Realtors Friends! This is a great little tip that could help your lender and clients out tremendously!
Believe it or not Homeowners Associations and their dues play a large part in the qualifying process for your clients during their mortgage.
*Any regularly occurring payment factors into debts in the debt to income ratios.
*Adding any other entity into the document finding process adds to your clients' timetable.
Realtor: Okay, got it! So what do you need from me??
1. HOA Contact Information
2. Property Management Contact Information
3. Annual Monthly Dues