July 2011
Our experiences have identified a few key employment issues for past buyers that were already pre-approved. Buyer was transferred here to Michigan with same employer Need 30 days of pay stubs at new location Results in DELAYED CLOSING Buyer changed employers after initial pre-approval was done Income now commission based Results in DELAYED CLOSING Buyer [...]
Continue reading
Investment properties (buying a home with the intent to lease to a tenant) are at all time highs, taking up 20% of all purchase transactions in the last 12 months. Big reason for this is that in today’s environment, the home will cash flow immediately. Most investors are purchasing properties for $100,000 or less and [...]
Continue reading
One of the most frustrating parts of the mortgage process can be the appraisal. We get daily calls from realtors venting about a low value, with questions about a neighborhood with limited comparable values, or just simply asking appraisal 101 questions. While the new HARP guidelines are helping get appraisal waivers for refinances, there is [...]
Continue reading
Buying or selling a home in today’s market is a difficult process all by itself. Choosing a realtor with the ability to negotiate and understanding how important timing can be has never been more important than now. Here are some great reasons why you should use a professional realtor when buying or selling a home. [...]
Continue reading
Understand these 3 main components of the mortgage process and securing a home loan can be simple! Borrower Awareness Credit Score Underwriting First and foremost is the enhanced borrower awareness that’s required to get a home loan closed. The information that is needed falls just short of being asked for a DNA sample and then [...]
Continue reading
