Getting a mortgage today is not the same as it was a few years ago. Gone are the days of a hundred different loan options. We are now down to the basic three: FHA, VA, and Conventional. In the last few years there have been many different rules added to these programs and even now they are tweaking them almost weekly. For this reason I take every opportunity to broaden my extensive knowledge of these lending guidelines. Most horror stories I hear are due to a lender working off of the wrong information or just plain not aware of a new rule that was recently put in place. This can lead to closing delays or even a loan completely falling through.
Whether I am helping someone buy their first home, getting cash out of an investment property,
a family home into a faster repayment plan, I want every loan to be the beginning of a lending relationship. I take the lending process very seriously and make sure communication is top priority. My customers depend on me to help facilitate a smooth transaction.
I would also like to mention our support staff at The Private Mortgage Group as well. A loan processor is the "gatekeeper" before any new customer''s loan file going to the investor. They review everything before it is shipped for final underwriting. We are fortunate to have processors that are former underwriters. Any document or issue I miss is always caught by them. This screening process insurers that a perfect file goes out the door and their are no last minute issues to add stress to the already stressful process of purchasing a new home.