Realtor Tip: Homeowners Association

Realtor Tip: Homeowners Association

From theĀ  Community Mortgage Blog

Realtors Friends! This is a great little tip that could help your lender and clients out tremendously!

Believe it or not Homeowners Associations and their dues play a large part in the qualifying process for your clients during their mortgage.

*Any regularly occurring payment factors into debts in the debt to income ratios.

*Adding any other entity into the document finding process adds to your clients’ timetable.

Realtor: Okay, got it! So what do you need from me??

  1. HOA Contact Information
  2. Property Management Contact Information
  3. Annual Monthly Dues

Watch this quick video to learn more.

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