mortgage qualifying: Fannie Mae Waiting Periods For Foreclosures And Short Sales - 03/12/15 09:59 AM
Many folks have had unfortunate circumstances hit them and the downturn in the market a few years ago didn't help. Now things may be looking up and though they have been through a foreclosure or a short sale, there is still a good chance that they can get mortgage financing.
There are waiting periods and also the lender wants to see that good credit has been reestablished. For all the criteria to get approval on a new Fannie Mae loan, please read George Souto's post. You may even want to bookmark it for your clients or Pin it to your Pinterest … (8 comments)

mortgage qualifying: Preapproval and Prequalification are Different. - 03/11/13 11:08 AM
Preapproval and prequalification are different. Katrina Rockel explains the differences between the two. Katrina is a rather new blogger but has done an outstanding job telling us that the preapproval is much stronger because the lender is saying the buyer has received loan approval. Prequalification is a preliminary look at the buyers credit history and income therefore the statements need to be verified. Give me a preapproval over a prequalification anytime.
Please post any comments to Katrina's blog and welcome her to active blogging.
 
What’s the difference between Pre-Approval and Pre-Qualification? I get asked that all the time by buyers who … (2 comments)

 
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Debbie Reynolds

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