Remove Brokerage Remove Pre-approval Remove Real-estate owned
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What Are The Best Mortgage Options for Self Employed Borrowers?

Rochester Real Estate

The more assets you have, the stronger your application will be making it easier to get an approval. Assets to be verified include bank statements, 401k and other retirement accounts, stocks or brokerage account statements, real estate owned and any other significant assets. Most have no pre-payment penalties.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. Pre-approval. However, your clients need to know the difference between pre-approval and prequalification (see below). Related Article. Prequalification.