Blog - JVM Lending

“QM Rules” Hit Today! Yawn…Business As Usual

January 10, 2014/in Our Blog

This is the last time we will discuss this, as we have beat this dead horse pretty severely. QM news is, however, at the forefront today and cannot be ignored: QM rules officially become effective today. QM stands for Qualified Mortgage, and the rules are an offshoot of the Dodd Frank bill. As we stated […]Read More

Importance of Post-Closing Surveys! We Recommend Them

January 9, 2014/in Our Blog

JVM Lending uses “Survey Monkey” to send out surveys to every one of our clients after a transaction closes. We actually invite criticisms and frank comments so we can use the surveys to improve our business. We think such surveys are essential for all service businesses. Please feel free to steal our ideas. Below is […]Read More

Bridge Loans – What, When and Why?

January 8, 2014/in Our Blog

Our Opes Advisors branch offers “Bridge Loans.” Bridge loans are temporary financing against a property that a borrower will likely sell. In other words, if a buyer wants to buy a new home before selling his departing residence or existing home, he can get temporary financing against his departing residence to help finance his new […]Read More

How Do “QM” Rules Affect Lending? They Don’t at JVM Lending

January 6, 2014/in Our Blog

We have discussed new “QM” (Qualified Mortgage) rules several times, and how the new rules are supposedly tightening lending guidelines. QM prohibits loans with negative amortization, interest-only payments, balloon payments, and terms greater than 30 years. QM also prohibits loans in which the points and fees are greater than 3% of the loan amount. None […]Read More

“Who Gets Rich Selling Real Estate?” Wall Street Journal Article

January 3, 2014/in Our Blog

The Wall Street Journal had an interesting article today entitled “Who Gets Rich Selling Real Estate?” The full article is here: http://online.wsj.com/news/articles/SB10001424052702304591604579290394119863288 It discussed all the young people flooding prep courses and licensing exams b/c the luxury home market is coming back. Here are some key points from the article: I. It takes a surprising […]Read More

Alternative to FEMA Flood Insurance; Cheaper and Better

January 2, 2014/in Our Blog

Several of our borrowers in flood zones have been able to obtain much cheaper flood insurance through Gary Blome at efloodquote.com as opposed to going through FEMA. We have blogged about this before but feel it is necessary again b/c Mr. Blome has been so helpful. Many people do not realize how expensive FEMA’s flood […]Read More

JVM’s Blog

“QM Rules” Hit Today! Yawn…Business As Usual

Importance of Post-Closing Surveys! We Recommend Them

Bridge Loans – What, When and Why?

How Do “QM” Rules Affect Lending? They Don’t at JVM Lending

“Who Gets Rich Selling Real Estate?” Wall Street Journal Article

Alternative to FEMA Flood Insurance; Cheaper and Better

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