Qualified Mortgage

Transcription

Episode 12 of the Steven Tyler shows Steven Tyler Moore show in time and I is is is that the it Steven Tyler fellow Tyler this you and our special guest L Presidente we call him Brian Neuwirth Steve Friday within from Colorado Springs mortgage Tyler where we query Tulsa Tulsa mortgage water are other locations we got like what Columbia mortgage we got the Warmington mortgage we Pueblo mortgage Alamosa mortgage 10 about than an almost direct its right we get the crystal bunting Dameron window Pueblo mortgage we are Colorado Springs mortgage we get this mortgage only with, like taken of the world I’m you get qualified mortgages can get qualified does anyone like Wallace that are holiday hydrolysis if you always listen to talk and and tonight about debt ratio Tyler were decorations were actually that’s private question for Brian Knowlton stovepipes on weekly salary… The presidency of the president ratios are the of the ratios that it’s the percentage of your income that is used on a monthly basis to pay your debts and that’s would be considered credit cards bank cards car loans and what things they report to your credit not including child support that factors in Christ a debt ratio issue this is correct so as a lender we look at the front and ratio Tyler the backend ratio and then we want to know what’s included like Brian just said that’s what’s included in your debt ratio but now both income and debt right can still think that’s my debt ratio Melanesia debt ratio as compared to your monthly income sorter front and backend ratio state of art so this is the front of my iPhone and this is the back of so fun and ratio would be the front how to further people in my not knowing about if you had the front of a car that would be where you’re facing in the best note that is not present we do not I’m I’m confused so what is the front end in the backend Well of the debt ratio the front and ratio is the tulsa mortgage loans payment compared to your income in the backend is the tulsa mortgage loans payment and all your other debt compared here in So if you make $10,000 a month then you rich so congratulations because you make under 20,000 year and can be happy we want alone for you as you make a human Anniversary, and related resources can be also so if you make orphan that for 584 finally we can do that ~by the courts were so if you make 120,000 your 2000 month and your tulsa mortgage loans payment is $2500 Tyler what is your debt reach front end product in beside case I was totally on I’m not place isn’t this out by lot Tyler’s like 80 were to show it is our Kerman confused that were doing a show but Tyler’s like oh would show like I should listen to the guy on the like is a 2580 every I THINK THEY CUT OUT I FELT TO BY EVERYTHING RICH MAKE 10,000 MONTH BUT IS 2500 WITH MY DEBT RATIO 25% WHILE THAT Did THE Identification ALL AT TO A Is Tyler Knows How to Do Simple Math so) When He Listens. So Here’s the Deal Say Let’s Say That I Have a 500 or Carping of $500 Other. So Two Copayments to Cart a And I Have a $300 in Total Debt on All My Credit Cards What’s My Ratio Now Tyler 13% Only a 13 so Now That I Added Debt My Debt Ratio It down All You Added That I Thought You Were Changing up on It with the 2500 and I Only Found in Customizing and I Used Cars Today I Don’t Mr. Jones and Resolution I Remember My First Podcast so It’s Okay so Let’s Have a 2500 or More Usually Got 500 or 500 or Call $300 in Kirkland out with My Total Debt Ratio Might Combined Running in Backend 30% of China from the Button Hit Because That Was Really Good Money after We Coached You to the Answer You Got It Right You Are You That’s Just like the School System in America Today Just If You Don’t Know the Answer Looks Coaching Do It Than They Did so in the and Negative Participation of Which by the Way Is Stupid and Having English You Participated That I Think You Should Deservedly so When We Talk about What’s Included in the Front and Ratio to Clear the Backend
