My New Blog

Do you know someone who was just turned down for a mortgage?  Perhaps I can help.

Many Retail Lenders and Banks have guideline overlays which limits the debt to income ratios, credit scores and many other guidelines.  And, there are times when they will take complicated self-employed borrowers and figure the income incorrectly. 

Many buyers have been told they are pre-qualified and entered into a contract on a home, only to be told "I'm sorry you do not qualify for the loan".  Now they and their Realtor are scrambling to find someone who possibly can help. 

Fortunately, Mortgage Brokers have a variety of wholesale lenders and credit unions, and a wide variety of programs to chose from which allow for higher debt to income ratios because of no overlays in the guidelines.   We also know how to calculate self-employed tax returns properly and have direct contact with underwriters who are only a phone call away for any additional clarification, up front. 

Some of those buyers find my website and contact me.  I have been able to help lots of buyers who were denied a loan by a Bank or Retail Lender, and I am able to get those borrowers approved and fund their loans quickly.  

What do you have to lose?  If you find yourself or your buyer in this position, give me a call.  Let's see if I can help.  941-504-1445 or check out my website:

Posted by Sherry Bitner on December 26th, 2018 12:48 PM

I have had a number of calls from loan originators who work for Retail Lenders or Banks who have loans they cannot get approved.  I have been helping them with ideas on how to get the file approved or else they are referring the loan to me because I have lenders without guideline overlays, or other loan programs, and even private lenders, that meet the borrowers' needs that they do not have access to, since our company is a Mortgage Broker. 

I have also heard from Realtors who are having issues with their buyers loan being turned down and I have been able to help some of those buyers as well. 

If you have something falling apart, please feel free to give me a call, Sherry Bitner, 941-504-1445, or visit my website:   I will certainly be glad to talk with you and see if we can put our heads together for a solution.  After all, it is the time of giving, so let's work together to help a few more dreams come true this Holiday Season!

Posted by Sherry Bitner on December 6th, 2018 1:19 PM

I recently have had a few retail lenders refer me clients who were not qualified for Conventional and FHA loans (Prime Loans) who were self employed.  They referred them to me because they needed a Bank Statement loan to prove income.

What are bank statement loans you ask? 

These are perfect for the self-employed that do not report all their income on their tax returns. 

The bank statement loans require 12 or 24 months of either personal or business bank statements.  Income is derived from deposits into these account rather than using pay stubs or tax returns.  They require a 10% down payment and the rates are about 2% to 3% over the conventional rates.  They are a 30 year term loan that is fixed for the first 5 years and then roll into a one year adjustable, or for a little higher rate, you can get the term fixed for the entire 30 years. 

For more information on how bank statement loans work, please give me a call, text, or email. 

941-504-1445 - Cell/Text

Posted by Sherry Bitner on November 1st, 2018 1:16 PM