Here’s a way to possibly reduce the foreclosure seasoning requirements on a conventional loan.
If you open up the Conventional Loan underwriting guidelines and look up foreclosures it will say you have to wait 7 years before you can get a loan.
A possible way around this is to let me run your file through the automated underwritng engine.
I’ve seen the engine give approvals for people at 4 or 5 years out of a foreclosure.
…and, if it gives an approval at 4 years we can do the loan!
Brett
To sign up for my weekly mortgage quick tips – CLICK HERE.
One of the most important things you will have to do when you apply for…
I wanted to let you know we have a 2% to 5% downpayment and closing…
If you want to acquire rental properties, but you are having issues proving your income…
Do you need cash out of your home, but you don’t want to refinance the…
In the mortgage world there are rules we have to follow. Such as, rules about…
Do you have investment property, and would like to pull cash out of your property?…