Ratio Is Included in the Total Debt Ratio I I Put Notable Quotable Destroyed out” More like a Just an Unknown the People Think and That’s That You Can Always Use Overturn a Call Co-Author for Houma Have We Run into That Recently Tyler Yes We Had Actually Double Times Recently Were Named Watson Says When the Actual She’s Is 30% andShe Added up before You Did She Actually Doesn’t Do This for a Living Process That She Will Participation Ribbon We Might Want to Take Away His I Watch Me Its Capacity That’s Much of the Distraction You He Does This to Me at the Office to His I Got Listener What Okay Golden so Tell His Mom Called Me Once She Wants Him to Know That She Wasn’t That Was Mother’s Day Yesterday Sure, She Made Chicken Waffles Right so I Forgot Tyler’s like We Can Highly Use When You Got It for Relays a Minute Brian When Can I Use Overturn Assess the Presidency Affairs There’s A Lot Of Variables That Typically a YC Overtime a History Overtime over the Last 24 Months of Drought Ever However If You Look at the Guidelines for Certain Programs If You Are an Industry Where Overtime Is Mandatory and It’s Needed to Keep Your Job You Can Count or If You’re on Commission Commission and Overcome Are Very Similar Correct Visit Similar Are Legit in the SIM You LER Not Specifically Similar but Similarities with Singulair so Yes so That Goes on Our Statistic Commission and Other Personal Income That Is in Stable Cannot Be Used in All Circumstances to Qualify so Recently We Had a Client Who Is Your Receiving Commission Tumor Tell You What Happened Than We Can Count Why She’s Only Been Having That Commission Encounter Marmont Setting Yes Oh She Went to from a Salary to Three Commission Really a Call Started I Had to Dismiss the the Phone Call Summons Calling in the about tulsa Mortgages loans and We Had to Shut down Kevin McMahon Said Deborah yet What about a Minutes or so Actually Shorts at Efforts Are Still She Been There for A While She Was Making You 20 Bucks an Hour to Choose between Now and She Decided to Be a Salesperson Which Is Pretty Good at Cheesemaking Good Money but Brian I Mean We Need to Prove This Alarming She’s Been Making over like Commission for Three Months or You Approve That Is a Guarantee Commission Just like When She’s Really Good at What She Does Know That She’s Sells A Lot Of Furniture Understand in Two Years She Can Buy House Okay so That’s the Lesson Folks Is It Has the the Work You Go Get a Job Making Nine Euros for the Grandeur Salary That Is Guaranteed That One Story Right She Does Connect Her Hourly Job and Then Get Qualified by House and Go Back to Steps You Should That Would Be an Option If You Want It Sounds Painful yet It Would Probably Hurt It Would Probably Hurt for Her Because She’s Artie Made That Switch Tyler Shorty Switched over to Commission so Here’s a Lesson It’s like You Can’t Always Use over Time You Can Always Use Bonus but You Can’t Always Use Commission to Qualify You Can’t so Be Careful and Talk Your Underfunding That Seems to Be like Alaska Podcast Even Timeouts like You Talk to One or Other Hairy Situations Are People Have Is the Storytelling so As a Person Telegraphing Recent Will Have Some Storytime Storytime over Again Okay Sorry Much Tighter I I Have Us Onboard I Can’t Help It Assembly of the Same We Are Serious a Clear All I Wish the People Facebook Could Hear the Okay That Is a Downloadable and I Really You Originally Having Problems with PSM Were There Is Quite so Listen Were Talking about Storytime You so Mr. Smith Said Three Jobs in the Last Two Years the Footage Outcries Immersed in Hardly Overtime to Uses Overtime This Requirement It Is Required You Can Use It We Can Mean If His Employer Says Your Overtime Is Part of Your If Your Hourly Schedule and Correct If It If Your Job Is Contingent on Your Overtime Can Count the Overtime but
the Employer Needs to Write That That’s That’s All about Presentation Eric Smith Just Joined from Oklahoma City Area Welcome Welcome Eric Smith Okay so so Tyler in That Storytime He’s at A Few Jobs Maybe He Sells Cars Right to Maybe He Says Forwards Anyone Is from 40 or 40 of 40 and but He to Base Its Overtime These Mechanic There like a Limited Are Our Shift Is 55 Hours a Week That’s the Shift in That Situation Room Include If You Just Sporadically Get over Time. Are Your Schedule We Don’t Know When You Get Then What Happens Can Count to Your History and Maybe One Year and Some Sentences Right Correct You Can Maybe Get One Year If You Got Other Yelp Peers of His I Look at It If You Got Good Credit You Got Decent Down Payment Units Money in the Bank You Got Some Compensating Factors and Oh by the Way for Your Debt Ratio Meet What We Need I Need to Check Your Time You Have Been Doing for Your What Kind of Same Principle of You Know What I Want