My New Blog

Hello again,

I wanted to let you know what I have seen in this turning market.

Thanks to the Lord for keeping me busy in this volatile market.

Truth be told, almost everyone I know in the business is working harder to get the same business or their numbers are declining.

Here are some tips that I want to share:

• Make sure you are getting qualified by a Loan Officer that is interested in you and the process not just the pay check.  How do you figure that out, ask them questions; don't just take their word for it.  For example, Do you see any problems lurking in my file etc.  It would not be a great situation if you got approved, got the contract and had to back out of it because you couldn't REALLY qualify.
• Pick an LO that is willing to work when you need the help- I have been getting calls lately from people who are not happy with the response time of their LO.  Many of my competition works 9-5 and when they are off the clock, they are off.  That is not the case with me.  I give all my clients my cell number and let them know that they can contact me. 
• Deal with a Loan Officer/Bank that is in the same time zone-  I have recently heard of some horror stories about closing at 9 am our time that are being funded by web companies in CA.  Please keep in mind that it is 6 a.m. there and you may not be able to contact anyone for 3 hours.  That is not what you want if you are in a bind or if an error was made.  This could be a very bad situation for all.
• Get your credit up as high as you can- This will help in several ways.  It will help your debt to income ratios, your chances for qualifying for a mortgage and it may help you to get a cheaper rate and cheaper PMI (if your loan is over 80%).  Feel free to email me (rbradly@capitalfmc.com) and I can send you some information about Credit Score calculating and raising your score.
• Make sure you have 3% down (or a gift for 3% down) plus closing costs.  In a nutshell, there are no 100% programs any more.  Please call me as I have some creative options that we can speak about- 610-825-2389.