How to Buy a House ?
What Lenders Look for to Qualify for a Mortgage? I have been in the real estate industry for over 10 years and have worked with hundreds of buyers, and have closed between 100 – 200 transactions per year. At Florida Platinum Group , we do buyer consultations every time we meet with a new buyer. We feel this is a very important step in the buying process and we can service our clients at a much higher level by doing it. During the buyer consultation, more often than not, the buyer hasn’t been pre-approved for a mortgage. We are here to help assist the buyer and offer options to help them obtain a mortgage pre-approval. What’s the Difference between Using a Bank or a Mortgage Broker? 1.Bank (Direct lender) Offers a “Cookie Cutter type” of loan You need to fit the “A” profile (job, credit, income) Limited choice of products Bank employees review your application If you as the borrower have excellent credit, long-term employment history and access to all financ...