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Anyone hear of hard money hardminds? What is it and how much does it costs.

Are credit card companies lowering credit card limits of consumers or is it just me?

Kudos to Bill Burger-King. Buying a house in Puerto Rico is similar in many ways to buying a house in the mainland United States, but there are some unique aspects and considerations to keep in mind due to Puerto Rico’s status as a U.S. territory. Here are some steps and considerations for buying a house in Puerto Rico:

1. Determine Your Budget: Before you start looking for a house, it’s essential to determine your budget. Consider your financial situation, including how much you can afford for a down payment, monthly mortgage payments, and other associated costs like property taxes and homeowner’s insurance.

2. Get Pre-Approved for a Mortgage: If you plan to finance your home purchase, it’s a good idea to get pre-approved for a mortgage from a local bank or financial institution. This can help you understand how much you can borrow and make you a more attractive buyer to sellers.

3. Find a Real Estate Agent: Working with a local real estate agent who understands the Puerto Rican market can be very helpful. They can assist you in finding suitable properties, negotiating offers, and navigating the local real estate process.

4. Research the Market: Research the different neighborhoods and areas in Puerto Rico to find the one that suits your needs and preferences. Consider factors like proximity to schools, amenities, and the cost of living in the area.

5. Property Search: Start your property search based on your criteria and budget. You can use real estate websites, work with your agent, and attend open houses to find potential homes.

6. Make an Offer: Once you find a property you like, work with your real estate agent to make an offer. Negotiations may take place, and once both parties agree on the terms, you’ll sign a purchase agreement.

7. Home Inspection: It’s advisable to have a professional home inspection to assess the condition of the property and identify any potential issues.

8. Secure Financing: If you haven’t already, finalize your mortgage application and secure financing for the property.

9. Closing Process: The closing process in Puerto Rico typically involves various legal and administrative steps. You’ll need a notary public to oversee the closing, and you’ll sign the necessary documents. You’ll also need to pay closing costs, which can include taxes, title insurance, and other fees.

10. Ownership Transfer: After closing, the property’s ownership will be transferred to your name, and you’ll receive the keys to your new home.

11. Post-Purchase Responsibilities: Don’t forget to take care of utilities, property taxes, and homeowner’s insurance. Puerto Rico has property tax incentives for certain types of property owners, so it’s essential to understand your obligations and potential tax benefits.

It’s crucial to be aware of the legal and tax implications of buying property in Puerto Rico, as they may differ from those in the mainland United States. Consulting with a local attorney and tax advisor is recommended to ensure a smooth and informed property purchase process.

Additionally, keep in mind that Puerto Rico’s real estate market can vary depending on the region, so research thoroughly and consider working with professionals who are familiar with the local market conditions.

ChatGPT can make mistake

Here’s a story about how a Duluth Minnesota police officer stopped a vehicle driven by a male who had a child not in a car seat. The father told the police officer he did not have the money to buy a car seat. Instead of citing the driver, the police officer told the driver to follow him to Wal-Mart. The rest is history. Watch the video

https://www.facebook.com/share/RWaGJtshsWPB77qG/?mibextid=oFDknk

facebook.com

Cop approached the car and then this happened...🤯 | Cop approached the car and then this happened...🤯 | By STEVE on Watch | Facebook

Cop approached the car and then this happened...🤯

What planet is Jerome Powell in. Inflation is at 3%? I have so little respect for liars.

https://youtu.be/ImrKxlLJCEY?si=H8SMrwFTV0zlkW_8

German Shepherd Puppies are the all around best dog for you and your family. My first German Shepherd puppy was a female pure bred German Shepherd puppy named Jeannie when my father purchased it for me after my first semester of my freshman year in high school. Amazing best friend who was always there for me and became my buddy, best friend, and was always there for me. She didn’t need to get trained. Learned everything herself and communicated beyond belief

https://www.facebook.com/share/r/FGUrMTiZXt7yM8TB/?mibextid=nnhLG8

facebook.com

We’re German Shepherds #gsd #weregermanshepherds | P E L E | thefurrydogmother · Original audio

We’re German Shepherds #gsd #weregermanshepherds. thefurrydogmother · Original audio

Did you know that you need a landlord policy instead of a homeowner’s policy when renting out your house or home?

