Let’s get those buyers off the fence asap! Franklin Loan Center’s platform is strong so utilize me with your clients who need to close fast. FHA IN 21-30 DAYS! At the end of September, as you know, the DAP will be going away, yet we have until September 5th to get the deals accepted and opened. If you have a buyer who needs to use these programs call me asap! If they can’t close before the end of September we can use a gift from a family member or other non-profit organization as long as the seller is not contributing toward the downpayment, up to 6% toward closing costs are still okay!

Call me today to get the ball rolling. I’ll pay for the appraisal send along the attached flyer with your client during the pre-qual interview.

I’m never too busy for any of your referrals.

Give me the opportunity to make you look good…
We’ve had a great rally this week in the mortgage market and I’ve locked my pipeline to protect my clients from higher interest rates. This week I’ve save most of my clients 0.125% or more on their interest rate and they’re happy with the lower payments.

Market Update

FHA loans and are going strong. Franklin Loan Center’s in-house closing platform is getting the job done quickly and the ability to sign loan docs in-house makes it easy for the clients with out-of-the-area escrow companies.

Tough to get qualified?

This week there are several important reports coming out to gauge where the economy is and is going. With the current volatility in the mortgage industry, true knowledge and insight are more valuable than ever, which is why I monitor the market throughout the day and keep you informed of changes that impact you.

Even though the media is saying it’s tough to get qualified for a mortgage I am not finding that to be true. Let me know what I can do to help your clients get qualified! Make it a great week!

Nehemiah Program

Nehemiah Program
Housing Bill an immediate threat to down payment assistance ( DPA) programs.

The Senate and House of Representatives are fast tracking this bill, and is in danger of shutting it down. Today DPA comprises nearly 40% of all FHA’s loan volume, and will be a huge loss if passed.

So you must act now with any of your potential buyers who have be pre-approved to use the Nehemiah DPA program. I would hate to have a family miss out on their dream home because of procrastination on their part, or congressional action. I do not have any more information than what I have told you at this time, but this program could disappear tomorrow, next month, or hopefully never. What we do know though is that it’s under attack, and is in danger of being closed.

Pre-approval letters

Many of my referring agents have asked me to forward to them a word copy of my simplified loan application. This form is one easy way to get your clients pre-approved with very little hassle or paperwork. You can also direct your clients to my website where this form can be found as well. Your clients can also get pre-approved by calling me directly, you calling me with their contact information or by e-mailing me.

The mortgage business today has become so volatile, that it’s vital to make sure your clients are pre-approved correctly with a reputable company.

Here are some red flags that should be noticed by you on any Pre-approval letters,.

· Not on letterhead or signed
· Out of town lender
· The client is doing a 100% loan
· The lender is a friend or family member
· Lender & Realtor are the same
· Franklin Loan Center has not pre-approved your client ( Ha, Ha )

Pre-approvals if done correctly can be done in as little time as 10 minutes so why not value your time and make sure you’re not wasting your time and $4 a gallon of gas money. I have frequently been pre-qualifying buyers while sitting in the car with their agent, and it’s a smart way to start your day. I am available 7 days a week, so feel free to optimize my experience to help you be more efficient.