Buying Florida

1. When do you order an appraisal?
2. What happens if the value is higher, the same or lower?
3. If it is lower than what can you do?
4. Is there a solution and how does it affect conventional,fha and va?
5. Appraisal waivers and how does that work?
6. Is this something that will continue to expand the appraisal waiver and how does it affect us

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1.  What is a non QM loan and how does it differ from a QM Loan
2. Does it apply to owner occupied homes, second homes and investor home?
3. What type of programs are their
4. Why would someone need a non QM loan
5. Is it growing from previous years - 
6. Is it comparable to sub prime was over 10 years ago?
7. Is it a good loan for the consumer?
8. Do you like doing them?
9. What do you see in the future regarding this product

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1. Rates are coming down
2. Do we just go for savings or do you switch gears and look at reducing the term
3. How can we taylor make our refinance - just a 10-15-30 year?
4. What about the interest rate
5. What about debt consolidation
6. Kids student loans due for payments, addition to the home, consolidate credit card debt
7. What are the benefits putting it all in one loan vs paying everyone else
8. Are you making the right move?

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What happens when you are delinquent? Are we heading into a recession

1. How many are past due on their mortgage
2. What actions do you take
3. Should you just do nothing
4. What about the big tech companies
5. Who should you be dealing with
6. What is the plan of attack - is it to be defensive or offensive

www.ddamortgage.com

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1. Taking the loan application
2. Electronic signatures
3. Downloading supporting documents
4. Ordering title
5. Getting home inspection/ then ordering appraisal
6. Getting home insurance
7. Getting any outstanding documentation
8. Going to closing
9. Wiring money

Listen in for extra tips because I'm gonna quiz you!

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1. Conventional financing  - limited review
2. Qualifying - what do they include in the debt ratio - a. Insurance and b. Association fees
3. Conventional financing - full review
4. VA - condos
5. FHA condo approval

New info never shared before that I just recently learned about myself for the VAs out there.

Visit me at www.ddamortgage.com

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Here's what you'll on this week's episode:

1. Is it time to refinance
2. Are you consolidating debt or is it a rate term only
3. What makes sense cost wise and what drop in rate do you need
4. What time frame to recuperate your costs 
5. How long do you plan on staying in the home
6. Are there more drops in rates ahead
7. How does that affect buying?
8. Wjhat is this telling us when the rates are dropping?
9. What do you need to do?

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1. Do rates drop down the day of the announcement
2. Fed vs wall street
3. Does it make sense to refinance
4. What does the future hold for this year
5. What does it hold for 2020

http://www.ddamortgage.com

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1. The initial loan application doing electronic signatures and signing the CD
2. During the process of the loan , CD’s going out all the time
3. 3 days before closing, the Cd going out from the lender
4. 2 days before closing getting the Actual CD
5.  wire/check/cashier check
6. Filing homestead and possible portability
7. Once you leave closing, and get letters to buy your recorded deed-scam

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How do you get prequalfied?

We need to know 3 things and that is Credit , income, and funds

What are things to look for if you are self employed, 1099. Commissioned

What if you have been unemployed for a long time

What if you just graduated college?

Get the answers on all of this and more!

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