This is a YouTube video titled "3 Reasons to Refresh your Approval Odds" containing a monologue or presentation from December 22, 2024, explaining why individuals who were previously denied home loans might benefit from reapplying. The speaker discusses differences among lenders, changes over time in financial situations, and the importance of proper diagnosis in loan approval processes. There is only one speaker and no indication of a conversation involving Derek McGowan.
If you've been told no or turned down for a home loan in the past, here's three reasons why you might want to refresh and give it a second look. 1. Not all lenders are created equal. I know in a perfect world, every bank or lender would have the same requirements for each loan. That is just not how it really works, though. Many lenders have what are called overlays or additional requirements to get you approved for the home loan. We don't have any overlays and we have over 250 different underwriting departments that all view the rules slightly differently for a good reason. Our job is to play matchmaker with your situation and the best solution to put you into your home. 2. Sometimes time does heal. Maybe last year when you looked at getting approved for a home loan, your income is viewed differently. Or maybe you have more money saved up now or your credit score is higher. Sometimes just a simple refresh makes people surprised at where they currently stand. They might be able to approve now. And three Getting the right diagnosis. Just like when you go to the hospital if you're sick or injured, depending on which doctor you go to, you might get a different diagnosis. We have over 100 years experience collectively with my team in the industry, so we've seen just about every scenario. So we know how to diagnose the problem and we have all the solutions to put it together and we care to be with you every day, step along the way to get you into your new home.
