Mad Mortgage Machine Ep 2
This week Dave discusses the FHA Home Loan regulations, new seller concessions, FHA and Flipping, Higher Down Payment, and the Biz Booster of the week is ID Theft.
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Dave Woodson
The Mad Mortgage Machine
FHA and the “Flipper”
As foreclosures increase across the United States and that includes Indiana, banks are looking for ways to sell their overloaded REO inventory.
FHA has devised a plan that should be able to help many of those that buy homes, do some fixing up of the home and put it back on the [...]
Does my insurance and taxes have to be taken out from my fha mortgage payment ?
Dear Mad Mortgage Machine
I bought my first home with a fha mortgage loan. I wanted to know if there is any way I could have my insurance and my taxes not to be included in my mortgage payment?
Bill
Dear Bill,
In a word, No. I am sorry that your broker did not explain this to [...]
Why would someone go with an FHA home loan vs. a Conventional home loan?
Dear Mad Mortgage Machine,
I am married and my husband has quite a bit of debt, and I do not plan on paying off prior to buying a home. If I go FHA, his debt is added to my debt even though I am the only one on the loan. If I go [...]
Who is responsible for filing a Homestead and mortgage exemption?
Dear Mad Mortgage Machine,
The taxes in our area when up drastically. My friend asked me to review his tax bill and I noticed he did not have a Homestead or Mortgage exemption. He has a 30 year mortgage on the property and it is his only & primary residence. He’s had [...]
Who in Indiana needs me?
I was thinking just the other day, “who needs me”. No, I was not feeling sorry for myself ready to drive into the oncoming traffic and end it all, but who out there needs my services. Who NEEDS me! Who can use my services?
This is what I came up with (in no particular order), and [...]
B +
B+
Be Positive
On Friday, I heard a commercial for mortgage guy out of Chicago and his message was just all over the place, but it was mostly negative. He was not being negative on his competition, but on the “market” on a whole. I was shocked by his comments. I was thinking what a fail of [...]
Indiana First Time Home Tax Credit
Revisited…
Lately, I have been getting some calls and emails about the Indiana First Time Home Buyer Tax Credit from some very confused Indiana home buyers and agents alike.
I want take just a moment and straighten out a few of the misconceptions that are there.
Lets set the record straight once and for all and let me [...]
Where in Indiana are you?
Where in Indiana do we do business and where in Indiana have I been doing business!
I cover the State of Indiana, as I am the Indiana FHA Expert and the Mad Mortgage Machine. A few weeks ago, we were able to do a first time home loan for a good friend of mine and [...]
Indiana FHA Home Loan
Are you unhappy where you are living? Are you too old to be living with mom and dad?
With an Indiana FHA Home Loan…You can change your life.
Whether, you are a first-time home buyer, have owned a home before or have less than perfect credit FHA more than likely has a program that will best [...]
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