Mortgage Grader

Please email your buyer scenarios to Jeff Lazerson by clicking HERE or call him at (949) 322-8640 and let’s see if we can solve your loan approval challenges!

Week of 3/11/17:

Purchase borrower has $390,000 in the bank on top of his $175,000 income.

Ratios are too high to qualify for his $704,000 priced property.

He's not 59 & 1/2 so we can't do an IRA pull to add income.

Solution is asset depletion program from portfolio lender that can justify income from the $390,000 in savings.

Loan gets funded. All is good with the world!

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Jeff Lazerson - Mortgage Columnist since 2011