> January, 2008: PERL's 5th Annual Mini-Golf Tournament
> August, 2007: Ken Perlmutter on ABC World News Tonight
> August, 2007: Russ Martin on The Importance of Documentation
PERL Mini Golf, Real Estate Executive 2008
For the past five years, PERL staff members have built a mini golf course which meanders through our main Chicago office. Complete with trophy and prize money, it's an event not to be missed.
Our 5th annual mini golf event was captured in the January 2008 issue of Real Estate Executive Magazine.
The Credit Crunch: ABC World News with Charles GibsonAugust 17, 2007
President, Ken Perlmutter, discusses recent changes in the mortgage industry.
The Importance of Credit and Documentation
NEW YORK – With the mortgage market in upheaval, fewer borrowers are qualifying for loans. “
The credit score is the most important aspect of getting a mortgage in today's market,” said Russell Martin, a residential mortgage adviser and author of SmartMortgageAdvice.com. He suggested “A credit score of 680 is the minimum, and a credit score above 720 will help lower rates significantly.”
“Within the credit score, customers must also look at their credit history and any delinquencies they have had in the past,” said Dan Green, a certified mortgage planning specialist and author of TheMortgageReports.com. Green recommends anyone planning to buy a house in the next year get a free copy of their credit report and make sure there are no delinquent bills of any kind.
“Once the credit information is handled, borrowers must be prepared to fully document income and assets because no-documentation loans are a thing of the past,” Martin continued.
“For an hourly wage earner or person working on salary, that means copies of W2s and pay stubs. For someone self-employed, showing full income via tax returns is a must.”
“With a full loan package, including all asset and wage documentation, it will take at least a week to be approved for a loan as underwriters are more stringent than ever,” Martin said.
From “What a customer needs to get a mortgage”
By Stephen Bernard, AP Business Writer
August 16, 2007