“The Mortgage Business is a Communication Intense Business”
I can’t thank you enough for talking me off the ledge. I was pretty freaked out when I called you, after being told my loan was denied 3 days before I’m supposed to close. Still hard to understand when I have been paying $1250 month rent for the last 4 years and a mortgage payment will be under $1000.
After listening to you for a few minutes, it didn’t take me long to figure out that you were much more than a loan officer. I told my agent that I still want to purchase the home and would be working with you to get the mortgage. As you asked attached is the letter of explanation regarding my being out of work last year for two months and two late payments on my car and rent. I wonder why they didn’t ask me? It is also hard to understand that they told me my credit score dropped to a 602 and when you ran it yesterday, it was a 654, still not sure I understand how that happens.
Let me know your thoughts on the letter and I will see you Monday morning. Also, my Realtor asks if you could do a pre-qualification after the application. She asked me to get some business cards for her.
I wish I could say that all mortgages are easy to do but that is not the case. In many situations like the info this client shared it takes more work and preparation to build a case as to why a marginal loan should be done, especially when there is good work history and rental history.
Haven’t we all heard about bad things happening to good people? This is one of those situations and it just means that I will have to work a little harder and smarter to get her loan accomplished.
Image courtesy of worradmu/free digitalphotos.net
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
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