Many assume their homeowner’s insurance policy will cover their rental property, but that’s not true. Homeowner’s insurance policies are designed to cover owner-occupied homes and not rental properties. If you plan to rent out your house or home, you’ll need a landlord insurance policy to cover property damage, liability, and loss of rental income. A landlord policy is specifically designed to protect rental properties and provide coverage for risks unique to landlords. Ensuring you have the right insurance coverage to safeguard your rental property and financial investment is essential.

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India is also popular because of Indian Food. Indian food is diverse, flavourful, and has gained popularity worldwide.

Chase will be one year old come January 25th, 2024.

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• This discussion was modified 12 months ago by  Gustan Cho.

For change the profile, first go to your profile then click on Edit option which appeared in the profile where show all your details like name, nick name, email, phone etc. For example you want to change your general information then just click on Edit which appeared at right side of General information and if you want to show you last name for only your connection members then click on change and choose option . For more clarification please check below video and after that changes click on save changes button.

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What diet would you recommend to lose weight? Fruits, vegetables, salads, fish, nuts, or non-meat products? What type of exercise would be effective to burn calories and fat for someone with a heavy workload? Is there a simple workout program for adults or those who are older. I know the older you get the harder it is to lose weight. What triggers metabolism and not too difficult for people with a heavy appetite.

Here’s a video clip about Donald Trump insulting his political opponents that is true and funny

https://youtu.be/IhAI6uHCDng?si=riGL1OuBHbEAY-FO

Candace Owens exposes Barack Obama and Michael Robinson Obama. Barack Obama is the worst President of the United States 🇺🇸 far worse than former President Jimny Carter and thinks he’s the only President without a scandal in his two terms of the United States Presidency which is blatant lie. His scandals is slowly coming out and will be exposed.

https://youtu.be/rERky4xzbLM?si=8eMXM671GEGjeyls

Manual underwriting guidelines refer to the set of criteria and procedures that lenders use when assessing mortgage or loan applications manually, without relying solely on automated systems or credit scores. Manual underwriting is often used when borrowers do not meet the standard criteria for automated underwriting or have unique financial situations that require a more in-depth analysis. While specific guidelines can vary from one lender to another, here are some common aspects of manual underwriting guidelines for mortgages:

1. Credit History: Lenders will review the borrower’s credit history, including credit reports and scores, but may be more flexible in considering factors like late payments, bankruptcies, or foreclosures if they can provide valid explanations and show improved financial responsibility.

2. Income Verification: Borrowers must provide comprehensive documentation of their income, including pay stubs, tax returns, and bank statements. Lenders will assess the stability and consistency of income to determine the borrower’s ability to repay the loan.

3. Debt-to-Income Ratio (DTI): Lenders will calculate the borrower’s DTI ratio by comparing their monthly debts (e.g., credit card payments, car loans, and other obligations) to their gross monthly income. Lower DTI ratios are generally more favorable for loan approval.

4. Employment History: Borrowers are typically required to have a stable employment history or a source of income. Lenders may consider factors like job stability and potential for future income growth.

5. Reserves: Lenders may require borrowers to have a certain amount of savings or financial reserves to cover unexpected expenses or mortgage payments in case of financial hardship.

6. Non-Traditional Credit: In some cases, borrowers with limited or no traditional credit history may be considered if they can provide alternative forms of credit, such as rental payment history or utility bill records.

7. Collateral: The property being financed will undergo a thorough appraisal to determine its value and condition. The lender will assess whether the collateral meets their standards.

8. Compensating Factors: Borrowers with weaker credit or higher DTI ratios may still be approved if they can demonstrate compensating factors, such as a substantial down payment, a history of on-time rent payments, or significant cash reserves.

