1647 FBF: Credit Scoring, Short Sales and Nationwide Mortgage Financing

This Episode of FlashBack Friday was originally published: June 21, 2012

Jason Hartman talks with one of the Seattle based lenders in his network about nationwide mortgage financing. You'll gain insights from Steve's 25 years in the mortgage business and you will learns some important distinctions between mortgage brokers, mortgage bankers and commercial banks.

As a mortgage banker with several warehouse lines exceeding eight figures, Steve and Jason bring power to overcome financing challenges.  A good mortgage banker can offer the greatest number of options with the power of direct funding control. Here are some additional issues addressed in this episode:

Mortgage overlays
Pre-qualification
Rent schedules
Counting rental income at 75%
Property management agreements
Mortgage sequencing
DTI or Debt-to-Income Ratios and examples
FICO scores and credit repair issues
Short sales
Foreclosures
Medical bills
Impact of positive cash flow and negative cash flow
Fannie Mae four and 10 financed property thresholds and limits
Cash reserves - banks vs brokerage accounts
Self-employed borrowers and their write-offs
Tax benefits like depreciation
Interest rate forecast
Inflation forecast
Investment forecast
Asset protection
Community property states

Websites:

jasonhartman.com/sweethome

jasonhartman.com/protect

JasonHartman.com

JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN