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12 minutes | Feb 5, 2020
Taking a Loan Application
Giving you details on these steps of taking a loan application:Taking the loan applicationPulling creditElectronically sending packageUploading your documentsGetting home inspectionNext part of the series is the loan in processingFor more info, to subscribe and watch short videos visit www.ddamortgage.com
13 minutes | Jan 29, 2020
Should you lock in your mortgage rate or float it? Covering insurance shopping as well. Is it wise to float your rate?What are the risks involvedWhat strategies can you do in the future to improve on your rateShopping insurance – what do I do and what do I need to knowProperty taxes – portability? What - homesteadLearn more and watch videos at www.ddamortgage.com
12 minutes | Jan 22, 2020
In this episode of Investor Loans I cover:Low credit scores – 500 mid scores1 day out of bk or foreclosureForeign nationalsWhat types of propertiesClose in an LLC and a trustUnlimited seller contributionsNo reservesProperty flips okay
26 minutes | Jan 15, 2020
Should You Refinance?
This episode covers: Why would you refinanceWill it be a rate term refinanceWill it be a cash out refinanceHow do you consider it when you have a first and second mortgageDoes it make sense to refinance a loan when you already have a low rateShould you go back to a 30 year fixed, 15 10 or ?Paying closing costs or not – you here about thatGetting a credit at closingDo you have escrows or notDo you have your existing survey and owners title to save moneyWhen refinancing good time to look at what you are paying for insurance and doing an overhaul on the total paymentGet more info at www.ddamortgage.com
14 minutes | Jan 8, 2020
Non-QM Loans for 2020
Covered in this week's episode:Purchasing a home with just a bank statement on a owner occupiedPurchasing a home with just a profit and loss on a owner occupiedPurchasing an investment property with just rental incomeNo doc loans on investment propertiesThe increase in loan amounts for FloridaFhaConventionalVaFha203kWhat is the rates going to be like in 2020 – find out my predictionsContact me and learn more at https://www.ddamortgage.com
12 minutes | Dec 23, 2019
Does it make sense to close in December or wait until January?That's an important question to consider.What are the seller paying for property taxes now?Does it benefit you to close now or later?What not to do with the seller If closing in January.Also discussing Portability.Get more info at www.ddamortgage.com
16 minutes | Dec 18, 2019
All You Need to Know About Condos
Covered in this episode:Limited Review - what does that mean and at what loan to value & why go to a limited reviewFull Doc Review - what is entailed and what do you need to know before spending moneyWhat type of financing are on condos and what should you know, re:VAFHAConventionalThe cost of a condo form that needs to be completed on a full review - what can you expect
15 minutes | Dec 11, 2019
Changes and Updates in the Mortgage Industry
The changes and updates you should know about in the mortgage industry1.Loan amounts have increased in Florida for 510,400What does that mean in terms of higher purchase priceWith homes prices going up how does that help2.FHA 203k - increasing the streamline from 35,0000 to 50,0003. What is going on with the 3% down programs4. Bad credit - what are your options?
14 minutes | Nov 27, 2019
Are You Getting the Best Rate
1. Shopping rates and your bank gives you a rate that is incredibleDid they get a CDDid they deliver on what was quotedWere you able to speak to them during the processDid you get what you were told? Did you understand itTime to go to closing, did you make it on time?What lessons to learn from that2. The vibe! Do you have it have you been referred by someone such as a realtor, banker, coworker, family membernow for the vibe, do you have good energy level with the person you are dealing with and at the same time did you learn from themyou cant get to second base without taking your foot off of first
30 minutes | Nov 20, 2019
What to Expect During the Process
Didier and David discuss:What type of financingOrdering a home inspectionOrdering appraisalOrdering titleOrdering insuranceOrdering surveyOrdering pest inspectionDoing a walk thruWiring funds
42 minutes | Nov 13, 2019
Start to Finish
Not sure what goes into buying property?
22 minutes | Nov 6, 2019
Buyers, Rates and Location
Todays episode covers these important topics:I Buy and Big Tech BuyersMortgage Rates and RefinancingDunedin, Florida area
57 minutes | Oct 30, 2019
Buying Flipping and Real Estate Recommendations
This episode welcomes a guest co-host, Florida Realtor, David Zusman and covered in this episode is:Buyers Hesitations - Concerns of a RecessionFlipping a PropertyIs it a Good Time to Purchase a HomeRecommendations for Buyers When it Comes to OffersThe Importance of a Pre-Approval LetterWhat's Happening in the Month of October - Inventory
19 minutes | Oct 23, 2019
Who Do You Go To For A Mortgage?
Do you shop online?Do you go with a referral, someone in the community?Is it from a realtor, friend, or someone from your workWhat are questions to ask when getting rates and costsAre they 9 to 5 and does it matter?Will they attend the closing? Is there any value to that?Is ti a one time deal or a partner for life?Visit www.ddamortgage.com for more info and videos
15 minutes | Oct 16, 2019
What are the Funds to Close
Funds to close on a home:How much down do you need?Fund down for fha, va, conventional and non qm loansDown payment assistance - how does that workWhere are the funds coming fromThe ground - pillow - Gift from a family member401kChecking, savings, stocks?Seasoning - what does that meanHow can you preplan in order to purchase a homeWeird deposits, is that good?
12 minutes | Oct 9, 2019
Sources of Funds to Close
Downpayment - what is availableDown payment assistanceBorrower from your 401kGift of funds from a familyFunds have to be paper trailedSeasoning for 2 months
21 minutes | Oct 2, 2019
How Do You Get Credit?
Graduating high school - what do you do?Bad things happen to good people , what do you do?What causes low credit scores and what can you do?How does the credit score scale work?Does it affect the rate and your monthly PMI if you put less than 20% down?
17 minutes | Sep 25, 2019
When do you order an appraisal?What happens if the value is higher, the same or lower?If it is lower than what can you do?Is there a solution and how does it affect conventional,fha and va?Appraisal waivers and how does that work?Is this something that will continue to expand the appraisal waiver and how does it affect usGet all of these questions answered and MORE!
28 minutes | Sep 18, 2019
Non QM Loans on the Rise
What is a non QM loan and how does it differ from a QM LoanDoes it apply to owner occupied homes, second homes and investor home?What type of programs are theirWhy would someone need a non QM loanIs it growing from previous years - Is it comparable to sub prime was over 10 years ago?Is it a good loan for the consumer?Do you like doing them?What do you see in the future regarding this product
22 minutes | Sep 11, 2019
Tailor Making Your Refinance
Rates are coming downDo we just go for savings or do you switch gears and look at reducing the termHow can we taylor make our refinance - just a 10-15-30 year?What about the interest rateWhat about debt consolidationKids student loans due for payments, addition to the home, consolidate credit card debtWhat are the benefits putting it all in one loan vs paying everyone elseAre you making the right move?
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