David Rascoe's (daver) Blog

                                                          FHA                                 Conventional                                VA      _Maximum loan limits per County      Yes                                   No                                               NoMaximum loan amount      ...

FHA    The Federal Housing Administation is a federal agency within the Department of Housing and Urban Development.  Created in 1934 to provide Lenders with protection against default.  FHA mortgages are made by Lenders that are insured by the Federal Government through Insurance Premiums, "MIP"...

Type of AccountsRevolving (i.e. credit cards, unsecured line of credit etc.) 1x30/12 monthsInstallment loans (i.e. suto loans, student loans and personal loans) 1x30/24 monthsMortgages (i.e. loans secured by real estate, either 1st or 2nd mortgages) 1x30/24 month Examining your Credit HistoryA cr...

" The Mortgage Loan Finders" Loan Programs ·       FHA LOANS = Fixed, Arms or Streamlines (tough loans)·       VA LOANS = Fixed, Arms or Streamlines (tough loans)·       CONVENTIONAL and JUMBO LOANS   ·       Full Documentation95% LTV 620 score80/10/10 or 80/15/5Mortgage Insurance in the Rate100 ...

" The Mortgage Loan Finders"of Equitable Trust            "The Mortgage Loan Finders", of Equitable Trust, are proud to serve your mortgage needs as both a mortgage banker and broker. Our variety of programs and rates will exceed your expectations. In addition, Mortgage Loan Finders has establish...

DEBT TO INCOME RATIO  FHA is 29% for housing and 41% for total debt including the housingVA is 41% for total debt including the housingConventional is 36% total debt including the housing EXAMPLE Income of $45,000/year = $45,000 divided by 12 months = $3,750 X 41% = $1,537.50 Maximum monthly debt...

Experian                                   Transunion                                EquifaxPO Box 2002                           PO Box 1000                                 PO Box 740241Allen, Tx75013                        Chester, Pa. 19022                  Atlanta, Ga.  30374888-397-3742     ...

NUTS & BOLTS OF CREDIT  CREDIT PURPOSE TO DEMONSTRATE ONE'S ABILITY TO REPAYTO HAVE GOODS OR SERVICES TODAY WITH THE FLEXIBILITY OF REPAYING AT A LATER DATETO DEMONSTRATE FUTURE PAYMENT ABILITY                        THE 3 MAJOR CREDIT REPORTING BUREAUS: *  EXPERIAN  1-800-682-7654    http://www....

  David L. Rascoe, Jr.  ExperienceApril 12, 2002 to Present:Equitable Trust Mortgage Corporation 7920 McDonogh Rd. Ste. 204 Owings Mills MD 21117Branch Partner§     Self generate mortgage loans, while motivating the other loan officer and recruiting.§     Control the Profit and Loss statement, pa...