Search Site
More Closing Jitters

Receiving your loan approval letter doesn’t mean smooth sailing to the closing table any longer. Fannie Mae has instituted new guidelines that calls for an 11th hour inspection of finances. This strategy was set in motion to counter those buyers who were approved for a loan and then went out and made large purchases on credit. Another concern was to make sure the borrower didn’t lose his or her job. Effective February 1, 2011, Freddie Mac will implement similar guidelines. To keep from experiencing these jitters , make sure you refrain from incurring more debt during this period. A smooth and successful closing will be sure to follow. This New York Times article explains further. Read More

Share this:

Like this:



Leave a Reply

Your email address will not be published. Required fields are marked *

Client Reviews
  • "My name is Emilio. When I was buying my property, I hired Mr William J Reinhardt Jr as my Real Estate Attorney, it was one of the best decision I ever made because he did everything in his power to make sure my purchase was successful. For example, The utilities bills left over by the person who owned the property before me. I said thank you to Bill for not allow me to pay these costly bills." - 5.0 stars | Posted by Emilio Bien Aime | October 1, 2019

  • "Mr. William Reinhardt Jr. is my lawyer for many years. My family and I bought and sold properties with his help and were very satisfied. I recommend Mr. Reinhardt to anyone. I give him a 5-star review." - 5.0 stars | Posted by Diana | September 19, 2019

  • "My husband and I loved working with William. He was very professional, efficient and went above and beyond to help us. We would HIGHLY recommend." - 5.0 stars | Posted by Leeann | September 13, 2019

Contact us

Quick Contact Form