Credit Refresh Part Deux

Back with another episode of “Lemons to Your Lemonade”, the show that is dedicated to making your closings sweet!

Today, I discuss probably the most important thing your clients should be aware of when financing a new home… The Credit Refresh (Part Deux). New guidelines related to the “ability to repay rule” will affect almost every closing you have.

Watch the video and don’t forget to share it on FaceBook and Twitter!

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St. Louis Fannie Mae HomeStyle Construction Loan

Sean has another awesome construction loan product to discuss in this “Lemons to Your Lemonade” episode!

The Fannie Mae HomeStyle Mortgage is the conventional version of the FHA 203k loan. With the almost $150,000 higher loan limit and the ability to finance luxury items (like pools and hot tubs) this mortgage may make that next closing sweet.

Sean Zalmanoff has closed about 100 construction loans in the last 4 years, so you can be confident that he can help anyone considering purchasing a home that needs renovation in the St. Louis area.

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FHA 203k Loan – Purchase Price Plus Construction 96.5%!

Sean Zalmanoff, Branch Manager at USA Mortgage, is out to make your next real estate closing sweet!

In this episode of “Lemons to Your Lemonade” Sean discusses the “203k Construction Mortgage“. If your new home buyer has found a house that needs significant updates to it, they may be able to finance the purchase price and the construction together up to 96.5%.

Sean has closed over 100 construction loans in the last 4 years, so you can be confident that he will be able to make your next construction loan closing sweet.

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FHA Loan – Condo Financing Mind Blowing Fact


Today we are talking about finding an FHA approved condo through HUD’s website and sharing a mind blowing condo secret that realtor’s need to know!

We are dedicated to making your closing sweet.

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QM and ATR

Lemons To Your Lemonade – Episode 10

There are some new changes coming to the mortgage industry beginning January 10, 2014. Some lenders may be telling you that the sky is falling because of them, but they’re wrong. These changes are just a few more safeguards being put into place to help protect consumers.

We can easily navigate this process for you and keep your closing sweet.

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The Bump – Episode 9

Lemons To Your Lemonade – Episode 9

Find out how “Pulp Fiction” relates to my business in this video.

If you’re tired of your clients loans hitting the *bump* in the road, call me to clean up the mess and make your closing sweet!

Please Share, Subscribe, and Leave Your Comments!

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The VA Mortgage – VA Loan St. Louis

Lemons To Your Lemonade – Episode 8

Happy Thanksgiving! I am thankful for Veterans and for that reason I will be discussing the VA Mortgage Loan in this episode. If your clients are Veterans, even with under a 620 credit score, they may have the ability to get 100% financing with no mortgage insurance!

Find out more helpful ways we are “Making Your Closing Sweet” by watching my other videos.
Please Share, Subscribe, and Leave Your Comments!

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Give It To Me

Lemons To Your Lemonade – Episode 7

In this special “Lemons to Your Lemonade” episode I’m giving away an IPAD! Watch the video to find out how it could be yours.

I also share an excellent tip about when to send the sales contract over. Don’t forget that with our “TBD Mortgage Approval Program” you can be confident that your buyers most likely have their entire credit package underwritten subject to only the appraisal being completed.

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Power of Attorney

Lemons To Your Lemonade – Episode 6

Sean Zalmanoff discusses closing with the “Power of Attorney.” A blanket power of attorney form is not acceptable in a real estate transaction.

If the client has something that says, “Sally can sign for Jim,” that doesn’t work. It needs to be property specific. As long as your lender knows about this a few weeks before the closing, it’s easy to get it prepared and turn a potential lemon into sweet, sweet lemonade.

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Opening Credit Lines

Lemons To Your Lemonade – Episode 5

In the fifth installment of “Lemons to Your Lemonade”, Sean Zalmanoff reminds you of something that you may already know but that’s good to refresh again – how opening up a new credit line can affect a closing.

We always tell our clients not to open up any new trade lines once we have them approved because it may prevent them from qualifying or the process of documenting it could delay the closing.

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