I am new to the commercial loan origination industry. My wholesale commercial lenders are asking to prepare personal financial statement of each commercial loan applicant. How do you complete a complete financial statement?

• This discussion was modified 7 months, 1 week ago by  Bailey.

How does Proposition 19 in California work? How does the Proposition 19 Property Tax Rule Benefit Homeowners buying a new house? What are the eligibility requirements for PROP 19 in California?

How Long Does Bad Credit Stay On Credit Report?

How do I get a mortgage with a recent charge off?

HOW DO LENDERS VIEW MEDICAL COLLECTIONS?

If you lend in California? Are you aware of Prop. 19 Property Taxes? Do you qualify FHA loans, based on Prop. 19 property taxes? When a senior over age 55 sells her home, and purchases her next home, she can carry her current base property tax rate to her new house, thereby helping a lot to qualify for the loan. There is a calculation and explanation at this government. I will most certainly qualify for Prop. 19. The lender will also have to gross up my non-taxable part of my social security income in order to make the income better. This is legally allowed. 33% of my social security income is non-taxable, therefore, this percentage can be grossed up by 1.25% (I think this is the percentage). This makes a difference. Normally, lenders qualify by taking 1.25% property tax in calculations, however, that amount is very high and when it gets added to monthly payment, then the DTI is not met. For example, on a $615,000 home, with a loan of $304,000, the property tax (1.25%) is $651 per month. With Prop. 19 calculations, it comes to only $482.33. This makes a big difference in cases like mine who is trying to qualify for the highest price home possible based on my income. Last question – does the house I am purchasing have to meet FHA loan criteria? Before I go further, I was wondering if you are aware of Prop. 19 and grossing up income? I will try calling you next week.

• This discussion was modified 7 months, 1 week ago by  Dawn.

Do you service loans in Northern California? What kind of loan can you offer which would give me the highest Debt to Income Ratio?

My income is short, however, up to 825 credit score, clean credit and steady income documentation. Have a townhome, which would have to sell and put down up to 50% on my next purchase, however, am not meeting DTI. Looking for a single family home, would be my primary home, after selling my current townhome. Need 57% to 60% DTI. Maybe FHA? Not tried that route yet.

• This discussion was modified 7 months, 1 week ago by  Dawn.
• This discussion was modified 7 months, 1 week ago by  Dawn.

I had both German Shepherd and Doberman Pinscher dogs all my life and currently have Doberman Pinschers. Both Doberman Pinschers and German Shepherds are phenomenal dogs. Both Doberman Pinschers and German Shepherds are extremely intelligent dogs, if not the top two smartest dogs in the world. Both Dobermans and Shepherds to not need any training but are self trained. They watch their owners and learn by themselves. They quickly pick up what is the right thing to do and what type of behaviors is not condoned. However, I prefer Doberman Pinschers vs German Shepherds due to various reasons. Both Doberman Pinschers and German Shepherds are highly intelligent, trainable breeds. However, knowing that any dog—regardless of its breed—needs training and socialization is essential. The belief that dogs do not need these or are “self-trained” can result in behavior problems.

That being said, here are some reasons why people might prefer Doberman Pinschers over German Shepherds:

Agility and Size: Dobermans have a more streamlined build, which makes them more agile than German shepherds. Doberman’s streamline build. This makes them suitable for different tasks or living arrangements.

Grooming Needs: A Doberman Pinscher’s coat is shorter, so grooming requirements will be less than those needed by a German shepherd, whose fur is longer.

Health Concerns: Compared to GSDs, Doobies may experience fewer issues with hip dysplasia and elbow diseases. Both breeds can suffer from health problems, but this happens more often in one breed than the other.

Nature: They’re described as “velcro-like” because they tend to stick closely with their owners whenever possible.

Barking Level: In certain living situations, such as apartments where noise should be minimal, barky GSDs would not fit into such homes, while quieter dobes would suit perfectly well without disturbing anyone else’s peace during quiet hours.

Looks/Sleekness Factor: Some individuals prefer muscularly built dogs like dobes instead of fluffy ones like German Shepherd dogs. German Shepherd dogs shed everywhere around the house all day long. Knowing somebody loves them unconditionally, even if nobody else does, makes them feel good about themselves ever again until death separates them apart. Amen!

Heat Tolerance Levels (for Southern states): Short hair means coolness during summer when temperatures rise above 80 degrees Fahrenheit, but it still warms up enough not to freeze winter nights. Either way, either direction works out best all year round here down south, where the sun shines nonstop day year-round, and long-term life expectancy wise, too!!!

#hat is profit and loss statement. What is the difference between an income statement and profit and loss statement.

What is the maximum household income limit cap to be eligible for USDA loans. What is the maximum debt to income ratio to qualify for USDA loans.

I know that FHA loans are the best loan programs for borrowers with bad credit and low credit scores. What is the minimum credit score requirements to get approved for FHA loans.

