Pattie Bigford

Home value code of conduct!!! We all know that this new system is not only hurting our business, but the consumer's are really paying the price. Please follow the link if you have not done this to sign the petition.

http://hvccpetition.com/ Share with as many people in our business that you can. We need to change

this!!!!!!! I just lost a 650,000 sale due to a ridiculous appraisal. The property has a separate legal boat house on it with which the appraiser gave a 45,000 value to. The property is located in the Rocky Bay area. They then used comps as far away as Fox Island. Non of the comps had a separate building on it. With that, of course, it was thrown out of underwriting. It was then suggested to remove the boat house so the appraisal would work. The buyer decided to rescind his offer, there was nothing wrong with having the boat house on the property. I took the liberty to see what a local appraiser could find on this property, and they found within an acceptable area two separate comps that should have been used. FYI, the HVCC appraiser was out of Colorado! That makes no sense at all.

We all need to get together on this to have them ammend this new ruling. Please take the time to read what the petition says, and if you feel comfortable with it, please sign it. There is also a spot where you can add your own comments.

New product!!!! Program Guidelines:

1. Acreage from 5-160 acres, up to 85% LTV with no mortgage insurance, up to 75% LTV for bare land, maximum debt to income ratio 45%, Credit score needs to be 700 or higher

2. Purchase and refinances for properties that do not qualify for traditional mortgages:

Non-occupment coborrowers allowed, schedule f Income qualifies property, residence only at 30% total value, Flexibility with appraisal, cash out to buy out interest of partners/spouse

The property has to be in a rural area. Questions please ask!!!

Mother's Day is celebrated in the United States as well as Canada and many other countries around the world. However, the reason Mother's Day is even celebrated at all is because of a woman in Michigan who decided the second Sunday in May would be a great day to celebrate mothers after a bit of a situation arose. While the lady was at church her pastor's son was out drunk in a street and the pastor could not continue the service. So, the lady went up to the pulpit and asked all the other mothers to join her in support of the pastor. The lady's children were so proud of their mom that they decided to honor her on the same day every year and they suggested that others do the same for their mothers. Since the brothers were so intent on their own mother's day the Methodist Episcopal Church followed suit and declared that all moms would be honored on the second Sunday of May and then the rest of the world followed suit. That is one version of where Mother's Day was started.

Another version of the beginning of Mother's Day is that it was started by Anna Jarvis in West Virginia in 1907 when she decided to honor her own mother with a special service. Only seven years later Mother's Day became a national holiday as a result of presidential decree.

These are just a few of the possible histories of Mother's Day and what the actual one is nobody knows for sure. But, the meaning of Mother's Day is clear to all of us. That is because on Mother's Day we honor our mothers. We let them know how much they are appreciated and why they mean so much in our lives. Mother's day gifts are just one way of showing mothers why they are so special and allowing them a special day to receive gifts and enjoy a day that is just for them. If you are wondering how you can make this day extra special for your own mother this year and are trying to come up with some Mother's day gift ideas then think long and hard about your mom and what she likes. If she really loves a certain restaurant then take her there and if she really loves going to the movies then do that. Just make sure that Mother's Day is all about your mother and she will have a wonderful time!

Happy Mother's Day to all of us Moms:)))))))))

The main key points for why use Washington Financial is;

1. Turn Times

A. Under 72 hours for a full loan approval

B. Credit and income approvals without an appraisal

2. The new Appraisal regulation

A. I am allowed to use whatever appraiser I choose, that is a big deal in today's market!!

3. Repairs

A. Up to 10,000 in repairs are acceptable

B. Appraisal based on improved value

C. One bid from from a licensed contractor or handyman

D. Work completion has to be completed within 30 days.

E. Can do an escrow hold back due to weather conditions.

4. Credit Scores

A. With 12 months of perfect rent history, paid collections and a score in the high 500's are ok. Verification of rent is acceptable.

Service is the key and that is what you and your client recieves from Washington Financial. We broker to the source on these files, and that makes us different from other lenders!!!

Looking forward to working with you:))

Washington Financial is a fully staffed Mortgage Brokerage. To add to this we also have our bank-lines. With the bank-lines, conventional, FHA, and VA our files are underwritten in house. This gives us the advantage in the market place as far as our turn times. Currently we are 24-48 hours in underwriting. Once conditions are met, if any, it is 24 hours to drawing docs. Currently this is beating our competition hands down. We have full access to our underwriters which gives us the advantage to what I call...Turn and Burn...or better....Rock and Roll!!! Either way our services are out standing. If we have a problem file, the staff will pitch in to get it completed. We are a team of professionals. A few months ago, I was able to close a purchase transaction within 10 days!!!!

We are also a premier lender with a few of our correspondent lenders. With that we have products that are not open to other companies. Just one more advantage to work with Washington Financial.

If you send one loan, I am sure you will be more than pleased with the service you receive. Making happy borrowers which leads you to more referrals!!!!

Why not give us a try.