One of the most frequent questions we get asked is "Are you in the real estate industry?" Many people wonder if we just report on the news and technology affecting the industry, or if we’re actually practicing real estate professionals. We actually are in the real estate industry. We work for a mortgage banker in San Antonio, Texas. This basically means two things for our viewers: We practice what we preach on the show, on a daily basis. We feel your pain. Here are three things we encounter on a weekly basis that can cause your client’s mortgage loan application to explode. The Big D, And We Don’t Mean Dallas If I had a $1 bill for every time someone tried to apply for a loan while going through a divorce. I would have, um, numerous dollar bills lying around. Seriously though, this happens more often than you’d think. Most seasoned mortgage professionals catch on to this pretty quick and handle it accordingly. Going through a divorce doesn’t alone disqualify you from getting a mortgage loan, but it does raise several questions and issues for most lenders and investors. Banks or anyone for that matter, have no interest in getting caught up in the emotional and financial woes of a divorce. That is unless you have the proper documentation. Most divorces actually lead to a refinance, and often times it happens before the divorce is final. The borrower needs to come with an agreement signed by both <b>…</b>
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