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Florida FHA Guidelines Loans Under 620 Credit Score  Read More →

Owners/CEOs of mid size enterprises have two challenges: (a) Facilitate growing their enterprises without compromising on the “nimble footedness” that got them to where they are and yet put in place processes that are absolutely necessary to enable to the business handle volumes far bigger than their current size; and (b) Keep costs trimmed and aligned to business volumes In other words, be capable of growing with processes that are necessary to scale up; and yet remain profitable without ballooning overheads. Outsourcing your back office processes, especially accounting services, is a step in the right direction. Increasing pressure on profits is driving more and more midsize enterprises to look at outsourcing to cut costs and... Read more »

Anyone can purchase a Florida HUD Home as long as you have the cash to purchase the home or you can qualify for an FHA loan. FHA/HUD Homes are sold through a bid process and you will need a Florida FHA/HUD-approved real estate agent to assist you with that bid process. HUD will even pay that real estate agent’s fee. Florida HUD Homes are sold ”’as-is,”’ without warranty. That means that HUD will not pay to correct any problems. But even if a HUD Home needs fixing up – and not all of them do – it can be a real bargain! For example, HUD’s asking price on the home will reflect the fact that the buyer will have to invest money to make improvements. HUD might offer special incentives such as an allowance... Read more »

Florida FHA Loans Under 620 Credit Score The main advantage to a FHA mortgage loan for Florida homebuyers is that the credit criteria for a Florida mortgage applicants is based upon a common sense approach to lending rather than a credit score drive approach. For Florida mortgage applicants  who have stable predicable income and timely payment history  for the past 12 months will most likely qualify for a FHA home loan. Purchases (Min 530 score) 12 months cancelled checks or Management VOR (verification of rent) Must have 3 open and active trade lines for last 12 months Payment shock limited to 1.5 times current rent. 35/45 Max DTI No late payments or collections in last 12 months NO late’s after Bankruptcy.  No Score Borrowers 3... Read more »

Little things make a big difference. That’s true in marriage, parenting, and in marketing yourself as a mortgage professional. Too often as entrepreneurs we get caught up in the “thick” of “thin things” and we lose touch with what really drives success in our business. In the little time we have together I want to remind you (or surprise you) of eight deadly marketing sins that mortgage professionals commit that could be crippling your business growth. Sin #1 – Working “In” Your Business Instead of “On” Your Business I was working with a consulting client recently who was in a sales slump. I decided to perform a very simple diagnostic. I simply asked him to send me detailed list with... Read more »