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A Smooth Path Towards Closing
Recently I have been working on a young couple's application for mortgage that has been less than simple and filled with roadblocks.  Lower credit numbers than previously portrayed during initial conversations were the first hurdle that cropped up and caused some anxiety.  Then came the choice of property.  The home had some "issues" and they only made the appraisal and subsequently the lending more of a challenge.  That the purchase was being arranged for and sold through a government-owned agency added to the dilemma.  It was also becoming quite clear that the realtor representing the couple was inexperienced in this type of transaction.  All sorts of landmines were being discovered.
Now let me be clear, in today's financing world it is not easy to say what the hard and fast rules regarding some lending programs are.  Sometimes they change quickly or they are not always clearly defined.  Underwriters within the same company can sometimes vary on their needs and requests.  Constant vigil is demanded (and many phone calls) to stay on top of the new and changing regulations and programs and even veterans of the mortgage industry are breathless trying to keep up.  So, it's easy to see why it could be confusing and very hard to stay current. 
Caution should ... more

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