You Must Have a 620 Credit Score to Get a Loan…FALSE!
You must have a 620 credit score to get a loan. FALSE! This week I had a client come in who was referred by their Realtor for a refinance. They had been turned down by 2 other banks. The reason one bank gave was that the husband’s credit score was below 620, and the...
You Need to be on the Job for 2 Years Before Being Eligible for a Mortgage…FALSE
You need to be on the job for 2 years before being eligible for a mortgage. NOT TRUE. I just had a client come in who has been on her job for 5 months. She is a paralegal, and in the past had been in the hotel business. One lender turned her down, even though she had...
Mortgage Interest Rates for 9.26.14
It’s going to be a beautiful weekend here in the South Bay, perfect for buying a home. Remember, we can lock-in over the weekend. Call me directly at 310-218-6855. Your Weekend Rate Sheet: Your buyer’s interest rates can be locked in over the weekend, so if you...
Are All Pre-Approvals Written in Stone?
Are all pre-approvals are written in stone? Not necessarily. Read the story below and find out why you should run your online pre-approval through QC (Quality Control). I just had a listing agent ask me to verify or cross qualify a client who had approval from...