9. Manual Review Process: Manual underwriting involves a more detailed and hands-on evaluation of the borrower’s financial situation, which can lead to longer processing times compared to automated underwriting.

10. Flexibility: Manual underwriting allows for more flexibility and a case-by-case assessment, which means that decisions can vary depending on the lender’s policies and the unique circumstances of the borrower.

It’s important to note that manual underwriting is typically used for certain types of loans, such as FHA (Federal Housing Administration) loans, VA (Veterans Affairs) loans, and USDA (United States Department of Agriculture) loans, where borrowers may have less conventional credit profiles or lower credit scores. Each lender may have its own specific guidelines and criteria for manual underwriting, so it’s essential to work closely with the lender and understand their specific requirements.

Sammy The Bull Gravano Breaks the Silence as a Made Man. The second mafioso and the underboss of the Gambino Mafia Family. Seems like a sincere man and someone who is honest on what he is saying.

https://youtu.be/9ECEWShKAoM?si=Dg1QCSD0K0XlnXwY

My first grandson, Alexander. My oldest, daughter Monica Cho first child, Alex.

John Gotti used to be a flamboyant mobster whose fall was his big mouth and arrogance

https://youtu.be/sPL7S8QcJOs?si=XSEWVHTZJyiQoh3u

Former President Donald Trump wins the Iowa Caucaus in a landslide with 54% of the voters. Historic biggest win 🏆 in history. Ron DeSantis comes in second with 20% of the vote and Nikki Haley comes in third at 17%. DeSantis drops out of the 2024 Presidents race and decided to support Trump. Not Haley.

Here is 30 Dementia Joe Lying Cheating Biden Bloopers. This idiot is out of control

https://youtu.be/Aa8Kotg3dyY?si=UMzk1bGY0Qc7cd6P

Sammy the Bull Gravano was John Gotti right hand hand man and the number two mobster in charge. He murdered 19 man and was the hit man with the most number of hits. Sammy The Bull turned out to be a RAT for the FBI and join the witness protection program. Now with the release of his book , he gives a one on one interview with Diane Sawyer. Good video about the life of a real gangster hit man.

https://youtu.be/SUVj-wIegx4?si=f9yfg05za2pWrRWh

Here is a video clip of Chase enjoying playing with Stella in the snow. This is the German Shepherd puppy’s first major snow storm since he was born in January 25th, 2023. I adopted Chase four month ago and he had a rough time since he became 💔 a member of our family because he couldn’t play with our other dogs because he had two different types of worms, one which was an intestinal damaging worm that could have taken up to a year to heal. With a negative worm test last week, he has a lot of catching up to do being a playful puppy. Will post more videos

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Many clients come to us with the impression that their medical bills do not matter when it comes to home buying. They say that they were told that medical bills “don’t matter” or “don’t count”, leading them to believe that their score is somehow recalculated without the medical bills when buying a home. The truth is they DO count. If they are in collection status, they lower the credit score. They count the same as any other collection, even in the mortgage versions of FICO scores. Of course, what the lender actually means is that they do not count into the DTI, but the impression that a client gets is often incorrect. Medical bills can definitely lower the credit score, even to the point of disqualifying an applicant.

Congratulations on another nice five-star customer review for Alex Carlucci of NEXA Mortgage, LLC dba Gustan Cho Associates. Alex Carlucci always goes above and beyond for his borrowers and everyone becomes Alex’s life long friend.

I have sent an increase and rental request through my Property management company. Luckily for me, I’ve been able to convert some of those leads into future purchasers anyone have any ideas on how we can convert other leads to future borrowers.

