Ever feel like the loan underwriting process is a mystery? Like your deals disappear into a black box, only to emerge with questions and conditions you weren’t expecting? You’re not alone! Many real estate agents find the underwriting phase confusing, which can lead to delays, frustrations, and even lost deals.
That’s why we’re thrilled to announce our upcoming Lunch & Learn event: Meet the Underwriters! This is your exclusive opportunity to demystify the underwriting process and gain invaluable insights directly from the experts.
On Tuesday, March 12th at noon, we’re bringing in our two head underwriters to pull back the curtain and answer your questions. This is a rare chance to get a behind-the-scenes look at how loan decisions are made and learn what underwriters look for when reviewing files.
LIVE EVENT – NOTE the change in venue this year
Date: Wednesday March 12th
Time: 12:00 – 1:30
Location: Oshtemo Community Center – 6407 Parkview Ave, Kalamazoo, MI 49009 <——–
Limited Seating. RSVP required. Lunch will be provided.
Yesterday, a buyer called me in a total panic. They locked in their mortgage interest rate 30 days ago while shopping for a home near the Westwood neighborhood. Everything moved along fine until the seller asked to push closing back by ten days to finish clearing out their garage.
The buyer asked me, “Jeremy, if our rate lock expires before we close, will our interest rate jump up? Will our monthly payment go through the roof?”
I told them straight up: “Take a deep breath! An expiring rate lock will not ruin your deal, and you will not lose your low rate!”
Are you under contract on a home with an expiring rate lock? Need a rate lock extension?