Mike's 203k Blog

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Home Inspector - 203kOnLine.com, covering the USA - S0289
203k loans, the hottest renovation loan product on the market. Offering quick closings on homes that require repairs.
RECENT BLOG POSTS
The secret to get your FHA 203k project closed FASTERMy favorite story about closing fast 203k deals has always been with Donna Nix when she closed her first full 203k in 21 days. She and others get it that nothing happens until the paperwork is complete and the clock doesn't start ticking until ...
11/17/2020
FHA 203k or HomeStyle® Renovation Mortgage in Millersville MD or anywhere else for that matter.How do you choose which renovation loan is best for your client? Lets look at some of the main differences.1. PMI - Private Mortgage Insurance is mandatory with the FHA 203k and it doesn't go away vs th...
11/11/2020
Marketing has always been an issue for everyone in this chain. In 1998 HUD put me on the carpet for "Hogging the Work" till they found out I had offered every consultant on the SF list a free consultation if they would merely come out to my seminar and see what we do. If they liked it we would as...
03/27/2020
are the FHA 203k loans as strong as they ever were?What can we say about that? Yes, and No is the right answer. Why is that? Originally the 203k was intended for borrower's that were credit challenged. That is no longer the case, many and I do mean many, borrowers these days just want to have som...
11/16/2019
Need a lender for a non-profit for a 203k I need a lender for Non-profits all over the USA, if you are open to discussing it let me hear from you.
03/19/2019
I have a Mac but need my favorite PC programs to run on it, What can I do? Use Boot Camp Boot Camp comes with your Mac and lets you install Microsoft Windows. No need to download anything yourself — just open Boot Camp Assistant and it will guide you through the rest. How to install Windows usin...
08/15/2018
Renovation loans  What's in it for the Realtorif you would like a power point copy of our rendition of "What's in it for me, the Realtor" just send me an email with that in the subject line, no obligation. Check out "What's in it for me, the Realtor" while thousands of 203k seminars per week are ...
03/04/2018
FHA 203k Consultants, it's time to re-certify Every two years consultants are required to re-certify, it is that time of the year again. I understand it is hard to believe that two years have passed since the first re-certification. vi. Biennial Recertification To retain placement on the FHA 203(...
02/02/2018
On FHA projects closing on or after 27 January 2017 relief is on its way. Looks like the new rate is .55% versus the old .85%. That means if you were paying $500 per month as an example your client now will pay only about $324, so they will have an additional $176 to use for the actual house paym...
01/10/2017
Sure why not?My office is only 41 miles from Mill Valley, sounds like a reasonable request. Oh, but at 4 pm it is a 2.5 hour ride home. Traffic patterns can be a real deterrent when trying to plan a productive day. On a race day it may take even longer... will take even longer. Sonoma Raceway cha...
01/03/2017