With the current real estate market, homes are available for incredible deals, and the stock market is jumping wildly. It's time to promote buying real estate in an IRA. Go to http://www.themortgagetrainingcenter.com/real-estate-investments.asp and get all the details on educating yourself, as well as the full strategy for leveraging this into new business.

The marketing plan is there, and so is the letter to send to your database.

Bill- thanks for your input on this- it's true- the market is awesome. I am having a hard time getting over the fact that a deal is not a deal anymore. I could have 20 deals with 700 credit score, W-2 borrowers and I would get 20 DIFFERENT approvals with different conditions and different hoops. Man, each lender has their quirks and jerks and it's amazing to me. Sometimes I go home and just shake my head.

I understand that everyone has to cover their bases (and behinds)- but come on- a good loan is still a good loan. And while everyone wants a Fannie/ Freddie approval, no one follows the conditions, so I don't see where it really matters.

Wow- is that enough complaining for you? Just having a time getting motivated. Sigh- hope you are having a better day!

Lisa, I agree with you. There is just no common sense in underwriting any longer! I have a deal I'm working on now with a 797 credit score, 53% LTV, over $1M in bank. The DTI is 53% because the guy wants to close on the new home two weeks prior to closing on the sale of his current home so I am qualifying him using both mortgage payments. In addition to his regular income he receives IRA distribution income annualy in one lump sum. U/W won't even use that income because he doesn't recive it monthly! They are also giving me a hard time on the DTI. Yet, we close on FHA loans all the time with a 620 credit score and barely scrape enough money together for a 3.5% down payment. Makes no sense.

I'm with you, it's become very difficult just to make it through the day with the crazy underwriting and not to mention all the GFE changes and studying for the NMLS test so I can become licensed. How much more can we take!