Bentley
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Joe Biden addresses yesterday’s former President Donald Trump assassination attempt.
https://www.youtube.com/live/WH8SCngfaVI?si=w0TVD9zs4QLnITf8
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Here’s the latest update on the assassination attempt on Former President Donald Trump yesterday in Butler Pennsylvania. The shooter was killed. One Trump supporter, a 50 year old fire department Captain died at the scene. Two other Trump supporters got shot and are hospitalized in serious condition. No further information is known at this time about the victims. Jonathan Willis is a police department SWAT sniper who had the shooter in sight with his rifle ready to shoot to kill for three minutes. Jonathan Willis could have taken the shooter but was ordered not to shoot and kill the shooter by upper brass of the United States Secret Service
There is more to this story on the assassination attempt. Is the Secret Service and the FBI behind the assassination attempt in the assassination attempt of Former President Donald Trump? Remember that the truth always comes out. Is the Biden Administration involved?
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Dementia Joe Biden needs to stop being in a state of denial and enjoy the little time he has left on Earth 🌎.
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Bentley
MemberJuly 10, 2024 at 7:42 pm in reply to: Democrat Doctor Says Joe Biden has Parkinson DiseaseGeorge Clooney joins other Hollywood elites in retracting his endorsement of Joe Biden.
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Bentley
MemberJuly 8, 2024 at 4:22 am in reply to: Election of 2024: Who Are The Candidates For PresidentDemocrats are turning in Joe Biden due to Biden’s deteriorating dementia and over 25 Democrat Congressmen are demanding Joe Biden to step down.
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Joe Biden needs help. Listen to him. Biden is claiming he’s the man who put Russian President Putin down. Dementia Joe Biden has lost it.
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Compensation systems can considerably differ from one organization to another and change over time. In order to get precise and current information about NEXA Mortgage’s residual revenue share program, I suggest reaching out directly through their official website or HR department and talking to a NMLS licensed loan originator currently working there as well as looking into any compensation information available in NEXA’s job postings or recruitment materials which are made public. There are many different components of mortgage companies pay structures such as base salary, commissions, bonuses and various incentives among others. For instance; it is common that residual revenue sharing programs allow for continuous payment of originators’ loans even after they have been closed initially. But what exactly happens at NEXA Mortgage would need verification from somewhere credible so this is just general knowledge about common practices in the industry related to compensation for mortgage loan officers(MLOs).
Base Salary: A few MLOs may receive a base salary but it is not offered by all lenders universally hence its amount may vary greatly according to ones level of experience as well as the company involved.
Commission: These are generally known as core parts of most MLO compensation plans where they usually take up percentages calculated against either loan amounts or total revenues generated from loans though this percentage could be different depending on factors like types of loans being dealt with among other things.
Basis Points (BPS): Sometimes commissions are expressed using basis points which show how much should be given for each 0.01% increase in loan size.Therefore if we had an example that reads 100 BPS on a $200K then we can easily calculate $2k.
Tiered Commission Structures: In some instances higher commission rates might be given by lenders when certain production thresholds have been achieved by loan officers within their employ.
Bonuses: May apply during certain periods e.g when new customers come in or specific sales targets are met etc.
Revenue Share: This is just like what you said about NEXA but here MLOs earn a percentage of company’s revenue from the loans they originate which is sometimes even beyond closing dates.
Override: When junior officers are being supervised or mentored by senior ones, there could be override commissions awarded to them based on production.
Benefits: Even though not directly considered as part of remuneration packages these benefits such as health insurance plans, retirement schemes and paid leave days off etc still play significant roles in an employee’s life.
Draws: Some companies may provide draws against future commission earnings thus ensuring that loan officers have more consistent income streams however this has to be repaid back out of subsequent paychecks obtained later on.
Residual Income: Few lenders offer payments over lifetime of loans for example.
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Getting a USDA loan and an FHA loan at the same time can be complicated and is generally not allowed. Here are some things to know: USDA loans are for primary residences only. The home being financed with a USDA loan must be the borrower’s main residence. Similarly, FHA loans are also for primary residences. The borrower is required to live in the property as their primary home. Both of these loans require strict occupancy rules.
