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Posts tagged KIRK CHIVAS

Underwriting red flags – Required repairs

May17
2011
1 Comment Written by admin

We have beat the drum fairly hard about the collateral piece “appraisal” being the most important component of the transaction.  The next hot topic mortgage underwriters are focuses on are the required repairs from the appraisal.

After 2 sessions with the therapist, we are now confident we have the necessary coping skills to deal with it on our end. Part of our therapy was to revisit our recent experiences to see if we were being just being big CRY BABIES.  Watch the video above to see some real life examples of our current challenges.

Posted in Home Purchase Videos, Home Refinance Videos - Tagged HOME LOANS, HOME REPAIRS, KEN TURKINGTON, MICHIGAN, MORTGAGE, MORTGAGE BROKER, PURCHASE, REALTORS, RED FLAGS, UNDERWRITERS

Rural development success story

May05
2011
Leave a Comment Written by admin

The Rural Development loan program oozes the assocation to farmland or farmers. The facts are many local areas qualify for this mortgage program and it remains the only program that allows a ZERO down payment. Additional benefits include unlimited seller concessions along with the ability to finance repairs and/or new appliances.

Posted in Home Purchase Videos - Tagged APPRAISAL, HARP, HOME LOANS, HOME REPAIRS, KEN TURKINGTON, MICHIGAN, MORTGAGE BROKER, PURCHASE, RD LOAN, RURAL DEVELOPMENT, UNDERWRITERS

9 Ways to become UN-APPROVED

May02
2011
Leave a Comment Written by admin

These suggestions may seem obvious to most consumers but our real world experiences dictate otherwise.

    Don’t buy a new car or trade-up to a bigger lease
    Don’t quit your job to change industries or start a new company
    Don’t switch from a salaried job to a heavily-commissioned job
    Don’t transfer large sums of money between bank accounts
    Don’t forget to pay your bills — even the ones in dispute
    Don’t open new credit cards — even if you’re getting 20% off
    Don’t accept a cash gift without filing the proper “gift” paperwork
    Don’t make random, undocumented deposits into your bank account
    Don’t count on using your income to qualify if you’re on maternity leave
Posted in Mortgage News - Tagged APPROVAL, HOME LOANS, KEN TURKINGTON, MICHIGAN, MORTGAGE, MORTGAGE BROKER, PURCHASE, REALTORS, UN-APPROVED, UNDERWRITERS

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