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Interview with MichiganHomes.com – Mortgage Options

Jeremy recently did a short interview with MichiganHomes.com who was looking for some expert advice on borrowers mortgage options.

Read the full interview here

Some of the questions he answered were:

  • What would you recommend as the first steps that someone who wants to buy a house should take to secure a mortgage?
  • What is one of the biggest regrets you’ve seen people have when it comes to their mortgages?
  • Are there any things that prospective homeowners should not do when they’re applying for a home loan?
  • Can you briefly explain the main types of loans and who they are typically best suited for?

Check out my interview, Expert Advice on Your Mortgage Options on Michigan Homes, one of the top sites for Michigan homes for sale, including Detroit, MI homes for sale. Michigan Homes also services Wisconsin real estate and Illinois real estate.

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Did your mortgage lender suddenly go radio silent, request the same bank statement for the fourth time, or drop a last-minute loan denial right before your scheduled closing date?

Yesterday, a panicked real estate agent called my office from Portage. Their buyer had been under contract for three weeks on a home near Milwood. The closing date sat just nine days away.

Out of nowhere, the buyer’s out-of-state call-center lender issued a denial letter. The call-center underwriter miscalculated self-employment write-offs, panicked over an unpermitted porch repair on the appraisal, and threw the entire transaction into the trash can.

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