Debbie has nearly 20 years of investigative experience and journalism on topics of insurance, mortgage, and financial advice.


Money Strategies with Debbie

Top 10 things we need to do to get our loans approved!!!

What are the most conditions that we are missing on our loans ?
What are the problems that we need to address so that closings won’t be delayed?

1) Self employed borrowers – need all tax returns – all pages personal and business and a year to date signed profit and loss
2) rental income – need to have 24 months worth of seasoning
3) declining income – this will be a problem -we need reasons and have to justify it
4) insufficient assets – not providing enough paperwork for your assets or reserves
5) Large deposits – missing source of funds for unusual or uncommon deposits
6) 401k accounts – missing information on how to get the loan or money out – terms
7) business assets – using business assets are tricky especially if the borrower does not own 100% of the business
8) residency – missing 24 month living history or rental history for you
9) tradelines – missing minimum numbers of accounts on credit report
10) rescored credit: not meeting guidelines for allowing rescoring of credit

Call me today and let me help you out – so these issues won’t be YOUR issues!!