loans: 30 Day closings: What, are you kidding me?
- 09/04/09 06:30 AM
"You can't get a close done in 30 days" I've been told. This statement has been made to me time and again from some of my friends at some of the larger bank owned mortgage companies. I want to share some quick tips that can help move things along smoothly and eliminate heartburn at the closing for your clients, real estate partners and you. I know that getting a loan done in 30 days or less can sometimes be a daunting task. There are many factors to consider as to why the lending process can get bogged down. I'm a mortgage … (14 comments)
loans: Just Pay the Points, Don't Play Games with your Lender, Negotiate the Points in!
- 08/19/09 01:54 PM
I was reading a post a colleague of mine wrote and it reminded me of something that happens all to often in lending. That darn Investment Property/ Primary Residence/ Second Home game. You know the one I'm talking about, the client is going to buy a home that is to close to their primary residence to be a legitimate owner occupied property or they are going to move into it after they fix it up but in reality they are not going to do that they just want to avoid paying higher rates or fees or they are stepping down in square footage … (3 comments)
"You can't get a close done in 30 days" I've been told. This statement has been made to me time and again from some of my friends at some of the larger bank owned mortgage companies. I want to share some quick tips that can help move things along smoothly and eliminate heartburn at the closing for your clients, real estate partners and you.
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