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commitment letter: FHA mortgage : I told a client that they were approved tonight and I still cried !!!! - 01/15/08 07:19 PM

 
I have been doing this for over 15 years, lending money. I enjoy helping people sometimes achieving their dream of purchasing their first home or helping others just upgrading or refinancing. Doctors give life when delivering a new born and the parents are so thrilled, may it be their first child or possibly a second or third. May it be the doctors 3rd child delivered or their 100th, if they take pride in their job, they are always happy. Same thing for a teacher trying to get that third grader to achieve their full potential as a student. Finally … (20 comments)

commitment letter: Are you really approved for that mortgage? -- FHA - 04/24/07 03:42 PM

Consumer -  "I have been approved for that mortgage."
Me (loan officer) - "How do you know this for sure?"
Consumer - "Because I was told by the loan officer that they ran it in their system and it came back with an approval." 
Me -  "That sounds great. So did you show them all of your information, your pay stubs and bank statements?"
Consumer - "No, they had my information from before." 
Me -  "Okay, I am confused. They said that you are approved, but they didn't physically see any of your W-2's, pay stubs, or even your bank … (26 comments)

commitment letter: The difference between a Pre-Approval and a Pre-Qualification letter. - 04/10/07 07:49 PM
Do you know the difference, as a consumer or even as a realtor? It can be deceiving when shopping for a home, because you might think that you are fully approved, but you aren't. Why doe this matter? There are several reasons why. 
Pre-Qualification Letter 
Just a standard letter by the lender stating that they have either verified your information over the phone or from your originals. The loan officer will review the information, anything from credit, to income, and with regards to assets. They then will place you in a certain program and go over the details with you. Usually … (35 comments)

 
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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Cherry Hill, NJ

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Social Media - Infinity Home Mortgage Company, Inc

Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033

Cell Phone: (609) 440-5133

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I just want to educate people about mortgages and the process. In regards to lending, I am very creative, intuitive, honest, and one who communicates information, may it be good or bad. I am a loan officer that looks out for your best interest.







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