Stretching Your Limits!

Do you find it hard to get out of your comfort zone and stretch your limits? In case you don't know...I am not a big fan of heights. I have experienced different activities in the past that pushed my limits of heights (Hiking, Parasailing, Hot Air Balloon Ride)...but one recent activity last weekend topped them all. It was a great experience that tested my fear, endurance, and definitely pushed my limits.

On Vancouver Island, about one hour north of Victoria they have what is called Wild Play Parks. Their obstacle course is called “TreeGo”. It is an Aerial Adventure Tree to Tree Course which is an elevated obstacle course set in a beautiful Douglas Fir forest and securely suspended between the trees at 10 to 50 feet off the ground! Some of the elements of the park include zip lines, suspended bridges, scramble nets and swinging logs.

This activity is a definite “must do” and was a great experience because it pushed my limits and got me out of my comfort zone.

Opportunity for Low Credit Score Borrowers with FHA

You know, lately the word on the street is that if you have slightly bad credit you will be unable to qualify for financing. Whether you’re doing a purchase of a new home or refinancing your existing loan, if your picture is less than perfect you’re out of luck. Well, now you have a solution!

Up until about 6 – 8 months ago I may have agreed with you, to some extent that the market was gone or is going away for “sub prime” borrowers. But now in today’s new lending environment the government, of all organizations, has stepped in to offer a solution.

FHA, also know as the Federal Housing Administration, is now the official reigning champion over the sub prime lending industry. They offer lending solutions for borrowers with less than perfect credit. However, the highlight of using FHA for financing is the range of service that they offer.

For example, if your not quite sub prime but you’ve had a few blemishes in the past, FHA just might be the solution. With an FHA loan you can have access to the same competitive pricing that “Prime” conforming borrowers have but without being concerned about fitting in a qualification box.

The truth is that I have more and more clients that come to me looking at their options for a rent to own that end up getting pre-approved for FHA financing. Now they are able to purchase a home of their own when they never thought they could even qualify in the first place.

FHA loans are a true manual underwriting process, which means that if the loan makes sense to the underwriter, they will approve you. There actually are very limited guidelines and each loan is on a case by case basis. You need to work with a good Loan Officer that is familiar with FHA and the process of getting you approved.

It would be very difficult for me to write out each thing to look for with an FHA loan, so if you have questions about utilizing this loan for you, feel free to give me a call and we can discuss your options.


Dedicated to your financial success!

Kenton Becker
kentonb@empireoptions.com
Managing Partner / Land Home Financial Specialist
License # 510-LO-36929
http://www.empireoptions.com/