Episode 2: Overcoming Obstacles
Craig Reynolds joins me on episode two of the Peter Dellane Mortgage Show to go over loan products, common obstacles that your lender can help you with, and more.
Welcome to episode two of The Peter Dellane Mortgage Show! Craig Reynolds is back to talk about some of our loan products and how we managed to close on a few different properties. Each property came with its own set of issues—and some of these issues weren’t introduced until seven days before closing—but we managed to close each one.
We’ve time-stamped a few highlights of our discussion so that you can forward to the parts that interest you most:
(0:30) Craig and I discuss the details of our 1% down conventional loan product, which is available on the wholesale side.
(2:00) True or false: Do you really need a well and septic inspection when you use an FHA loan to buy a property?
(3:00) Overcoming issues with closing on a 40-acre, REO farm property—how we got the borrower approved.
(4:00) Two different condos had litigation issues, and one needed HUD-approval. We helped the agents and the buyers make it to the closing table.
(7:00) How one tweak to a loan helped a borrower close in a couple of weeks, after a credit union failed to help them.
(8:00) If you want to know what someone owes on a home before going on a listing appointment, what can you do?
To hear our full discussion, watch the video above.
If you have any questions for a Mortgage broker, please don’t hesitate to reach out to us. We would be happy to help you!