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All agents are NOT alike! Find out why we are top real estate experts. Call us: 281-304-9727.
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Get Free Presentation On Our Home Marketing. Before signing a contract with any REALTORŪ, make sure you know EXACTLY how your home will be marketed. Find Out More > View All Offers >
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Compare three mortgages
at one time. Download TripleCalc now. It's free.
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Mark and Tamara Bonning are some
of The Top Selling Real Estate Experts Find Out More > |
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TIP: NINE WAYS YOUR PHONE'S CAMERA CAN MAKE LIFE EASIER! Find Your Car: Whether you're heading to the mall or the airport, it's easy to forget if you left your dar in B-2, E-2 or G-2. Take a photo of the nearest sign or the button in the garage's elevator to help locate your ride. Remember Your Error: Take a picture of your computer's screen when you see a strange error message. You can read i over the phone to tech support, or send it to them via e-mail, which may prove vital if your coputer crashes and won't turn on again. Remember the Wine: The next time you discover a delicious wine at a restaurant, take a picture of the bottle. You'll be able to find it again much easier. Want more tips? Follow the "For Buyers" tab and link over to Tips for Buyers Library. - Mark and Tamara Bonning |
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 |
Upon completion this year, what will be the tallest residential building south of New York and east of Chicago?
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| A |
Located in Biscayne Bay, Florida, the $120 million, 51-floor luxury condominium will be called The Santa Maria. |
See More Real Estate Trivia > |
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