MSHDA Lunch and Learn
Amerifirst Home Mortgage is hosting an event Tuesday August 15th 2017 at the Greater Kalamazoo Association of Realtors. Nancy baker from MSHDA will be presenting information on MSHDA loan limits, down payment assistants, home buyer education, and so much more. Hope to see all the Kalamazoo Area Realtors there!
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S.O.S. SAVE OUR SALE
S.O.S. SAVE OUR SALE: WHAT TO DO WHEN YOUR LENDER STALLS WEEKS BEFORE CLOSING!
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.