Episode 02: Understanding the Lending Process in Savannah - Part 1

In this first part of the episode, Michelle Peth sits down with local lender Dana to discuss the key aspects of lending in Savannah. From navigating the complexities of cash flow and job stability to understanding credit and down payments, Dana breaks down what potential homeowners need to know about securing a loan. They dive into what lenders look for, especially when working with individuals from the service industry or those with non-traditional income sources. Michelle and Dana also discuss the importance of establishing good financial habits and the programs available to help people with lower credit scores or unique financial backgrounds.Key Highlights:What lenders look for when assessing loan applicationsThe importance of job stability, income, and creditHow service industry workers can navigate the lending processTips on preparing for a home loan, including managing cash and creditThe surprising availability of programs for lower credit scoresResources Mentioned:The importance of credit repair and options for service industry workersUpcoming discussion on asset management and down payments in part 2If you would like to get in touch with Dana please reach out to Michelle Directly - [email protected]