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Where is the Market Headed - A Look into the Crystal Ball with Donn Mann
Manage episode 354309779 series 3401282
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I have the opportunity to have a quick chat with the owner of Mann Mortgage LLC right before my grand opening of iTHINK MORTGAGE. Just a few important questions answered to give you great perspective in the Real Estate Market.
Host :
Mark Jones
Founder of https://reviewmymortgage.com/
President | iTHINK MORTGAGE | ithinkmortgage.com
Top Producing Sr. Loan Officer
NMLS# 513437
Get in Touch with Mark.
Listen to Weekly Industry Topic Discussions on all podcast platforms by visiting this link https://www.keyfactorspodcast.com/
Educational Podcast for Consumers, Mortgage & Real Estate Industry Professionals. We'll Talk About It All!
Key Factors podcast, powered by https://ReviewMyMortgage.com
Here are a Few Reason why someone would be denied for a mortgage.
8 Reasons Why Mortgage Loans Are Denied In Underwriting
1. Your Credit Score Is Too Low
2. Your Debt-To-Income Ratio (DTI) Is Too High
3. The Loan-To-Value Ratio (LTV) Is Too High
4. Your Employment Status Recently Changed
5. You Have Unusual Bank Account Activity
6. There Are Problems With The Property
7. You Have A History Of Missed Mortgage Payments
8. The Appraisal Is Too Low
BONUS:
Debt Awarded to Ex-Spouse (if stated in decree) can also be omit from the borrowers monthly liabilities, thus lowering the borrowers DTI. (A Divorce Decree is a Legal Binding Agreement)
Mark Jones - NMLS 513437 | Founder of ReviewMyMortgage.com
Only for educational usage. All calculations should be verified independently. Reviewmymortgage.com is not a lender, does not issue loan qualifications, and does not extend credit of any kind. This is not an offer to lend and should not be used to make decisions on home offers, purchasing decisions, or loan selections. Not guaranteed to provide accurate results, imply lending terms, qualification amounts, nor real estate advice. For All Mortgage Lending Needs Please Visit iTHINKMortgage.com
Read the full disclaimer here https://ithinkmortgage.com/disclaimer/
#closingcosts #proofoffunds Fun Trivia #CreditScore #CreditEvents Credit Events: Public Filings, Today's #AverageRates, where to look #MortgageInsurance #PropertyRequirements #househacking #PropertyCondition #appraisals #LoanLimits #Income and #employment
#Affordability - #Debt-to-income Max Purchase Price Calculator #Student Loans #ManualUnderwriting #SellerCredits, Special Requirements Features, #refinancing Success Rate & Seller Perception
Key Factors Podcast is Powered by ReviewMyMortgage.com
Host: Mark Jones | Sr. Loan Officer | NMLS# 513437
If you would like to work with Mark on your next home purchase or as a partner visit iThink Mortgage.
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