Realtor Tip: Homeowners Association
From the 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??
- HOA Contact Information
- Property Management Contact Information
- Annual Monthly Dues
Watch this quick video to learn more.