When Your Mortgage Loan Officer goes the extra distance for Your Clients. It should not be a novel
experience or just once in awhile occurrence because good mortgage officers are out there. However,as a North Kingstown Realtor, I have found that Don Armstrong and Cheryl Hodgdon are amazing at Shamrock Financial in how they go the distance for clients that just 'have some credit issues'. I will ask them "do you think you can do something for this couple to get them the house they want?" and deserve...especially first time home buyers who are new to this process.
They just weave their magic and work so well to see what they can do to help the clients repair their credit, address problem issues with credit and get them a loan that works for them within the right borrowing limits for the clients. I am just so impressed with the effort they have made with my last clients, I had to share it.
Little did I know nor did one of the clients, that the charge-off the client had out there even existed. After moving a couple of times a bill didn't catch up with them and was charged off. So when she paid it off and the company assured them that they would notify the credit bureaus they assumed her credit score would be positively effected. Lo and behold it worked against the client and dinged her FICO score for paying off the charge-off ...my client's credit score was under acceptable limits by one point! We should have waited until after closing to pay it off...who knew...now I know!
Don and Cheryl put their thinking caps on and with an increase in the clients contributing down payment at closing to a higher dollar amount (which they could do with some juggling), they could get the mortgage. These clients are buying their first home and wanted to get a conventional mortgage- that was their goal or they would not buy. So now it is a waiting game on this house offer. As my clients, they are satisfied that they can buy a home even if this one does not come to be.
Without good partners on the lending side, it would be a tougher road to follow and deliver the starter house to younger buyers especially. My goal as a North Kingstown Realtor is to help my buyers in whatever way I can to achieve their home buying dreams and sometimes it takes many months to straighten out the credit issues...but it is so worth the glow on their faces to see the American dream come alive again in their buyers' eyes. What would we do as a real estate industry without true great partners! When Your Mortgage Loan Officer goes the extra distance for Your Clients.
Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well. Waterfront, water view, ocean front, luxury and coastal RI real estate are her specialty, so call Ginny for your buying and selling home needs. As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if you are having trouble paying your mortgage. When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.
This blog © and its contents is original to Ginny Lacey Gorman
Ginny L. Gorman a purveyor of Fine Waterfront RI Real Estate
Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich, Westerly RI and beyond ... I sell dreams! because there is no place like home...the RI Realtor in the Sparkly Red Shoes.
Looking for a terrific Rhode Island Realtor? Let me GOOGLE one for you!
cell: 401.529.7849 office: 401.884.4100 ext.268 Ginny Lacey Gorman, Realtor