Colorado Carl

Need to Sell Your Home Fast?
Carl not only sells homes fast, but for more money!

Carl uses a system that delivers actual results, not excuses. Then his proven marketing system reaches out directly to over 60,000 buyers that are looking to buy a home like yours.
Call Carl today for a free, no obligation estimate of your home’s current market value.
His expert services cost you nothing if your home does not sell for your terms!

Don’t trust just anyone to prepare, market, and negotiate the sale of your biggest asset. Trust a Realtor with Masters level training in Negotiation, Marketing, and Finance to get the deal done right.

*** I am currently working on a form where you can input your home’s information for a market analysis. For now, please call me or email me with your property address and a brief description of the level of finishes in your home. I will create a custom report for you to help evaluate your next move.

By Jocelyn Predovich, President of Limetree Lending Group

Applying for a home mortgage loan is the starting line for one of the most exciting events in life—buying a home. But you must first choose the right mortgage consultant, because when you work with the right one, you’re properly prepared and you know what to expect, the process can be a snap. Just remember: home-ownership is a worthwhile goal, and like any worthwhile goal, it will take work to accomplish.
First things first
Before you do anything else (including look at houses), sit down and work out a budget. Figure out exactly how much you can afford to spend on your monthly house payment. Come up with a number that you can comfortably live with. Next, you’ll want to interview at least three licensed mortgage consultants.
The best way to find candidates is to ask friends, family and coworkers for referrals. You’ll find that satisfied customers can’t help but talk about their good experiences. You’ll also find that price isn’t the only component of a positive lending transaction. Criteria for licensed mortgage consultants should include a mortgage license, expertise, flexibility, excellent communication skills, one you feel an easy rapport with and sterling references.
During the interview process for each candidate, here are two items to request:
1. A standard-format good faith estimate (lenders are required to provide this to clients no more than three days after applying for a mortgage). This will give you a breakdown of their fees (how much your mortgage loan will cost you).
2. At least three references from closings of the prior month.
Here’s a list of questions (plus the preferable answers) to ask each of the candidates:
1. How long have you been in business? (More than two years.)
2. Do you have your mortgage license?
3. Will you stand by your good faith estimate? (Yes!)
4. Are there any upfront fees to work with you, such as application fees? Credit report fees? Appraisal fees?
5. How long will it take to complete the loan process? (It should take 2-6 weeks, depending on your situation. The average is 3 weeks. If the candidate says it’ll only take a couple of days—or more than two months—this should raise a red flag.)
6. How many loan products do you have access to? (The more the better, of course.)
7. What will my TOTAL house payment be—including principal, interest, taxes, home insurance and mortgage insurance?
Do your homework
Your mortgage consultant will pull a copy of your credit report from all three major bureaus. A good mortgage consultant will go over each of your reports with you with a fine-tooth comb and help you to correct any errors you find. A good mortgage consultant will also advise you of which (if any) of your debts you should pay off or accounts you should close.
Be sure to disclose any and all credit trouble you’ve had. Laboring under the delusion that you can hide aspects of your history from your mortgage consultant is a fatal mistake—you will be found out, and it will hinder your ability to get the best rate or even be approved at all.
A word of caution: if you decide to let several mortgage consultants pull your credit in order to choose among them (i.e., who can get you the best rate based on your information?), be sure to do this sort of shopping within five days. The more your credit is pulled, the lower your credit score dips.
Finally, the free online credit reports aren’t accurate and therefore are a waste of your time. These free Internet reports only come from one bureau, and you need all three to have a complete credit report. In qualifying for a mortgage, the middle FICO score of the three is used.
Pre-qualification vs. pre-approval
What’s the difference between getting pre-approved and being pre-qualified? Good question, and an important distinction, because knowing the difference can save you a lot of heartache. Prequalification means you’ve had a meeting with your mortgage consultant and given some preliminary information. Your mortgage consultant has run some hypothetical numbers and come up with how much you’ll probably be able to borrow once you’ve submitted actual paperwork.
Pre-approval, on the other hand, is the actual amount of money you have been approved to borrow, based upon income, employment history, outstanding debts, credit history, etc. It is, in essence, your lender guaranteeing that you’ll be able to borrow a certain amount of money. While prequalification is a good thing, pre-approval is preferred—everything has been disclosed and verified, so you’re eliminating any unforeseen problems.
You’re ready
Now you can go find the house of your dreams. After you’ve done that, you’ll need to provide some documentation to your mortgage consultant. Below is a list of the things you’ll probably need, so get them together in advance.
Income Items:
• W2 forms from the last two years
• Most recent pay stubs for past 30 days
• Bank statements from the past two months.
• Statements from other asset accounts from the past two months.
Note: Internet credit and bank statements are not always acceptable, especially when the printed version does not contain your name, account number and the name of the institution.
More items may be required from those who are self employed, such as the last two years’ tax returns. Also, supporting documentation requirements are based on your personal situation and the loan program chosen. Your mortgage consultant will provide you with a customized list of items.
Details, details
Next, you need to be aware that you’ll have to disclose where you got the money for your earnest money and down payment. If you borrow the money, that debt will be considered in the approval process (it could even increase your interest rate or prevent you from being approved at all.) If relatives are providing the money, you need proof that the down payment is a gift—in other words, that you won’t have to pay it back.
As you now see, the mortgage loan process doesn’t have to be difficult. You just need to know what to expect, be prepared and, most importantly, work with the right licensed mortgage consultant.

