Near Miss Loan

What is a Near Miss Loan?

A near miss jumbo loan, aka a big bank turndown, is a subtype of jumbo loan which is designed for individuals who need a large sum to purchase a home because they do not have the cash available at hand. A near-miss jumbo mortgage is considered a non-qualified mortgage (Non-QM) loan.

This type of alternative loan also includes asset-based mortgages which are recommended for high-asset borrowers and bank statement loans for self-employed borrowers. Non-QM loans are not required to comply with the Consumer Financial Protection Bureauโ€™s standards for qualified mortgages.

Near Miss Loan Key Points

  • More comprehensive borrower profile
  • slightly lower FICO score required than traditional loans
  • No mortgage insurance
  • Contact us for Credit Score and DTI ratios requirements
ย 

Get answers

Poll time. Are Beauโ€™s ray bans real or fake? AND, are you starting to see home prices decrease? 

Comment below โฌ‡๏ธ 

rayban ๐Ÿค“
sarahallenrealtor finally gets chance to talk with Greg about his GENIUS idea to replace her. it does not go well for the_lending_squatch 

sarahallenrealtor 
the_lending_squatch 
beau_thesocialtitlerep 
๐ŸŽฅ stay_mental 

#thesoloagent #realestatehumor #kingkongaintgotshitonme
โ€œWell, you know what I meanโ€

๐Ÿก

#shorts #thesoloagent #uganda #prescottarizona
In this episode, we decided that Sarah canโ€™t be replaced and Greg still thinks Beau went to Uganda to help the babies.

๐Ÿ˜‚

#realestatehumor #prescottrealestate #arizonarealestate #thesoloagent #arizona #prescott #realestatetips
This week during the Solo Circle we discuss some important things to remember about when we move and make changes in our business. 

As you wind down for the day, sit back and enjoy this discussion. We hope this helps. See you soon!

๐ŸŽฅ stay_mental
This was back dated to late March when interest rates had increased to 4.5%, but the information in this video is still relevant - if not more relevant - with the recent spike in interest rates. Theyโ€™re now sitting between 5.375% - 6%. 
.
As a Buyer, your buying power might have gotten a little stronger even though interest rates increased. The recent change left many Buyers unable to continue home shopping which lowers the Buyer pool in our area. As a Seller, you have to be smart about how you list your home. You will no longer see wild offers exceed list price by thousands and thousands of dollars if they're financed Buyers, so be smart about how you list your home for the next month or two. 
.
Keep in mind that the best week to list your home is coming up, and you need to be smart about your marketing strategy, price, and negotiating power when you have Buyers knocking on your door. 
.
#InterestRates #RealEstate #TheSoloAgent #SoloAgent #SoloCircle #PrescottRealtor #PrescottRealEstate #PrescottAZ #ArizonaRealtor #ArizonaRealEstate #Mortgage #Lender #ArizonaLender #PrescottLender
Breaking down last week's show...

It's easy to jump on a trending topic, but what does it mean for you and your exposure on social media? 
โžก๏ธAlways remember to stay within your niche, even when you're using trending audio or trending events in the world. 
โžก๏ธUtilize the hype to get your message across to your consumer. In this case, we were trying to make our audience laugh, and we were successful. However, if you can't clarify the exact response or message you want your audience to receive, think twice about jumping on the latest trend. 
โžก๏ธBranding is just as important as using trending audio and/or topics. Your brand is more than your logo. It's the way you want to be perceived in your industry and/or community. How you show up on your social media platform should be consistent with your everyday presence. Be consistent, be present, and send the message you want heard by your audience. 
.
.
.
#TheSoloAgent #SoloAgent #BrandingandMarketing #Marketing #SocialMediaMarketing #PrescottRealtor #RealtorTipsandTricks #RealtorTips
I always get excited to see my For Sale sign up!#LindaOne.com#homesmarticarerealty#Listingagent#TheSoloAgent

contact