Karina Ogo - LendUS

10/08/2018

Finally, a home financing option that's as reliable as cash! Ask me how our Advance Approval® program could help you!

10/04/2018

Our clients found a perfect HUD-owned property in need of repair and planned to use an FHA 203k loan to cover their mortgage and the cost of renovations. But, once we started digging into the home’s history, we learned that the previous owner had not received a certificate of occupancy, a requirement for our clients to be able to use the loan they wanted. They needed to either choose a different type of loan that didn’t work as well for them, or walk away from the deal. We got our in-house team of experts involved and negotiated a certification that replaced the certificate of occupancy. The city and FHA approved – giving our clients the green light. They got the home and are now busy getting it ready to move in.

09/27/2018

Pre-approved by another lender, our clients were searching for the perfect investment property to add to their portfolio. They felt confident that they’d get fully approved so, once they found a home that checked all the right boxes, they submitted a strong non-contingent offer and put down a $30,000 deposit. But the couple was denied two weeks into the deal because their debts were too high to qualify for the jumbo loan they needed. They went back and forth with the lender to try to find a solution but, with their deposit on the line, ultimately decided to give us a call. We immediately recognized that we had a niche product loan that would allow us to work outside the box to get them their home. Less than three weeks after coming to us for help, our clients were ecstatic to close on their investment property and continue their pursuit of financial freedom.

09/20/2018

As the sole caretaker of two special needs children, our client was looking for a larger, more comfortable home in a better part of town. She was thrilled when she found her ideal property, made an offer and it was accepted. But a week into contract, another lender told her that she had too much debt and couldn’t qualify for the loan that she was previously quoted. In tears, she called us for help. We sprang into action, reviewed her documents and developed a plan. Our priority was to match her with a down payment assistance program that allowed her to use the cash she had saved to pay off her debt instead. Combined with an FHA loan, it was exactly what we needed to make it work. Our client is now the proud owner of a home that is perfect for her and her two boys.

09/13/2018

Our recent borrowers had been looking for their perfect home for a while and were excited to finally find a new construction condo that they loved. But when there was a breakdown in communication between the condo developer and the appraiser, we weren’t sure we’d be able to close on time. So with hours to go, we got everyone on board to help. We worked throughout the day and into the evening, determined not to have to ask for an extension. Final word came through around 6:30 p.m. and our clients were in the office at 8:00 a.m. the next morning to sign the papers for their dream home.

09/10/2018

A couple was making a move across the country and planned to use an FHA loan to purchase a new home. They wanted to leave the husband off the mortgage due to his low credit score and commission-based income, which would be difficult to verify. Still, because it was a community property state, we were required to measure his debts against his wife’s income, which ended up putting her over the ratio limit and threatened to disqualify her for the loan. Thankfully, due to the quick thinking of our team, we found a solution. We lowered the couple’s down payment from 12% to the FHA minimum of 3.5%, freeing up a considerable amount of cash that they then used to pay off their car loan. This not only bettered their debt-to-income ratio, but lowered their monthly expenses. We got the deal closed and the couple is now enjoying life in their new home and community.

09/10/2018

Is the down payment keeping you up at night? Rest easy: We're about to debunk some myths that may have misled you about this crucial step of the home-buying process.

Is the down payment keeping you up at night? Rest easy: We debunk some myths that may have misled you about this crucial step of the home-buying process.

09/10/2018

Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will the next economic slowdown cause prices to crash?

Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash?

09/06/2018

Referred to us by their close friends, our recent borrowers were upset about being denied by their previous lender two weeks before closing – costing them the house and their deposit. When we met, we learned that the other lender denied the couple for a VA loan due to eligibility requirements and a short employment history. What the lender didn’t seem to know was that there had been recent changes in eligibility limits, which allowed them to qualify. In addition, though the husband had retired from his job of 20 years, he had recently taken a new position with nearly all the same responsibilities. So his time with his new employer was short, but he showed a long history of employment in the same type of work. Overcoming that last hurdle, the couple moved forward with making an offer on a home they liked even more than the first one, and we closed their loan without a hitch.

09/05/2018

Getting ready to write an offer? Let's go over the five most common contingencies that buyers use so that you can go into the process feeling informed.

09/04/2018

After we met at an event a year earlier, a couple came to us ready to accept an offer on their current home and get into contract on a larger one. But, two weeks before the closings, we learned that the buyers of their current home had their financing denied by another lender due to insufficient income. Our clients needed the sale to be able to afford their new home and were heartbroken that they would likely lose out. In an effort to get both families the homes they loved, we stepped in and offered our services to the buyers. Once we took a look at their file, we found income that had gone unreported in their 2017 tax returns. With an extra $5k to report, we were able to approve their loan and move forward with both purchases. Thankful that we could save the deals in time, both families are now happily living in their new homes.

08/30/2018

A disabled veteran and his wife were set to relocate to a new state after she landed a residency at a local hospital. They attempted to get pre-approved with another lender, but were told they needed to live in the state with her working for at least a month before applying. Worried they would have to move their family of six into a hotel while they waited, they came to us looking for a second opinion. We reviewed their file and found there would be no need to wait if the husband could qualify on his own for a VA loan. We crunched the numbers and were able to qualify him at an amount they were comfortable with. In the end, the couple closed on a home a week sooner than expected and had time to settle in with their family before the wife started her new job.