No Escaping Mortgage Guidelines

November 10th, 2016

brian-martucci-underwriters-referees-mortgage-blogThere’s no outsmarting or escaping the mortgage guidelines upheld by underwriters, no matter how much income or assets the buyer has. The purpose of the underwriting process is to check the loan applicant’s credit, financial capacity, and the collateral. The underwriter’s main purpose is to make sure everything in the application meets the loan’s guidelines that you are applying for, whether that be from Fannie Mae, Freddie Mac, FHA or VA. Read the rest of this entry »

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Buyer’s Guide to Closing on a House

October 27th, 2016

closing-day-buyers-guide-checklist-settlement-day-getloansThis blog assumes you’re at the final steps of the mortgage process. You’ve completed your loan documentation, received your appraisal and title insurance, your loan is approved, and you have scheduled your movers. Now you’re ready for it to be over, but there is more to consider. Settlement day, a.k.a. closing day, can bring surprises and unexpected stress. Spend some time on these final closing details with a couple of tips that I give my clients on how to be prepared for the big day. Read the rest of this entry »

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Sloooooooow Down: Avoiding Mortgage Process Mistakes

June 1st, 2015

brian-martucci-avoid-mortgage-mistakes

Have you ever noticed that many of the mistakes you make in life are made in haste? I look back on all the things I’d like to do over, and most of them were because I was moving too quickly, thinking too fast, talking too fast and in far too big a hurry to get to the next 1,000 things on my to do list. If I would just slow down I bet I’d make a lot less mistakes in life. The same wisdom can be applied to mistakes made in the mortgage process. Read the rest of this entry »

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