I want to start by saying that Swiss Cheese is the only item that is acceptable holey. Nobody wants holes in the ground, new house, shoes, groceries, tires or the home buying process. I have talked about the initial interview process for you and the lender but never about a complete application. As a lender it is important to roll up the sleeves and get all the personal information. The lender has one of the most important roles because if there is a hole in your application/ story then underwriting could decline it. It is sometimes all about the proposal. Everyday buyers get frustrated for us digging into their personal life but if we don't upfront then the file might not succeed. You have to remember that all information will have to be documented even if you have told your lender. There are a wide range of people that will pick up your file especially if your loan is sold. If the whole company missed a detail then it might not be able to be sold. Keep this in mind when you get that initial interview because ALL the details are very important.
A good example of the above situation would be if you have a house to sell, living at a temporary residence or aren't moving down at the same time as your spouse and are the main source of income. These details really do matter.
0 comments:
Post a Comment