No Origination or Processing on FHA Loans.
Josh "Mortgage Josh" Aaron
nmls: 213887
Midtown Mortgage
251 382 3729
Josh@MortgageJosh.com
Sunday, June 3, 2012
Thursday, July 7, 2011
FHA LOANS
Debt Ratio 29/50
The first number 29, represents the relationship between the borrowers income and his new housing expense of principle , interest, taxes, insurance and homeowners dues.
The other number of 50% represents the total monthly debt, including total mortgage payment and all other debt such as credit cards, loans, child support, etc.
Loan Limits
Baldwin County $285,000
Mobile County $271,050
I truly believe that by helping your build your business, - I build my business - TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done?
Then I’M THE ONE
When you think MORTGAGE,
think JOSH,
MORTGAGE JOSH,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Debt Ratio 29/50
The first number 29, represents the relationship between the borrowers income and his new housing expense of principle , interest, taxes, insurance and homeowners dues.
The other number of 50% represents the total monthly debt, including total mortgage payment and all other debt such as credit cards, loans, child support, etc.
Loan Limits
Baldwin County $285,000
Mobile County $271,050
I truly believe that by helping your build your business, - I build my business - TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done?
Then I’M THE ONE
When you think MORTGAGE,
think JOSH,
MORTGAGE JOSH,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Wednesday, June 29, 2011
USDA LOANS
Debt Ratio 29/41 - The first number 29, represents the relationship between the borrowers income and his new housing expense of principle , interest, taxes, insurance and homeowners dues.
The other number of 41% represents the total monthly debt, including total mortgage payment and all other debt such as credit cards, loans, child support, etc.
Income Caps - 1-4 persons—$74,250 - 5-8 persons—$97,750
Property Eligibility - http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp
You may want to save this to your favorites so you’ll always have it handy.
If a property comes back address unavailable I email the address to: Jenny.Celeste@al.usda.gov
If you need additional information or have any questions give me call or shoot me an email.
I truly believe that by helping your build your business, - I build my business - TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done?
Then I’M THE ONE
When you think MORTGAGE,
think JOSH,
MORTGAGE JOSH,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Debt Ratio 29/41 - The first number 29, represents the relationship between the borrowers income and his new housing expense of principle , interest, taxes, insurance and homeowners dues.
The other number of 41% represents the total monthly debt, including total mortgage payment and all other debt such as credit cards, loans, child support, etc.
Income Caps - 1-4 persons—$74,250 - 5-8 persons—$97,750
Property Eligibility - http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp
You may want to save this to your favorites so you’ll always have it handy.
If a property comes back address unavailable I email the address to: Jenny.Celeste@al.usda.gov
If you need additional information or have any questions give me call or shoot me an email.
I truly believe that by helping your build your business, - I build my business - TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done?
Then I’M THE ONE
When you think MORTGAGE,
think JOSH,
MORTGAGE JOSH,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
Thursday, June 23, 2011
BACK TO BASICS
DEBT RATIO
Deb t Ratios are the relationship between ones income and one expenses. Ratios are generally express as two numbers like 31 over 43 or 31/43. The first number, the 31, represents the relationship between the borrowers income and his new housing expense of principle , interest, taxes, insurance and homeowners dues. A borrower who makes $3,000 per month and has a housing expense of $930 would have a 31% top end ratio.
The other number of 43% represents the total monthly debt, including all other debt such as credit cards, loans, child support, etc. Thus in our example of the borrower that makes $3,000 per month and had a total expense of $1,290, would have a 41% bottom ratio.
DEBT RATIO
Deb t Ratios are the relationship between ones income and one expenses. Ratios are generally express as two numbers like 31 over 43 or 31/43. The first number, the 31, represents the relationship between the borrowers income and his new housing expense of principle , interest, taxes, insurance and homeowners dues. A borrower who makes $3,000 per month and has a housing expense of $930 would have a 31% top end ratio.
The other number of 43% represents the total monthly debt, including all other debt such as credit cards, loans, child support, etc. Thus in our example of the borrower that makes $3,000 per month and had a total expense of $1,290, would have a 41% bottom ratio.
BACK TO BASICS
DEBT RATIO
Deb t Ratios are the relationship between ones income and one expenses. Ratios are generally express as two numbers like 31 over 43 or 31/43. The first number, the 31, represents the relationship between the borrowers income and his new housing expense of principle , interest, taxes, insurance and homeowners dues. A borrower who makes $3,000 per month and has a housing expense of $930 would have a 31% top end ratio.
The other number of 43% represents the total monthly debt, including all other debt such as credit cards, loans, child support, etc. Thus in our example of the borrower that makes $3,000 per month and had a total expense of $1,290, would have a 41% bottom ratio.
DEBT RATIO
Deb t Ratios are the relationship between ones income and one expenses. Ratios are generally express as two numbers like 31 over 43 or 31/43. The first number, the 31, represents the relationship between the borrowers income and his new housing expense of principle , interest, taxes, insurance and homeowners dues. A borrower who makes $3,000 per month and has a housing expense of $930 would have a 31% top end ratio.
The other number of 43% represents the total monthly debt, including all other debt such as credit cards, loans, child support, etc. Thus in our example of the borrower that makes $3,000 per month and had a total expense of $1,290, would have a 41% bottom ratio.
Friday, June 17, 2011
Project Purr
I adopted a little kitten named jack (now Kiki) from Project Purr. The adoption process was a great experiance and Jack/Kiki has been an awesome additon to our family - Project Purr is doing a great job saving the lives of countless furry friends - I hightly recommend if you're looking for a little bundle of fur to add to your family that you contact Project Purr! - Josh (Mobile, AL)
Wednesday, June 8, 2011
Realtors,
I often get calls asking if a property is Eligible for USDA financing.
Here’s the site I use to check property eligibility:
http://ping.fm/YD7co
You may want to save this to your favorites so you’ll always have it handy.
If a property comes back address unavailable I email the address to:
Jenny.Celeste@al.usda.gov
If you need additional information or have any questions give me call or shoot me an email.
I truly believe that by helping your build your business, - I build my business - TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done?
Then I’M THE ONE
When you think MORTGAGE,
think JOSH,
MORTGAGE JOSH,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
I often get calls asking if a property is Eligible for USDA financing.
Here’s the site I use to check property eligibility:
http://ping.fm/YD7co
You may want to save this to your favorites so you’ll always have it handy.
If a property comes back address unavailable I email the address to:
Jenny.Celeste@al.usda.gov
If you need additional information or have any questions give me call or shoot me an email.
I truly believe that by helping your build your business, - I build my business - TOGETHER WE BOTH SUCCED!
We offer Conventional, FHA, Reverse, USDA, and VA Mortgages.
If you are looking for a Loan Officer who is full of fun,
Who is willing to work hard to get the job done?
Then I’M THE ONE
When you think MORTGAGE,
think JOSH,
MORTGAGE JOSH,
Your Friend in the Mortgage Business!
251 382 3729 cell – Josh@MortgageJosh.com – www.MortgageJosh.com. – Josh Aaron NMLS: 213887 – NFM, Inc 1535 S Schillinger Road, Mobile, AL 36695 – Equal Housing Lender.
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