of the many stories I have that illustrate why. I was recently talking to an agent who was on the other end of a transaction we were both involved in. She told me how her buyer wanted to look at a home $5,000 over her $240,000 budget.…
There are many benefits you as a Realtor can reap if you decide to work with us and send your buyers our way. Why work with AMG? First and foremost, we care. If you call us at 4:45 p.m. on Friday, that call isn’t going to voicemail. You can rest peacefully at night knowing that if there’s an issue on file, we’ll be the ones solving it. For four straight years, we’ve closed all of…
How does The Tax Cuts and Jobs Act impact real estate? I’ll go over a few important things you need to know today. Happy New Year! As you all know, we have some new rules for taxes in 2018. I’ll go over how some of these changes impact you as far as real estate goes. As always, please check this information with your accountant or CPA. The mortgage interest deduction is still allowed, except…
Are you a veteran who’s looking to lower your monthly mortgage payment? Try an IRRRL. Today I want to talk about the VA IRRRL, or Interest Rate Reduction Refinance Loan. It’s an awesome product for veterans or someone who’s carrying a VA loan and is looking to refinance and lower their monthly mortgage payment. It requires very little paperwork—no pay stubs, bank statements, or W-2s. We don’t even have to get an appraisal. The way that…
A VA loan is a great home buying option for Veterans. Here’s what you should know about them. You can also purchase a home with no money down up to the county limit. For example, if the county limit is $424,100, you can put zero down up to that limit. In some of the high-costs counties, that limit can go as high as $600,000 or more. The best part of the VA loan is that if you…
There are a few different loan programs you can use to buy a home, but knowing which one is best for you can be tricky. That’s why I recommend you consult an expert such as myself. Unlike banks, which are restricted to their own products and overlays, being a broker/owner in a wholesale market means I have access to many different mortgage loan programs. When I take a loan application, I’m going down the list and eliminating…
Zillow often has inaccurate and outdated information. Here’s where you should go if you’re looking to buy a home. Did you know that Zillow is only accurate with its information about 18% of the time? Many buyers begin their search on a website like Zillow. The problem we often see them run into is they will find a property, request more info, and once an agent gets back to them, they’ll realize that the home is already…
I found out recently that not everyone was aware of the benefits of having a buyer’s agent. Here are just a few of the many advantages of having one. I just finished up a loan application for a first-time homebuyer and our conversation led us to talk about Realtors. I asked the buyer if she was currently working with a Realtor or not, and she said she wasn’t. She said her plan was to go out and call…
In episode five of “The Peter Dellane Mortgage Show,” we talk about how you can do a credit enhancement to improve your credit score. In episode five of The Peter Dellane Mortgage Show, we’re focusing on the subject of credit enhancement. Basically, if you don’t quite qualify for the loan program you want to qualify for, you can do a credit enhancement to remedy the situation. As always, we’ve timestamped the highlights of our latest discussion so…