Monthly Archives: May 2011

Buddy, Can You Spare a Million? – Mortgage Solutions for High Net Worth Borrowers

Pity the poor millionaire who needs a mortgage in the current lending climate.  You won’t find politicians creating special programs to alleviate their sufferings.  Of course, they don’t feel the pain in the same way as the common man, but, … Continue reading

Posted in Jumbo / High Net Worth, Uncategorized | Leave a comment

You (Practically?)Need To Be A CPA to Be a Good Loan Officer These Days

 Have you noticed that it is harder to get deals financed these days? (Don’t answer that, it’s a rhetorical question.) The reasons are legion, from stricter credit scoring models, to tighter loan-to-value and debt-to-income ratio requirements, to higher asset requirements, … Continue reading

Posted in Jumbo / High Net Worth, Uncategorized | Leave a comment

Don’t Be Afraid to Show Those Scratch and Dent Properties, We Have Reliable Ways To Fund Them

Do you shy away from showing your clients properties with deferred maintenance issues due to concerns over financing complications? These properties may be short sales, bank owned, or just generally run down due to the owner’s lack of ability or desire to make … Continue reading

Posted in Foreclosure / Short Sales | Leave a comment

The Truth about the 3.8% Medicare Tax What it Means When You Sell Your Home

The new health care legislation includes a 3.8% Medicare tax that may apply to certain real estate transactions in certain very specific circumstances. Unfortunately, this has been misreported all over the internet in some alarming ways. For example: “The new … Continue reading

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Borrower Beware – Your Underwriter Will Believe Everything Your Inspector Says About the Property

  What goes around comes around, sometimes sooner than you think.  I was just reminded of this with a buyer / borrower who instructed his inspector to find every minor flaw in the property and be at his rhetorical best when drafting … Continue reading

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