Loan Officer Bruce
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They can qualify for EPM EMPOWERED DPA PROGRAM. It is a forgivable down payment program for first-time homebuyers. A first-time homebuyer is a buyer who had no ownership on a homeownership in the past three years. There are other down payment assistance programs as well. You can streamline the EPM DPA PROGRAM after six months and do not have to pay the down payment assistance.
https://gcaforums.com/topic/how-does-epm-empowered-dpa-program-work/
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HOW DOES EPM EMPOWERED DPA PROGRAM WORK? - Great Content Authority Forum
How does EPM EMPOWERED DPA and GRANT PROGRAM work? How do I qualify for the EMPOWERED DPA PROGRAM for first time homebuyers?
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Reserves is when a lender require additional funds for borrowers that is the borrower’s own funds. One months of reserves means one month of Principal, Interest, Taxes, and Homeowners Insurance (PITI). All manual underwriting FHA and VA loans require one months of reserves. Multi-Family mortgage loans require one months of reserves on two units, three months of reserves on three to four unit owner occupant properties and six months of reserves on investment property multi-family units. When a mortgage underwriter conditions for “reserves,” it typically means they are requiring the borrower to have a certain amount of liquid assets (cash or cash equivalents) left over after closing on the mortgage loan.
Reserves are essentially a pool of funds that the lender wants the borrower to have available as a safety net in case of financial hardship or a disruption in income. The required amount is usually calculated based on the borrower’s monthly housing costs and other debt obligations.
Some common reasons why reserves may be conditioned:
- Risk Mitigation: Lenders see reserves as a way to reduce the risk of default, as the borrower would have funds to cover mortgage payments if they temporarily lost their job or had another financial setback.
- Investment Properties: If the mortgage is for an investment property instead of a primary residence, higher reserves are usually required (e.g. 6-12 months of mortgage payments).
- Loan Program Requirements: Certain loan programs like jumbo loans often have reserve requirements written into their guidelines.
- Compensating Factor: Strong reserves can sometimes allow lenders to compensate for other risk factors like high debt-to-income ratios.
The amount of reserves required can vary based on the lender’s policies, loan amount, property type, and the overall risk profile of the borrower. Typical reserve requirements range from 2-12 months of housing costs. The borrower must provide documentation like bank statements to evidence they have sufficient assets remaining after closing to satisfy the reserve condition.
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Here are a few classic funny dog videos that might brighten your day:
- “Guilty Dogs Compilation” – Dogs caught in the act of misbehaving and their hilarious reactions.
- “Talking Husky” – A husky having a conversation with its owner in a funny, almost human-like voice.
- “Dog Fails Compilation” – Dogs attempting various activities and failing in amusing ways.
- “Dancing Dog” – A dog that seems to have some serious dance moves.
- “Puppy Confused by Hiccups” – A puppy’s adorable confusion when experiencing hiccups for the first time.
These videos can be found on platforms like YouTube and social media sites. Enjoy the laughs! Dogs certainly have qualities that many people admire and appreciate, such as loyalty, companionship, and unconditional love. While it’s not accurate to say that dogs are objectively “better” than people, they do offer unique benefits and can often bring joy and comfort to our lives in ways that are special and profound.
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“Talking Husky” – A husky having a conversation with its owner in a funny, almost human-like voice.
Talking Husky. That video is a classic! In it, a husky named Mishka appears to be conversing with her owner in a way that sounds remarkably human-like. Mishka gained internet fame for her ability to “talk,” which involves making a range of vocalizations that sound like words. While Mishka isn’t actually speaking human language, her vocalizations are incredibly expressive and entertaining, making the video a hit among dog lovers and internet users alike.
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Can you please get me the links
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Absolutely amazing beautiful puppy. 😍 love ❤️
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Oldies songs generally refer to popular hits from the late 1950s to the 1970s. They encompass various genres like rock and roll, pop, R&B, and soul. Here are some notable examples:
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Rock and Roll:
- “Johnny B. Goode” by Chuck Berry (1958): This high-energy rock and roll song is an iconic standard of the genre.
- “Rock Around the Clock” by Bill Haley & His Comets (1954): Often considered one of the first major rock and roll hits.
