Does anyone know the updated Fannie Mae two-to-four ulti-family guidelines on Conventional loans for owner-occupant, second homes, and investment properties?

Are there any two-to-four unit multifamily non-qm loans with 10% down payment? Bank Statement Loans, DSCR loans, asset-delpetion, or any other alternative lending programs?

The terms “RV” (Recreational Vehicle) and “camper” are often used interchangeably, but they refer to slightly different things in the world of mobile living spaces.

RV (Recreational Vehicle):

• RV is a broad category that includes any motorized or towable vehicle that has living quarters. These vehicles are designed for both short-term leisure activities such as vacations and camping, and for long-term living.
• RVs encompass a range of vehicles including motorhomes (Classes A, B, and C), travel trailers, fifth wheels, and pop-up campers. Each type offers different sizes and levels of comfort, from luxurious Class A motorhomes to more compact and minimalist pop-up campers.

Camper:

• “Camper” generally refers to smaller types of RVs, particularly towable units that can be attached and detached from a vehicle. Often, when people say “camper,” they are referring to either travel trailers or camper trailers including smaller variations like teardrop trailers.
• Campers are usually more focused on providing basic amenities and sleeping facilities, making them ideal for shorter trips or less frequent use compared to full-scale RVs, which might include more extensive facilities and living comforts.

Key Differences:

1. Scope: RV is a catch-all term that includes a wide variety of vehicles with living accommodations, while a camper typically refers to smaller, towable units.
2. Size and Amenities: RVs range from large and luxurious motorhomes to smaller and more utilitarian vehicles, offering a wide scale of amenities. Campers tend to be smaller, less expensive, and offer fewer amenities, focusing more on the essentials.
3. Intended Use: RVs are suitable for a wide range of uses from weekend trips to full-time living. Campers are more commonly used for short vacations or weekend camping trips.

Understanding these distinctions can help in making more informed decisions based on one’s needs for travel, comfort, and budget when considering what type of mobile living space to acquire.

NEXA Mortgage has revenue share which is residual income for loan officers and employees for NEXA Mortgage. Residual income is an override of every loan officer they recruit who does production. The residual income is through revenue share of loan officers monthly revenue and it goes down three levels. CEO Mike Kortas does a Zoom webinar live every Thursdays at 11 am Arizona time. It is a live Q and A for all loan officers who are interested in joining NEXA Mortgage. I have been with NEXA Mortgage going on two years come February 24th, 2024 and I can attest that CEO Mike Kortas is the real deal. We have a rock solid Chief Executive Officer and with that, we have a rock solid foundation. It is hands down better to take a few steps backwards to go forwards and make sure whatever you do, make sure you have a solid foundation. Anything with a weak foundation will not last. You can build a multi-million dollar home in a cracked foundation and it is not if it will crack but when it will collapse. I have been in the mortgage industry since 2012 and was a real estate investor and developer since 1998 and I have never met so many scumbags in any industry like the mortgage industry. Most CEOs of mortgage companies will tell you one thing and not honor their word in a matter of months. CEO Kortas has honored every single word he has said or promised. Never in my career have I ever met such a man of integrity, honor, and fairness like CEO Michael Kortas. With a strong foundation, you can rest assured you have the keys to your destiny in the mortgage industry.

https://gustancho.com/mlo-revenue-share-residual-income/

gustancho.com

MLO Revenue Share Residual Income For Loan Officers

Loan officers at Gustan Cho Associates will have the opportunity to participate in the MLO Revenue Share Residual Income, up to $3 million down.

Many mortgage companies do not allow real estate agents to become loan officers at their mortgage company. Licensed realtors need to surrender their real estate license and put the real estate license in hibernation if the mortgage lender is going to sponsor them. This is not the case at NEXA Mortgage. Realtors can become loan officers at the same time and can represent their homebuyers as their loan officers on the same transaction. Here is the blog that was posted on this matter:

https://gustancho.com/can-realtors-be-loan-officers/

• This discussion was modified 1 year, 10 months ago by  Gustan Cho.

gustancho.com

Can Realtors Be Loan Officers at the Same Time?

Can Realtors Be Loan Officers and make money on the same transaction? The dual realtor/MLO gets compensation as the realtor and loan officer.

This subforum will feature Tatiana Bougdaeva, a mortgage loan originator licensed in multiple states and banking professional with over thirty years of experience. Besides being an expert in the lending and real estate profession.

Tatiana Bougdaeva @Tatiana My good friend and business associate Tatiana Bougdaeva is a the owner, founder of Kalm Strategy. Tatiana Bougdaeva is a life coach and will explain what she does helping fight the aging process, and bringing yourself to peaceful and healthy life style.

Organic Anti-Aging Coaching Program

Check out her website at http://www.kalmstrategy.com

• This discussion was modified 1 year, 10 months ago by  Gustan Cho.
• This discussion was modified 1 year, 10 months ago by  Gustan Cho.

kalmstrategy.com

Kalm Strategy | Stress management, bring peace, health and wellness, Yoga, Reiki and Shamanic healing

Kalm Strategy | Stress management, bring peace, health and wellness, Yoga, Reiki and Shamanic healing

