logging in or signing up Realtor Knowledge Is Power lykinlyf Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 47 Category: Business & Fin.. License: Some Rights Reserved Like it (0) Dislike it (0) Added: March 27, 2011 This Presentation is Public Favorites: 0 Presentation Description Educational video to help Realtors get buyers into homes more quickly Comments Posting comment... Premium member Presentation Transcript PARAMOUNT EQUITY JUSTIN LEES: PARAMOUNT EQUITY JUSTIN LEES EDUCATION SERIES VOL. 16OVERVIEW: OVERVIEW DOWN PAYMENT ASSISTANCE PROGRAM CONVENTIONAL & FHA CHANGES USDA (RURAL) REVERSE MORTGAGE (PURCHASE) FHA 203K ENERGY EFFICIENT MORTGAGE SOLAR POWER INSURANCE REALTOR MARKETINGDOWN PAYMENT ASSIST: DOWN PAYMENT ASSIST Platinum Program 3% Grant (not a loan) FHA, VA & USDA programs Not restricted to 1 st time homebuyers Used for down payment or closing costs Income restrictions (120% of median income) Primary residence only Max Loan Amount $417,000 Min Fico 640CONVENTIONAL & FHA: CONVENTIONAL & FHA Conventional programs to 90% LTV Mortgage insurance options (monthly or buyout) FHA Changes Cancellation of case no. after 6 months (inactive) Case number ordered once deal in escrow Prior Inv prop newly occupied by owner< 12 mos Occupant wants to refinance: Max LTV = 85% Monthly MI increasing 0.25% across boardUSDA GUARANTEED: USDA GUARANTEED Rural Areas only Zero Money Down No Mortgage Insurance Subject to funding fee 2% (financed) Income limitations (Ex. Sac & Placer) 1-4 PPL up to $84,100 / 4-8 PPL up to $111,000 Min Fico 640REVERSE MORTGAGE: REVERSE MORTGAGE Primary Residence Only Age: 62 an older (youngest) Down payment based on age, value & county Occupant has 60 days to occupy the property Manufactured homes built after 6/15/76 okay No Payment Necessary No Credit Score or Income Necessary 1-4 Units OkayFHA 203K: FHA 203K Renovation / Rehab Purchase Loan Remodeling & Room Additions Allowed Health & Safety Issues Addressed First Energy Efficient & Solar Power Allowed 203k Consultant & FHA Approved Contractor 6 Months Of PITI Payments Financed 203k Streamline < $35,000 Of RehabENERGY EFFICIENT MORTGAGE: ENERGY EFFICIENT MORTGAGE HVAC, Windows, Water Heater, Insulation & Weather stripping Up To 5% Of Appraised Value Does NOT Hold Up Loan Increases Value Of Home Amt. Financed Does Not Affect LTV or DR Inspection Fee $350 Paid At Closing (If Closes) Both Process & After-Project ManagedSOLAR POWER: SOLAR POWER Zero Money Down Lease Improves Marketability of Home Lock In Energy Rates Panels 100% Warranted & Insured Reduced Electricity Bill Positive Environmental Impact Compatible with 203K programINSURANCE: INSURANCE Home, Auto, Health & Life Allied, Hartford, Mercury, Nationwide, Uniguard, Fidelity Competitive Quotes Investor FlipsREALTOR MARKETING: REALTOR MARKETING Single Property Sites Craigslist Marketing To Drive Leads Back Call Capture Virtual Agent Text Capture Custom Forms & Flyers Co-Branding Social Media & SEOCONTACT ME TODAY: CONTACT ME TODAY JUSTIN LEES SR. FINANCIAL SPECIALIST PARAMOUNT EQUITY DIRECT 916.218.7037 CELL 916.276.7618 EMAIL jlees@paramountequity.com WEBSITE www.securehomefinance.com You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
Realtor Knowledge Is Power lykinlyf Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 47 Category: Business & Fin.. License: Some Rights Reserved Like it (0) Dislike it (0) Added: March 27, 2011 This Presentation is Public Favorites: 0 Presentation Description Educational video to help Realtors get buyers into homes more quickly Comments Posting comment... Premium member Presentation Transcript PARAMOUNT EQUITY JUSTIN LEES: PARAMOUNT EQUITY JUSTIN LEES EDUCATION SERIES VOL. 16OVERVIEW: OVERVIEW DOWN PAYMENT ASSISTANCE PROGRAM CONVENTIONAL & FHA CHANGES USDA (RURAL) REVERSE MORTGAGE (PURCHASE) FHA 203K ENERGY EFFICIENT MORTGAGE SOLAR POWER INSURANCE REALTOR MARKETINGDOWN PAYMENT ASSIST: DOWN PAYMENT ASSIST Platinum Program 3% Grant (not a loan) FHA, VA & USDA programs Not restricted to 1 st time homebuyers Used for down payment or closing costs Income restrictions (120% of median income) Primary residence only Max Loan Amount $417,000 Min Fico 640CONVENTIONAL & FHA: CONVENTIONAL & FHA Conventional programs to 90% LTV Mortgage insurance options (monthly or buyout) FHA Changes Cancellation of case no. after 6 months (inactive) Case number ordered once deal in escrow Prior Inv prop newly occupied by owner< 12 mos Occupant wants to refinance: Max LTV = 85% Monthly MI increasing 0.25% across boardUSDA GUARANTEED: USDA GUARANTEED Rural Areas only Zero Money Down No Mortgage Insurance Subject to funding fee 2% (financed) Income limitations (Ex. Sac & Placer) 1-4 PPL up to $84,100 / 4-8 PPL up to $111,000 Min Fico 640REVERSE MORTGAGE: REVERSE MORTGAGE Primary Residence Only Age: 62 an older (youngest) Down payment based on age, value & county Occupant has 60 days to occupy the property Manufactured homes built after 6/15/76 okay No Payment Necessary No Credit Score or Income Necessary 1-4 Units OkayFHA 203K: FHA 203K Renovation / Rehab Purchase Loan Remodeling & Room Additions Allowed Health & Safety Issues Addressed First Energy Efficient & Solar Power Allowed 203k Consultant & FHA Approved Contractor 6 Months Of PITI Payments Financed 203k Streamline < $35,000 Of RehabENERGY EFFICIENT MORTGAGE: ENERGY EFFICIENT MORTGAGE HVAC, Windows, Water Heater, Insulation & Weather stripping Up To 5% Of Appraised Value Does NOT Hold Up Loan Increases Value Of Home Amt. Financed Does Not Affect LTV or DR Inspection Fee $350 Paid At Closing (If Closes) Both Process & After-Project ManagedSOLAR POWER: SOLAR POWER Zero Money Down Lease Improves Marketability of Home Lock In Energy Rates Panels 100% Warranted & Insured Reduced Electricity Bill Positive Environmental Impact Compatible with 203K programINSURANCE: INSURANCE Home, Auto, Health & Life Allied, Hartford, Mercury, Nationwide, Uniguard, Fidelity Competitive Quotes Investor FlipsREALTOR MARKETING: REALTOR MARKETING Single Property Sites Craigslist Marketing To Drive Leads Back Call Capture Virtual Agent Text Capture Custom Forms & Flyers Co-Branding Social Media & SEOCONTACT ME TODAY: CONTACT ME TODAY JUSTIN LEES SR. FINANCIAL SPECIALIST PARAMOUNT EQUITY DIRECT 916.218.7037 CELL 916.276.7618 EMAIL jlees@paramountequity.com WEBSITE www.securehomefinance.com