We recently helped a client obtain a mortgage approval after they’d been declined by their bank.
Why were they declined? They were working on a contract basis (not a permanent employee) at the time of application, which didn’t meet the bank’s income requirement. This is not an uncommon challenge.
48 hours after working with the client and lender, he was approved. He’s since been awarded a permanent, full-time contract and has settled into his home. This is a classic case of understanding the client’s story, and targeting the right lender off the bat.
The client was referred to us by a new realtor – this deal became the realtor’s first deal.
A “win” for everyone involved.