Mike's 203k Blog

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Home Inspector - 203kOnLine.com, covering California & most other states - S0289
203k loans, the hottest renovation loan product on the market. Offering quick closings on homes that require repairs.
RECENT BLOG POSTS
We have your back when it comes to remodelingThat is just what it means to be a 203k consultant or renovation/remodel consultant. Most people don't remodel their home very often and guess who knows it? That is correct, the contractors know it and quite often they capitalize on it. Task was to add...
05/20/2015
My fixer aquisition cost is $850,000 and it needs $250,000 in workJust got this call... YES, we can help you.Chris Davis at Everbank will guide you through their process. Just click on the link for Chris' web-page. It still has to appraise for the full amount including the renovation or in this e...
05/04/2015
HOME LOANS - Renovation home loans Whether you're buying or refinancing, the mortgage expert at  EverBank will help you find a loan that meets your needs—and avoid any bumps in the road. These guys are a direct lender with processing, underwriting and funding all under one roof, they keep things ...
04/20/2015
Sreamline k loans now and hereafter referred to as "Limited 203k" loans always provided 50% of the materials cost up front to the contractor unless you were dealing with a lender like Wells Fargo that only allowed 35% or Prospect Mortgage at 40%. Most other lenders provided the full 50% per the g...
04/04/2015
The "little yellow house" in Orinda CA - a 203k renovation project Hello Friends (from James), I am pleased to announce that we will be hosting an educational, nonprofit, fundraising event in the large auditorium of the Orinda Movie Theater on March 19th, 2015. The event will begin with an introd...
03/09/2015
Award winning 203k Software for consultants and lendersWe received an interesting call the other day from a competitor who was trying to sell their software to one of my staff consultants. We learned all kinds of stuff about our software and what it couldn't do. We had to laugh because in every i...
03/09/2015
This one gets me all the time. You forgot the case number, here it is please insert it on each page of the report. I'm surprised you forgot it with as many of these as you have done.LMAO, the case number is ordered after our report is completed and turned in. It is ordered when the order the appr...
03/06/2015
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 ...
03/05/2015
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...
03/05/2015
To each his own. I see this all the time where the buyer and a complete different idea of what "looks good" on a home. Did you know you can do a streamlined k (soon to be renamed Limited 203k) and just do painting if that is all that it needs? The Limited 203k (we may as well start getting used t...
03/05/2015
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Mike Young

FHA 203k Consultant 707-812-7668
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