Episode 09: Overcoming Obstacles in Mortgage Loan Financing with Kelly Scovanner

During this ninth episode of Intelligent Equity, host Ryan Kiefer talks to Kelly Scovanner, Senior Loan Originator at PrimeLending in Cincinnati, Ohio about obstacles that homeowners may face, the importance of engaging loan officers in the process, and challenges that self-employed borrowers face. 

Episode Highlights: 

• Kelly Scovanner explains the importance of experienced loan officers 
• What types of lenders should buyers be wary of? 
• Why full credit approvals are helpful
• The stumbling blocks Kelly thinks buyers need to look out for
• The challenges self-employed borrowers can face in real estate purchases 
• Kelly discusses how clients can get help with credit 

3 Key Points:

1. Try to get a pre-approval letter from a local lender instead of a random 1-800 number or internet lender. 
2. Sources of funds have to be documented, even if the funds are a gift from family members. 
3. Even legitimate tax write-offs of self-employed borrowers can become a stumbling block for approval. 

Resources Mentioned:

• Ryan Kiefer: Linkedin
• Kelly Scovanner: Linkedin