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No experience with them. Their google reviews are mixed. What is your mortgage score and do you have an easy file?
Not worth a thing....This is just marketing
Even if they did a SP for your scores, a Mortgage loan has too many variables to factor in to do ligitimate "Pre-Qualified" mailers, and certianly NOT "Pre-Approved" mailers.
Thanks,
These are my tips for FHA qualifying from an earlier post....I hope it helps
This is the 5 simple rules of qualifying for an FHA Mortgage
1. No Foreclosures within the last 3 years (2 years for BK)
2. At least 2 years employment history.
3. DTI no more than 50% of Gross income (total consumer debt + new house payment)
4. FICO scores of at least 620 or higher with no liens or judgments
5. 3.5% of purchase price for down payment. (This can be gifted)
That's it...if you meet the above criteria then you will qualify 99% of the time.... Its that simple.
Thanks,
@me12345 wrote:These are my tips for FHA qualifying from an earlier post....I hope it helps
This is the 5 simple rules of qualifying for an FHA Mortgage
1. No Foreclosures within the last 3 years (2 years for BK)
2. At least 2 years employment history.
3. DTI no more than 50% of Gross income (total consumer debt + new house payment)
4. FICO scores of at least 620 or higher with no liens or judgments
5. 3.5% of purchase price for down payment. (This can be gifted)
That's it...if you meet the above criteria then you will qualify 99% of the time.... Its that simple.
Thanks,
so what happened in the other 1% of people that met those 5 rules? Why were they denied?
@Spider07 wrote:
@me12345 wrote:These are my tips for FHA qualifying from an earlier post....I hope it helps
This is the 5 simple rules of qualifying for an FHA Mortgage
1. No Foreclosures within the last 3 years (2 years for BK)
2. At least 2 years employment history.
3. DTI no more than 50% of Gross income (total consumer debt + new house payment)
4. FICO scores of at least 620 or higher with no liens or judgments
5. 3.5% of purchase price for down payment. (This can be gifted)
That's it...if you meet the above criteria then you will qualify 99% of the time.... Its that simple.
Thanks,
so what happened in the other 1% of people that met those 5 rules? Why were they denied?
Just like everything else, nothing is "Sure" thing, especially when it comes to Mortgage Pre-qualification... But meeting the above requirements is as close as you can get.
I've had cases where they met the above requirements, but had not filed tax returns, or where they have filed tax returns, but not paid the liability, or just have other credit issues where we could not get an AUS approval.... Nothing is guaranteed, but 99% is still good.
Thanks,