Mortgage Advice 


Here are some common mortgage questions. Have a question you don’t see answered? Call us at 248-613-9044.

Employment and Mortgages:

Part of the mortgage process includes verifying income. You must be able to show that you can afford the home loan payments, regardless of the type of home loan program. If you do not have a job or any other way to financially support a mortgage, consider holding off applying for a home loan until you can verify employment and income. If you can prove steady, reliable income – go ahead and apply to pre-qualify for a loan!

Credit and Mortgages:

Credit is a major player in the home loan process. Your credit score determines your eligibility for home loans and your interest rate. Better your credit, the better your rates.

If you do not have good credit, consider one of the following steps:
  • Visit with a credit restoration expert. Contact us for a referral. 248-613-9044
  • Take six months to a year and focus on repairing your credit – no late payments, pay down debt, no new credit accounts, etc.
  • Learn about the do’s and don’ts of credit when it comes to applying for a mortgage.

Switching Lenders:

You can switch mortgage lenders at any time - even if you’ve been with your current company for years or if you’re in the midst of refinancing.  We’ve met numerous clients who are tired of the runaround of the ‘big banks’ and want to switch to someone local and easy to work with. Until you’ve signed on the dotted line – there’s always a way out!

If you’re considering switching lenders, make sure to keep all of the documentation together – your new lender will need to see that. Also, if you’ve already had an appraisal performed, that is one fee that will need to be repeated and cannot be recovered.


Ramzi Faraj - Mortgage Lender 2360 W Jefferson Suite 101, Trenton, MI 48183
Citizens State Bank
NMLS ID 729779
EQUAL HOUSING LENDER
Ramzi Faraj
VP, Consumer Lending Manager
NMLS #162269
Phone: 248-613-9044
Email: rfaraj@micsb.com

Office Address:
32500 Woodward Avenue
Royal Oak, MI 48073

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