Mike's 203k Blog

What is your consultation fee?That is nearly always a question that gets asked. Well, it is on our order form to make it easy for you to fill out your GFE - Good Faith Estimate of fees and charges. We have attempted to make it so easy and efficient. If you are a lender placing the order and you h...

Sure we can. In fact this week we added another four or five.. All of them went something like this -  I get a call and they ask to be on our list, I tell them to send me an email with all of their contact information and they all must hear something I didn't say as they ALL sent  Name Company na...

Buying a home with the FHA 203k in Fort Pierce FL or anywhere else for that matter can be smooth or a nightmare. It is mostly attitude. The attitude of the borrower. Nightmares typically happen when they try to do it themselves. I'm referring to the buyer again. The buyer wants to cut the cost to...

 I had just arrived at a 203k project in San Juan Bautista, CA when I noticed these chickens walking down the sidewalk toward the intersection. Then the rooster stopped and the hens stopped behind him, he seemed to look both ways and turn to cross the street in the crosswalk. Unbelievable.       ...

How do I choose a consultant for my 203k project? Believe it or not, it astounds me to see the criteria people use to make that choice. #1. The lender is responsible for choosing the consultant. Even though we work for the borrower it is the lender's responsibility to choose the consultant.  #2. ...

We were completing a 203k project a while back and the contingency reserve hadn't been used at all. The contractor stayed on budget... that is a first, just kidding.  The home owner called me and said the contractor had agreed to paing the entire exterior of the home for the money left in the con...

Fireplace safety - You might think that anyone would like to live in a home that is safe and secure but apparently some just don't understand why we have professionals in the business to insure their safety.  What would you think if you saw soot coming from under the chimney stack and out onto yo...

Meet Pete Campbell our guy in Fort Pierce FLWe are highlighting Pete this month as he is a "go getter" and has taken to the FHA 203k consulting like a duck takes to water. I have trained allot of consultants all over the country and not all of the get it like Pete does. He is also personable and ...

Fastest way to a close on an FHA 203k is using a TEAM I received a call from a home buyer the other day. She asked for some assistance on her 203k loan in process. Turns out the lender was doing their first 203k and chose a consultant who was just getting started and had no clue as to what he was...

Ft Pierce FL 203k renovation loans for refinanceI just purchased a home two months ago and there is more work than we expected to get it livable. What options do we have, if any, to get money to do the necessary work?Actually you are in very good shape to get the money to do the work on your home...