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Nurse – Vance Blew

Masi, who is a Registered Nurse, came to me as a referral from a past client. She was looking for a townhome in a gated community for security. She was a first time homebuyer and had saved some money. Had great credit. She wanted to put down as little as 3% and we have a…

Recasting – Chris Coulter

In my first 7 minute I talked about the word recasting. It’s time for me to mention it again because since that March date I’ve closed 43 loans and I have recasted 12 of them. Recasting is a reduction to your monthly payment after a large principal reduction of 10% or more. It is useful when…

Rapid Rescore – Jaad Nicholas

Many people think that if their credit score is “too low” and they need to move within 45 days, they have to rent. This is not always true. I’m Jaad Nicholas & I’m a Mortgage Planner. My client John wanted to purchase a home in June, so he came to me in May to get…

Closing Costs – E.J. Farge

Residential Home Funding serves the Atlantic coast from NY/NJ to Florida, and I am branch manager of 1 of 2 Georgia Branches. Often people ask “what are your closing costs?” Typically they are the legal, title insurance, state taxes and lender costs. Our lender costs (including loan origination, processing, underwriting, locking and delivery of funds…

Offer Letter – Clay Jeffereys

I just started a new job, so I can’t buy a home for two years. Good Morning, My name is Clay Jeffreys, I’m a licensed mortgage lender, and that statement may not be true. As a full time, salaried W2 employee, you only need an unconditional offer letter showing your salary and start date. If…

Guidelines – Jason Conn

My name is Jason Conn and I’m a Senior Mortgage Loan Officer with Fifth Third Bank. As a tinkerer, I love cool tools. I mean, I love having the kind of tool in my box that everyone else says ‘what in the world is that’? Usually if a tool is very obscure, the task that…

Home Ownership for Savings – Rodney Shaffer

A recent homeownership study concluded that over time, home ownership correlates with strong wealth accumulation. With every mortgage payment, the owner increases her equity and wealth. You grow your wealth by simply paying a bill. Even folks who lack the discipline to save money can grow their wealth by making their mortgage payments. My father…

What can I do when I don’t have anything to give in the referrals section of the meeting?

How do I get credit for giving a referral?

What should I do when a Visitor or Substitute conflicts with me?