Jeff’s Carlsbad Blog for First Time Home Buyers

Check in With Your Mortgage Broker

Posted in Due Diligence,Financial,Mortgage info by Jeff Dowler on August 10, 2007

With all the changes occurring in the mortgage industry (programs disappearing, stricter standards), now is a good time to check in to make sure you still qualify for the program you are interested in, and that there haven’t been any changes that might impact your transaction.

Your mortgage broker (assuming you have contact in the past, say when you got pre-approved) may or may not call you to raise any issues. So be proactive, and watch out for yourself.

You don’t want any surprises, like finding out you cannot do 100% financing or your loan will not be approved because of stricter standards.


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