home loans purchase contract: PURCHASE CONTRACT : DO IT RIGHT THE FIRST TIME - 06/04/12 11:05 AM
PURCHASE CONTRACT :DO IT RIGHT THE FIRST TIME
 
Do it right the first time. So you are writing a purchase contract for your buyers, with a conventional mortgage.

Here are the ten things you want to make sure you do right for the least possible underwriting headaches.

Make sure you ask your buyers who is going to be on the loan. Only people who are on the loan need to be on the purchase contract. For example, husband and wife are buying the home together, and only husband is on the mortgage, but both are on the … (2 comments)