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Tulsa Mortgage :  Podcast 5 – Part 1

Tulsa Mortgage  Runkle water when we are on one or loan conditions picture little utopia status of neighbor in the little looks like an antenna for a number. Okay guys but your sound won’t be life vision unplugged in like I am thousands close me to okay episode five of the Steven Tyler show and him and him.com and and is boom it SteveCurrington.com and we are totally concepts in Tulsa mortgage were everywhere mortgage your were Missouri mortgage were Columbia mortgage were Colorado mortgage Colorado Springs mortgage New Mexico mortgage Farmington New Mexico mortgage where else pueblo Colorado mortgage Alamosa Colorado mortgage everywhere and really Kansas were much states so that suspects the Steven Tyler show Tyler what’s up to now we talk about today think today were to talk about loan conditions what are loan conditions what are loan conditions Tyler loan conditions here are what they start I guess what I start I know I put like three little like take away things entry Macario worked there stay still loan conditions basic

Tulsa Mortgage  information you need to qualify with Chicago garden last thing but not really telling you what we needed and then how much more is my lender to ask for right demerit will pay him the future males in a sound like one arrested another email as for another document so just used and then oh I love this one loan conditions and everything’s underwriters about person so if you think for people that think the underwriters about person were to come to talk about that little bit so what All-Star that the unit I had already diamagnetic so talking about the basic info when we get somebody prequalified and we tell them the radio find a house would come information do we request from them initial information you need obviously aside from the basic

Tulsa Mortgage  birthday social really we work or any income information we need tax returns the last two years when he W-2s to go this accident last two years a month for the pay stubs and then bank statements what else what else missing drivers license our recitals of the car or some other kind of education of the ear you say you are yeah with the verify your And then bank statements to make statements bank statements you that when he banks them for what two months and we have to prove you got enough money they should bring in a down payment we unaware the down payment came from right if so when and what else what else is there was some like other system self-employed what’s another thing I get their tax returns but while I have to get their

Tulsa Mortgage  controversial points to take an average on our income to pay stubs like summary would working on a fire in a salary or anything like that so we have to average their income based on what the reports of virus on a tactic you the street is exactly right and a lot of people that are self-employed will tell the RS they made no money in the Taylor lender they made all kinds of money right so you make sure that you got enough income to be able to report it so that we know how much you make and since yourself black to get an average have to average that soap I’ve got a get tax returns with their width of the corporation of their set up more types transport what if you’re divorced what is your divorce we need divorce decree ironically. What if you pay child support, to create the child support order to say how much you pay or receive right so she say I’ve been receiving child support for you know two years than we got prove that we are per where the child support came from and that it is part of your if it’s part of your income that I’ve got a I really get it what else let’s say that the you file bankruptcy in the past I regular bankruptcy docs let’s say that the you have a judgment on your credit that has been released or hasn’t we going to flat area some kind of proof it so you can see folks how that information can it can can’t grow just based on what as we move along the process we find out other information about you and your file information really really really grow and then the next point is how much

Tulsa Mortgage  more of the alarm companies going there’s never a call you next hour, I think Mr. E is at the office set the alarm off so the second question is how much more is my lender grass were will the survey question, swore stuff regarding right to a report start your things are there that are that are happening out there that we need to know about Weatherby income wise or credit or collections or judgments are what… Tyler just it relates to a target we talked about before but be honest upfront give us everything upfront quit hiding anything that could be vital to your loan even if you don’t think it is vitally alone just tell us I rather be information overload then lack thereof right up into the perfect bar causes and tells us just everything just the littlest bill comes up or I got a go to the doctor tomorrow and if you cost me 1000 bucks might have enough money to close a mouse just tell me about it just disclose it to your to your I got the camera disclose it to your people to your lender because as we talked about in previous podcast to find that out anyways humans will just tell us now so okay so then how much I asked for his is can you depend on how much information is there if you have a much stuff that needs to be explained like letters or don’t want right now we have to have lots of letters reclamation about previous credit and in stuff that’s on there and that’s just part of it so that you’re really get asked for more stuff based on how much stuff you got in that you got X point so the more explaining afternoon the more work it’s probably a good report and then okay this is my favorite one of the topics because it’s is the underwriter a bad person because we hear that almost want to like I tell law officers take blame yourself like tell the buyer buyer borrower that this is your requirement

Tulsa Mortgage  don’t tell its underwriters requirement is that they literally don’t they do they hate underwriter because all you disabled introduces innovative entities that under it and and and then people are left with what you say we’re all why do you need well because it’s required every time I call that the client say the underwriter need something was The their Canadian writer every time he seen a cut Tyler Tyler’s not following my lead when I’m selling him I’m trying to set him up and he’s going all only find one of these he’s like him. A and him like Tyler come on now I need an answer this on the distance can also pick it up so we don’t underwriter dinners on a person in fact there person their human and the quirky understand that and you understand that the underwriters our friend and we want them to help us get you approve not fight them right tell you I put in another mystic statistic and we can hit our statistic button will okay television to long transformer overshadow their transformers or something you with our statistic we put down your our

Tulsa Mortgage  statistic of the underwriter the processor and loan originator are not there to make things harder for you to qualify out and if you’re having that problem fire them. Help call Steven Tyler will make sure that were not the enemies because were here to help you take at least 40 check this out when I close loans I get paid when loans get denied he can’t get approved I don’t get paid so you think I wanted pretty simple element denier we were wanted
Tulsa Mortgage  forever that’s right only rarely so if I can fear Hattaway picture prove that exactly what I am going to do sometimes at the action steps that duties so as to these five that you qualified right is harder but you know you got a bill of buck up and figure that out guys Kevin Crichton says 2.50 that means but I would like to throw 2.5 in your on behalf of Kevin Crichton who thoroughly brother from another mother and so with one of the other things Tyler that we have talked about not only is the underwriter the process from the loan originator not the the enemy but we always have good stories about people that make things harder on themselves. Like what my good lady I’m saying Tyler up six hits and you make a lot harder whenever you gone by new car and process yell we had that Avenue day you just showed up a new cars see house is your on or off when you find $10,000 in a mattress you make a big giant cash deposit in the next day you want to contract in Houston you put thousands money down death and the I have to fix that okay