Please don't cry Ms. Buyer, not words that anyone want to say to a client. But on occasion we have to deliver some bad new. Today was one of those days.
As the conversation started everything was okay, we started reviewing her credit report, and then the calculation for income because she is self-employed, but when she finally realized that she did not qualify for the home of her dreams the crying started. At that point, anything I said went in one ear and out the other.
This is a perfect example of why it so important to be pre-qualified by a licensed mortgage loan officer BEFORE they look for a home. The agent assumed that the buyer was qualified and in fact, she hadn't talked with anyone.
Now, she has a plan, she knows what she can afford based on her income and she can resume her search for a home.
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