Patsy Bailey
Guest Author
What’s really out there these days? Ghosts? Goblins? Mortgages?
Between the news, friends, family, talks in shopping lines, etc., does anyone know if they even want to consider buying or refinancing a home for a lower payment? It can be a challenge. Many changes have occurred in the industry with more to come.
Even with the best case scenario: high credit score; assets; low debt; good job; the process may not be as easy as you remember. Indeed, the process takes longer and sometimes requires more documentation. When you think about it, someone who doesn’t know you is going to give you their money or someone else’s money that was entrusted to them.
Don’t take “no” for an answer. Find out why they think “no” is the answer. Work around the issues. If the debt-to-income ratio is too high, ask about lowering it. There are ways to do this that don’t require cash. Ask, “What can I do to change the outcome?”
Your credit score can be re-scored for the better through the credit agency used by your mortgage professional. In the end, be sure you entrust your loan to someone willing to do everything possible to make the experience a happy one!
 Patsy Bailey Mortgage Banker |
 4801 Lang Ave NE Suite 100 Albuquerque, NM 87109 4001 Office Court Ste 603 Sante Fe, NM 87507 Cell: 505.715.3231 Office: 505.473.4045 ext.109 E-mail: patsybailey13@gmail.com |
For more information on home financing, visit my Albuquerque Mortgage Page.
Equal Housing Opportunity
