Mortgages affected by the Federal government Shutdown

Dear Frank,

I wanted to give you an immediate update on the status of mortgages affected by the Federal government Shutdown. As you may know, non-essential Federal government operations have been at a standstill since October 1st. The shutdown will directly affect mortgage lending for some borrowers.   Be careful with your purchases that are currently in process. The following borrower files could be indefinately affected by the Shutdown until the legislators in the House and Senate resolve the budget. These are the borrowers who will be most affected:   Borrowers who are Self Employed Borrowers who are getting Jumbo loans Borrowers who own multiple properties Borrowers who are Government emlpoyees who are furloughed   Borrower files that do not have the above characteristics should proceed through the loan underwriting without issues or delays.   I will be sure to keep you updated with any changes or alerts.

Customer service is our #1 priority, so you can trust us to handle your clients with absolute integrity and professionalism. Talk to us at the Eddie Mortgage Team and we'll get your client into the loan program that is right for them. Call us today!

Sincerely, Eddie Knoell -Vice President- Signature Home Loans LLC Office: 602-248-4200 Mobile: 602-677-3105 Fax: 602-680-5184 Email: eddie@eddiemortgage.com Apply Online: www.EddieMortgage.com NMLS# 210917   -Equal Housing Opportunity-