Jake Droge

June 2024 - Mortgage Rules Issue Released! The Rules Issue is the EASY & FAST way to catch up on Guideline Changes! Our Experts Read the Bulletins, Then Bottom Line it for you! ✔ 9 NEW Agency Updates ✔ 2 NEW All Agency Comparison Charts - FHA Self Sufficient Test & USDA Updates Old vs. New ✔ 4 Charts w/Investor Overlays Added to Agency Comparison Charts ✔ 2 NEW Social Media Posts ✔ Multiple Updated Charts - See Our 'Latest Updates' Section Updates Include – * Fannie Mae Guidelines Updates - Builder Forward Commitments & IPCs * Fannie Mae & Freddie Mac Release Annual AMI Limits for Affordable Programs * Fannie Mae Bulletin - HomeView Program and Tips to Expand Your Buyer Leads * Freddie Mac Bulletin - FAQs on Stable Employment - Some Interesting Guidance You May Not Have Known! * Fannie Mae & Freddie Mac - DU/LPA Release Notes * Freddie Mac Guideline Updates - Important Information About Flood Insurance & DTI * CFPB - Request for Information on Mortgage Loan Closing Costs Fees - Make Your Voice Heard! * FHA - New Policy for Cybersecurity Breaches Subscribers can find the "Rules Issue" under "Current Issue" on our site. Use the "Past Rules Issue" link to find Archived Rules' Issues. Keeping You Smarter Than the Competition By Simplifying the Complicated! www.mortgageguidelines.com

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Maximize Your Appraisal Network: A Step-by-Step Guide to the Connexions Vendor Directory ​ ​ Looking to expand your network of qualified appraisers? Our Vendor Directory simplifies the process, saving you valuable time and resources.

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Myth Buster: Reverse Mortgages! 🏡 Did you know that with a Reverse Mortgage, you can't owe more than your home's value? It's true! This non-recourse loan means if your loan balance exceeds your home's worth, you simply walk away. Have you heard this myth before? Let's clear the air! When borrowers leave their homes, many find they still have equity left. This means selling the home often allows them to pay off the loan and take that remaining equity with them. What questions do you have about Reverse Mortgages? Reach out #ReverseMortgage #MythBuster #MoneyMatters

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The Federal Housing Finance Agency (FHFA) now allows appraisal waivers up to 90% LTV and inspection-based waivers up to 97% LTV, helping first-time and moderate-income buyers save on costs. Freddie Mac and Fannie Mae updates are underway—read more here: https://lnkd.in/gpcFDAAc

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Page through the mid-year update of NAMB's membership manual! Learn why smart mortgage professionals belong to NAMB: Advocacy, Benefits & Discounts, Certifications, Committees, Conferences, Credibility, Education, Magazine, Networking, Recognition, more! namb.org/membership

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Are you considering a reverse mortgage but are worried you won’t be able to leave your house to your children or heirs? Good news! This is a misconception about reverse mortgages that isn’t necessarily true. Find out more about this reverse mortgage “myth” and the facts behind the matter. https://bit.ly/4c7sro0 #ReverseMortgage #HomeLoansForSeniors #Retirement #WhyWMC #ReverseMortgageMyths

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Good news for homebuyers! Mortgage rates have fallen for the second consecutive week. This dip presents a prime opportunity to secure a home loan or refinance at a lower rate. Lower rates mean more affordability and better refinancing terms, making it an excellent time to explore your options. Stay updated on the market with Century 21 Camp Hill and take advantage of the current favorable market conditions. #C21 #century21realty #Century21Realty #HarrisburgRealEstate #Century21 #JoinTheRelentless #marketupdate https://lnkd.in/eUQKa92u

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Take the time to find the right fit for your homebuying needs—it can make all the difference. You should feel comfortable and confident in the lender you choose. We recommend interviewing at least three mortgage lenders—view our list of suggested lender interview questions in step four of CHFA’s steps to homeownership. https://lnkd.in/g-zB3Pw9

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🚀 Want to Boost Your Income During the Refinance Boom? 💸 Learn the top strategies to attract clients, streamline your workflow, and position yourself as a trusted expert. Don't miss out on this golden opportunity to grow your revenue! 👉 https://bit.ly/3BClgXY! #LoanOfficerSuccess #RefinanceBoom #BoostYourIncome #MortgageTips

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Some might feel like giving up on finding the right mortgage professional, thinking nothing works. But discovering the right fit takes time and is worth it. Achieve your goals with guidance from experts. Visit thecampsite.org and connect with local mortgage professionals today! Share your thoughts or reach out at [email protected]. #MortgageAdvocacy #HomeOwnership #CaMortgagePros #CAMP #MortgageEducation #MortgageProfessionals

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Transform your family's future with #homeownership 🏠 Let's make your dream home a reality with the help of HUD certified counselors. Discover how to budget, find the best mortgage options, and save money on buying costs. Take the first step towards secure and stable living at HUD.gov/makehomethegoal. #letsmakehomethegoal #budgeting #housingcounseling

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Buying a house can break the bank, and new buyers can struggle to scrape together a down payment. This NCSL Base Camp session covered the latest state approaches to help first-timers make their dreams of homeownership come true. Learn more: https://bit.ly/4fG8rLr

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#MortgageProfessionals: Check out this vacant land loan scenario! The borrower wanted to purchase vacant land in a developing area. Through our Near Miss loan program, we were able to use the borrower's social security and pension income to confirm loan eligibility and get the deal done! Let's get your borrowers qualified and home with #NonQM!

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Follow these 3 steps to improve and maintain your credit score, which is considered as part of the mortgage approval review process and plays a critical role in determining your mortgage qualification 🏠🔑 #swbcmortgage #happiestwayhome #credit

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