How do non-QM mortgage lenders calculate debt-to-income ratio requirements on non-QM loans.

WHAT IS THE TIMELINE FOR A CLEAR TO CLOSE?

CAN YOU PLEASE EXPLAIN THE AUTOMATED UNDERWRITING SYSTEM.

WHAT IS REFERRED/ELIGBLE PER DU FINDINGS?

Which credit scores do mortgage lenders use? Do mortgage lenders use Experian, Transunion, or Equifax? What is the credit score used in mortgage applications. Do lenders look at both spouses’ credit scores? If you and your partner decide on a joint mortgage, both of your credit scores will come into play. What FICO scores is needed to buy a house?

• This discussion was modified 7 months, 3 weeks ago by  Sapna Sharma.

What Are Minimum Credit Scores On USDA LOANS? What is the lowest credit score for a USDA loan? Which credit bureau does USDA use? What credit scoring model is used for USDA loans?

What does a prospective employer look in your credit. How do employers analyze credit scores and your overhall credit in the hiring and promotion process. What does a high credit score and good credit determine of a prospective employee. Will bad credit and low credit score jeapordize a job candidate from getting hired? What type of job positions will be scrutinize with their prospective employer running credit and what determines the job prospect whether or not they get the job.

Good morning Guantanamo Bay. Let’s clean up America 🇺🇸. Let’s clean up the WORLD 🌎. Let’s fumigate the roaches, termites, and the septic tank full of evil 😈 🦹‍♀️ 👿 🖤 🙈 😈. Let’s crush and exterminate the pedophiles, baby eaters, and the depopulation Globalists. Let the cleanup begin.

I have a client who has been in the United States for 20 years and runs a successful construction company but don’t have a green card. Can we do ITIN loans or what other loan program can this person qualify for. His son can buy it as an investment property. His son has a green card. Can his son buy it as an investment property on a hard money loan? Or how about a DSCR LOAN?

How does disability affect relationships? Can disabled and unattractive men have a romatic relationship with beautiful gorgeous women? Do beautiful women find disabled and handicapped men attractive? How do you deal with a disabled partner? Can you still have a romantic and lifelong relationship if your spouse becomes disabled? Would you marry a disabled man and not laugh at his handicap? What do others think about a disabled man married to an attractive woman? Women who have been marrying unattractive high status men since forever. Here is a video about six disabled people who married beautiful women.

https://www.facebook.com/share/r/x3fcJ6Sk9ekrme1J/?mibextid=NqTh7c

• This discussion was modified 8 months ago by  Gustan Cho.

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2,1 jt tayangan · 34 rb tanggapan | 6 Disabled People Who Married Beautiful Women | 6 Disabled People Who Married Beautiful Women | By Wow StoryFacebook

6 Disabled People Who Married Beautiful Women

What is appraisal fraud.

https://youtu.be/3r5LURDt7lA?si=9ah5tjSYqG40TDbb

Property taxes in Illinois is going through the roof. In Cook County, property tax assessor office announced property reassessment 41% which means property taxes in Cook County (the county the city of Chicago is in and the largest county in Illinois and largest county in Chicago and surrounding suburbs). I want to know if anyone with expertise in property tax assessments if Illinois have a property tax cap? Is there a maximum limit on how much property taxes can go up in Illinois? At what age do you stop paying property taxes in Illinois? How do I fight a high property tax reassessment by the county assessor’s office in Illinois? What does a 41% increase property tax assessment by the Cook County Assessors Office mean on my property taxes? Why do property value and property taxes increase? Are homeowners of Chicago and the Chicago suburbs see a big property tax increase? What if I cannot afford the property tax increase? How do I avoid paying property taxes in Illinois? How are property taxes in Illinois compare with the rest of the country? What is the difference in property taxes in Illinois between an owner-occupant home versus an investment home or investment property? I just watched a breaking news about Cook County Assessors Office increasing in the South and Southwest Chicago suburbs:

https://www.youtube.com/watch?v=o1Iv9H8JABA

The housing market in Sarasota, Florida and its surrounding area is plummeting. After three years of skyrocketing values, homes in Sarasota, Florida are in major trouble. Home prices are expected to plummet 30 to 40% throughout 2024 into 2025. Home prices in Sarasota, County Florida increased 40% to 50% since 2019. The housing forecast of Sarasota Florida through 2025 is expected to wipe out all of the gains it gained since 2019. The housing market in Sarasota, Florida, has experienced several shifts in 2024. The median home price has seen a slight decline, with the average price for single-family homes around $548,000, down by about 4.7% from the previous year. This decline in prices presents opportunities for buyers, especially as the market has seen an increase in inventory and longer days on market​.

The average time a home spends on the market has risen significantly, from 26 days last year to about 50 days this year, indicating a slower pace in sales​. Additionally, the percentage of homes sold below the list price has increased, with many homes experiencing price drops before selling​.

