Archive | Loans

American Soldiers Saluting US Flag

Veterans

American Soldiers Saluting US Flag According to a recent CareerBuilder article, nearly 250,000 service members transition out of the military every year. Not only are small businesses providing jobs for veterans, they are reaping the benefits of some great tax credits. Veterans offer a wide variety of skills and qualities that could benefit your business. […]

Continue Reading 0
business man pointing to transparent board with text: reverse mortgages

FINANCIAL ASSESSMENT FOR RM’S IS WORKING

Acquiring Date In its fifth year, FHA’s policy of requiring the financial assessment of the borrower’s ability to pay has cut tax and insurance defaults by over three quarters and serious defaults by over two-thirds. This article by New View Advisors quotes Ginnie Mae data, they state, “We grade Financial Assessment’s performance as a solid […]

Continue Reading 0
mortgage word cloud concept

VA CHURNING RECOMMENDATIONS

The Government had the opinion that certain lenders were “refinancing” VA loans too often, and the loans were not always in the “Best interest of the Veterans.” They wrote some new regulations. Now, when you make VA loans, you have to be familiar with the terms “Net Tangible Benefit, Loan Fees, LTV Ration Loan Seasoning, Disclosures, […]

Continue Reading 0
dbo logo

DBO CONSUMER ALERTS

Important Information This information is important for DBO’s, DRE’s, and FDIC’s. The alert on 5/29/19 is especially pertinent. The title is “Website FDIConnect.com should not be confused with Federal Deposit Insurance Corporation.” New Techniques Scammers keep coming up with new techniques. It is our job to protect our clients, friends, and the public. For a […]

Continue Reading 0

More Information & Classes - www.DuaneGomer.com