In the midst of the evolving market and the recent buzz around the NAR situation, I wanted to share some insights and a unique story from this week at Neil Home Loans. It's a testament to staying informed, positive, and exploring all possible options for our clients.
I encountered a challenging scenario involving a jumbo loan with a high debt-to-income ratio. The client, despite having excellent credit and strong income, faced rejections due to not yet showing income from newer business ventures on their tax returns. This situation led us to explore non-qualified mortgages (Non-QM), a solution that offers flexibility beyond traditional financing, without the high costs associated with hard money loans.
This approach allowed us to secure a loan approval where others couldn't, highlighting the importance of not just going to one lender but exploring all avenues. It’s crucial, especially for those dealing with jumbo loans, to seek second opinions and ensure they're getting the best possible advice and options.
I'm here to offer that second opinion and to help navigate through these complex situations. Whether it's with us at Neil Home Loans or elsewhere, it's about finding the right solution for each unique client scenario.
Watch the video to dive deeper into this topic and discover how we can overcome these challenges together. Let’s make homeownership a reality, even in the trickiest of situations.
Click here to watch and gain valuable insights into navigating jumbo loan challenges.
Best,
Kevin Brierton
P.S. Wishing you all a wonderful and prosperous spring! If you or someone you know needs guidance or a tailored mortgage plan, feel free to reach out at 480-553-8770 or email me at Kevin@KevinBrierton.com. Let's make it happen.
Kevin Brierton
Branch Manager - Certified mortgage planning specialist
NMLS #599873
Scottsdale, AZ
CONNECT WITH ME
kevin@kevinbrierton.com
www.kevinbrierton.com
https://www.facebook.com/TheBriertonTeam
ABOUT KEVIN BRIERTON
I have been in mortgage banking since 2004. During this time, I have successfully helped more than 1,650 families with more than $500 Million in residential mortgages, placing me consistently among the top in the industry. I spend the 1st Friday of every month studying all of our products, guidelines, & lending criteria.
In addition, I work closely with our underwriting & secondary markets to fully understand all our mortgage products to ensure I am able to empower more families to gain homeownership. Our team of fully trained mortgage specialists has the attitude of “how can we make this loan work” rather than just assuming it won’t. Other Lenders find problems, we find solutions, and we are excited to find a solution for you & your Family!
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