Mortgage industry ‘not fit for purpose’ claims Together | Property Reporter

Source: Mortgage industry ‘not fit for purpose’ claims Together | Property Reporter

Our group focuses on common sense lending.

Can you show income via bank statements, 1099, other?
do you have enough assets to cover the loan? there are ways – I teach borrowers to treat the loan application like a “job interview”, be organized and be able clearly present your loan request and financial health. That should include:

loan request (purchase, refinance, other..)
why you may have been denied a conventional loan approval
your credit and explanation for negative items
your income (what you do , how your paid)
last 12-24 bank statements( this will prove your income – cash flow)

These are “story” loans , tell us your story and why you would be a good borrower.

Monty
Texasmortgageplace.com
214 213 8967

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