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Real Estate Tips
Financing Your Home >Mortgage Fears

It is not unusual for home buyers to feel that the lender is being very critical during the loan approval process. The buyer is required to provide all kinds of financial information, and then the lender asks for more. If this is your experience, and the process seems discouraging, remember that none of this is personal!

Some lenders have more stringent requirements than others, but every lender requires a substantial amount of documentation on a mortgage loan. They must verify employment, credit history, and recent financial transactions involving your liquid assets. If your Visa payment was late, they may ask for a letter explaining why. If you are self-employed, they will ask for tax returns from at least three years and probably a year-to-date profit and loss statement.

Government regulations require mortgage companies to document everything. And while the loan officer may know that you are a reliable risk, the underwriters must be able to defend the loan to a federal bank examiner or auditor.

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Real Estate Trivia
Q 
What famous American sign was originally erected as a real estate ad?

A 
The Hollywood sign, built in 1923, was conceived as a real estate ad that originally read, "Hollywoodland."
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The Jason Matt Team, REALTOR®, real estate agent and broker for Canton, Plymouth and Northville, Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

The Jason Matt Team
Coldwell Banker Weir Manuel

177 N. Main
Plymouth, MI 48170
Jason's Direct: 248-756-0009
Fax: 800-679-1933
Jason's Email: sold@jasonmatt.com

Jason is a licensed Realtor who has over ten years experience in the area of client relations. Currently a Realtor with Coldwell Banker, Jason’s primary area of expertise is working with sellers and buyers along with their families to meet and exceed their various real estate needs. He is familiar with the Southeastern Michigan counties of Wayne, Oakland, and Macomb. In addition to his real estate license, Jason has two years of study in finance with the University of Michigan and holds a Bachelor’s Degree from the University of Phoenix in Business. Prior to entering the real estate industry Jason worked as a Project Manager within the automotive and telecommunications industries. Jason and his wife, Jaime, reside in the city of Canton with their 2 sons, Landen & Beckham.

ABR REALTOR


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