Randall Schrader's (superbroker007) Blog

Seniors over age 62 can utilize a new tool to smooth out their finances.  If there are some home improvements that need to be done, bills that need to get caught up or uncovered medical expenses, this should be a great thing to consider.  Seniors can easily use the equity in their home's to recei...

  Winter Haven has a lot of 55+ mobile home parks.  They are beautiful, safe and full of ammenities like golf courses, pools, club houses and so on.  But if you want to sell your home or use some of your equity, where can your buyer obtain loans these days? Financing IS still available for these ...

As every good mortgage broker knows, FHA will insure loans on mobile homes built after 6/15/1976.  What one unfortunate mortgage broker that called me last week for advice DIDN'T know, was that once a mobile home has been moved from the factory or dealer's lot and set up, it cannot be moved and r...

Lakeland and Winter Haven are sprinkled with 55+ mobile home parks.  They are beautiful for the most part, safer and full of ammenities.  But if you want to sell your home, where can your buyer obtain financing these days? Financing IS still available for these Chattel Loans or homes without lan...

Financing IS still available for these Chattel Loans or homes without land.  We also have co-op'ed land, which means the home is in a park and everyone owns a share of the whole park.  Today, higher credit scores are required in these types of loans, depending on the lender.  My lender also want...

If you're like me, you know this is one of the best weeks for football.  Starting Thursday, going on to Friday, Saturday, Sunday and alas Monday Night!  Every team trys to establish that they rightfully belong on top or that they are turning things around for a much better next year (except the L...

2009 is upon us!  Are you updating your goals?  Why not update what you do, not just how well you do it? Think outside the box.  How will people be doing what you do 10 years from now? Can you benefit from horizontal integration?  Let's say you sell more tomato soup than anyone, well why not try ...

Unlike a car, you can't pick out a mobile home and take it home.  The home is typically ordered, the land is prepped for the home.  Insecticide is blanketed where the home will go.  An apron off the road may need to be poured.  You my need a well and septic system put in.  Impact fees and county ...

Real estate purchases have benefited from this simple little tool.  When a buyer's budget is tight, but they have found the home of their dreams, how can I help get a deal put together with as little "out-of-pocket" cash as possible?  The answer is Seller concessions! These days, almost every ho...

Reverse mortgages use the equity in a senior's home to actually pay the senior every month.  The money can also be received in a lump sum or as a home equity line of credit. Here is the best news, the money received is not repaid until the home is sold or the seniors leave the home, at which poin...