MortgageCast #9 | Homebuying Strategies

Day 1 Certainty, Layered Risk and TBD Approvals

Being a home buyer in the current market can be challenging. Luckily we have tools, resources and strategies to be sure our clients have the best chance of securing a home and mortgage.

It's been a bit since the last MortgageCast was released but Erin the Expert dives deep into the tools and strategies she uses to make sure her clients have the best shot at buying the home of their dreams. This one is a bit longer but there are many important concepts to be learned. The mortgage business is ever changing and technology is advancing rapidly so being aware of it and knowing how to leverage it is an advantage Erin and her team have over other mortgage lenders. When you're ready to start the home buying (or refinance) process be sure to reach out to me directly.

by Erin the Expert

Day 1 Certainty (D1C)

What is Day 1 Certainty?
Fannie Mae D1C video
Getting pre-approved
3rd party validation
- Verification of assets (VOA)
- Verification of deposit (VOD)
- Verification of employment (VOE)
Mortgage documentation
- Bank statements
- Paystubs
- W2s
- Tax returns
- More info
Appraisal waiver

Layered Risk

Manual underwrite
Restructuring
Automated approval system
Gift funds
Condo approvals

TBD Approvals

Additional Resources

Greenway's $100 Down Payment Mortgage with Renovation Financing
[VIDEO] Q&A with ETE (FB Link)
[VIDEO] 5 steps to mortgage qualification (FB Link)
(BLOG) Why Pre-Approval Should Be Step One for First-Time Home Buyers
Get pre-approved: ecarvelli.greenwaymortgage.com/prequalify
Mortgage payment calculator
Erin's mobile app: ecarvelli.mortgagemapp.com
- With an on-the-go payment calculator and pre-approval request
- Or text: ETE to 36260
Website: smt.greenwaymortgage.com
GreenwayMortgageAtTheShore on Facebook.
GreenwayMtgSL on Twitter
LinkedIn: Erin Carvelli

Are you a first time home buyer?

Consider downloading our FREE homebuying guide specifically for those new to the process. It's packed with useful information, checklists and tip sheets to get you off on the right foot.