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How Do Lenders Calculate Income With Bank Statement Loans?
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What is Bidenomics? Is Bidenomics a real thing? The U.S. economy is in crisis. Inflation is soaring. Mortgage rates have tripled from its low a few years ago from 2.5% to 7.5%. Home prices have doubled in many parts of the country and its not if we are going to have a housing bubble but when. Unemployment numbers came out last Friday and just skyrocketed from 3.2% to 4.3%. Many people cannot keep up with inflation. The economic data and numbers being released are lies. The inflation rate is NOT 3%. Look at the prices of goods and services when you go shopping. Most consumers see prices of goods and services are 100% to 500% higher than what it used to be. NOT 3% to 4%. Look around you. Look at how many people are out of work. Again, LIES, LIES, LIES. 4.3%? I don’t think so. The Dow Jones Industrial Average should NOT be at 40,000. The Federal Reserve Board is printing money like it is going out of style. Is Kamala Harris that much of an IDIOT? I think so. Kamala Harris is going around touting and bragging about Bidenomics and that Bidenomics is here to stay. Joe Biden is going around bragging that he made the economy of the United States through Biden Economics. So what is Bidenomics and what makes Biden Economics so GREAT? What is the difference between Reaganomics and Bidenomics? Why is the least popular politicians, Kamala Harris, going around and running on Bidenomics and how great Joe Biden was as President of the United States. Does Harris realize that Joe Biden stands to be the worst President in the History of the United States, making him worse than Jimmy Carter? So, can you please explain in detail what Bidenomics is so we, the American people, can understand?
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replied 1 year, 8 months ago
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The housing market forecast looks gloomy. With the average home prices up 100% since 2019 with rates at 7.5% and inflation at historic highs, homebuyers are perplexed as to buying a house now or later. Besides all the above, homeowners insurance is up as 500% and property taxes are skyrocketing.
Watch the attached video.
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In the 2024 election cycle, ex-President Donald Trump chose J.D. Vance, a senator from Ohio, to serve as his running mate. With this announcement now complete, the Republican ticket for President includes:
- Vance in recognition of his Marine Corps and business record.
- Strong backing for Trump over the past few years.
- Being an outside-the-beltway populist.
Once a vocal opponent of Trump’s candidacy during the 2016 primaries (The Hill) , Vance’s subsequent about-face made him one of the then-president’s most stalwart defenders throughout various legal battles. According to the News Team at GCA FORUMS, this pick is projected to generate even more enthusiasm around Trump’s campaign.
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How Solid Is Your Pre-Approval Letter? How reliable is your pre-approval letter? What does a loan officer do during the qualification and pre-approval process before the pre-approval letter is issued? How long does the pre-approval letter take? Can you get denied for a mortgage loan after the pre-approval has been issued?
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How much house can I afford vs how much house can I qualify? How much house can I qualify compared to my salary? How much income do I need to make to afford a $300000 house? What credit score is needed to buy a $300K house?
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This discussion was modified 1 year, 8 months ago by
Sapna Sharma.
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This discussion was modified 1 year, 8 months ago by
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Davey Jones was one of the most talented people and founder of The Monkeys 🐒. One of the classic songs he wrote was Day Dream Believer
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What is a mortgage broker? What is the role of a mortgage broker? What is the difference between mortgage brokers and mortgage bankers? What is the difference between mortgage broker, mortgage banker, Full-Eagle Mortgage Banker, direct lender, correspondent lender, and mini-correspondent lender? How Do Mortgage Brokers Get Compensated? How do mortgage bankers get compensated? How do full-eagle bankers get compensated? How do direct lenders get compensated? How do correspondent and mini-correspondent lenders get compensated? What is yield spread premium? How do mortgage companies get compensated?
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This discussion was modified 1 year, 8 months ago by Gustan Cho.
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This discussion was modified 1 year, 8 months ago by
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How Are Student Loans Calculated On VA Loans?
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replied 1 year, 8 months ago
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Can you please explain in detail what is the NAR Settlement for 2024? How will the NAR Settlement affect realtors? What is the ruling against the National Realtors Association? Who is going to benefit and receive money from the NAR settlement? Walk me Through August 17th, Buyers Now Pay Their Realtor’s Commissions. I started reading more into the August 17th 2024 date where suddenly homebuyers now pay the buyer real estate agent. Home sellers are only responsible to pay their seller real estate agent. As someone who plans to be both a seller and a buyer sometime in the near future, I am interested in both sides of this. This is really complicated and many real estate agents think they will be out of business. Maybe there are no real answers yet, but I want to hear other’s thoughts.
https://youtu.be/QKItI0C3K6M?si=X5fPAt7i4sEd783H
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This discussion was modified 1 year, 8 months ago by
Lilly.
