Tag: mortgage-guidelines
How Quickly Guidelines Change
When WaMU decided that most of Washington State zip codes are soft, they let Loan Originators know via email giving us just hours to submit loans under the old guidelines (pre-soft haircut of 5% or what ever the value is). I have another example of how little time we are given as LO’s to [...]
Posted: March 3rd, 2008 under Mortgage and Lending.
Tags: fannie-mae-flex, fhmlc, fnma, homepossible, mortgage-guidelines, mycommunity, soft-values, Washington
Comments: 22
If your loan ain’t vanilla, you may be in for a rocky road.
Just a week ago, I wrote about what you should do if you’re contemplating obtaining a mortgage. If you’re all ready in the process, I have a few extra tips for you. Contact your Mortgage Professional as soon as possible to:
Make sure you loan is approved. Not preapproved, not prequalified: I’m talking your supporting documentation has been [...]
Posted: August 9th, 2007 under Agent Advice, Buyer Information, General Real Estate, Mortgage and Lending.
Tags: mortgage-guidelines, non-conforming, non-traditional-mortgage, underwriting
Comments: 13
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