PURCHASE AND REHAB YOUR HOME IN CLEARWATER FLORIDA WITH THE FHA 203(K) LOAN - Most home buyers are turned off at the sight or even thought of buying a fixer-upper; a foreclosure or an older home today. However, educated and informed home buyers are utilizing the FHA 203(k) loan to buy their new home and fix it up with no additional out-of-pocket expense. The FHA 203(k) loan is a tool that savvy home buyers, successful contractors, Realtors and mortgage originators have been using since 1978. An FHA 203(k) loan is very similar to the traditional FHA loan. The only real difference is that with the FHA 203(k) loan, the home buyer is adding money to their mortgage balance to finance-in any repair/improvement cost. Whereas the traditional FHA loan requires that certain repairs be done before... 09/29/2011

Refinances for Under Water Home Owners In Clearwater Florida Home Owners who owe more on their homes than the property is worth can refinance if the loan on their home is held by Fannie Mae or Freddie Mac. To find out if your mortgage is held by Fannie Mae or Freddie Mac simply input your address into the following sites to find out.   Is My Mortgage Owned By Fannie Mae   Is My Mortgage Owned By Freddie Mac 09/27/2011

FHA 203K Rehab/Home Improvement Loan in Florida  With all the Bank-Owned, Foreclosure, Short Sale and Aging properties on the market today the 203k loan is becoming the answer on a growing number of real estate purchase transactions. This HUD approved FHA 203k loan gives buyers the MONEY they need for property repairs and Improvements at closing. It's an FHA loan that requires only 3.5% down at closing. All homes are sold AS-IS and an escrow account is set up to pay for the improvements.  Everyone is winning with this program. My company an I offer a 1 hour training class at no cost by a HUD Certified 203K Instructor that is done at your office for anyone who is interested in hearing more about the 203k loan program. The FHA 203K Streamline Rehabilitation Program Process is simple when ... 09/24/2011

Non-Occupying Co-Signers Are On The Increase for Purchase Transactions In Tampa Non-Occupying Co-Signers - FHA allows a direct family member to co-sign with the buyer and still live at another property even if it is located in another State. This allows individuals who are directly related to buyers with high Debt-To-Income Ratios to Co-Sign and add additional income to the application in an effort to bring the ratios in-line with the lenders guidelines. The Non-Occupying Co-Signer can also gift the buyer the money for the down payment or simply pay it out of their own funds. A Non-Occupying Co-Signer has been a popular sales tool for my Realtors who cater to younger first time buyers who's incomes are still fairly low but who's parents are more then happy to help their children qualif... 07/18/2011

Loans for Commercial and Multi-Unit Properties in Clearwater Florida The process for obtaining a Commercial Loan begins with the entry of an EXECUTIVE SUMMERY FORM.  The form covers several important areas of information that are used to conduct a search of available lenders and their Rate and Terms for a particular loan type. 1) Contact Information 2) Property Description 3) Additional Collateral 4) Borrowers Desired Loan Terms 5) Personal Information Via Resumes, 1003's and Financial Statements for all borrowers 6) If it is income producing then a Rent Roll or Profit and Loss Statement is needed 7) Credit Files all borrowers 8) Property Appraisal 9) Use of Funds Statement 10) Transaction Description and Exit strategy   07/18/2011

Five Good Reasons To Get Approved For A Government Backed FHA/USDA Loan Today  1) Limited Funds. There is a certain amount allocated each year by congress and getting additional funds allocated in the 4th Quarter to offset shortfalls is HIGHLY unlikely giving the on-going battle over deficit spending. With the increased demand for FHA loans brought on by QRM (Quantitative Risk Management) which is looming and likely to happen there will be an increased demand for FHA Mortgages for their lower down payment requirements. Increased demand for something with limited supply forces prices higher. In short; the 4th Quarter of 2011 could see far less and far more expensive financing for those with less than 20% down. 2) Limited Funds.  The FHA does not have sufficient reserves so they increase... 07/18/2011

Florida Small Business Loans require several documents and disclosures in order to obtain an approval. Here is a list of those Items needed. 1) Personal Financial Statement for Clients - SBA FORM 413 (10-08) OMB Approval # 3245-0188 2) Tax returns for last 3 years with ALL supporting schedules     A) Borrowers Personally     B) Any company listed on Schedule E     C) Corresponding W-2s and K-1s for each year     D) Sign and date a 4506-T form for each entity in 2A above as well as borrowers personally.          Contact Jim Poole at 813-205-7958 to aquire 4506-T forms  3) Year to Date Profit/Loss Statement and Balance sheet for ALL entities in 2A above 4) Business Debt Schedule for ALL companies listed in 2A 5) Completion of Business Questionnaire - Call Jim Poole 813-205-7958       07/18/2011