|
All agents are NOT alike! Find out why we are top real estate experts. Call us at: 404-873-0550.
|
Get Free Presentation On Our Home Marketing.
Before signing a contract with any real estate agent, make sure you know EXACTLY how your home will be marketed.
Find Out More >
View All Offers >
|
"The open houses and marketing campaigns...
...Mark organized were, visible, tangible signs of his efforts. But we also understood how much work the team out in behind the scenes..."
Keith & Avonne Herndon
Read Quote >
View All Quotes >
|
 Compare three mortgages at one time.
Download TripleCalc now. It's free. |
Mark Brandwine and Company are
some of The Top Selling Real Estate Experts™
Find Out More > |
|
|
 |
|
|
Financing Your Home >Mortgage Fears
It is not unusual for home buyers to feel that the lender is being very critical during the loan approval process. The buyer is required to provide all kinds of financial information, and then the lender asks for more. If this is your experience, and the process seems discouraging, remember that none of this is personal!
Some lenders have more stringent requirements than others, but every lender requires a substantial amount of documentation on a mortgage loan. They must verify employment, credit history, and recent financial transactions involving your liquid assets. If your Visa payment was late, they may ask for a letter explaining why. If you are self-employed, they will ask for tax returns from at least three years and probably a year-to-date profit and loss statement.
Government regulations require mortgage companies to document everything. And while the loan officer may know that you are a reliable risk, the underwriters must be able to defend the loan to a federal bank examiner or auditor.
|
|
| Q |
On what famous American street can you find the most expensive retail space for rent anywhere in the world?
|
| A |
Fifth Avenue, New York City, U.S.A. offers retail space for rent at the rate of $580 per square foot. |
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERTS™ 
