Mortgage Relocation Customers

Corporate Relocations: Mortgage relocation customers are some of my favorite mortgage loan customers. Typically these types of clients are stronger borrowers and should be treated as such. Some of my favorite banks provide a price incentive for mortgage relocation customers because they know these are better performing borrowers. Mortgage relocation customers typically earn more money, have better credit scores, have more reserves and generally purchase a larger home.

This only makes sense. Corporate relocation customers or corporate relos are typically the upper tier executives who recently have received promotions or perhaps they are the presidents or vice presidents of huge corporations who need to move to another part of the country.

I feel I excel with these types of cutomers because I am adept in dealing with the busy schedules and coordinating a closing for the executive who is juggling the 60-80 hour work week. Smooth and easy service, emailing documents or closing statements and dealing with mortgage questions at all hours of the day are my specialty.

Mortgages for Second Homes

Second home customers are similar in that they are typically very strong borrowers. An example of a true second home customer typically will own a home in say New York or New Jersey and choose to buy a second home in say Florida or Tennessee.

It is important to not confuse a second home and an investment property. There is an unwritten general rule of thumb among lenders that the second home should be at least 50 miles away from the primary residence and hopefully the second home is located on the ocean or a lake or perhaps in the mountains. There is certainly some grey area here so we should look at each loan on a case by case basis. Second homes get the same pricing as primary residences so we will need to pass a common sense test to ensure that we are calling a second home a second home.

Below I have started to put together an index of realtors in key states that can help with locating that perfect property in a state that you know nothing about. I have tried to hit some of the main targets but if you do not see a realtor in your area of interest, I can find one for you. With modern technology and virtual homes you would be amazed at how much searching can be done from 1,000 miles away.

NorthCarolinaRealEstate

MassachusettsRealEstate

RhodeIslandRealEstate

NewJerseyRealEstate