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Billy Is The Best Realtor We Ever Worked With!
"We are writing to express how pleased we were with Billie Chubb during the recent sale of our home. She is professional and responsive and was able to help us negotiate a very quick sale. We have bought and sold several homes, and our experience with Billie Chubb is far and away the most positive one we have ever had. We would recommend her to anyone whether they are relocating or buying or selling a home locally."
Greg & Barbara MacDonald, Shipley Farms
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Financing Your Home >Qualifying Guidelines
It may be difficult to qualify for a home mortgage loan. As a buyer, you may find the perfect home, but finding the perfect financing might become elusive. After you complete the application process, your lender may turn you down, which is an upsetting development for any prospective homebuyer. What can be done to remedy such a setback?
The answer depends on why you were turned down. If your income is too low to satisfy one mortgage company, there might be another company with more liberal qualifying guidelines. If you have had credit problems, some lenders may be more willing than others to help you clear them up in a manner that satisfies their underwriters. If your loan runs into problems, sit down with the loan officer and your real estate agent to investigate the possibility of using a different lender. The first company may be able to "assign" the package to a competitor, enabling you to use your same credit report and appraisal. You will need the cooperation of your sellers, too.
While loan rejections are disappointing, they can be resolved.
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| Q |
What does the common acronym FSBO (pronounced fizzbo) stand for?
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| A |
For Sale By Owner. (Between 85 to 95% of existing homes are sold with a Realtor's help.)
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- NUMBER1EXPERTS™ 
