Limited by the Numbers
Posted on | February 28, 2010 | No Comments
I am always amazed how some people think a loan officer can “just make the numbers work”. I’ve come to the conclusion that maybe that’s why we’re in the mess we are in right now in the mortgage business. The truth of the matter is this; no one should ever manipulate the numbers to make it work. Those numbers are in place to keep the consumer from purchasing more than they can afford and it works if we let the numbers do what they are supposed to do.
What a loan officer can do is show you different options and loan programs so you may fall within the tolerances of the numbers and be approved for a loan. We can also help you find a program that may help you with down payment money or get approved for a different type of loan program. Some are dependent upon income, family size or location but you won’t know unless you ask. Just remember; what we cannot do is mess with the numbers as they will always tell you the truth.
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