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Wednesday, September 26, 2012

Jobs and qualifying for mortgages

With all the changes that have taken place in the markets today many are making changes and some are staying put. When applying for a mortgage loan the lenders are looking for job stability and will at the last moment at the closing have the Closing Agent or Attorney’s office call your current employer to make sure you still work there. Just a thought and a need to know. Say you just made a job change and you do not have a probationary period to work say 90 or 120 days, and the new job is similar in scope you’re ok, however you must have 30 days of pay stubs to get the loan approved. Just a thought on the timing for your closing. Food for thought when making job change timing is everything.

Monday, September 24, 2012

Buying a Home needs repairs ?

There are programs out there to do this, however need to be patient and not in a rush. Fannie Mae has Home Path and a great Realtor that offers these, that we have done several with is Sandra Fisher PLANTANA REALTY, INC. (904) 284-9600 OFFICE (904) 591-1391 DIRECT (904) 284-0805 FAX The last one we were able to complete She had the investor pay a great bit of the closaing costs. Thanks Sandy.

Thursday, September 13, 2012

Are we there yet?

Here is an interesting read under our the perfect loan file by Forbes a while back. The rules are changing and we get calls where the client will say at least we can call you and someone answers the phone.