Friday 25,2010

It has always been important for our borrowers to make sure that their financial situation does not change while we process their loan. With new rules from Fannie Mae it is even more important. Now we have to make even more of an effort to insure this (even possibly a new credit report just before closing). The problems associated with new debt or possibly lower credit scores are too numerous to spell out here. Of course the worst thing that could happen is that suddenly the loan could not be negated. Talk about disruptions. Especially if there is more than one closing hanging in the balance. So I am asking everyone in the process to push for the result we all desire. An uneventful closing.