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Benjamin Pack

NMLS ID 632031

801-912-8484 bpack@boemortgage.com

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Credit Do’s and Don’ts in the Mortgage Approval

Credit Do’s and Don’ts in the Mortgage Approval Process While pre-approval allows buyers to know how much they are qualified to borrow for a new home before they start shopping, and it can speed up the mortgage application process once they find a home they like, prospective homebuyers need to keep in mind that pre-approval is not final approval. Events and decisions affecting a borrower’s financial profile that occur after pre-approval but prior to closing can determine whether or not the loan is ultimately approved. Especially now, as the mortgag...

June 10th, 2018 | Down Payment, First Time Homebuyer, Purchase Loans, Pre-Approval, Reverse Mortgage, VA Loans, The Alpine Team, Credit Do’s and Don’ts in the Mortgage Approval

The Alpine Team Home Loan Approval

Over the years, the term “pre-approval” has had many different meanings to lenders, real estate agents, and customers.  Today, with stricter banking guidelines, it has narrowed greatly and has a true definition.  To be pre-approved means that both the credit and the income of a potential borrower has been verified and reviewed by the mortgage professional.  This means the customers’ income documentation has been input and into a bank’s mortgage origination system to correctly calculate, in detail, the monthly income of that customer.  In the past, th...

February 17th, 2018 | Pre-Approval, homeloan, thealpineteammortgage, Purchase Loans, Down Payment, Reverse Mortgage, The Alpine Team, The Alpine Team Home Loan Approval

The Alpine Team cares about our Seniors

We are a member of the National Reverse Mortgage Lenders Association (NRMLA). Our Reverse Mortgage Counselors adhere to and maintain standards and a code of conduct that are aimed at protecting the interests of the senior community and their families.   We realize that although Reverse Mortgage products can be an excellent financial solution, they may not be the cure all for your financial needs.   Our customary methods in terms of consumer safeguards for senior citizens include:    A personal, one-on-one consultation with an expert Reverse Mortgage C...

July 17th, 2016 | Reverse Mortgage, Purchase Loans, Down Payment, homeloan, thealpineteammortgage, The Alpine Team, The Alpine Team cares about our Seniors