The Mortgage Man

Need a Home Loan to do a Drought Tolerant Landscape or Yard upgrades? Reach out to Me, the Mortgage Man.

Retirement Options - Should you consider a Reverse Mortgage If you’re 62 or older and want money to pay off your mortgage, supplement your income, or pay for... healthcare expenses you may consider a reverse mortgage. It allows you to convert part of the equity in your home into cash without having to sell your home or pay additional monthly bills. But take your time: a reverse mortgage can be complicated and might not be right for you. A reverse mortgage can use up the equity in your home, which means fewer assets for you and your heirs. If you do decide to look for one, review the different types of reverse mortgages, and comparison shop before you decide on a particular company. If you have questions about this option for you or a family members, reach out to Me at 310-497-9053

While we celebrate this long weekend. Let’s celebrate and honor those who paid the ultimate sacrifice. Happy Memorial Day!

Wishing every mom a very Happy Mother’s Day!

We all know that moving is stressful. Imagine what it’s like to be a pet during a move. Here are some tips to help make your pet’s move a little easier.

It's Back, the No Income Home Loan Program Do you need to refinance, but, can't show your income? Reach out to Me for details - 310-497-9053 Jeffrey Clark... Sales Manager NMLS#450369 Brooks Mortgage, Inc. 18000 Studebaker Rd Suite 700 Cerritos, California 90703 Email: [email protected] www.myhomeloanz.com

The CA COVID-19 Rent Relief program is designed to help low-income Californians through the payment of unpaid rent to landlords. Funding for this program comes from the $2.6 billion in federal rental assistance. CA COVID-19 Rent Relief - Housing Is Key How it Works... Unpaid rent Landlords who participate in the CA COVID-19 Rent Relief program can get reimbursed for 80% of an eligible renter’s unpaid rent between April 1, 2020, and March 31, 2021, if they agree to waive the remaining 20% of unpaid rent during that specific time period. Eligible renters whose landlords choose not to participate in the program may apply on their own and receive 25% of unpaid rent between April 1, 2020, and March 31, 2021. Paying this 25% by June 30, 2021 can help keep you in your home under the extended eviction protections in SB 91. Future Rent Eligible renters can receive future rent assistance equal to 25% of their monthly rent. Combined with the assistance available for unpaid rent, future assistance will help renters stay housed once the eviction protections in SB 91 expire on June 30, 2021. myhomeloanz.com Loans for Landlords The NONI - NO Job, No Income - Start rate reduced to 4.99% - First Time Investor now allowed - Unlimited Cash out - Loan amounts to $3 million - FICO as low as 620 - Loan to Values up to 80% - Ability to use above market rents Jeffrey Clark Sales Manager NMLS#450369 Brooks Mortgage, Inc. 18000 Studebaker Rd Suite 700 Cerritos, California 90703 Email: [email protected] www.myhomeloanz.com P: 310.497.9053 Tap here: https://www.loanzify.com/get/9gkD/ Get Jeffrey Clark's app for expert mortgage calcs & more. This is a great and easy way to find out how much of a down payment you would need or how much will your monthly payment will be on a refinance or purchase. Try it and let Me know what you think.

Are you Self Employed, but, can't show your income to qualify for a Home Loan?

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As a current or retired military service member, you could qualify for a VA loan with no money down! Apply for your VA loan today! Tap here: https://1l.ink/2DRQTZK Get Jeffrey Clark's app for expert mortgage calcs & more. This is a great and easy way to find out how much of a down payment you would need or how much will your monthly payment will be. Try it and let Me know what you think.

Are you missing out on these Low Mortgage Rate?

Hey Real Estate Agents: October is Computer Learning Month, and partnering with me means you can celebrate how technology has made you and your buyers’ lives easier. With my fully digital mortgage application, all it takes is a few clicks. DM me to learn more! Tap here: https://1l.ink/KTP745H Get Jeffrey Clark's app for expert mortgage calcs & more. This is a great and easy way to find out how much of a down payment you would need or how much will your monthly payment will be. Try it and let Me know what you think.

Attn Veterans, did you know that you can can use your VA Benefits to Buy and Rehab your Home? This rarely used program will allow you to roll in the cost of the repairs all into one loan, giving you the much needed monies at closing to do the repairs to the Home before you move in. Tap here: https://www.loanzify.com/get/9gkD/ Get Jeffrey Clark's app for expert mortgage calcs & more. This is a great and easy way to find out how much of a down payment you would need or how much will your monthly payment will be. Try it and let Me know what you think.

FHA Underwriting Guidelines for Borrowers with previous Mortgage Payment Forbearance Summary: ... FHA has released Mortgagee Letter 2020-30 outlining FHA underwriting guidelines for borrowers with previous mortgage payment forbearance. I A borrower who was granted Mortgage Payment Forbearance is eligible for a new FHA insured mortgage provided: The borrower continued to make regularly scheduled payments and the Forbearance Plan is terminated, or For Cash-Out refinances, the borrower has completed the Forbearance Plan and made at least 12 consecutive monthly payments post forbearance; or For Purchase and No Cash-Out refinances, the borrower has completed the Forbearance Plan and made at least three consecutive monthly payments post forbearance; or For Streamlines: o Noncredit qualifying streamlines are permitted if borrower is out of forbearance at time of case number assignment and has made at least three consecutive monthly payments post forbearance. o Credit qualifying is required if either of the following apply: the borrower is not out of forbearance at the time of case number assignment (even if payments made as agreed) OR has made less than three consecutive monthly payments post forbearance (even if all made on time during the forbearance period) In addition, credit qualifying streamlines are only eligible provided the Borrower: Has made all mortgage payments within the month due for the six months prior to forbearance; and Had no more than one 30-Day late payment for the previous six months. I