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Pop:
- “I Want to Hold Your Hand” by The Beatles (1963): One of the songs that marked the British Invasion and the Beatles’ influence on global music.
- “Be My Baby” by The Ronettes (1963): A classic produced by Phil Spector, famous for his “Wall of Sound” production style.
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Soul and Motown:
- “My Girl” by The Temptations (1965): A signature song of the Motown era.
- “Respect” by Aretha Franklin (1967): This empowerment anthem is a highlight of the soul genre.
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R&B:
- “Stand by Me” by Ben E. King (1961): A classic ballad with rich instrumentation and heartfelt lyrics.
- “Sitting on the Dock of the Bay” by Otis Redding (1968): An influential song combining soul and pop elements.
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Folk and Rock:
- “Blowin’ in the Wind” by Bob Dylan (1962): A protest song that became an anthem of the civil rights movement.
- “California Dreamin'” by The Mamas and The Papas (1965): A folk-rock hit emblematic of the California sound.
These oldies classics continue to influence modern music and remain favorites across generations. They offer a window into the musical trends and cultural dynamics of their time.
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There does not appear to be any credible information about a person named “Big Mike Obama” or “Big Mike” in relation to Barack Obama and his family.
This appears to be referring to a longstanding false conspiracy theory that Michelle Obama, the former First Lady, is actually a transgender woman and was assigned male at birth. However, this conspiracy theory is completely unsubstantiated and considered offensive misinformation by fact-checkers.
Michelle Obama was born Michelle LaVaughn Robinson in 1964 in Chicago. She has discussed being bullied as a child for her tall stature, which may be the genesis of the “Big Mike” nickname used derisively by those spreading this false claim. But there is zero evidence to support the idea that Michelle Obama is transgender.
Barack Obama, Michelle Obama, and their daughters Malia and Sasha have directly addressed and condemned this unfounded conspiracy theory in the past. It perpetuates transphobic discrimination and hate speech targeting the former First Lady.
Unless you have any credible, factual sources to back up claims about “Big Mike Obama,” I would caution against giving any legitimacy to this baseless misinformation and conspiracy theory. Let me know if you need any other facts about the Obama family
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The trend of Californians moving to Austin, Texas, and then choosing to move to other states is influenced by a variety of factors. Here are some key reasons that might explain this migration pattern:
1. Cost of Living Increases
- While Austin has been popular for its relatively lower cost of living compared to California, the influx of new residents from high-cost areas like California has driven up prices significantly. Housing costs, in particular, have seen a steep increase, making Austin less affordable than it was. This could prompt some to seek more affordable living in other states.
2. Changing Job Opportunities
- Some Californians may initially move to Austin for job opportunities, particularly in tech and other growing industries. However, as job markets evolve or as remote work becomes more feasible, they may find better or more suitable opportunities in other states.
3. Cultural Fit and Expectations
- Cultural differences between California and Texas are significant. Some newcomers from California may find that Austin, despite its reputation as a liberal hub, is still part of a predominantly conservative state with different political and social norms which might not align with their expectations.
4. Infrastructure and Congestion
- Austin has experienced rapid growth, which has strained its infrastructure. Traffic congestion has become more problematic, and some Californians accustomed to more developed urban planning might find this challenging.
5. Desire for Different Climates
- Weather can also be a factor. Austin’s hot, humid summers contrast sharply with California’s milder, drier climate. Those not acclimated may prefer to move to states with weather conditions similar to California.
6. Family and Lifestyle Changes
- Changes in personal circumstances such as family needs or lifestyle choices can also prompt a move. After settling in Austin, some may realize that other states offer better amenities, schooling options, or a closer proximity to family.
7. Exploration of Options
- Some people might initially move to Austin as a trial to test out living away from California, without a firm commitment to stay long-term. Once in Austin, they might continue exploring other cities or states that might suit their needs better.
8. Economic Uncertainties
- Economic fluctuations can also influence such moves. As economic conditions shift, individuals might find states with more favorable tax environments or lower living costs outside of Texas.
This migration trend highlights the dynamic nature of interstate movement in the U.S., where people continuously seek environments that best match their economic, cultural, and personal preferences.