Comments on: Money in the Bank http://mcarforum.com/2008/10/money-in-the-bank/ MCAR Blog & Forum Mon, 28 Sep 2009 21:14:11 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: galencall http://mcarforum.com/2008/10/money-in-the-bank/comment-page-1/#comment-84 galencall Thu, 13 Nov 2008 17:46:26 +0000 http://mcarforum.com/?p=47#comment-84 Joe you are absolutely correct. Yes Virginia there is a Santa Clause; there is money to loan! Purchase money or refinance money will require however to be first approved by Fannie Mae or Freddie Mac. Fannies DU approve/ eligible status or Freddie’s equivalent Loan Prospector approve/ accept status is what you need. This underwriting approval sets the borrower free to all sorts of Bank platforms and their programs for either FHA or non FHA conventional or jumbo financing. There is money to loan and yes qualifying has changed and on many levels changed for the better. When a borrower is held accountable it requires education to learn how to measure up to the new standards of lending. I will start with credit scoring and can tell you we have been quite successful in assisting potential borrowers improve those scores where necessary, ethically and affordable. They move on to make that purchase. Galen Call, CMPS® Mortgage Planner Treehouse Mortgage Group 451 Washington Street Monterey, CA. 93940 direct: 831.645.1164 fax: 831.643.1161 galen@treehousemortgage.com Joe you are absolutely correct. Yes Virginia there is a Santa Clause; there is money to loan!
Purchase money or refinance money will require however to be first approved by Fannie Mae or Freddie Mac. Fannies DU approve/ eligible status or Freddie’s equivalent Loan Prospector approve/ accept status is what you need. This underwriting approval sets the borrower free to all sorts of Bank platforms and their programs for either FHA or non FHA conventional or jumbo financing. There is money to loan and yes qualifying has changed and on many levels changed for the better. When a borrower is held accountable it requires education to learn how to measure up to the new standards of lending. I will start with credit scoring and can tell you we have been quite successful in assisting potential borrowers improve those scores where necessary, ethically and affordable. They move on to make that purchase.

Galen Call, CMPS®
Mortgage Planner
Treehouse Mortgage Group
451 Washington Street
Monterey, CA. 93940
direct: 831.645.1164
fax: 831.643.1161
galen@treehousemortgage.com

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