Monthly Archives: November 2018

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Lending 101

2019-07-19T18:39:59+00:00

Lending 101 CITY INSIGHT HOUSTON   •   NOV 26, 2018 A loan application is like a puzzle.  You must have all pieces to receive “Loan Approval.” Why pre-qualify? Identify the sales price range Make sure buyer is comfortable with financing numbers and terms (monthly payment, down payment etc.) Don’t waste your time & gas! Make sure you are working with a qualified buyer! Pre-Qualification A pre-qualification is not an “Approval” – it is stating that based on a credit review and the borrowers stated income and assets  they qualify within the acceptable guidelines for a [...]

Lending 1012019-07-19T18:39:59+00:00