Property Management
Our program provides several key items which are required to manage a property for maximum profit
reduce damage and retain good tenants. Some of our key items are listed below:
- A pre-maintenance program to minimize damage and repairs
- Quarterly and yearly expense reports
- Firm 3 step tenant screening process
No nonsense policy, we deal with the problems and you receive a check.
Complete the contact form and a representative will contact you to start the process.
Advertise Your Property
Take advantage of the opportunity to advertise your properties on our web site. Start Now by clicking here
Investor's Network and Mentor Program
Coming Soon
This is the place investors call home! Build your business using our forum by sharing
your success stories and teaching others how to avoid mistakes. Asking questions and
viewing answers in the forum. Save time finding deals with our automatic deal e-mail feature,
set your criteria and the deals come to you. Sign up to receive mortgage news and update via e-mail.
When you advertise a rental it goes directly to our tenant list to get your phone ringing. The resource
library provides recommendations for education. If you have a good sub recommend him to other members by
listing his contact information (sub-finder). No network would be complete without a monthly newsletter
by an industry expert or the opportunity to advertise your properties at a discount. Our investor’s network
has everything you need in one house.
Mortgage Information
Congratulations! You’ve decided to become a homeowner. Whether you are looking for a home for yourself and
your family, a multi-unit dwelling to be used as an investment or even a commercial property, history shows that
property ownership can over time be financially rewarding…. IF YOU GO INTO IT WITH THE RIGHT INFORMATION
Here, we will provide that information for you. To begin with the Mortgage Lending process can seem cumbersome.
It is a layered process that can sometimes be confusing. Below you will find information that will eliminate the confusion.
Let us start by outlining the start to finish steps in the home buying process.
Evaluate your personal financial profile.
-
Start with your credit report. You should always know what is in your credit report before you approach your Mortgage
Broker about obtaining any sort of financing. While reviewing your credit report be mindful of any inaccurate information
it may contain. Inaccurate information should be disputed with the Credit Bureaus. If you have documentation that supports
your claim of inaccurate information you can have the information corrected, usually within 45 days.
-
Next, move on to your personal financial documents that will be required to help your Mortgage Broker determine your eligibility
for home financing. These items include the following:
Your signed tax returns for the last two years
Your W2s for the last two years
Your employer provided paystubs covering the most recent 30 day period
Your two most recent
account statement from any financial account you may have, i.e. 401k, SEP/IRA/Keough plans, checking and savings accounts or any CDs,
mutual funds or annuities that you may have.
-
Understand that there are categories of Mortgage Loans and each category has elements that may be more advantageous to a particular borrower compared
to a Mortgage Loan in another category. Here is a breakdown of the different loan categories:
The first category will detail government loans. Government loans are widely used and encompass the widely popular FHA (Federal Homeloan Agency) loans. You will also find the slightly less popular VA (Veterans Administration).
These loans often have requirements that may allow approval for borrowers who wouldn’t otherwise qualify , credit wise, for a home loan. Not everyone is eligible for these loans. You must be a current or former member of the US
Armed Services (Army, Navy, Air Force or Marines) to be considered for the VA loan. The FHA loans have no such military requirement but there are loan amount limits which could be an issue. Both of these loans have features that
allow for approval with less that perfect credit.
-
Conventional loans provide another category of lending. This category can be used by borrowers who don’t have VA benefits and it has relaxed loan limits (but not limitless) for people who have what would be considered A Plus credit.
The loan limits on conventional loans are determined on a state by state and even a city by city basis. Consult you Mortgage Broker for more information on loan limits.
-
Another category is the Jumbo category. This category provides financing for loans that exceed the loan limits for conventional loans in a given area. Generally any loan amount above $729,750 will fall into this category. These loans also have tighter credit requirements due to the higher loan amounts.
Here we have attempted to give you a general idea about how to get started in the property buying process. There are many more aspects, not mentioned here, to the mortgage lending process and your best course of action would be to contact one of our Mortgage Brokers. We are here to assist you so please do not hesitate to call.
More mortgage related information can be found at http://www.mortgagebankers.org