Have you set yourself a goal of buying a home in the Chicagoland area?
If serious about buying, I'm betting you've tried to grow your savings, improve your credit standing, and raise your credit scores ... and chosen to work with a Mortgage Originator (because that's the fastest most efficient way) to help you do so. You've been successful and you're now in a much more advantageous position to buy. But what comes next?
Because of your decision to work pro-actively with an Originator prior to entering the home buying/financing process, you're ahead of many mortgage applicants. … (6 comments)
Question is: What's "Acceptable" and "Unacceptable" to an Underwriter? Part 1 ...
Last week, I wrote a post entitled, "Hansel and Gretel were the original participants of "Survivor". In that post I related that pre-planning and preparation were key to Hansel and his sister getting back home safely and alive ... and drew the parallel to modern-day mortgage processing.
My point was ... pre-planning and preparation prior to entry and application for mortgage financing would more safely and quickly deliver you through your mortgage process into becoming successful home buyers. Keeping … (30 comments)
documentation needed for loan application: Asset-Based Lending. Do You, or Your Clients, Have a Lending Need that Has Become Something Like Trying to Fit a Round Peg Into a Square Hole? Contact Me ...
- 03/29/11 06:54 AM
Do you, or a client, have a Chicagoland lending need that is a little out of the ordinary? Something you consider "niche"? Has finding a mortgage lender and a mortgage program in Chicagoland to address those financing needs become something like "trying to fit a round peg into a square hole"? Are you, or your client: A contractor involved in commercial rehabbing? An investor that holds multiple properties? Someone involved in a Charitable Organization? A member of a church in need of more space? A hospital board member looking to future expansion and needs? A Governmental … (2 comments)
documentation needed for loan application: Ahoy There! Fears Are Cast Overboard! I Am Your Trusted Captain!
- 12/27/10 02:45 PM
Today I was reading a blog posted here on ActiveRain. The blog topic and resulting discussion that caught my eye was regarding the fear that many buyers are currently feeling when addressing closing costs and the mortgage application document "Good Faith Estimate" for their home purchase. Seems buyers have heard the recent mortgage industry weather reports and they're skittish. They see there are potential storms ahead in the lending seas. They have little faith in the weather changing. The construction of the ships they're utilizing seems somewhat faulty to them. They have heard that ship captains might choose a path for their sailing that takes them smack into the … (13 comments)
HUD's recent release regarding a new guidelines revising the HUD-1 Settlement Statement for HECM closings, is of particular interest to me right now. I've presently got a buyer/borrower that just doesn't ... A. See the Need to Comply B. Understand C. Refuses to Understand D. "Doesn't Wanna" Comply E. Is just plain … (7 comments)
Thinking about Buying a Home or Refinancing soon? Read on and be better prepared when applying for your new Mortgage ...
The news and blogs are currently filled with stories regarding the huge and sometimes overwhelming demand for documentation during the mortgage lending process. Much is presently being made of the number and kind of requests being made for proof of finances, payments, credit, and more by lenders and their underwriters during the processing of loans. I personally don't … (36 comments)
;)
;)
;)