to Buy House on Mobility, Second Jobsite Qualify for This House Keys I Think Ari, Clarifying or, Wall If I Qualify Okay Sorry Yeah Yeah Exactly Right You Can Discover like I Need $500 More Month in Income Somberly Go Get a Second Job so I Can Now Qualify Cool: That Designer Is Not Never They Could Work Eventually after You Listen to When You Talk about like How I Know My Funny Ratio Out Of Iraq and Ratio Was Included in the Ratio How I Calculate My Day I How I Get There Is Your Average Consumer to Know How to Cock Later Derivations Negative I’m Sure Most Sophisticated Consumer to Be Able to Check Later Derivations in My Get Close Management on a Job Depends on What They Do When They Might Think I’mSelf-Employed People Have the Biggest Problem with Tackling the Narration Object Hierarchy Actually As Decoration Ratio yet of Income to Calculate Unit Ratio Is As It Has No Income and Then Bet and Hang Him yet Know Actually Not Sanitary Negative Though like Negative Decoration You Can but Your I Qualify for a House with Her Sure You Might Qualify for Box That Would Be Better View so I’m Getting I’m Kind of Getting Not Really That Much Engagement from Facebook White House Hoping That We Would Get in Our Little Better in the in the View There Were More Dedicated and Alan Bromley Will Report It so Charming Ensuring Number of Artist Dave We’ve Had People with Overtime in Town More Commission Encounter Per Diem Income and Then throughout the Process Attorney Can Improve Alone Their Income Changes of Because They Think They Can Just Change the Contracts We Can Qualify, While the Federal Not Normally It If Your Company Just Goes to a Change of How They Pay You Are They Change in Ownership or Something like That Happens and I Don’t Think That’s a Problem Necessarily but When You’re Changing Your Pay for Increasing Your Pain Order to Qualify the Commit so Listen the Here’s the Downloadable a Disorder but It Was No Petition to the Here’s the Thing You Got to Talk to a Lender That’s Qualified to Tell You What Your Debt Ratio Is How Many Times Is That Happen Week by Your File Some Installment of Grover Many Times and Why Because Their Lenders Incompetent Because Adding Income Correctly in Because They Were like You Did Inexperienced Well Inexperienced or, I Don’t Know… Have a Nice Word but Just There’s Some That That Is Nice with Inexperienced but I’m Just Saying, Say Something More Negative Than That but There’s People out There That They Don’t Know That They Are Notes Called Unconscious Incompetence They Just Don’t Know What They Don’t Know so When That Happens It Unfortunately If You Have Gone to a Lender Who Has Told You We Just Got One Last Week Who Went to a Very Reputable Lender and They Told Him That There That Wishes Were to Our Normal Ejaculate and They Were so the Guest on the Second Thing You Notes, If You Go to the
Doctor Today and He Says He Got Cancer You Dine Three Days I’m Pretty Sure You’re like Good Doctor and Get a Second Opinion since It’s Something You Will Just Make Sure You’re Getting Somebody Who’s That Knows What They’re Talking about Going to Do That If You Get Somebody That Says Jump like You Are Qualified You Think You Should Should Call Someone Else That’s That’s Just My Opinion but I Just Do This for a Living Part-Time Just Getting That Your Realtor so so You Do Those I Don’t Know What That Meant but Does It Appears As without No and There’s People Facebook Commenting about Me for Dinner I’m Busy so Used Your Alexa Vega Bring a Center You Can Bring Us to Because Your Toll Forever Please so Paid That Is When We Talk about Front and Backend Told That Ratios and You Should Be Aware of What It Takes to Qualify for a tulsa Mortgage loans That’s Tulsa Mortgage loans Signing out

Total Lending Concepts is a DBA of Midwest Mortgage Associates Corp. Midwest Mortgage Assoc. Corp. funds FHA, VA, Conventional, and USDA Guaranteed (Rural Development) mortgage loans. NMLS # 1043976. Colorado License #1043976, Missouri # 13-2126-A, Kansas License # MC.0025239, Missouri License # 1043976, Oklahoma License # ML010869, New Mexico License # 1043976. Not all Mortgage Loan Originators are licensed in all the states where MWMA is licensed. Some loan types are NOT available in every state. Call or check with an authorized Mortgage Loan Originator for program availability in your state. *"NMLS" refers to "Nationwide Mortgage Licensing System".