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This discussion was modified 1 year, 8 months ago by Gustan Cho.
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This discussion was modified 1 year, 8 months ago by
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How Long Does Bad Credit Stay On Credit Report?
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How Does A Purchase Reverse Mortgage Work?
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How do I get a mortgage with a recent charge off?
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HOW DO LENDERS VIEW MEDICAL COLLECTIONS?
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One hundred seventeen thousand homes in Florida are currently for sale, and many of these properties are owned by large corporations. Some homeowner associations (HOAs) for these properties are based in Texas.https://www.tampabay.com/news/business/2024/08/22/florida-homes-owned-by-corporate-investors-117000-counting/
tampabay.com
Florida homes owned by corporate investors: 117,000 — and counting
Experts say investors capitalized on the state’s population growth and minimal renter protections.
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How To Raise Credit Score To Qualify For Mortgage?
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How Do I Qualify For $0 Money Down USDA LOANS?
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What are closing costs on a home purchase. What does closing costs cover? Is there closing costs on both purchase and refinance mortgage loans? Who pays for closing costs? Do all mortgage lenders charge the same amount of closing costs? How can you not pay for closing costs on a home purchase? What is seller concession and lender credit and how can you pay for closing costs with seller concessions and/or lender credit? How much are closing costs?
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Do you know any banks that offer 10% down on second mortgages or 90% CLTV or HELOC with a 700 credit score or better with income of over 70,000 yearly?
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I am looking to buy a house in Alabama but don’t have the 3.5% down payment and the closing costs for an FHA loan. Is there down payment assistance in Alabama or can I finance the down payment? What are my options as a first-time homebuyer? Am I able to buy a house if I do not have the down payment and closing costs for an FHA loan?
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How can I get a home loan with low mortgage rates? How do lenders price mortgage rates? What are the step by step process on how mortgage lenders price mortgage rates on conventional and government loans and non-QM loans?
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How to get rid of FHA Mortgage Insurance Premium?
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How long do derogatories stay on your credit report? Can you please break down how long the following types of credit stays on your credit report: Late Payments, Credit Inquiries, Collection Accounts, Charge-Off Accounts, Judgments, Tax-Liens, Repossessions, Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, Chapter 11 Bankruptcy, Judgment, Short-Sale, Deed-in-Lieu of Foreclosure, Child Support, Alimony, Unpaid Parking and Traffic Tickets, Medical Collections.
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What are mortgage rates today Monday August 5th, 2024. Why is the Dow Jones Industrial Average Down 1,000 points? Why are the 30-year U.S. Treasuries down and what does this mean to mortgage rates? Why is Gold and Silver down and what this mean? What is the Federal Reserve Board thinking?
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replied 1 year, 8 months ago
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I want to expand my team of mortgage loan originators and expand. What is the best way to recruit loan officers? What type of questions do you ask loan officers? What type of documentation do you ask to make sure the loan officer is a producer or will be a producer? On the flipside, if you are a loan officer interviewing with a branch manager of a mortgage company, how should you present yourself? What type of questions would a loan officer recruit expect from the branch manager interviewing them?
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What is a private money loan? What is the difference between a private money and hard money loan? How Do I Qualify for a Private Money Loan? What is the eligibility requirements to qualify and get approved for a private money loan? What is better? Private money loans or hard money loans? Where can I get approved for private money loans fast?
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This discussion was modified 1 year, 8 months ago by Gustan Cho.
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This discussion was modified 1 year, 8 months ago by
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Mortgage loan originators will initially interview a mortgage loan applicant during the qualification and pre-approval process. If I am a loan officer, how would I go about interviewing a borrower? What types of questions would I ask? How can I interview the mortgage loan borrower and make sure they are telling me the truth so nothing goes wrong with me issuing a pre-approval letter. HOW TO INTERVIEW A MORTGAGE LOAN BORROWER?
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How to Wholesale the house and make over $20,000?
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What is a 1003 Mortgage Application? What type of information is asked on the 1003 mortgage loan application? How do a mortgage loan applicant complete a 1003 mortgage loan application?
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I would like to purchase condominium units as an investment. What do I need to do to qualify for condominium loans? What types of investment loans are available for condominiums? Can you explain the difference between non-warrantable and warrantable condominiums? Also, how much down payment do I need? Lastly, what are the eligibility requirements for condominium loans?
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