Home for the Holidays
Posted by: Greg Fischer Post date: December 15th, 2009Helping New Hampshire families find the mortgage they need to buy a home is what we do. Sometimes it’s the “tough ones” that really make the day.
Yesterday, I sat at the closing table with a couple I’ve known since high school, and have been working with on mortgage financing for a little over 2 years. The timing was never quite right. Guidelines have been changing, requirements getting tougher, life getting in the way. At last they found the house they wanted, at the price they needed, and everything seemed to line up in October. That’s when the challenge began.
Lender 1 didn’t like the way we had calculated their income. Since we we using a loan program that had an income limit (and they thought we were over that) they denied us.
Lender 2 bent over backwards (and frontwards, and sideways) to help get the income documented to the nickel, and approved it. But challenges with documenting other things dragged the approval/closing process out for WEEKS. It was never easy. But in the end, they are homeowners. Thrilled and delighted homeowners.
I was confident from the beginning that there WAS a solution. It just took a great deal of finding. If I didn’t have the resources I do for accessing multiple loan sources, even with their own quirks and challenges, and the experience to know what solutions to seek and how to apply them, this purchase might never have happened.
I’ve attended a number of great closings with appreciative homebuyers – but yesterday was a first for me. When we were done, we had all stood and were shaking hands, he told me “I know that the only reason we’re here today is because of everything you did, Greg. I am positive that nobody else could have gotten us this far.”
Sometimes the tough ones are the best ones.
