Realtors, Are you losing potential clients?

Are you leaving money on the table?

There may be some options, just because a bank or lender has turned down your clients for financing doesn't mean there are no options.  I have been doing this for a long time and it has been my experience a lot of times that a client will go to their bank for financing, if they are turned down that is sometimes the end of it.  They don't seek out other options.

There could be all sorts of reasons that they were turned down.  It could be something small like the lender won't consider interest only payments on one of their debts.  There are so many different lender rules out there.  Did you know there are 3 insurers which allow the insuring of mortgages beyond 80% on the purchase of a borrowers residence?  1 of these 3 might have declined the file and they may not have access to the others.  I do. 

Basically, what I am saying is that I have access to all sorts of lenders as well as all 3 of the insurers.  Don't get me wrong, my lenders have rules also but it my job to figure out which set of rules the clients fit better under.  I will work to ensure that all of your clients options have been exhausted before giving up on your file.  I want to get that deal done just as bad as you do. 

If for some reason I cannot get your client approved I will work with them to get their credit and finances in order.  I will come up with a plan to put them on track to purchasing again.  Once they are in a position to purchase a home again I will gladly give you the clients along with a pre-approval so you can make the sale. 






All I am asking for is to take a look at your turned down clients.  It is a win - win for everybody.  I am hopefully able to find financing and we get paid.  Huge plus for the clients, they get their house.