Eisrael Gomez Realtor - Monterey County Blog

To get that transaction complete, local lenders are saying the traditional full document loans are the way to go.  "Buyers are now looking at a lending climate similar to 5 years ago" said one mortgage broker. 

Here are some tips shared with me in the last few days:

• Full documentation (remove "stated income" from your vocabulary)
• Down payment 5 to 10%
• Have a co-signer ready to assist, should the bank require it
• Using a mortgage broker?  Try contacting a large retail bank direct as a backup

If you have any other's to share, please submit your post or call or email me.  Thanks!

Eisrael Gomez

831-809-8266

egomez@gomezhomes.com