Sentences with phrase «loan officer tells»

«Once you make that phone call and the loan officer tells you what you qualify for, the temptation to go higher is real.»

If a loan officer tells you to misrepresent yourself in any way on your loan application, that's a huge warning sign.

Your bank's loan officer tells you that your company qualifies for a commercial loan.

Five years ago I took out a 5 year mortgage with the Royal Bank and the loans officer told me if I wanted to break it, it would cost me about three months interest but when I tried to renew my $ 85000 mortgage a year or so early the penalty was $ 4000 or $ 5000 — I decided to wait.

My loan officer told me it would be considered taking cash out.

Time after time, the loan officers told Comer that they couldn't do anything for West or said they didn't have the time to handle a special case like his.

It is a 87 year old woman who is making $ 928.00 social security only income per month, who was a victim of a loan officer telling her to purchase a home with no income verification and now she can't afford the payments.

Not exact matches

The loan officers would only consider your application if they have faith in the success of your business idea and they will appreciate if you tell them how their funds would be utilized.

Someone told me that we could use an officer of the company to guarantor a loan for the LLC, and not use my bosses name or info.

Make a $ 450,000 home loan with 3 % down to a couple making $ 35,000 a year working at Starbucks; already burdened with $ 90,000 in student loans, $ 20,000 in credit card debt and FICO scores of 610, after they tell the loan officer they make $ 120,000 as senior managers of a large multi national corporation When they default on the home loan, file bankruptcy to discharge student and credit card debt and start living in section 8 housing, you now have a new brother and sister.

Your loan officer can tell you which types of loans carry these kinds of restrictions.

When I asked the loan officer about this, she told me that this was due to timing differences between the funding of the new loan proceeds and the payoff of the old loan.

Up for a promotion as an assistant manager at a local bank at which she's a loan officer, Christine is told, in no uncertain terms, that if she wants the job she'll have to make some tough choices.

Minneapolis, MN: As a mortgage loan officer, every single day, someone tells me their credit score they received from Credit Karma, some «free credit report» web site, their Discover Card statement, or even directly from the actual credit reporting agency.

As a Loan Officer for over 20 - years, I can tell you story after story of people who thought they were Pre-Approved, signed a purchase agreement, gave notice on their apartment, only to be told a week before closing that they were denied.

When Suresh asked his loan officer what was wrong with his application he was told that he was denied a loan because his CIBIL score was only 650 (out of 900).

Do not do business with any loan officer who tells you otherwise.

Many loan officers will tell you they have the best rate only to surprise you with unreasonable closing costs.

Our mortgage loan officers can tell you about affordable housing assistance programs in which Bank of America participates.

The first thing you need to do is talk to your loan officer and accountant to determine your total interest cost, net of the tax benefit, which will tell you how much your investment portfolio needs to earn in order to pay off the interest rate charges of your mortgage.

Chad Baker, a loan officer with Prime Lending, told us that his company «will provide FHA financing down to a credit score of 600,» adding that «there are mortgage banks that are providing FHA financing below a FICO score of 600.»

But when I ask them what research they did on the company prior to hiring them I always get «the real estate agent» or «loan officer» told me about them.

Discover what every loan officer should know about Millennials, Generation X and Baby Boomers — as told by a member of each generation.

If you borrow $ 5,000 from your aunt for a down payment and tell the loan officer it was a gift, you'll make it seem like you're a better loan candidate than you really are.

The loan officer should be able to provide limited guidance by telling you what is holding up your approval.

Thomas Idzorek, CFA, chief investment officer — Retirement at Morningstar Investment Management LLC in Chicago, and lead author of the paper, tells PLANADVISER, «Our managed account engine will consider age, plan account balance, salary, contribution, state of residence — different states have different tax rates — employer tiered match, employer contribution, plan loans, brokerage account holdings, retirement age, gender and pension as well as other outside assets to determine the recommended allocation to equities for each participant.»

When signing my name on the loans, they told me as long as I worked as a peace officer for 10 years, I qualify.

Go back to the lender through which you were pre-approved and tell your loan officer that you are ready to buy a home.

The loans officer is again, telling me there would only be a small penalty of maybe $ 1200 but she will not disclose the formula on how they calculate the early payment penalty.

My best advice is to always complete a mortgage loan application with 100 % accurate and truthful information, and to always tell your Loan Officer everythloan application with 100 % accurate and truthful information, and to always tell your Loan Officer everythLoan Officer everything.

While true Loan Officers at banks, credit unions, and mortgage companies owned by banks and credit unions are NOT required to have a personal license, and many will tell you if you ask about their background how they are not required to have a license.

We've streamlined the refinance process and our team of fully licensed Loan Officers can tell you how much you can save by switching to a 15 - year fixed.

You went to class, enjoyed yourself, confident that the school and the loan officers were telling you the truth.

Ask your loan officer for more information on buying down the rate, and he or she can tell you more information based on the market that day.

Sometimes loan officers will tell people not to talk to other mortgage companies, because too many inquiries on their credit report will lower their score and prevent them from getting a good loan.

Her new tell - all on the mortgage industry exposes so many of the lending industry's favorite frauds, every loan officer from Seattle to Miami is going to be gunning for her!

You don't want to walk out of the signing room just to have the loan officers high - fiving each other behind your back for the extra big fat commission they made off of you, so please pay close attention to what I'm about to tell you now.

Tips to this type of referral are that the Loan Officer works for the same company, they share office space, or if you have already told your Real Estate Agent you have a lender you are happy with, and they become pushy or start talking negatively about your choice to get you to go to their choice.

A good loan officer can tell you what you could expect to save (or not save) by refinancing to a new mortgage and how long it will take to recoup the costs.

I worked as a loan officer for a mortgage broker once, and was told that we were FHA approved.

At one time I know there was a two year «seasoning» requirement on a second mortgage, but the loan officer is telling me it is forever now.

This tells loan officers very clearly that they have no experience with handling credit.

Our mortgage loan officers can tell you more about program options.

I think my wife needs to certify the employment and do more with the PSLF as I think the loan officer that told her about it did not say anything about recertifying... I am hoping she can get certified then and possibly still make it work because she has been at her current public teaching job 9 + years and I hope her digging more into it can get it all certified and her loan taken care of.

The bottom line is tell your Loan Officer everything, and we'll make sure you have a smooth, stress free, no surprises closing.

My loan is through CW too and now I am so upset with how they drag their feet I am going to tell my loan officer I would rather pay 1 % more to a company other than CW.

I'm telling you, I believe Loan Officers and Realtors are partly to blame for all of this mess.

She told me she didn't have heat because she couldn't afford to fix the heater,» says Saling, mortgage loan officer at Team Home Loans in San Diego.

When that didn't happen, the couple planned to withdraw their offer until Kerry White, a loan officer at Prosperity Mortgage in the District, told them about the new FHA loan limits.

This is a partial list; your mortgage loan officer can tell you about any additional requirements.