I appreciate the wealth of information on the Great Community Authority FORUM for the resources available in furthering my career as a branch manager and NMLS licensed loan officer. I could not believe what I have heard today by a fellow mortgage loan originator, a member of this forum, who owns her own mortgage brokerage company. My friend who owns her own mortgage broker company and is licensed in six states always had countless leads from states she was not licensed but could not monetize on those leads and realtor referral because of her mortgage brokerage only being licensed in three states. One of the options my friend had was give up her own mortgage broker shop and close it and join a larger mortgage company with NMLS licenses in most of the 50 states. However, her mortgage broker shop is her baby and she put a lot of sweat and equity in creating and launching her mortgage shop. The great news that was revealed to my friend which can apply to me is that a licensed mortgage loan officer can be licensed with multiple mortgage companies at the same time. Therefore, you can have and own your own mortgage shop licensed with a few states and simultaneously be sponsored with another mortgage company and be licensed in the states your own mortgage broker shop is not licensed. By doing so, you can be licensed in all or most of the 50 states and be in compliance and not worry about crossing the grey area. My friend asked me to reach out to @Bruce , Esq., MBA, LL.M. for more information. From my past experience, if a deal sounds too good to be true, it normally is. I would love to hear a lot more about this. I spoke to Danny Vesokie, President and Founder of Affiliated Business Partners, a commercial loan training school, and Danny did say to reach out to @Bruce . for more detail information because Bruce sponsored by three mortgage companies at the same time

https://www.youtube.com/watch?v=0TKHRlvHNWc

• This discussion was modified 1 year, 10 months ago by  Gustan Cho.
• This discussion was modified 1 year, 5 months ago by  Sapna Sharma.
• This discussion was modified 1 month ago by  Sapna Sharma.

Hello & Good Morning Everyone!

I wanted to create this new topic based on the recent crypto increases this week –

I am looking forward to hearing all your thoughts on what coins/token you have in your trusted portfolio & what you expect for 2024.

https://www.coindesk.com/markets/2023/11/10/bitcoin-could-hit-69k-by-mid-2024-as-it-enters-acceleration-phase-analyst-says/

coindesk.com

Bitcoin Could Hit $69K by Mid-2024 as It Enters Acceleration Phase, Analyst Says

BTC prices have doubled this year amid a spot ETF push by prominent traditional finance firms.

My client would like to get financing for the following scenario:

• Client that owns property outright and is hoping to
  build an apartment building(s) on this property
• Client
  wishes to finance 100% of the buildout
• The
  property is in Texas
• Value
  of Land $250K
• Estimated
  construction cost $600K
• Credit
  score estimated at 700
• What other parameters must be considered? Reserves, LTV, etc.? Could this qualify via DSCR?

• This discussion was modified 1 year, 11 months ago by  Sonny.
• This discussion was modified 1 year, 11 months ago by  Sonny.
• This discussion was modified 1 year, 11 months ago by  Sonny.

Every mortgage company I have contacted says they do not finance mobile homes. Many lenders told me that buying a mobile home is not buying real estate even though I am planning on making my forever dream home. What am I hearing. I thought it was easy to finance a mobile home. Other people I talked to on a different community assistance forum said that it is very easy to finance a mobile home. Can anyone at Great Community Authority Forums know if it is easy to finance a mobile home. Can you please explain why a mobile home is not real estate? If a mobile home is not real estate, what is it then?

• This discussion was modified 1 year, 11 months ago by  Sapna Sharma.
• This discussion was modified 1 year, 5 months ago by  Sapna Sharma.
• This discussion was modified 1 month ago by  Sapna Sharma.

I know there are several local, county, state, and federal law enforcement officers and many lawyers who are members of GCA FORUMS and members who have gotten out of traffic tickets when pulled over by law enforcement. What is the best strategy to have the cop give you a break from writing you a traffic ticket or DUI?

https://blockclubchicago.org/2023/06/05/this-chicago-cop-got-out-of-44-tickets-by-saying-over-and-over-that-his-girlfriend-stole-his-car/

blockclubchicago.org

This Chicago Cop Got Out Of 44 Tickets By Saying Over And Over That His Girlfriend Stole His Car

This story was originally published by ProPublica, a nonprofit newsroom that investigates abuses of power, and the Chicago Tribune. Sign up for

Ladies and gentlemen, breaking news. Our first transgender first Lady, Big Mike Obama

A huge happy Birthday to brother in law Big Dennis Drake 🙏 ❤️ 💙 🙌 💪 ♥️ 🙏

Dennis Drake is 65 years young today. 😳 Dennis, my man, enjoy your special day and take advantage of the precious minutes ❤️. Love you brother 🎂 🥮 🍥 🥞 🧁 🍰

Sylvester Stallone makes it official. Sylvester Stallone and his family are fleeing the state of California and will set their home in Florida. Never in history so many Californians are fleeing California than ever before. Skyrocketing crime rates, Clownshow politics, high taxes, ridiculous home prices, and hemorrhaging economy. California is losing so many residents they are losing congressional seats due to losing population. With an incompetent governor and unaffordable Housing, people are fleeing to Texas and Florida as well as dozens of other blue states.

https://youtu.be/Ilk8vBJXAQE?si=ir5Pg8md28ycCi7E

James O’Keefe undercover with double agent whistle blower who tells it all. As time passes, there’s more evidence Pfizer was in cohoots with Dr. Anthony Fauci, Bill Gates, the Rothschild Family, George Soros, Barack Obama, Bill and Hillary Clinton, Joe Biden, Kamala Harris, the liberals, and the Globalists in depopulate the world 🌎 with weapons weaponizing the coronavirus vaccine and using the COVID-19 Vaccine as a weapon of mass destruction. There is more and more evidence the coronavirus is man made headed by the evil 😈 Dr. Anthony Fauci with support of Bil Gates and the Globalists. Slowly but surely more people are coming out as whistle blowers and is revealing how the coronavirus vaccine is contributing to thousands of deaths among healthy young children and young adults who have taken the coronavirus vaccine and the boosters. Joe Biden Administration and the Democrats are still strongly pushing and encouraging people to still take the coronavirus vaccine and the boosters.

https://youtu.be/RHbW–6oUQM?si=8nszNmk2ntKsNzEF

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.