Realtor Tip: Homeowners Association

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