Hawaii Real Estate Investing News with Da Real Estate Braddahs

Mortgage Lender Questions in Hawaii

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Video - https://youtu.be/ln3WXZKoEngTop Questions:Can everything be completed online?What is the minimum down payment? Do I get a better rate with a greater down payment percentage?Can I lump multiple properties into one loan?Why do you need so much of my personal information/documentation?How long is my preapproval valid for?  Top Mistakes:Borrower quitting job after starting loan process and NOT giving Loan Officer a heads upBorrower opening up new debt after starting loan process and NOT giving Loan Officer a heads upBorrower signing multiple contracts without consulting with Loan Officer firstBorrower plans out of country vacation in middle of loan processBorrower does not get preapproved prior to signing a contractBorrower buying multiple properties at once with different lenders and does not discloseBorrower does not disclose free and clear propertiesBorrower not being upfront about everything as it relates to their loanNot Seasoning funds (50% of gross income)Start learning about real estate