A group for understanding which loan exists for which situation, and what each one really asks for.
Grupo en formación Domingo Online — worldwide
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AZ
Alberto Zaltzberg
Información
Pre-qualified, pre-approved, underwritten: three words, three different promises
Pre-qualified, pre-approved, underwritten: three words, three different promises
Sellers treat them as interchangeable and they are not. Only one of them has had a human underwriter look at the file.
From the Adonait Digest. Full story: https://www.adonait.com/news/9775
AZ
Alberto Zaltzberg
Información
Conventional, FHA, VA, jumbo: what each one is really for
Conventional, FHA, VA, jumbo: what each one is really for
The right loan is decided by the borrower's file and the property, not by which one has the lowest advertised rate.
From the Adonait Digest. Full story: https://www.adonait.com/news/9727
AZ
Alberto Zaltzberg
Debate
My position: comparing loans by rate is the most expensive mistake made at this table. Between two offers, closing costs and time to approval matter more than half a point. Do you agree?
AZ
Alberto Zaltzberg
Caso
A real and frequent case: foreign national, no U.S. credit history, buying in an LLC to rent it out. Which loan would you start with, and which document do lenders ask for that nobody has ready?
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