On this week’s Accunet Mortgage & Realty Show, Brian and David Wickert phone in from opposite sides of the country to discuss the current state of the mortgage world and how the devil is in the detail when it comes to appraisals and income.
Beginning with a discussion surrounding the August 5 jobs report, David gives us the glowing job growth numbers from July before explaining why good news for the economy isn’t always good news for mortgage rates. Then David discusses how mortgage rates can be affected by the economy not only in the US but overseas as well.
Following the current rates available from Accunet, the Wickert duo delves into several stories where even the smallest detail can change how that approval process works. They discuss what can happen when you obtain a low appraisal on a purchase transaction and how certain regulations can cause trouble for homeowners when the appraiser gives an “unacceptable” report.
Income is the next topic on the show where Brian and David explain how self-employment, commission-based incomes and having ownership interest in partnerships typically require additional documentation to conform to regulatory rules.
Listen below and learn how basic knowledge coupled with the Rock Solid Pre-Approval allows Accunet to iron out any of these types of wrinkles ahead of time, creating a more pleasant, streamlined experience for you.
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