Amerifirst Site Manager

We know you are over it…seems like no matter where you turn these days there is a request for more paperwork. Ever get one of those unreasonable requests to remember the last time you paid a bill in 1979 (maybe that is exaggerating it a bit), but we get it. Let’s be honest, when you are looking for a new home you have to work to find the house, then work to finance the house.

It can all seem like such a hassle, and with recent tightening in the credit markets paperwork is even more important today than ever - there’s no denying it. HOWEVER, we don’t make the process detail centric because we are sadists. Actually, we want the details to PROTECT you and your loan.

How does asking for things such as detailed copies of your income tax statements and outstanding loan balances protect you? Think back three to five years ago when a new crop of “lenders” joined the mortgage scene.

These “medicine men” peddled some magical loans that didn’t require a lot of due diligence and just about anyone qualified for a mortgage – even when some really should have continued renting. It was easy (or so they thought)! No more having to provide proof of employment or other loan balances to obtain a mortgage—you want it, you got it!

Well…flash forward to today and the majority of those “get a loan quick and easy” borrowers are in foreclosure. Their “lender” didn’t protect their best interests by not asking for necessary documentation, analyzing their situation and making recommendations for the best loan to make their needs. It’s not that we like saying “no” to borrowers, but we don’t want to put you in a loan you cannot afford – that’s not good for either of us long-term.

So while you are fishing out paperwork and perhaps cursing our name under your breath, keep in mind we do this to keep you safe and in your home. We want both of us to look back at this transaction a year or two down the road and make sure that we’re both still happy we did it.

Want to know more about what we do to keep you and your loan safe? Call us at 800-466-5626 or you can contact AmeriFirst online. Either way, we look forward to hearing from you soon.

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