Author Archives: Lane Bailey

One of the mortgage guys I work with not only has it on the ball… but he does a pretty good job of writing about it…

Here are three recent posts from Ken that people getting mortgages… or thinking about it… should read:

A real pre-qualification can take as little as a couple of hours and a seasoned loan professional can easily guide you through the process. Anyone who gives you a pre-qualification over the phone without having seen any evidence to prove what you have said is giving you a decision based on credit and payment history with your statements only. This type of pre-qualification is what gives loan officers a bad name.

—When Should You Get Pre-Approved For A Purchase Loan?

There are different levels of approval with virtually every mortgage application to loan process and agents we really need you to do your best accept them even if you don’t understand them. Otherwise you’re going to continue driving the loan officer (me 🙂 nuts and forcing the weaker ones to lie to you or avoid you. Let me help you not contribute to their delinquency by briefly explaining some of the levels of loan approval and addressing how I handle them individually.

—Pre-Approval, Approval, Conditional, Cleared – What the ____?!

Almost every loan application has some similar needs. If the agent knows what these are and can help prep the client to get these together quickly and accurately then the agent and the loan officer can start out by standing on the same side of the mud puddle and pulling the same direction on the rope. These are not absolutes and are not carved in stone but at least 9 of 10 loan applications need most of the following:

—How To Help The Loan Go Smoother and Faster

Enjoy these posts.  They will go a LONG way towards getting you on the track to home ownership.