Mark Hasha

8 Tips to Save Your Sanity
June 3, 2009 · · 5 Comments

I received some great advice from one of the great lenders I work with and I wanted to share it with you. Timely loan approval is critical in today’s real estate market and I wanted to share his tips with you.

frustrated-home-buyer8 Tips to Save Your Sanity

A buyer’s guide to the loan approval process.

 

Guidelines and requirements for loan approvals have recently become more rigorous and each transaction is processed with much more scrutiny. Keeping just a few things in mind could save your sanity, stress level and funding schedule.

1. Be expedient and thorough. When initiating a loan, and throughout the loan process, it is imperative to provide complete documentation to your Mortgage Advisor as quickly as possible. For instance, if all pages of the bank statement are requested, it really means all pages. While you and I might not think it’s necessary to include the reconciliation page of the statement, the lenders do. And, when they receive only five of the six pages of said bank statement, the loan process can become inefficient and stalled. Read more

Lee Ginsburg

Getting a Loan is Not Impossible
December 3, 2008 · · 10 Comments

www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/30/RE8014CT0J.DTL .      

I had some good friends over for Thanksgiving.  Pretty early in the evening the question came up; “Lee how is the Real Estate Market?”  “People can’t get loans? Huh”, he stated. This occurs often.  Everyday it is mentioned the “Credit Crunch” we have to loosen up credit.  I hope everyone reads “You Can Qualify For a Mortgage, It’s Just Tougher” by Marni Leff Kottle of the S.F. Chronicle,  Read more

PruCalVoices

Opportunity Knocks
October 29, 2008 · · Comment here

 

What an exciting time this is.  Full of opportunity, yet challenging.  It is imperative to do your homework.  Line up all your ducks…  Remember it can take upwards of 45-60 days to get loan approval.   Timing is essential.  It would be wise to start the ball rolling and get pre-approved for your loan.  Avoid any hiccups standing in the way of your dream when you have found the perfect home. At years end conforming loan limits will decrease and it could end up costing you more money to borrow the same amount. Take advantage, opportunity is knocking, answer the door.