26 unique criteria for determining home loan rates
Stacey Fleece is a Senior Loan Consultant for Princeton Capital at 1699 Van Ness Avenue, San Francisco, CA 94109, housed in the same building as SFResidence and TRI Coldwell Banker.Hi Everyone!
There are 26 unique criteria that goes into determining what rate someone is able to secure for a particular loan...and, yes, we need to analyze and understand all of them in order to provide intelligent and accurate financial counseling.
Please feel free to pass this information on to your clients and, as always, if Dennis or I can ever be of service, do not hesitate to call! Remember…anyone can quote anything over the phone…the question becomes one of integrity, knowledge and ability to deliver!
The 26 Criteria for Quoting Rates:
- Loan Size
- Loan to Value
- Combined Loan to Value
- Credit Score
- Credit History
- Escrows
- Closing Date
- Loan Type
- Property Type
- Occupancy Type
- Residency
- Available Assets
- Asset Seasoning
- Co-borrowers
- Debt Ratio
- Housing Ratio
- Purchase or Refi
- Employment Type
- Employment History
- Documentation
- Income Recognition
- Re-cast Option
- Relocation
- Seller Contributions
- Gifts
- Cash-out
Stacey C. Fleece, CFA
Senior Loan Consultant
Princeton Capital
415.229.1228 (office)
415.596.6069 (mobile)
staceyfleece@princetoncap.com
posted by SFResidence.com @ 11:14 AM
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