A good number of home loan applications were denied for houses
in 2019, according to the latest available data supplied by lenders to the
federal government under the Home Mortgage Disclosure Act.
Don’t
be another number. Buy or refinance or enjoy your dream home.
Reasons for the denials:
- High debt-to-income ratio
- Poor credit history, low middle FICO or no credit
- Lack of collateral
- Incomplete applications, insufficient cash, unverifiable information,
- spotty employment history, and all types of things
- that I call let’s share confession together and fix those
narratives
- Negative income or no income on IRS returns
- Cosigning for family members on large accounts
- Clouded title or DIY title transfers
- Job changes outside of prior career that don’t make sense
- Buying owner occupied down in value in
- same
neighborhood without explanation
Many rejected applicants narrowly missed qualifying for a home loan,
while others received less-than-desirable mortgage offers.
Fortunately, both groups may be eligible for better mortgage options.
All it takes is a little help and a mortgage banker who cares.
Having a mortgage banker with twenty nine years of experience
and three billion dollars in closed loans makes all the difference.
We are available to answer your questions seven days a week for free.
I’m willing to vet your scenario or price check your offer.
We can close a real estate transaction in twelve days if you are cooperative.
Low rates, thousands of types of mortgages, no up front cost to
shop…
Borrowers with low credit scores may not realize how much their financial decisions,
credit score and interest rate factor into mortgage qualification.
Fixing your credit increases the chances of obtaining a desirable mortgage loan.
Even if we can’t make it perfect now we have programs with scores as low as 560
Creditxpert® Wayfinder™ evaluates hundreds of options,
looking at the positive and negative factors influencing the borrower’s credit score to offer the best possible solutions.
Our Simulator proposes changes you can tweak could take to raise you credit score,
such as adding or removing accounts and correcting errors.
After the borrower has completed the recommended actions,
our Score program can update credit bureau files and re-pull credit
within as little as 72 hours.
- Delete misreported, inaccurate or outdated information
- Remove derogatory information and accounts reported in
error
- Update accounts that are paid in full and closed
- Update the status of a collection, including balance or
paid-in-full status
- Update accounts included in bankruptcy
- Remove late dates from tradelines
Let’s get you looking perfect on paper before you write the offer
so you can buy that home in this competitive market.
We are here to help.
(949) 784-9699
NMLS 324982
20 Pacifica #460 Irvine, California
