All Forum Posts by: Marshall Martinez

Most borrowers wrap them in the loan from my experience. 

One simple way to look at it is to do a break even calculation.

Pay $5,000 today to save $30 per month. It would take you aprox. 166 months (13.8 years) to make that $5,000 back. 

I'm sure you could put that cash to better use. 

Welcome to BP @Abe Yuen, from a fellow Aztec alum! 

@Sean Boivin I was working for a company that did Matterport 3D scans. IMO it is the future of showcasing properties. You can get a much better sense for the properties dimensions compared to 360 photos or photos in general. Great for buyers that can't view the property in person. As mentioned by @Mark Costa, the scan also produces a floor plan at the same time. 

Consumers are all about convenience, and nothing says convenience like viewing 20 properties within an hour. 

@Nicholas Baughman Another thing to consider would be the 3.3% VA funding fee they charge for subsequent use. Unless you are exempt.

I agree @Alex Capozzolo, Matterport is a game changer! Our company has a camera to beef up our marketing strategies, works great! 

 My office uses a new tech company based in San Diego, Approved. It's much more secure for sending sensitive personal documents than email. The founders are awesome as well! Still in start up phase but they are growing pretty quick. 

It's basically an online document portal that you can share with your borrowers, from there you can send them an invite link with a personalized checklist of documents that they need to upload. They can even link their online bank account info to generate bank statements. It has really streamlined the document collection process for me and works better than dropbox since it is tailor specifically for mortgage professionals. All of my clients have loved it, and it gets them to turn in their docs quicker. No more old school faxes or lost emails!

Hope it helps. 

Marshall 

add me [email protected] 

Thanks!

@Corey Collins If you have enough equity in your 1st home you could refinance into a conventional loan to free up your VA entitlement for the 2nd home.

@Alex Velez I'd take into consideration the VA funding fee for your mortgage payment. If you plan on financing the VA FF, which most people do, your loan amount will be greater than $275k. In turn, increasing your monthly mortgage payment.

@Donnell Jackson Welcome!