Company News

Case Study 05.31.17

May 31st, 2017 10:14 AM by Andrew Liu DRE: 01109246 NMLS#249736

Case Study 05.31.17

Often a borrower does not have enough of an income to qualify for a loan amount that they need to purchase a home.  Under most of situation:  They would have to either put down more of a down payment or purchase a less pricey home.

However, that would be a tall order since home prices in the San Francisco Bay Area seem to be going one way only which is UP!

We recently helped a client of ours with this type of income issue.  Incomes, from the husband and wife, were a bit shy of debt ratio which was required to qualify them.  However, we realized that he has an aunt who was willing to them help by adding her name as a co-borrower on the loan application.  

By adding her income, we successfully qualified the borrowers and they finally, the first time in their lives, they were able to purchase a house that they can call home.

Posted in:General and tagged: Case Study
Posted by Andrew Liu DRE: 01109246 NMLS#249736 on May 31st, 2017 10:14 AM

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Pacificwide Lending

CA License #01762647 NMLS#241222, TX License #241222, FL License # MBR 3291

7041 Koll Center Pkwy Ste 270 Ste 270
Pleasanton, CA 94566