It is important to know what these terms mean and how to tell if your loan officer is doing what they need too so your loan closes smoothly.
A Pre-Qualification means you state you make an amount of income and you state you work at employers for a certain amount of time making a certain amount [...]
Entries from February 2007
What is Pre-Approval, Pre-Qualification, and Loan Commitment
February 7th, 2007 · No Comments
Tags: Mortgage Related
Purchasing a home.
February 7th, 2007 · No Comments
So many people think they cannot purchase a home. I wanted to make a post about some situations where people obtained a loan for a home.
A young fellow who has worked for about a year and makes under 12k per year while attending college approached me to purchase his first home. He had around 12 months [...]
Tags: Mortgage Related