How hard is it to get a Mortgage because of Subprime Lending issues?
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David,
The subprime market is not affecting the prime (or A+) market. The 80/20 is still alive, and with your scores, I could get you a loan no problem. Just shoot me an email if I can help. msmith@premierloangroup.com
I think a real person is better to deal with, simply because a website is not going to give you personal attention. Thanks again!
Marty
How hard is it to get a Mortgage because of Subprime Lending issues?I have been going through a broker. I'll admit that it is largly because of my timne constraints and the relationship I have built with him. He is in the business of shopping for loans. His contacts and daily use of market changes keeps him at a pc looking for the right deals for me.
If you have the time to dedicate to this task, you can save the broker fees. It seems your numbers are on the mark, but loan approval is not the real hurdle. Underwiting holds the real power in this market. This is where the time and aggrivation may become an irritant. Truthfully, this is where the value comes for me to hire an underwriter. He is currently handling negotiations with three underwiting departments for three sli8ghtly different products. He knows my goals, strategy and thresholds and is held accountable (his fee) for getting me what I want/need.
Best wishes!
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