TONY MARTINEZ

you've got your approval letter and you've written up an offer that was accepted. The loan officer has done his or her job and have collected all the data..The file goes to underwriting and guess what>>>>It gets shot down...

This is a scenario that is happening all over the country. The banking system as gone from giving away money to making it super difficult to get money. Were not talking about folks with low credit scores were talking about folks that have good 620 and above credit scores and money in hand to make there purchases. I have been shot down twice by underwriters because they are afraid to make a move..I say "AFRAID" because i do a lot of business. I am not an agent who does business part time. The guidelines are being so scrutinized that every underwriter is being conservative.

How do you get around all that. It starts with asking all the right questions. having the LO (loan officer) ask all the right questions..I have developed a "buyers book" that is filled with over 100 pages of information. This is done to help educate the buyer. I do buyer interviews before I even go and show them a home. I have them visit with a lender to get all there information to the LO at one time.

Take time to help your client or buyer get through the process. in the end everyone wins..

http://www.tmartsellshomes.com

Both the house and the senate passed the extension of the home buyer tax credit. The President should sign the bill later today to make it official. NAR has a link to some questions you may have...

http://www.realtoractioncenter.com/realtor-party/documents/2009-NAR-FAQ-Tax-Credit-Changes-1105-1236.pdf

If you are a new home buyer and or have owned your home for 5 years or more...your in a good position. Please check out the link above and if you find that you are eligible, I am here to help buy, build or sell your home....

http://www.tmartsellshomes.com

Hello my fellow bloggers...We need golfers for our annual Children's Miracle network golf tournament..If you live in the San Antonio area and are interested in playing email me at Tamartinez@remax.net. I will email you an entry form.

This is a great cause. That helps the local CMN hospital Christa Santa Rosa.

it looks like the senate has voted to extend the tax credit until April 30th, 2009. This is good on several levels. One, if you thought about buying a home this is your last chance to get into a new home and still get a tax credit. Two, if you have owned a home in the last five years you can move up and get a tax credit of $6,500. If your looking to buy or sell a home. Your are all now sitting in the drivers seat.

http://www.tmartsellshomes.com

Buying a home starts with the approval from a lender. You need to find out what your buying power is. Because I list a lot of homes. I do get calls. About 80% of those calls are from buyers wanting to know how much will the down payment will be or what the monthly payments are. The is the first clue of many that the buyer is not qualified. Those same folks, I can tell are a little embarrassed that they don't know were to begin. I explain that The lender needs to know what your buying power is. This is also helpful for you. You may be renting or use to renting and just ask what the rent is and go from there.

Buying a home is different. It requires that not only your credit is checked. But you also have to have the down payment. FHA requires 3.5% of the sales price as a down payment. FHA is the least of the programs out there that requires the least of a down payment and the most popular. The only other program that requires less is VA. VA requirements are that you must be a veteran and a 0% down payment is required.

These are just a few of the programs out there. The key to all this is that you pick up on a buyer that is not sure. Be as helpful as possible. Even if they say they are working with another agent "nature rewards activity" If you help someone, somewhere down the line it will be returned.

for more info on the housing market and homes in your area. log on to my web site http://www.tmartsellshomes.com