Agents' Mortgage
Solutions, Inc.®
a FHA Approved
Lending Institution
A United States
Department of Agriculture,
Fannie Mae, and
Freddie Mac
Lending Institution
615-373-1980
800-207-2954
This page is Under Construction.
Documentation:We're sure you have heard the phrase: "Innocent until proven guilty" on TV and in the movies. That phrase simply does not apply in the home lending business. If you want a home loan, the institutions that will lend you the money (lenders) expect you to document that you are the kind of person that will act responsibly and pay them back. Dishonest individuals have misused the system (committed fraud) and imposed a cost on the honest people by convincing lenders that they should check and double check everything before lending anyone any money. Lenders have learned that most honest people are quite willing and able to document the fact that they are honest.
Fraud is the enemy of the firms that lend money. One of the best protections against fraud is a process where several different people verify that information is correct (not fraudulent) and accurate.
Personal Identification: Recent changes require you to show identification (with photos) at closing. This is done to simple prove that you are who you say you are. Stated another way, that the person signing the documents at closing is the same person referred to in all the documents.
Credit Report: Your track record in paying your bills in the past is one of the best indicators of your ability and willingness to pay your mortgage in the future. Credit reports are by their nature verified by third parties (your creditors). If you've been able and willing
Rent of Mortgage Payment History: Your track record in paying your rent of mortgage in the past is also an excellent indicator of your ability and willingness to pay your mortgage in the future
Employment History: Another indicator that lenders use to statistically predict your ability to pay your monthly mortgage payments is the amount of your monthly income and the stability of that income.