The majority of bank loan requests accompanied by "bank letters" are just requests. Until a bank's underwriting department completes its financial due diligence most sellers that received bank letters from a buyer know the deal could fall through at any time. Thanks for the post and best wishes to you.
I must tell you that I do not work with all potential borrowers just as they do not work with me. I am straight forward and to the point. In addition to that, I treat every borrower with the same level of service that I expect for myself when making important financial decisions. I use my 13 years of experience in the mortgage industry to provide the best products available for my borrowers and their specific needs.
I would like the opportunity to have a brief conversation with you to discuss your expectations. If you feel that you would like to talk sooner, do not hesitate to call or reply at any time. I have attached an application for your convenience as well.
Our mission, at Peoples Home Equity, Inc., is to secure the best mortgage available for our clients. We will work diligently to find you the best possible terms, helping you achieve your financial goals in a friendly and professional manner. Our clients truly do come first and will be treated with the utmost respect and forthrightness. You will notice the difference from the initial consultation.
Just sounds to me like your loan officer did not do their homework. If you would like a referral to a very good one I use just contact me and you will never have to deal with this problem again. Also, I have lived in the small zip code of 55127 for over 10 years now. I would be more than happy to help you along this journey. It sounds like you have some frustration going on now, but if you have the right team helping you it will actually be quite fun.
Just get in contact with me,
Realtor North/NE Suburbs
check with local mortgage broker . you might be able to obtain mortgage with 20 % down.
if you go to bank , credit union or direct lender you might get in to same issue because of overlayer . broker will be able to find you lender. with your scenario . .
Mortgage Loan Manager
NMLS # 369325
Were you given a reason for this rejection? This too can take on many different faces and have nothing to do with your financial worthiness. It could be because of the home, condition of the home, characteristics or type of construction, etc. etc.
I would ask for their logic before determining whether or not to try again with another lender. Because you were turned down by one lender doesn't necessarily mean you should throw in the towel.
Stick with it!
I've done this three times in the last few months for clients, calling around to see if 'others' can do something differently based on the information we had. We got all three through with another bank.
With a little persistence and hope, you may be well on your way to getting that 2nd home.
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