“Making a Pre-Qualification Work”
Hope all is well with you! Wanted to let you know the truck will officially be out of Lawrence's name this week. What does he need to do to get a pre-qualification letter? We are going to look at this house for the 2nd time this weekend. Also, is there such thing as a FHA Conventional Loan?
So often a large payment, like a vehicle payment can get in the way of being qualified to purchase a home. In this situation a $500 payment was the problem. I suggested if the payment could be taken over by someone else it would solve the problem. The immediate answer most always is, that is not possible.
If owning a home is important, folks can usually figure out how to make things work. Having referral partners that can refinance vehicle loans is a big help.
By the way there is no such thing as an FHA Conventional loan. It can be one or the other.
At this point a pre-qualification is not an issue!
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
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Manchester, Ct. 06042
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