Union Mortgages: Facts and Myths, Essay Example

Mortgages are beneficial because they help individuals and families obtain financial security. These programs provide participants with a variety of incentives that are specially designed to educate potential applicants about financing options and to make the application process both easier and more affordable. Adam Dratch is able to make these benefits immediately apparent to his clients and to determine whether they are eligible for these perks based on a variety of criteria. Overall, a majority of those involved in union labor in addition to those who are related to these workers can be approved. Services are available for both new home owners and those who wish to refinance their mortgages. It is important for all interested individuals to be made aware of this eligibility criteria so that they can determine which mortgage opportunity would be right for them. There are many facts and myths associated with the process that are important to be discerned while making these decisions.

Can I quality for a mortgage with any period of unemployment in my work history?

When many lenders work with their clients, they are only interested in providing loans to clients with uninterrupted work history’s, impeccable credit, and high incomes. Loan officers and lenders working with union members, however, are able to gain an understanding of the unemployment eligibility as it relates to the consistency of the work that has been performed over time. Adam Dratch has repeatedly proven that he is able to determine the work history of his clients in a manner that is able to procure the best possible mortgage opportunity. The thoroughness and dedication Adam provides his clients in many cases may be the different that helps them get their dream home.

Will my financial situation work against me?

Furthermore, many people believe that experiencing inconsistent financial situations will contribute to the inability to get and maintain a mortgage. In the current economic climate, many people are worried about job stability and what would happen to their finances if they were to be laid off. However, almost everyone is exposed to risks whether they rent or own a home, which is why many safeguards have been put in place in order to defend consumer interest. In particular, Adam Dratch has helped his clients gain an understanding of current economic conditions and sits with them one-on-one during credit applications so that they are able to understand how the guidelines determine eligibility and the available support agencies out there.. Overall, this personalized approach is beneficial for all clients because it tells them what they need to know about the mortgage acquisition process as it pertains to their own situation. Therefore, whether new or experienced home owners are looking to buy, Adam Dratch can provide them with the information they need to ensure that they will be living in a stable financial situation in their new home.

Can mortgage bankers/brokers really solve my problems?

Many people are afraid to approach mortgage professionals because they fear rejection. However, this is an inaccurate assumption about the industry. For example, Adam Dratch is a very approachable man who will make the entire process appear simplistic. In fact, to ease the concerns of the public, he is offering a free, no-obligation consultation that will help interested individuals determine what mortgage programs are available to them and to answer any questions about the process. The goal is to ensure that this process is as smooth as possible despite the stigma that has been placed on purchasing homes. One would even say that purchasing a new home is potentially the most challenging consumer experience, but Adam Dratch helps simplify this process by taking the time to understand what his clients are trying to achieve. On the other hand, a failure to consult a qualified mortgage broker is like grocery shopping in a foreign country; you’re not quite sure what you’re buying or for how much. Adam Dratch is qualified to act as your interpreter throughout this process and to provide you with the information you need to make the best choices possible.

Are independent mortgage banks really an alternative to large banks?

Many people shy away from independent banks because big banks appear to have more capital to lend. However, these organizations are often unwilling to part with their money unless they are certain that they will make a profit. In many instances, people believe that they will not qualify a mortgage because of the image that these guys put forth. Accordingly, independent mortgage companies or professionals are ready to hear your full story before making a loan decision. Unlike big banks, there are no preset standards for approval and each case will depend upon the individual. Adam Dratch creates a personalized approach to this process by listening to the full financial situation of each of his clients. He views all people as eligible for mortgages and then uses his comprehensive experience to get each individual the amount of money they require to live in their dream homes. Union members are eligible to apply for a variety of mortgages types and independent mortgage professionals or companies or consultants, not just brokers, consider all of these options in order to provide their clients with the best possible advice regarding the pros and cons of these options.

If you are considering a home purchase in the near future, contact Adam Dratch for a consultation to discuss your financial situation and relevant options. A new home is just a phone call away!