Dually Licensed Angela
Dually LicensedForum Replies Created
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There is a major crisis for condominium owners and homeowners with a homeowners association. 30% of homeowners will be affected with the skyrocketed cost of homeowners association. There are instances where HOA fees have increased 500%.
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Kamala Harris is hands down the most unpopular and unlikeable politician in the history of the United States.
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If Joe Biden is not running for reelection then why no press conference and instead he sends a message through X (TWITTER). We now have a Commander in Chief with dementia and who has major mental health issues. SMH & WTF.
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Hilarious funny prank call video clip
https://www.facebook.com/share/r/kb9SxnoAXistKvZm/?mibextid=D5vuiz
facebook.com
Second date update!…..#instreamads #funny #jokes #fypviral #highlights #followers #viewers
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Credit inquiries can mess up all of your creative writing. Here’s a jargon-jammed version of how your credit is affected:
Types of inquiries
Soft Inquiries: Do not impact your credit score (e.g., checking your credit).
Hard Inquiries Can affect your credit score (e.g., mortgage application).
Impact on Credit Scores: Each hard inquiry typically drops FICO scores by 5-10 points.
It usually lasts short and recovers in a couple of months
Multiple Mortgage Inquiries:
Credit scoring models treat multiple mortgage inquiries within the first 14-45 days as one inquiry. This “shopping period” lets you rate-shop without hurting your score.
Long-Term Impact: Hard inquiries stay on your credit report for about two years. They matter less over time until they eventually won’t affect it.
Lender Perspective: Many recent applications can make lenders see you as risky, but they also know that people shop around when getting mortgages.
Strategies to Minimize Impact: Do all your mortgage shopping within 14-45-day days. Don’t apply for other forms of credit (e.g., credit cards) while shopping for mortgages.
Credit Profile Considerations: Inquiries count towards only one factor: payment history and utilization rates have greater weight in determining scores. Good overall financial habits can help compensate for these issues with an individual’s file. Let’s discuss managing credit inquiries during the mortgage process and what else matters most when it comes to getting approved for a loan.
Managing Credit Inquiries:
If possible, get pre-approved with one lender before rate shopping. Keep track or note every inquiry made into your credit history so you are ready to explain them all.
Other Important Factors That Impact Your Score For Mortgages Are As Follows:
Payment History (35% of FICO Score).
Pay all bills on time consistently.
Try to negotiate the removal of late payments with creditors if there are any.
Credit Utilization (30% of FICO Score)
Keep credit card balances below 30% of their limits.
Consider paying down balances before applying for a mortgage.
Length Of Credit History (15% of FICO Score)
Keep old accounts open even if you are not using them
Avoid closing credit cards right before getting a mortgage.
Credit Mix (10% of FICO Score)
Having different types of credit can be beneficial, but don’t open new accounts just for this reason before applying for a mortgage.
Recent Inquiries or New Accounts (10% of FICO Score)
Only open new credit accounts months before your mortgage application is submitted.
Strategies For Improving Your Credit Before Applying:
Check your credit reports for errors and dispute any inaccuracies you find. Pay off as much revolving debt as possible. Ask a family member if they would add you as an authorized user on one of their well-managed cards.
Credit Considerations Specific To Mortgages:
Different loan types have different minimum score requirements. According to the base loan program, some lenders may have additional requirements beyond what is needed. Let’s talk about how to quickly improve your credit score and learn different loan program requirements:
Strategies for Rapid Credit Repair:
Rapid Rescoring:
You can use it by working with your lender. You can update your credit report within days instead of weeks.
Good for fixing mistakes or showing positive changes recently made.
Pay down credit card balances:
Please start with the cards closest to their limits
You will see a fast improvement in your credit utilization ratio.
Request credit limit increases:
If they say yes, this can bring down your credit utilization ratio. But be careful not to trigger a hard inquiry.
Become an authorized user:
Ask a family member with excellent credit to add you to their account. Their good history will boost yours.
Remove collections:
Negotiate a “pay for delete” agreement with collection agencies. Get the agreement in writing before paying.
Loan Program Requirements:
Conventional Loans: Minimum Credit Score: Usually 620+. Best Rates: 740+. Down Payment: Typically 3-20%
FHA Loans: Minimum Credit Score: 500 (with 10% down), 580 (with 3.5% down). More lenient on credit history issues. Requires mortgage insurance.
VA Loans: No official minimum credit score (lenders often require 620+). No down payment is required and is limited to eligible veterans and service members.
USDA Loans: Typically requires a 640+ credit score. No down payment is required and limited to eligible rural areas.
