Monthly Archives: August 2014

¿Sabes cual es la diferencia entre aprobación previa y precalificación?


Las precalificaciones son cálculos generales del monto del préstamo que se le podría adjudicar tomando en cuenta distintos criterios. No obstante, la precalificación no es una garantía de financiación, y el monto que efectivamente se le pueda adjudicar puede ser muy distinto tomando en cuenta sus declaraciones de impuestos, informe de crédito y demás factores. Los procesos de aprobación previa se asemejan más a un proceso de solicitud real, donde usted completa una solicitud y obtiene un compromiso firme por parte de un oficial de préstamo mediante el cual se comprometen definitivamente a financiar dicho monto por un plazo de 60 a 90 días, salvo que se produzcan cambios en su situación financiera. El proceso de aprobación previa por lo general tiene un costo, pero muchos vendedores quieren asegurarse de que su financiación esté en orden. De este modo, usted tiene una idea clara de exactamente cuánto puede pagar y puede empezar a comparar lo que ofrecen las distintas entidades de crédito.

Your Loan in The Valley


Get more Real Estate Business!

Pre-qualify Prospects and Referring Partners so you get more Real Estate Business

ID-100260430Generating new clients is a key to success in any business. So you want to make sure you are focusing on clients that are ready to move forward and not wasting time others. When you are talking a lead or potential prospect, ask yourself these questions as a way to qualify them. If they meet all five, you have yourself a solid prospect and you will be on your way to doing business with them. If someone doesn’t meet all FIVE requirements, they are probably not a good match and your time would be best spent speaking to other potential clients.One thing to keep in mind, especially when speaking with prospects, is that some of them will be very well off and others have been through a very difficult time and are going to be defensive. Always be as pleasant as possible and don’t take things personally.

1) Cooperate: When speaking with them, are they amiable and willing to cooperate? Although they may be facing challenges because of today’s market or because of credit issues, that is fine, but if they get belligerent or angry with you, you do not have to work with them.

2) Plea for Help: Do they want to be helped? Find out their “hurt” and show them how your product or service is the “cure”

3) Realistic: Do they have realistic expectations? Does the prospect realize that the current value of their home may not be the same as it was few years ago? If financing is involved, do buyer prospects realize that loan programs are not the same today as they were 2 years ago.

4) Conversation: Are they willing to have a conversation with you? Do they even answer the phone or have they been avoiding you for weeks? Are they short with you and give clipped, one word answers or do they at least provide a little dialogue? Follow the rule of three, once you have left them 3 messages if they do not respond throw them away and move on.

5) Action: Do they want to move forward anytime within the next 2-14 days? Are they motivated and ready to move forward now?

Qualifying your prospective clients quickly and effectively is a skill that is sure to bring you massive success in any industry. Source:

Your Loan in the Valley

Top 10 reasons not to Co-Sign on a Loan

SignHereMany say the one viable exception would be co-signing for your child or spouse, but even then you need to think of all these risks and repercussions that could arise. Even co-signing for your spouse is dangerous (50 percent of marriages end in divorce).


  1. All the risk, very little reward.


  1. The lender will sue you first if payments are not made.


  1. The person you help will be happy, but you will have a lot to lose.


  1. You can destroy a friendship or family relationship.


  1. You are 100 percent liable on the loan that could be a significant amount.


  1. You could face tax consequences if the debt is settled.


  1. Co-signing could make approval of a loan you might need impossible.


  1. You’ll be making that payment if your co-signer defaults.


  1. You may need to sue the other responsible party if payments are not made and you get sued.


  1. You have to be organized enough to keep track of the payments. Source:


At the end of the day only you decide….


Your Loan in the Valley