To get more information or to get preapproved go to www.limetreelending.com
You can send your questions to info@limetreelending.com
Needing money to repair, remodel, renovate your home go to www.colorado203klender.com
For updated interest rates text RATE to 41411

By Jocelyn Predovich, President of Limetree Lending Group

If you’re like most people, you’re expecting the qualifying process to be excruciating. Well great news! Qualifying for a loan is not as bad as you may expect.
Completing a Loan application takes 5-10 minutes and can be done online (www.limetreelending.com)
Typically, your initial application will ask for the following information for all people who will be on the loan:
• Names
• Dates of birth
• Social security numbers
• 2 year address history
• 2 year employment history
• Gross monthly income
Once your initial application is reviewed, you will most likely need to provide copies of documents to verify the information:
• Paystubs
• Bank statements
• Tax returns
• W2s and/or 1099s
• If applicable, divorce decrees, bankruptcy papers, child support orders, etc.

Qualifying – what is required?
• Minimum credit score of 620
• Minimum down payment of 3.5% of the purchase price (although many programs are available to provide assistance with this. Ask your lending advisor if you are eligible)
• Two year employment history (in some cases, this can be overcome. Ask your lending advisor)

Down Payment – what is the minimum?
• For FHA loans, the minimum down payment is 3.5% of the purchase price (although many programs are available to provide assistance with this. Ask your lending advisor if you are eligible)

Are there first time home buyer programs?
• CHFA: http://www.chfainfo.com/
• HUD $100 down program: http://www.hud.gov/local/tx/news/fhaincentives.cfm
• Many counties offer specific programs. Please email info@limetreelending.com with your county for more info

Current Interest Rates
• FHA rates are currently at 4.25% for a 30 year fixed loan! Remember all you need is a minimum credit score of 620. Rates are the same whether your score is 620 or 720 with FHA loans!
• As a comparison, a $200K house would have a monthly principal and interest payment of $971. If you wait until rates go back up to 6.5%, the principal and interest payment will be $1247! That’s almost $100K more in interest over the 30 year life of the loan!

Looking for a fixer upper
• Consider an FHA 203k loan – roll the costs of rehabilitating a property into the mortgage you are already getting
• Take advantage of the current low rates to turn that house into the home of your dreams, all with one mortgage payment per month!
• Visit www.colorado203klender.com for more information on 203k loans and download 2 free eBooks

To get more information or to get preapproved go to www.limetreelending.com
You can send your questions to info@limetreelending.com
Needing money to repair, remodel, renovate your home go to www.colorado203klender.com
For updated interest rates text RATE to 41411

• Working with Me can save you endless amounts of time, money and frustration.
• I know the housing market inside and out and can help you avoid many a “wild goose chase.”
• I can help you with any house even if it is listed elsewhere, or is being sold by the owner directly.
• I know great lenders and can help you get pre-qualified for a mortgage; and can discuss down payments, closing costs, and monthly payment options.
• I am an excellent source for general information about the community, specific information about schools, churches, shopping, transportation, plus tips on house inspection and pricing.
• I am experienced at presenting your offer to the homeowner and can help you through the process of negotiating the best price. I bring objectivity to the buying transaction, and can point out advantages and disadvantages of a particular property.

And the BEST thing is that all this help normally won’t cost you a cent. Generally, the seller pays the commission. However, that doesn’t affect my dedication or the spirit of teamwork that I will put into helping you find and buy the home of your dreams. After all, my immediate and continued success depends on your success.