Many heard about the Rothschild Family how they control the World 🌎 and the controversial things they do from financing wars to cannibalism to pedophilia, to the imnense power they have. The Rothschild Family is the World’s most powerful Family and many people heard stories about how they finance wars and with finance both parties to the war, as well as many other controversial things about them. Here is a link to a short informative video about the world’s best most powerful Family.

https://youtu.be/IbWl40xgw0A?si=neJ4-9wnq4KJ9dAU

We are going to launch John Parker’s websites and show the progress in this section. John, think about the layout, template, functionality of the following websites:

• http://www.bestvamortgageloans.com
• http://www.vastreamlinerefinancelenders.com
• http://www.fhastreamlinerefinancelenders.com
• http://www.realtormlocareers.com
• http://www.nexamortgagecareers.com

Half the nation’s mortgage loan originators and 60,000 real estate agents left the mortgage industry and real estate business as of 7 months ago. More realtors and more loan officers left the real estate and mortgage industries.

https://youtu.be/hocJn_xcm5s?si=jqXHitTWPRnjhd7d

10-Year Treasuries fell slightly to 3.92% which has been hovering between 3.72 to 4.15 the past four weeks fluctiating mortgage rates and relieving the fear rates may go higher for consumers, realtors, and loan officers. 30-year fixed rate mortgages trading down -0.29 putting rates at 6.49%. 15-year fixed-rate mortgages dropped -0.013 placing 15-year fixed-rate mortgage rates at 5.90% for prime borrowers. 5/1 ARM fell 0.67 pricing mortgage rates at 5.90%. Housing inventory remains tight and inventory lags with the demand for homes nationwide. Part of the imbalance of falling rates, high inflation, skyrocketing home prices, and a weak unpredictable economy with questionable validity on numbers and data released is a large percentage of homeowners who purchased homes two to four years ago have locked in mortgage rates around 3.0% and at the same time home prices have gone up an average of 50% over a period of three years, many homeowners do not want to sell and intend in staying put. If the circumstances were different, so will the homeowners agenda and may consider selling the current home or keeping the current home as a rental and purchase a new home whether upgrading or downsizing. Mortgage rates increased more than double of what it was just two years ago. The sudden interest rate jump to 8% have Americans with the mentality of not being able to justify investing in a new home for their primary home as well as investment homes. Many first-time home buyers who were qualfied and pre-approved around mid 2020 through the coronavirus outbreak in February 2021 who decided to wait because they were under the impression of a housing market correction and mortgage rates plummeting from 3.625% found it disappointing and disheartening that home prices have gone by 20% to 50% or more depending on the area and state and mortgage rates skyrocketing past 8.0%. Many homebuyers are now priced out of the market due to the sudden massive spike in housing prices. The monthly housing payment would have gone up from 50% to 100% where they can no longer afford with their wages. Wages have not kept up with inflation and high cost of goods and services. Americans still feel betrayed by the media and politicians at all level of government due to the deception, lies, truth being not told, fake news, political divide, and economic uncertainty in the nation. The country is maliciously divided by political party and the ideology globalists and extreme liberals are putting out is enough to make the American people not trust anything they hear until it has been fact checked and confirmed by reliable sources. Deaths from people who took the coronavirus vaccine and its boosters is increasing. More younger Americans in good health and shape are dying in their sleep due to blood clots or are getting diagnosed with fatal cancel losing their life prematurely. Many believe it is due to the coronavirus vaccine. The coronavirus vaccine has been cause of these premature deaths or illnesses of healthy individuals and many from all levels of society and profession swear the coronavirus vaccine has been engineered, created, and promoted to be the death tool and the solution to depopulate the world.

How do mortgage loan originators surviving these days during times of high mortgage rates, volatile and uncertain secondary mortgage markets, skyrocketing inflation numbers, one of the worst economies the United States is going through, surging home prices, politcial unrest and the media not reporting the truth, and uncertainty in the housing and mortgage markets. Home prices have increased 50% or more in the past three years, mortgage rates have gone from 3% to 8% in a 18 month timespan, mortgage companies closing their doors without much notice, and lenders laying off not just processors and underwriters but loan officers as well and cutting important expenses that should not be cut.

I have never purchased mortgage leads since I started the mortgage business. Are there any good mortgage lead companies?