Insights into the Mortgage Application Process, Beth Brandt, Mackinac Savings Bank

The process of applying for a mortgage and complying with the myriad requests for information and supporting documentation can be very frustrating and difficult, even for a sophisticated borrower. Getting an approval and clear to close often requires satisfying arcane rules and guidelines that seem to defy common sense. And the rules and regulations keep changing, making for a moving target. This webinar aims to bring you inside the approval process from the perspective of a bank loan officer with 27 years of experience. We will cover what qualifies as income and what kind of income cannot be considered. Other topics include how credit score impacts the approval decision and rates, and the potential impact of our credit score improvement service, as well as factors to consider in guiding the client toward the type of loan best suited for their particular situation.

https://attendee.gotowebinar.com/register/889421701791335426