Well, I got an email yesterday from a client who was surprised that I had not posted much in the past few months. He asked me if I was dead or alive of had simply given up on mortgages. I am here to set the record straight. I am not dead. I have not yet given up on mortgages—though at times in the past year I have wondered if I should!
So, here is your update: With banks struggling to find money to lend, it is becoming more common for home buyers and borrowers to be forced into considering FHA loan programs. FHA guidelines allow lower income, weaker credit scores and higher loan to value ratio. Recognizing that necessity, I have moved my mortgage affiliation to Envision Lending Group (www.envisionlending.com) . The reason is simple: I have access to all the great programs that my clients have come to expect and I also have access to the FHA programs that are becoming a necessity for many homeowners.
WHAT DOES IT MEAN FOR YOU? Nothing. Nothing has changed , except that now the name on the loan applications will read Envision Lending Group.
In the coming days look for more information on the new FHA loan requirements and processes.
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