Barclay Butler Financial Inc.

March 14, 2023

Why you should use a real estate professional, to buy or sell a home.

Real estate professionals know more about the houses and the surrounding area. You will save time and money when you use a real estate professional. Here are the benefits when buying a home: Has the most information in one place about what is on the market, including homes listed by other professionals. You won’t waste time looking at unsuitable homes. […]

203- K mortgage 0 1 min read

March 14, 2023

You can buy a home 2 yrs. after your Ch. 7 bankruptcy is discharged.

If you declared chapter 7 bankruptcy you only need to wait 2 years from the date of discharge to buy a home. It is very important to rebuild your credit with 3 secured credit cards right after your bankruptcy has been filed. When your 2 years seasoning on the bankruptcy is up you will have great credit again. Then you […]

203- K mortgage 0 37 sec read

March 14, 2023

Why using a credit repair company before getting a mortgage is a bad idea.

Credit repair is helpful if there is a lot of incorrect information on your credit report. If you have hired a company to dispute all of your bad credit, it most likely will delay or stop you from getting a mortgage. Most credit repair companies will dispute everything on your credit report that is derogatory. When a trade line on […]

203- K mortgage 0 1 min read

March 14, 2023

1 day out of a foreclosure and you could buy a home!

Yes it is true you can buy a home 1 day after your foreclosure. Your home has to have been already foreclosed, it cannot be in the process of being foreclosed. If you have a 550 credit score and 40% down you can buy a new home. You can get either a Fixed Rate or ARM and or Interest Only. […]

All states 0 30 sec read

March 14, 2023

What you should know about student loans before you buy a home or refinance.

Student loans can affect the loan process in multiple ways. They could limit you on how much you can buy or they could prevent you from buying a home all together. We will look at how student loans affect FHA, VA, USDA & conventional loans. Student loans are looked at differently depending on what type of loan you are […]

203- K mortgage 0 1 min read

March 14, 2023

Conventional loan or FHA loan which is better for me?

A lot of people ask me which loan should I get. My answer is it depends on your situation. Both FHA & conventional loans are good loans. Here are the main reasons to use either Conv. or FHA loan. FHA- If you have lower income and want to put down only 3.5%. If your credit score is below 660. […]

203- K mortgage 0 1 min read

March 14, 2023

VA Home Loans Available with Credit Scores as Low as 500 and Debt-to-Income Ratios up to 65%

If you’re a veteran, active-duty service member, or the spouse of a deceased veteran, you may qualify for a VA home loan—even if other lenders have told you no. Here’s why VA loans are such a powerful benefit:✅ No down payment required✅ No monthly mortgage insurance✅ Flexible approval – credit scores starting at 500 may qualify✅ Higher debt-to-income ratios allowed […]

All states 0 39 sec read

March 14, 2023

Mortgage company overlays helping or hurting home sales.

Most mortgage companies have overlays on their products. An overlay is an additional requirement added on top of a FHA, VA, USDA or conventional mortgage guidelines. One example is FHA allows down to a 580 credit score if you want to put down 3.5% down payment. 95% of the lenders state you must have a 640 credit score and about […]

2-4 unit building 0 1 min read

September 25, 2019

Investment property blanket portfolio loans

Do you own investment properties and you cannot get cash out of them because their values are too low? Do you want to put all of your investment properties under one loan at a low interest rate? Do not show enough income on your taxes. This loan product will help you with those problems. Minimum property value is $40,000. Min. […]

All states 0 45 sec read

June 26, 2019

No Doc / No Ratio Investment Property loan are back.

Do you own or want to own an investment property but, you keep getting turned down because your income is not sufficient or you own too many investment properties. These new loans do not verify your income. As long as you can put down 15% or you have 25% equity in your property you can get one of these loans. […]

All states 0 45 sec read

Why you should use a real estate professional, to buy or sell a home.

You can buy a home 2 yrs. after your Ch. 7 bankruptcy is discharged.

Why using a credit repair company before getting a mortgage is a bad idea.

1 day out of a foreclosure and you could buy a home!

What you should know about student loans before you buy a home or refinance.

Conventional loan or FHA loan which is better for me?

VA Home Loans Available with Credit Scores as Low as 500 and Debt-to-Income Ratios up to 65%

Mortgage company overlays helping or hurting home sales.

Investment property blanket portfolio loans

No Doc / No Ratio Investment Property loan are back.

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