Brandon Butler

Freddie Mac News – True Lies – Forged CPA Letters – Dated July 22, 2020

Written by: Lloyd Rutherford, Staff Writer Keeping up on fraud in our industry is a tough task!  Thankfully, the agencies are good at detecting fraud and passing this information onto us.  This fraud update is especially timely as it deals with Forged CPA letters. Rule Synopsis: Freddie Mac issued their sixth edition of “True Lies”, […]

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FHA HECM-Reverse Mortgage Updates for August

Written by: Melinda Hipp, Staff Writer Each month our HECM expert brings you the latest updates for FHA-HECM loans.  If this is an area of interest for you, make sure that you stay up to date with the changes by reading this article. Rule Synopsis: HUD issued mortgage letter 2020-24 Temporary guidance for case numbers […]

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Did you know this VA Secret? On a one-time basis, you can have your full eligibility restored if your prior VA loan has been paid in full, but you still own the property.  This allows you to keep your current property and use your benefits on a new home!

Did you know this VA Secret? On a one-time basis, you can have your full eligibility restored if your prior VA loan has been paid in full, but you still own the property.  This allows you to keep your current property and use your benefits on a new home!

Related Article Title: Veteran Pays Off Current VA Loan – Can They Get Another? Question: Our client used VA financing to buy their home.  They want to keep this home and purchase another home.  Are they able to use VA maximum financing on the new home? Answer: Good News! Yes they can, on a one-time-only […]

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Did you know that if you have a loan secured with your 401k, the home lender will not count that debt against you when considering your new house payment? Follow Me for More Home Buying Secrets!

Did you know that if you have a loan secured with your 401k, the home lender will not count that debt against you when considering your new house payment? Follow Me for More Home Buying Secrets!

Related Article Title: Using Secured Funds as Collateral for Eliminating Debt Obligation Question: Our applicant paid off their car loan with another loan secured by a CD that they have with their bank.  Do I need to count this payment against them or is this like a person using a loan against their 401k? Answer: […]

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Have you heard of a Seller Credit? When you purchase a home, the seller of that home may offer you a credit. Yep!  It’s true! This credit can be used to help you with closing costs or other items.  If this sounds interesting, let’s talk.  I’m happy to step you through how this works.

Have you heard of a Seller Credit? When you purchase a home, the seller of that home may offer you a credit. Yep!  It’s true! This credit can be used to help you with closing costs or other items.  If this sounds interesting, let’s talk.  I’m happy to step you through how this works.

Related Article Title: FHA Seller Credit – What Can It Be Used For? Question: We have an FHA loan where the seller credit is under the required limit.  However, the credit exceeds the actual closing costs and prepaids.  The borrower would like to use this residual to pay for the buy-out on his apartment lease.  […]

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