provide three mortgage options for the following borrower describe what program and products you might present and why these sections best meet the consumers need your customer is a married o 4 marine corp aviator with 12yrs of service he and his spouse are under contract to purchase a two family property in Colorado springs, CO. the buyer intends to live in the seller's unit the other unit is rented for $1650 the buyer has never owned rental property the buyer has used his VA entitlement once before that loan was paid and the property sold the purchase price is $475,000 and the buyer has $22,000 in their checking account no other asset his credit score is 699 his wife's credit score 723 she is not currently employed they have an auto loan $375 and student loan $275 monthly the buyer is certain they will move after three yrs and will likely sell the property at that time but might keep it determine what financing option appear best suited to the buyers needs and present them with three option for which they can qualify

provide three mortgage options for the following borrower describe what program and products you might present and why these sections best meet the consumers need your customer is a married o 4 marine...

provide three mortgage options for the following borrower describe what program and products you might present and why these sections best meet the consumers need your customer is a married o 4 marine corp aviator with 12yrs of service he and his spouse are under contract to purchase a two family property in Colorado springs, CO. the buyer intends to live in the seller's unit the other unit is rented for $1650 the buyer has never owned rental property the buyer has used his VA entitlement once before that loan was paid and the property sold the purchase price is $475,000 and the buyer has $22,000 in their checking account no other asset his credit score is 699 his wife's credit score 723 she is not currently employed they have an auto loan $375 and student loan $275 monthly the buyer is certain they will move after three yrs and will likely sell the property at that time but might keep it determine what financing option appear best suited to the buyers needs and present them with three option for which they can qualify

Answered Same DayAug 29, 2021

Answer To: provide three mortgage options for the following borrower describe what program and products you...

Sumit answered on Aug 29 2021

148 Votes

The three Mortgage Options Available to the borrower are:
(a). VA Loan: Since the customer is a former marine corps veteran with over 12 years of experience, he can avail the mortgage offered by the Department of Veterans Affairs. Since these loans are backed by the government, they have very generous terms with respect to no down payment required, no mortgage insurance, limited closing costs and Easier Credit terms (no...

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provide three mortgage options for the following borrower describe what program and products you might present and why these sections best meet the consumers need your customer is a married o 4 marine...

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