A couple of years ago we at McCue Mortgage started offering what we call a Mortgage Inspection. In the Real Estate Industry, we don't think twice about recommending to a Buyer that they should have a Home Inspection done. So why not also suggest a Mortgage Inspection to make sure that they are truly qualified for the amount that they have been told.
The Buyer does not have to the loan with the Loan Officer who does the Mortgage Inspection, but just like with the Home Inspection it can provide peace of mine for everyone during the home search process, especially if the Pre-Approval letter that they have is from a Lender that the Realtor does not know. Time is too valuable to waste, so why take a chance on a Pre-Approval Letter that you have doubts about.
It only takes a few minutes for a Mortgage Professionals to do a Mortgage Inspection, and it could save you and your homebuyers a lot of problems in the future.
Even though we have promoted this at McCue Mortgage it has not been used as much as we thought it would. Loan Guidelines are changing all the time, and transactions harder to hold together. A Mortgage Inspection would take a lot of the guess work out of the whole processes, and eliminate some of the stress for everyone.
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Info about the author:
George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
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