Buying Florida

Do you shop online? Do you go with a referral, someone in the community? Is it from a realtor, friend, or someone from your work What are questions to ask when getting rates and costs Are they 9 to 5 and does it matter? Will they attend the closing? Is there any value to that? Is ti a one time deal or a partner for life? Visit www.ddamortgage.com for more info and videos Support the show

Funds to close on a home: How much down do you need? Fund down for fha, va, conventional and non qm loans Down payment assistance - how does that work Where are the funds coming from The ground - pillow -  Gift from a family member 401k Checking, savings, stocks? Seasoning - what does that mean How can you preplan in order to purchase a home Weird deposits, is that good? Support the show

Downpayment - what is available Down payment assistance Borrower from your 401k Gift of funds from a family Funds have to be paper trailed Seasoning for 2 months Support the show

Graduating high school - what do you do? Bad things happen to good people , what do you do? What causes low credit scores and what can you do? How does the credit score scale work? Does it affect the rate and your monthly PMI if you put less than 20% down? Support the show

When do you order an appraisal? What happens if the value is higher, the same or lower? If it is lower than what can you do? Is there a solution and how does it affect conventional,fha and va? Appraisal waivers and how does that work? Is this something that will continue to expand the appraisal waiver and how does it affect us Get all of these questions answered and MORE! Support the show

 What is a non QM loan and how does it differ from a QM Loan Does it apply to owner occupied homes, second homes and investor home? What type of programs are their Why would someone need a non QM loan Is it growing from previous years -  Is it comparable to sub prime was over 10 years ago? Is it a good loan for the consumer? Do you like doing them? What do you see in the future regarding this prod...

Rates are coming down Do we just go for savings or do you switch gears and look at reducing the term How can we taylor make our refinance - just a 10-15-30 year? What about the interest rate What about debt consolidation Kids student loans due for payments, addition to the home, consolidate credit card debt What are the benefits putting it all in one loan vs paying everyone else Are you making the...

What happens when you are delinquent? Are we heading into a recession How many are past due on their mortgage What actions do you take Should you just do nothing What about the big tech companies Who should you be dealing with What is the plan of attack - is it to be defensive or offensive www.ddamortgage.com Support the show

Taking the loan application Electronic signatures Downloading supporting documents Ordering title Getting home inspection/ then ordering appraisal Getting home insurance Getting any outstanding documentation Going to closing Wiring money Listen in for extra tips because I'm gonna quiz you! Support the show

Conventional financing  - limited review Qualifying - what do they include in the debt ratio - a. Insurance and b. Association fees Conventional financing - full review VA - condos FHA condo approval New info never shared before that I just recently learned about myself for the VAs out there. Visit me at www.ddamortgage.com Support the show

Here's what you'll on this week's episode: Is it time to refinance Are you consolidating debt or is it a rate term only What makes sense cost wise and what drop in rate do you need What time frame to recuperate your costs  How long do you plan on staying in the home Are there more drops in rates ahead How does that affect buying? Wjhat is this telling us when the rates are dropping?...

Do rates drop down the day of the announcement Fed vs wall street Does it make sense to refinance What does the future hold for this year What does it hold for 2020 http://www.ddamortgage.com Support the show

The initial loan application doing electronic signatures and signing the CD During the process of the loan , CD’s going out all the time 3 days before closing, the Cd going out from the lender 2 days before closing getting the Actual CD  wire/check/cashier check Filing homestead and possible portability Once you leave closing, and get letters to buy your recorded deed-scam Support the show

How do you get prequalfied? We need to know 3 things and that is Credit , income, and funds What are things to look for if you are self employed, 1099. Commissioned What if you have been unemployed for a long time What if you just graduated college? Get the answers on all of this and more! Support the show

Ever wonder what's involved in getting a loan when you're buying property? This episode breaks it down and walks you through the process of getting your loan and explaining what's involved, starting with: Taking the phone application Sending out the electronic package Going over the CD Electronically signing package Uploading your supporting documents Processing Review file Email ou...

 Buying a home - should you go FHA or conventional What are the differences between the 2 What about putting 20% down and less than requires PMI What are the down payments for owner occ, second home, and investment What is the difference in rate What is the difference between and arm and fixed What are differences in costs Support the show

What should YOU be aware of when buying a home in Florida? Find all the answers in this episode: The answer is yes you are protected Find and use a realtor What is in place to protect you from what the realtor does for you How does applying for a mortgage protect you, for example appraisal, title insurance , survey, pest inspection Closing - what do you do when it is time to send funds for closing...

Looking to buy an investment property in Florida? It could be easier than you think. Topics covered: Buying investment property conventionally Are we back in 2008? Discuss other options for those that have out of the box situations Going NINA how does it work Why would you go NINA Does it fall under the Dodd Frank Bill Second homes, primary out of the box loans foreclosure/short sale/ Bankruptcy V...

It's not as difficult as you think to own property in the US and more specifically, Florida In this episode I talk about: Who is considered a foreign national Who does foreign nationals What are the requirements Do you need  a green card? Do you need a job? Do you need tax returns and bank statements? Find out about something brand new that makes it even easier to own investment property in t...

Why would you use this type of loan and does it benefit you? Listen and find out the various types of renovation loans FHA203k limited and full Conventional VA Home Improvement There are many opportunities out there for buying and it IS possible to get what you want. Let me show you how. Support the show

I'm always surprised to learn that so many VAs never take advantage of VA loan opportunities and maybe because there are so many assumptions out there. I'm going to clear up the confusion and squash those fears about what you can and cannot do or qualify for. In this episode find out: Who is eligible How does it work How does it compare to other loans What types of properties can you buy...

This episode will cover: how much of a down payment is required for FHA, VA, Conventional non qm loans where the down payment can come from what about closing costs? Also covered are the differences between investment and primary residence and how that affects your buying options. For more info and ask questions visit http://www.ddamortgage.com Support the show

Discussed the income to qualify for conventional, FHA, VA and now new products coming out that will use other documents to qualify such as bank statements, profit and loss and what about the NINA loan, is it coming back - it is here. Support the show

Does credit affect you getting a mortgage This premier episode starts off where you need to start when you're thinking about buying property. Didier talked about credit scores, no scores, and the super important - how to get credit How does all of that affect getting a mortgage? Find out all the ins and outs from someone who's been doing this for 30+ years. Get more info on how to buy in...