There are a lot of people (yes, and computer programs) behind the scenes who are involved in getting your mortgage approved. A Loan Committee is not one of them. Let’s look behind the curtain to unmask all these ghost people. The following infographic pertains to Mortgage … [Read more...] about No More Loan Committee
Mortgage Mistake #5 – PreQualification vs PreApproval
PreQualification vs Preapproval, what's the difference? Over the past 30 years, almost every client who has come to me for a purchase loan has asked me what the difference is between a PreQualification and a PreApproval. The distinction is an important one. It can mean the … [Read more...] about Mortgage Mistake #5 – PreQualification vs PreApproval
Mortgage Mistake #4-Changing Jobs or Your Business Structure
Mortgage Mistake #4 - Changing jobs or, if you are self-employed, your business structure. Scenario 1: You are an employee with a salary If you are an employee who receives a regular paycheck for the same amount each pay period, here's what happens when you change jobs. The … [Read more...] about Mortgage Mistake #4-Changing Jobs or Your Business Structure