Despite these trends, Sarasota remains somewhat competitive, particularly in the luxury market, which is driven by affluent out-of-state buyers looking for waterfront estates and island retreats​. However, the market dynamics are shifting towards favoring buyers more than in the past few years, given the increased inventory and slower sales pace.

For those considering entering the market, now might be a good time to buy, given the lower mortgage rates compared to last year and the slight decline in home prices. However, it is crucial to conduct thorough research and work with real estate professionals to make informed decisions​.

If you need more detailed insights or assistance with specific neighborhoods in Sarasota, professional real estate services can provide tailored advice and support.

https://www.youtube.com/watch?v=ssdINDr66Dw

What are barndominiums? Barnominiums seem to be very popular and many homebuyers and second homebuyers are talking about buying barndominiums. One of the most significant negatives of purchasing a Barndominum versus stick built homes is the difficulty in financing. What are the lending guidelines of barndominiums.

Have you heard the news that Illinois will allow non-citizens to become police officers? What is all that about?

Investment property mortgage loans are financial products designed for individuals or entities looking to purchase real estate properties with the intention of generating rental income or capital appreciation. These loans are distinct from primary residence mortgages and come with different terms and requirements. Here are some key aspects to understand about investment property mortgage loans:

1. Types of Investment Property Loans:

   • Conventional Loans: These are standard mortgage loans offered by banks and mortgage lenders. They typically require a higher down payment and have stricter qualification criteria compared to loans for primary residences.
   • Government-Backed Loans: Some government programs, such as FHA (Federal Housing Administration) and VA (Department of Veterans Affairs), offer investment property loan options, but they often come with restrictions and may require the property owner to reside in one of the units.

2. Down Payment Requirements: Investment property loans typically require a larger down payment than primary residence loans. It’s common to see down payments in the range of 15% to 25% or more of the property’s purchase price. The exact requirement depends on the lender and loan program.

3. Interest Rates: Interest rates on investment property mortgage loans can be slightly higher than those for primary residences. Lenders often view investment properties as riskier, and this risk is reflected in the interest rate.

4. Loan Terms: Investment property loans typically come with fixed or adjustable interest rates and loan terms ranging from 15 to 30 years. The choice between fixed and adjustable rates depends on your risk tolerance and financial goals.

5. Rental Income Considerations: Lenders may consider the potential rental income from the property when determining your eligibility and the loan amount you qualify for. They may require rental income documentation, such as lease agreements, to verify rental income.

6. Credit and Income Requirements: Lenders will review your credit history, debt-to-income ratio, and overall financial stability when evaluating your loan application. Meeting credit and income requirements is crucial for approval.

7. Property Type: The type of investment property can affect loan eligibility and terms. Single-family homes, multi-unit properties (duplexes, triplexes, etc.), and commercial properties each have their own lending guidelines.

8. Property Location: The location of the investment property can also influence loan terms. Some lenders may have restrictions or offer different rates for properties in certain geographic areas.

9. Property Management: Lenders may inquire about your property management plans. Having a solid property management strategy in place can improve your loan application’s chances of approval.

10. Tax Implications: Investment properties may have tax benefits, such as deductions for mortgage interest, property taxes, and depreciation. It’s advisable to consult with a tax professional to understand the specific tax implications of your investment property.

Before pursuing an investment property mortgage loan, it’s essential to conduct thorough research, assess your financial readiness, and consult with mortgage professionals to determine the best financing options for your real estate investment goals. Additionally, local real estate market conditions and regulations can impact your investment decisions, so it’s advisable to seek local expertise when investing in real estate.

I write many posts and I am beginning to realize that AI lacks a sense of humor. I know someone will answer me with an AI response explaining what AI is, I am ready. Can AI tell me a joke to make me laugh, or just explain what a joke is?

A P and L statement mortgage loan for self-employed borrowers does not require federal income taxes and only requires a CPA letter. Does the self-employed borrower need to have an actual Certified Public Accountant write the CPA letter to the mortgage lender or can a tax preparer do it? If the mortgage lender requires a true CPA to write the CPA letter, how do I get a real Certified Public Accountant to write the CPA letter to the mortgage lender so I can get approved for a P and L statement non-QM mortgage loan for self-employed borrowers.

James O’Keefe an undercover journalist and former President of Project Veritas went on a date with a gay senior White House Cyber Security Executive Advisor confirming Dementia Joe Biden does have Dementia and is Senile. Also mentioned is Kamala Harris is not liked and not respected by staff members and senior White House advisors

https://youtu.be/UfAvM7c4Jz0?si=IES5sHCVpkDPrg7O

If a NMLS licensed loan officer works for a mortgage broker and is licensed in 30 states, can the loan officer be paid their commissions by 1099 on states that he is licensed in that allow 1099 compensation and be paid W2 on states that do not allow 1099 compensation>

• This discussion was modified 11 months ago by  Gustan Cho.