Archive for July, 2011

Documenting Source of Funds to Close


Unacceptable source of funds to close like cash advances and unsecured loans will cause delays in the closing of a loan. Documenting non payroll deposits is a critical aspect of the loan approval process. Watch the video to learn why.

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Retaining a Current Residence Creates Qualifying Heart Burn

If your clients plan on retaining their current home speak to a loan officer first. Changes in the guidelines create several hurdles to jump over to get a mortgage.

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