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Podcast – Find My Way Home Live

Disaster Relief Mortgage Offers 100% Financing

Disaster Relief Mortgage Expert Interview

Show Notes On this week’s show, I’ve invited two mortgage veterans to discuss mortgage options that are available to the victims of natural disasters. Offered by FHA, the underwriting guidelines have been expanded to allow those affected by a natural disaster the ability to buy or refinance a home up to 100% of the value…

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The Digital Mortgage Explained

Digitgal Mortgage Explained

Show Notes Who wouldn’t love an easy button?  The internet, and technology has created easy buttons for many industries including watching TV and movies, shopping for cars, booking a vacation, or even listening to music. The mortgage industry is a couple years in on testing the digital mortgage easy button.  A digital mortgage in it’s…

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Josh Lewis – Expert Interview

Josh Lewis - Expert Interview

Show Notes Josh Lewis has been in the mortgage business since 1995, and he shares a wealth of knowledge and insight in this one on one interview. Our goal with these expert interviews is to give you exposure and access to the types of professionals that have committed their lives to helping others navigate the…

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2017 Underwriting Updates

2017 Underwriting Update - Part 1

Show Notes Over the weekend of July 29th, 2017, Fannie Mae rolled out it’s latest major update to Desktop Underwriter (DU), Version 10.1. DU is Fannie Mae’s automated underwriting system that is used to decision Fannie Mae Conventional, FHA and VA home loans.  DU version 10.1 rolls back some significant flexibilities that existed prior to…

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How Portfolio Loans Work

How Portfolio Loans Work

Show Notes A portfolio loan is not necessarily a specific loan program, but an approach to lending that some lenders are taking that offers greater flexibility than traditional loan programs like Fannie Mae, Freddie Mac, FHA, VA or USDA. Portfolio loans offer flexibility with waiting periods, income documentation, and loan amounts.  These are not “hard…

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Buying Multi-Family as Your First Home

Multi Family as First Home

Show Notes A Multi-Family residence, also known as a duplex, triplex or fourplex, is a powerful investment strategy for forward thinking first time home buyers. I am surprised that more people don’t know that you can buy a multi-family home with only 3.5% down payment, live in one of the units, have your renters make…

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How FHA Mortgages Work

How FHA Mortgages Work

Show Notes FHA mortgages don’t always get a fair shake. I often speak to home buyers that claim to have challenges getting offers accepted, or they are reluctantly using FHA and curse it’s mortgage insurance the whole time. In this episode, Josh and Scott dig deep into the advantages, disadvantages, and alternatives of using this…

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How Homebuyer Assistance Works

How Homebuyer Assistance Works

Show Notes Homebuyer assistance programs, for the purposes of this discussion are defined as money available for the purchase of a home by a State, County, or City or FDIC insured depository bank through the Community Reinvestment Act. are available help low to moderate income homebuyers by lending, or granting money that can be used…

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Mortgage Included in Bankruptcy?

Mortgage Included in Bankruptcy

Show Notes Including a mortgage in a bankruptcy will not prevent you from buying again.  And you might be surprised at how soon after a bankruptcy you are able to buy, it’s only a matter a few years. The timing for when you are eligible for financing again is going to depend on what happened…

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How to Use Gift Funds when Buying a Home

How to Use Gift Funds when Buying a Home

Show Notes It is very common to use “gift funds” to help with the down payment and closing costs when buying your first home. When someone cares enough about you to give you money to buy a home, you don’t want to inconvenience them during the process. In this episode, Josh and I explore the…

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How Automated Underwriting Systems Work

How Automated Underwriting Systems Work - Podcast

Show Notes Automated underwriting systems (AUS) are used by all traditional lenders to determine your eligibility for a home mortgage. The danger with “automated” underwriting is that there is no real filter to determine whether or not the information being input into the system is accurate. Most borrowers will not have to worry about automated…

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How to Buy a Home with Student Loans

How to Buy a Home with Student Loans

PodCast Show Notes: Student loans weigh heavy on many Millennial first time home buyers. These loans will show up on your credit report when you apply for a home mortgage.  Depending on the payment status of your loans, you may be in for a confusing, and frustrating ride. Over the past couple of years lenders…

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