Do you know someone who was just turned down for a mortgage? Perhaps I can help.
Many Retail Lenders and Banks have guideline overlays which limits the debt to income ratios, credit scores and many other guidelines. And, there are times when they will take complicated self-employed borrowers and figure the income incorrectly.
Many buyers have been told they are pre-qualified and entered into a contract on a home, only to be told "I'm sorry you do not qualify for the loan". Now they and their Realtor are scrambling to find someone who possibly can help.
Fortunately, Mortgage Brokers have a variety of wholesale lenders and credit unions, and a wide variety of programs to chose from which allow for higher debt to income ratios because of no overlays in the guidelines. We also know how to calculate self-employed tax returns properly and have direct contact with underwriters who are only a phone call away for any additional clarification, up front.
Some of those buyers find my website and contact me. I have been able to help lots of buyers who were denied a loan by a Bank or Retail Lender, and I am able to get those borrowers approved and fund their loans quickly.
What do you have to lose? If you find yourself or your buyer in this position, give me a call. Let's see if I can help. 941-504-1445 or check out my website: www.SherryBitner.com