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Welcome to my personal webpage  | How to Contact Me Direct: 404-406-9161 Fax: 770-200-1970 barry@goodfriendmortgage.com | Sr. Mortgage Consultant - NMLS # 210283 | | | JUST A LITTLE ABOUT MY BACKGROUND | Since coming out of college with a degree in Finance, I have spent 38 years in the business world, working for major banks and owning two businesses of my own. I have had the privilege of helping thousands of customers over the years borrow money to purchase their homes, refinance to payoff debts, borrow to send their kids to college or borrow to start up a business they had dreamed about for years. I have also been a trained investment advisor, having passed the NASD licensing requirements for my 6, 63, & 24 NASD licenses and the license to sell health and annuity insurance products. I am spoiled on learning and feel one should never stop learning to be at their best and therefore I am currently working on my Masters in Leadership. I would love to use my years of experience and wisdom to help you with your mortgage needs. I guarantee you I will be honest and forthright with you and give you all of the information you need to make the decision that is right for your situation. Call or email me today so I can assist you in making one of your dreams come true.
| MY CREDIT SCORE IS UNDER 620, CAN I EVER AFFORD A HOME? Of course you can, but it will take effort on your part to get out of the credit mess you are in at present. In today’s market, more than ever, the individual must take control and make things happen. For those who don’t, home ownership may not be a reality in the near future. As bad as credit can get for some people, there is nothing that will not reverse itself given a little effort and time. If you really want to own a home then you must take control of your situation starting today and begin moving forward. When you will be able to own a home can only be determined by the depth of the situation you are in, the effort you make to control your finances and the length of time you stay in control and don’t have any further negative hits on your credit. A brief listing of the most important steps you need to take to get back on your feet credit wise are listed below: - Take ownership of the situation you are in, it is yours and only you can correct it
- Find out exactly what your credit looks like, purchase a tri-merged credit report with scores
- Consult someone who has knowledge as to what to do ( I can assist you with this through Good Friend Mortgages’ credit assist program)
- Do not pay someone thousands of dollars to do something you can do yourself
- Do begin paying off all debts (once you have a plan)
- Do not get into new debt
- Do begin to save for an emergency fund
- Do begin saving for future needs
- Make these changes life long, pledge to never go where you have gone before
How long it will take you to correct your situation is unique to you and your situation. I can only say that for every day you wait, you are that much further from successfully rebuilding your credit so that you can have a shot at owning a home. Let me help you with this, call or email me today for a no cost consultation to discover what your options are. Let Good Friend Mortgage help you reach the dream of owning your own home.
| I can help you with just about any Mortgage related product, but, these are the products I specialize in: | FHA - Purchase or Refinance Plus |  | Apply for a Loan Full Application Short Application Free Consultation | WHY ARE FHA LOANS SO POPULAR? It wasn’t too long ago that FHA loans were not popular, in fact, many people thought that if you got an FHA loan you were really in the mortgage back seat as the normal person didn’t go for an FHA loan. To a degree this was true. There were so many other mortgage programs available there was no need to consider an FHA loan which required you to pay an up front funding fee and adhere to ratios for debt to income of 43%. When you had lenders going to 60% DTI and 100% LTV (loan to value) who needed or wanted FHA loans? Well, right now many people do, and here’s why. The lenders who had the special programs allowing 60% debt to incomes and high LTV’s are no longer around. Or if they are they definitely are not allowing the higher DTI’s, and most conventional programs have scaled back on their LTV’s. And don’t forget about the credit score: there were lenders making loans down to a 500 score, but not any longer. So what does FHA have that the remaining lenders do not? Here’s a short list: - 96.5% loan to value on purchases
- 97.5% loan to value on non-cash out refinances
- Extremely competitive rates
- Allow gift money for down payments
- Allow credit score down to 620 (most conventional lenders only allow to 680)
- Will make loans in most geographical areas of the country
Yes, FHA loans are a little more expensive because they carry the upfront funding fee (that can be financed) and require monthly mortgage insurance. Of course, costs are only relative. If you need 97.5% financing to take advantage of a better rate that will allow you to save hundreds of dollars every month, then the added costs are worth it, especially since there are no alternatives in the market at this time. If you need to get rid of an ARM loan and get in to a fixed rate loan but you owe almost what your house is worth, then a refinanced loan at 97.5% loan to value through FHA may be the best solution. Please call or email me today to discuss your needs and let an FHA expert guide you through the process. | Rural Housing Click for Rural Housing Eligibility Map | 
| Apply for a Loan Full Application Short Application Free Consultation | Many people are unaware that the Federal Government supports a housing program specifically focused at increasing home ownership in the rural areas of our country. Rightly so, the government is the one who designates what is rural and what is not, but in many cases, you are close to a designated area and can take advantage of this program. Why should rural housing be of interest to you? It is simple, it is the only housing program left where you can receive 100% financing of the purchase price of the home! Better yet, if you purchase a home that appraises higher than your purchase price, this program allows you to finance up to the appraisal including closing costs. It’s a sweet deal, and one that you should take the time to explore. Here are some of the highlights: - 100% FINANCING
- NO MONTHLY MORTGAGE INSURANCE
- NOT JUST FOR FIRST TIME HOMEBUYERS
- MUST BE IN A GOVERNMENT DESIGNATED RURAL AREA (I have a map)
- INCOME LIMITATIONS
- UP TO 4 PERSON FAMILY $80,000 LIMIT
- 5 PERSON FAMILY AND UP $105,000 LIMIT
- ALLOW UP TO 6% SELLER CONCESSIONS
- COMPETITIVE MARKET RATES
- NEW OR PRE-OWNED HOME FINANCING
If you have an interest in finding out more about this program or where you can find out the location of a rural area near you please email or phone me. I will be more than happy to discuss this program and others that may suit your specific situation. |
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