Please email your buyer scenarios to Jeff Lazerson by clicking HERE or call him at (949) 322-8640 and let’s see if we can solve your loan approval challenges!
Week of 4/22/17:
Daughter quits her job to take care of her mother who has a terminal illness. Mom eventually passes.
Daughter and her two siblings inherit moms home.
Daughter needs to refinance and pull cash out to pay siblings their share of the estate but can't qualify.
She goes back to work. Fannie, nor FHA will take her income because the job is too new.
She receives a non-QM (qualified mortgage) loan that accepts the new job.
Loan funds! Siblings get paid off.
Jeff Lazerson - Mortgage Columnist since 2011