"I'm very grateful for the amount of patience".
We would highly recommend Tom Sommers for all of your real estate needs. He sold our house in the spring of 2005, when we moved to Illinois. He also helped us find our new house when we moved back in the spring of 2006. He works very hard and definitely has his client’s best interest in mind. I am very grateful for the amount of patience he has. He showed us many houses when we came back and never tried to talk us into a house just for a quick sale. He took plenty of time and showed us many houses, until we found the perfect house for us. If we are ever in the market again, I would not hesitate, he would be my first phone call. Thank you, John & Shawn H.
John & Shawn H.
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Financing Your Home >Qualifying Guidelines
It may be difficult to qualify for a home mortgage loan. As a buyer, you may find the perfect home, but finding the perfect financing might become elusive. After you complete the application process, your lender may turn you down, which is an upsetting development for any prospective homebuyer. What can be done to remedy such a setback?
The answer depends on why you were turned down. If your income is too low to satisfy one mortgage company, there might be another company with more liberal qualifying guidelines. If you have had credit problems, some lenders may be more willing than others to help you clear them up in a manner that satisfies their underwriters. If your loan runs into problems, sit down with the loan officer and your real estate agent to investigate the possibility of using a different lender. The first company may be able to "assign" the package to a competitor, enabling you to use your same credit report and appraisal. You will need the cooperation of your sellers, too.
While loan rejections are disappointing, they can be resolved.
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| Q |
What area in the U.S. has been referred to as the "American Riviera"?
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| A |
Miami Beach in Biscayne Bay is Florida's pre-eminent place for "people watching" and a hot spot for celebrities.
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 See More Real Estate Trivia > |
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