Mike Rankin's Blog

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Mortgage and Lending - ClearPath Mortgage Solutions, Inc. NMLS #1394615 - NMLS # 423279
RECENT BLOG POSTS
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12/01/2014
11/24/2014
11/13/2014
11/04/2014
How Should I Be Paying My Rent?   One area that can be a big help to your clients getting approved is paying their rent in a way that is document-able.   For example: if your client has a Credit Score under 580 and is applying for an FHA loan having 12 months, documenting their rent being paid on...
09/30/2014
Seller’s Concessions How do they work and how do I calculate them?   I think seller concessions or seller contributions is an awful term, as it is so misleading.  We all know there is nothing free in life!  At least not free in a home sale/buy transaction.  Seller concessions are essentially buye...
09/27/2014
When you think the deal is too small to work on... I recently referred Stu a borrower who was looking for a $50,000 home.  For our area that is very small transaction and doesn’t result in much compensation.  But, a deal is a deal and one client leads to another. Stu took awesome care of my clien...
09/26/2014
Who is your ideal client? Here is mine...   I met Jennifer at my office one Saturday morning to help her get pre-approved.   One look at her finances and I knew this was not going to be a cookie cutter transaction.  For starters she was on the deed to her current residence, but the NOTE was in he...
09/24/2014
09/22/2014
Losing clients is never fun…we have all been there! This week I had four different experiences of losing a client to a competitor.   One specific example:  I helped Sarah back in November of 2013 get pre-approved for a construction loan.  I began her and husband’s mortgage application for a 5% do...
09/20/2014
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Mike Rankin

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