Tony Marra's Blog

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Mortgage and Lending - Bay to Bay Lending, LLC - NMLS 343112
RECENT BLOG POSTS
 Client calls, wants to buy a new home, and rent out their current home that they are upside down in. As the lending rules stood, they had to absorb their current mortgage payment into the equation of qualifying for a new loan and the rules precluded them from using the rental income to offset th...
08/12/2015
Bay to Bay Lending has access to a great loan program for first time buyers - FHA is not their only option. Withi this conventional product the required 5% down payment can be gifted.  With the right combination of seller paid costs and our lender rebates most of the buyers costs are covered.   9...
08/30/2014
  Have you had self-employed buyers who had the income but their returns killed their loan.?  What about borrower’s with a recent short sale, foreclosure, or bankruptcy?   How about a 30 Year Fixed Product with credit scores as low as 500??   New Portfolio Product Highlights Bank Statements for S...
01/10/2014
A very high percentage of Florida homeowners short sold a home in the past 5 years. A common question I often get is ....how far removed from a short sale does someone have to be in order to quaify for home financing??? Here are some guidelines that can hopfully help buyer's agents qualify their ...
12/13/2013
5% Down Homepath Loans NO PMI - No Appraisal - Florida  =There is little secret there are inventory issues in many markets across the country.  If you're shopping for a new home, a real estate owned (REO) or foreclosed property Homepath financing could provide opportunities for homeownership whi...
11/20/2013
When Fannie Mae updates its Seller's Guide Friday it is reducing its maximum loan to value on all of its products including the popular HomePath loan. If you have clients looking at  any of the Fannie Mae 3% down options they must apply, register, and lock their loans prior to Friday. Fannie is r...
11/13/2013
A very high percentage of Florida homeowners short sold a home in the past 5 years. A common question I often get is ....how far removed from a short sale does someone have to be in order to quaify for home financing??? Here are some guidelines that can hopfully help buyer's agents qualify their ...
11/04/2013
If you are like some of my prefered agents, you have a stack of pre-qualification letters for clients that you simply cannot find a home for.  If your market is like the Central Florida Market, move in ready homes in the sweet spot middle class price range often wind up in bidding wars, on the ma...
11/02/2013
If you're shopping for a new home, a real estate owned (REO) or foreclosed property Homepath financing could provide opportunities for homeownership while helping to support communities impacted by recent foreclosures. As an approved lender for Fannie Mae's HomePath Mortgage Program Bay to Bay Le...
11/02/2013
Do you have a client that has been turned down due to debt ratio's? This can often be the case with self employed borrowers who have tons of deductions.  Some of these buyers have substantial liquid assets in the form if IRA's, Stocks, CD's, and Bonds.  Our New Portfolio product allows the use of...
11/02/2013
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Tony Marra

Tony Marra
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