Mandeville, Covington, Madisonville and Abita Springs real estate and homes for sale in Louisiana, Single Family Homes - Lanie Roberts, REALTOR® REALTORŪ Logo
Mandeville, Covington, Madisonville and Abita Springs real estate listings, home buying, selling and homes for sale in Louisiana - NUMBER1EXPERT(tm)
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Mandeville, Covington, Madisonville and Abita Springs Information:

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Real Estate Tips
Financing Your Home >Qualifying Guidelines

It may be difficult to qualify for a home mortgage loan. As a buyer, you may find the perfect home, but finding the perfect financing might become elusive. After you complete the application process, your lender may turn you down, which is an upsetting development for any prospective homebuyer. What can be done to remedy such a setback?

The answer depends on why you were turned down. If your income is too low to satisfy one mortgage company, there might be another company with more liberal qualifying guidelines. If you have had credit problems, some lenders may be more willing than others to help you clear them up in a manner that satisfies their underwriters. If your loan runs into problems, sit down with the loan officer and your real estate agent to investigate the possibility of using a different lender. The first company may be able to "assign" the package to a competitor, enabling you to use your same credit report and appraisal. You will need the cooperation of your sellers, too.

While loan rejections are disappointing, they can be resolved.

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Real Estate Trivia
Q 
What is the world's most capacious building?

A 
The Boeing Company's main aircraft assembly plant in Everett, Washington, has been expanded to a capacity of 13.4 million cubic meters, or 473 million cubic feet.
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Lanie Roberts, REALTORŪ, real estate agent and broker for Mandeville, Covington, Madisonville and Abita Springs, Louisiana home listings, property and land for sale

Lanie Roberts
Real Estate Resource Group LLC

90 Louis Prima Dr.
Covington, LA 70433
Cell: 985-502-7070
Office: 985-801-4513
Fax: 504-617-6653
lanieroberts@BestImageAgent.com


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