financed buyers: Why do you keep asking me for all that paperwork Mr. Loan Officer?
- 08/10/12 07:02 AM
Back in the good old days of the real estate boom, all you had to do was have a pulse and you'd get approved for a loan. Fast forward to the mortgage crisis, and many layers of fact-checking have been added to the mortgage process (as they should have been from the beginning) by regulators, Fannie Mae, Freddie Mac, and FHA (the national authorities who finance the majority of mortgage loans). Lenders go through a 5 step process from the time they meet the borrower to the time the transaction is closed, and they need a whole lot of paperwork along … (19 comments)
As a South Florida Listing Broker, I often hear from Buyers who are sad and frustrated that they can’t get into a property or can’t close. Most of the time the issues giving Buyers difficulty getting into a home are avoidable.
Survivor Guide For Real Estate Buyers Part 1 addressed the real estate aspect of buying a home with a tip for cash Buyers, and now part 2 gives important tips to financed Buyers. Being that the vast majority of Buyers are financed, … (11 comments)
financed buyers: SURVIVOR GUIDE FOR REAL ESTATE BUYERS ~ PART 1
- 05/05/12 03:14 AM
As a South Florida Listing Broker, I often hear from Buyers who are sad and disappointed that they can’t get into a property or can’t close, and most of the time, issues giving Buyers difficulty are avoidable. Below is Part One of my Two Part Series on tips for Buyers to getting under contract and to the closing table.
Buyer Tip # 1: Vet Who You Hire.
1) Hire a good real REALTOR. Do your research before you decide on an Agent to help you find a home. Any licensee can show you a home, but that’s just the … (16 comments)
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Back in the good old days of the real estate boom, all you had to do was have a pulse and you'd get approved for a loan. Fast forward to the mortgage crisis, and many layers of fact-checking have been added to the mortgage process (as they should have been from the beginning) by regulators, Fannie Mae, Freddie Mac, and FHA (the national authorities who finance the majority of mortgage loans).
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