A New Year brings new goals, new beginnings and a new perspective!!
Most clients that come into my office has been turned down from other lenders and feel defeated before we even start the credit check. What I tell each client is that a No is sometimes for a better YES down the road. Discouragement and defeat will not get you to the place you want to be, but hard work and dedication will.
Keep in mind that there are so many loan programs available that most lenders all can offer. The difference is some lenders underwrite using guidelines set by the program and some lenders have overlays on top of the guidelines. As in some lenders will go down to a 580 credit score and some will start at 620. So if you get a turn down, don’t give up!
Do your research.
Ask questions…
What is your minimum credit score?
What do I need to do in order to purchase a home? ( If the lender can not sit and make a plan with you, then get another lender. )
What are my best 3 loan options? This is very important. You are the one making the purchase not the lender. Let the lender know your long-term goals. This can make a difference in the loan product that fits your needs.
As a home buyer the most important thing you can do is be upfront and honest during the loan application. It is easier to get a solution to an issue ahead of time than to go backwards in the loan process.
Here a few tips of the Do’s and Don’ts when you are trying to purchase a home. So remember positive thought get positive results. If you have any questions on the loan process please shoot me an email or comment. Let’s make 2018 the year you turn Realty into Reality!
Blog Credit Do’s and Dont’s during the loan process
Published by Heather Paige Moody
Welcome! I'm Heather ( AKA: Paige) Moody . A Little About me: I was born and raised in a small town in Eunice, Louisiana where I started my first mortgage company in 2005 at the age of 21 years old. Since 2005 I’ve grown to know everything when it comes to the industry, from owning a mortgage company, processing loans, mortgage underwriting rules, to now managing.
Why I’m in the Mortgage Business:
My family has a history of Banking and real estate . I could see at an early age how satisfying the real estate profession was for them, so I started off as a Real Estate agent and quickly realized that the mortgage side was my passion.
I am a mother of 4 very active kids that have been/ are being raised in the Real Estate /mortgage world. I have always said that their first baby blanket was a file folder.
I love to be able to teach that going the extra mile for others is such a blessing to us as well as the other person. Most importantly that no matter what the obstacle is that we must work hard and give it our all in all that we do. Our family lives at a field or a gym for most of the year. Between baseball, cheer, volleyball, football and anything they can possibly sing up for, I have developed little-known disease called Bleacher Butt.
When I am not working ( or should I say.. not behind my desk) or attending an event for one of the kids . I really enjoy bible studies , reading and listening to podcast. My children go to 2 different schools and I am so blessed to be part of two Mom’s in Prayer groups. It is a National Organization that Moms can get together to pray for our children and our school.
As the Southern Mortgage Mom, I help homebuyers and Real Estate Agents make the Mortgage buying process as stress free as possible. I have been called the miracle worker by clients and agents( on occasion) because I have saved some mortgage loans that others have denied . It has nothing to do with miracles , but all to do with knowing how to get a loan approved.
If I am lucky enough that you chose me or my team as your go to lender, I promise that I will be fair, I will be honest and you will feel like family when you sign the final papers and I will keep in touch (till you tell me not to) long after the mortgage loan is closed. Looking forward to working with you when it comes time to buy a home or refinance your current mortgage.
View all posts by Heather Paige Moody
Southern Elite Team 