First Florida Financial Group LLC, Fort Myers, Fla., has launched a program under CashToolBox.com aimed at helping builders and Realtors sell more properties by enabling borrowers to get a mortgage approval through the use of equity in their owned properties, or a relative's. Eddie Hoskins, president and chief executive officer of First Florida, said CashToolBox.com lends 125% LTV Pre-Closing Cash against a property's equity by using Mortgage Approval Tools such as the Credit Score Optimizer, Down Payment Assistance Gifter, Cash Reserves Booster, and Debt-to-Income Reducer. "When they generate needed cash and apply their 'tools' to un-approvable mortgage loan applications, in many cases they're able to get a loan approval and closing that had seemed impossible," Mr. Hoskins said. The company can be found online at http://www.cashtoolbox.com.
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President Donald Trump said he wouldn't sign the housing bill, which includes several riders aimed at helping community banks, until Congress passes the SAVE Act.
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The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
June 23









