What Is the Income to Qualify for a Fee Waiver?
Qualifying for a fee waiver based on an income threshold is a tricky situation. Homebuyers must prove that they can keep up with the monthly repayments for the next 15 or 30 years. Lenders understand that the home buying process is long as buyers tighten their financial belts.
In several cases, no income threshold exists to qualify for a fee waiver. Like other financial products and contracts, providers sometimes waive fees to gain clients. In other situations, they shift the fees to other areas of a contract.
Mortgage House works with an array of clients such as owner-occupiers, investors, and first-time homebuyers. We also work with small business owners, freelancers, and gig workers. Our loan specialists understand that every homebuyer has a different financial situation. That’s why we offer several loan product types including low doc, second home, and investor.
In addition, we offer the Mortgage House no-fee home loan. It’s possible to roll the upfront fees into the mortgage or move them to the exit stage. Once a homebuyer becomes a Mortgage House client, they receive access to additional loan products such as consolidation loans and our car loan options.
Our loan specialists take a look at the complete picture. Then, they find home loans that put the homebuyer in a position to succeed.
Qualify for a Fee Waiver Conclusion
Mortgage House takes several factors into account for homebuyers who want to qualify for a fee waiver. To start the process, contact our loan specialists. They remain ready to help.