Randall Schrader's (superbroker007) Blog

FHA insured loans can be used in all of the situations listed below; - No credit score - Single wide mobile homes - 550 credit score - Very little money down - Homes needing major repairs - Duplexes - Major remodeling, cash out refinance - Debt consolidation If you have a situation that "Makes Se...

Seniors can receive monthly payments from the equity in thier homes!  This is called a Reverse Mortgage and they are government insured.  This is a timely tool when the budget is stretched so thin.  Now the senior can write a check for home improvements, uncovered health care or whatever he/she ...

  Seniors can receive monthly payments from the equity in thier homes!  This is called a Reverse Mortgage and they are government insured.  This is a timely tool when the budget is stretched so thin.  Now the senior can write a check for home improvements, uncovered health care or whatever he/she...

Yesterday, I blogged against many of my peers and advised my clients and my fellow mortgage brokers to lock their loans.  All my clients took my advice and boy are they happy today.  With rates bouncing up and down, I felt it best to catch what I believed to be the last good down swing for a whil...

If you haven't already done so, lock your customer's loans ASAP.  I am predicting a size-able run on rates today.  Yesterday we turn upward and today we could run fast to the north.  This may well be the last time we are in this territory for quite a while too.  Next week is the election and more...

FHA insured loans can be used in all of the situations listed below; - No credit score - Single wide mobile homes - 550 credit score - Very little money down - Homes needing major repairs - Duplexes - Major remodeling, cash out refinance - Debt consolidation If you have a situation that "Makes Se...

An exclusive mortgage for seniors only! It allows them to have their home pay THEM a monthly payment. Now, seniors 62 and older can qualify for a special type of mortgage that makes monthly payments to THEM!  It's really true and easy to qualify, basically just answer a few simple questions and y...

Did you know, seniors over the age of 62 can access the equity in their home's with a government insured Home Equity Line of Credit via a Reverse Mortgage.  This is pretty cool!  Now the senior can write a check for home improvements, uncovered health care or whatever he/she wishes.  The other op...

Mobile home mortgages are tricky, let me help!   This type of property is just DIFFERENT and, like anything else, if you do the same thing every day you will get REAL good at it.  I've done financing on 1965 single wides, 100% VA purchases, tons of loans for homes in 55+ parks on rented or leased...

Look at the power of FHA insured loans after the sub-prime meltdown. Did you know that FHA insured loans can be used in all of these situations? - No credit score - Single wide mobile homes - 540 credit score - Almost NO money down - Homes too damaged to live in - Duplexes - Major remodeling, cas...