They must certify that they will occupy the house as their principal residence. There may be exceptions in rare cases; for example, if someone has a USDA loan on their primary home and wants to buy another one because they’re moving for work and need two places to live temporarily or permanently until they sell the first one (which would also have been considered their previous “primary” residence). However, getting approval for such an exception is difficult and involves providing lots of evidence plus good reasons why it should be granted along with strong justification(s) thereof.Suppose a person already has a USDA mortgage loan on their main living address but now wants to purchase another property that will serve as his/her second/vacation home; what this means is that he/she needs prove beyond reasonable doubt that the new house shall become his/her main dwelling place.If the initial dwelling place acquired through financing provided by United States Department Of Agriculture (USDA) still belongs to its buyer; then no other homes may be procured via this particular type of funding while FHA-owned houses exist.If such individual already possesses Federal Housing Administration insured mortgage credit facility which enabled him/her acquire current abode; then before applying again using similar scheme but seeking finance from US Department Of Agriculture Rural Development Program (RD); there certain requirements which have got be met so that this new structure can qualify under definition prescribed under current statute law: e.g., it has never served as his principal homestead at any time prior thereto or else had ceased functioning in that capacity before application was made.Also, it is very rare for someone to have both an FHA loan and a USDA Rural Development Program mortgage at the same time. In order for these circumstances occur, there must be extenuating factors which would require additional documentation from the borrower as well stricter guidelines set forth by each respective lending program involved with this type of transaction. The best thing you can do if you are considering getting a USDA or FHA loan (or both) is talk to lenders who work with these types of loans frequently. They will be able to give more specific information about what is possible based on your particular situation. If there are special reasons why someone might need two different types of government-backed mortgages simultaneously, such as being relocated by one’s employer across state lines; then make sure all necessary papers are filled out completely so that there no doubts whatsoever concerning applicant(s) genuine intention(s) behind such action(s) nor their ability(ies) show cause thereof convincingly to both financial institution(s). If you want to buy another house besides the first one bought through FHA financing; then don’t use USDA loan to fund second home purchase. These programs have similar requirements about primary residence ownership but they don’t always match up perfectly in practice which means that technically speaking it may still be possible under certain limited circumstances where somebody could get approved for one type while being denied other due mainly – although not exclusively -to differing interpretations given by different agencies responsible for administering them.Simultaneous receipt by any person(s) two primary residences using US Department Agriculture (USDA) Rural Development Program (RD); plus those acquired via Federal Housing Administration insured credit facility; although theoretically feasible only under very exceptional conditions usually cannot happen because rules governing eligibility into programs precludes most individuals from qualifying for either during their entire lifetime unless otherwise stated differently by law makers themselves hence should consult knowledgeable lenders in order find alternative solutions ensure compliance with all regulations applicable hereupon
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It may be hard to qualify for USDA loans with unpaid collection accounts, charge-off accounts, and recent late payments. But USDA guidelines do allow some flexibility. Here are the main points: All accounts that went into collections don’t have to be paid off in accordance with the guidelines provided by USDA. Nonetheless, there could be overlays (additional requirements) for lenders that need collections to be paid off. Check with the specific lender you’re working with as it is important. If there are large amounts of money owed on collections; setting up a payment plan and making regular payments might help. The lender may require additional documentation or explanations if significant charge-off amounts exist although they are not repaid back based on what was stated under USDA rules . A borrower’s eligibility can be affected by having late payments within one year before applying for this loan program at any time during those 12 months all bills must have been paid on date due without exception unless good cause can shown why such action did not occur according to United States Department of Agriculture Rural Development Agency Guidelines Typically, lenders want to see at least 12 months worth of timely rental history but sometimes there’re exceptions especially when strong compensating factors (such as low debt-to-income ratio, stable employment, or significant savings) exist underwriting flexibility could look like When bad credit such as unpaid collections; charge-offs; and/or late pays are present in a file other things might be needed to make it stronger: Solid continuous employment with enough money coming in every month Lower DTI ratios will offset some credit issues Saving a lot of cash demonstrates financial stability in cases where payment plans worked out well for major collection items written explanations should State what happened and why you couldn’t pay or perform under adverse circumstances so please make sure these steps have been taken into account.
Steps For Getting Approved
Review Credit Report:
Make sure everything is accurate.
Dispute any errors.
Talk To A Lender Who Knows About USDA Loans
Go over the particulars with them.
Let them help you.
Prepare Financial Documentation That Shows Stability & Ability To Payback Loan
Consider setting up payment plans and making timely payments for significant collections
Write a clear explanation why any late payments or adverse credit events happened and how much it affected your score, especially if it was beyond anyone’s control.
Nevertheless, unpaid collections; charge-offs; and recent late payments do make qualifying for a USDA loan more complicated. However they might not necessarily be deal breakers since lenders will take into account overall credit profile including compensating factors. Therefore, ensure that you are working with an experienced loan officer who is capable of aligning their overlays to fit within USDA guidelines where applicable. In case your client can provide adequate documentation along side substantial compensating factors then they may still qualify despite having some credit challenges when applying under this program.