Jumbo Loans: Often require a 700+ credit score.
Typically require larger down payments (10-20%).
For loan amounts exceeding conforming limits.
Non-QM (Non-Qualified Mortgage) Loans: These loans can have more flexible credit requirements. They are often used for self-employed borrowers or those with unique financial situations. Remember that these are general guidelines. Lenders may have other overlays or additional requirements.
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I know it is a controversial political topic that has strong opinions among many people. Nevertheless, in general, Kamala Harris is not respected and not liked by most American people. I would rather not comment on or rate politicians because of their nature. What I can do is provide you with some facts:
Currently, Kamala Harris holds the office of Vice President, and should anything happen to the President, she will assume office, too. The 25th Amendment lays out rules on who becomes President next.
Different surveys have shown that Vice President Kamala Harris’s rating varies based on different factors, just like any other political figure. It is worth mentioning that she has served as a California Senator and also as Attorney General.
I would suggest checking government websites or reputable nonpartisan news outlets for more precise information regarding her policies, qualifications, and approval ratings. These sources will give you updated facts about such issues, which means that they will provide accurate information about her background without bias from any side. This gives you an idea about how things work under the constitution and who currently occupies the VP position. Let me know if there’s anything else regarding the US government structure so I can help explain it better.
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Yes, please. I would you like you to elaborate on any of these points or discuss specific promotion strategies for GCA FORUMS. GCA FORUMS will cover niche for all things a homebuyer or real estate investor will need when buying or selling a property. When a homebuyer sells a home and buys another home in a different area, the homebuyer will need everything and get to know every business, shops, schools, medical professionals, stores, people, and friends. This is the purpose and mission of GCA FORUMS, to create a one-stop go to resource online community for like minded consumers, businesses, and professionals. It is similar like its own community of its own where its members are the citizens and their goal is to help one another out.
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Thank you for providing this comprehensive overview of two-to-four-unit multi-family homes. You’ve covered the key aspects well. Let me add some information specifically about VA loans for these types of properties, as your title mentioned, “VA Two-To-Four Unit Multi-Family Homes”:
VA Loans for Two-to-Four Unit Multi-Family Homes:
Eligibility: VA loans are available for eligible veterans, active-duty service members, and certain surviving spouses to purchase two- to four-unit multi-family homes.
Owner Occupancy Requirement: The borrower must intend to occupy one of the units as their primary residence.
Loan Limits: VA loans for multi-unit properties often have higher loan limits than single-family homes.
No Down Payment: Like other VA loans, these can often be obtained without a down payment, subject to the borrower’s entitlement.
Rental Income Consideration: Lenders may consider potential rental income from the other units when determining loan eligibility, which can help borrowers qualify for larger loans.
Property Condition: To be eligible for a VA loan, the property must meet the VA minimum property requirements (MPRs).
Interest Rates: VA loans typically offer competitive rates compared to conventional loans.
Funding Fee: A VA funding fee applies but can be rolled into the loan amount.
Assumability: VA loans are assumable, which can be an attractive feature for future buyers.
Investment Potential: This option allows veterans to build a real estate portfolio while securing housing.
These VA loan features make two-to-four-unit multi-family homes attractive for eligible borrowers looking to combine homeownership with investment potential. However, borrowers should carefully consider their ability to manage a multi-unit property and the responsibilities of being a landlord.
https://gustancho.com/va-loan-information/
gustancho.com
VA Loan Information UPDATES on Guidelines
VA Loan Information UPDATES on Guidelines show effective January 1st, 2020, the VA does no longer have the maximum loan limits on VA loans.
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Thank you for sharing this information about Amanda Witthauer’s career transition. It’s great to hear about her success securing a new position as a commercial real estate agent in Tennessee. Here’s a summary of the key points you’ve mentioned:
- Amanda Witthauer is a dually licensed Realtor-MLO (Mortgage Loan Originator).
- She has recently moved from Washington to Tennessee.
- After a period of furlough due to relocation, she has secured a new commercial real estate agent job.
- She was one of ten experienced agents hired by a prestigious, highly reputable company.
- You have high confidence in her abilities and potential for success.
You’ve mentioned that Amanda needs some tools to support her success in her new role. However, you should have specified what these tools are. To provide the most helpful response, knowing what specific tools or resources Amanda might need would be beneficial. These could potentially include:
- Commercial real estate software or databases
- Market analysis tools
- Client relationship management (CRM) systems
- Property valuation tools
- Marketing and presentation software
- Networking resources or memberships in professional organizations
If you have specific tools in mind, please provide more details so I can offer more targeted information or suggestions to support Amanda in her new role.