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Real Estate Tips
Financing Your Home >Qualifying Guidelines

It may be difficult to qualify for a home mortgage loan. As a buyer, you may find the perfect home, but finding the perfect financing might become elusive. After you complete the application process, your lender may turn you down, which is an upsetting development for any prospective homebuyer. What can be done to remedy such a setback?

The answer depends on why you were turned down. If your income is too low to satisfy one mortgage company, there might be another company with more liberal qualifying guidelines. If you have had credit problems, some lenders may be more willing than others to help you clear them up in a manner that satisfies their underwriters. If your loan runs into problems, sit down with the loan officer and your real estate agent to investigate the possibility of using a different lender. The first company may be able to "assign" the package to a competitor, enabling you to use your same credit report and appraisal. You will need the cooperation of your sellers, too.

While loan rejections are disappointing, they can be resolved.

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Real Estate Trivia
Q 
What are the three most common environmental toxins for which homes are tested?

A 
Mold, asbestos, and lead are tested by specialized inspectors as a regular part of many real estate contracts.
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The Muscatell/Wagner Team, REALTOR®, real estate agents and broker for Tampa, New Tampa, Lutz and Carrollwood, Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

The Muscatell/Wagner Team
Keller Williams Tampa Properties

3450 Buschwood Park Drive, S-345
Tampa, FL. 33618
Kathy Muscatell: 813-319-6241
Vicki Wagner: 813-319-6226
Wendy Peterson: 813-334-4966
Judy Ann Hruszczyk: 813-486-2194
Carolyn Esquinaldo : 813-786-8454
Kathy: info@muscatellwagnerteam.com
Vicki: info@muscatellwagnerteam.com
Wendy: wendypeterson@kw.com
Judy: judyannsells@gmail.com
Carolyn: cesquinaldo@kw.com

Jeff Kenny - 813.927.0356
Jeff: jeffkenny@mindspring.com

Whether buying or selling--our team offers you the wisdom of experience and the gift of caring. We want to help you accomplish your real estate goal and be so impressed by our service that you refer your friends and acquaintances to our team for their real estate needs.

ABR CRS GRI ERC Equal Housing MLS REALTOR CBR


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