The Lender Your Work With Is Important
The mortgage lender is one of the most important people you will work with when you buy a home. And the person or company you work with will have a huge influence on how smoothly the home purchase process goes, starting with your offer.
When you write an offer on a home, you need to include a pre-approval letter. In most cases, the listing agent will call and speak with your lender to ask questions about your financial qualifications. But more importantly, the agent is trying to assess whether or not this lender has the experience and knowledge to get this transaction to the closing table on time.
If you are tempted to use an online lender or a company one that you saw advertised on TV, it could potentially hurt your offer. Mostly because these online companies have a reputation of operating like a bank. They keep limited hours and it can be really difficult to reach a person directly, especially for a listing agent.
Real Estate is Not 9 to 5
Real Estate is not a 9 to 5 business, and a great lender understands this and makes themselves available to support you as much as possible. As a buyer, you deserve to be treated as a VIP, and not just a case file. When you work with a local lender, you will receive better service and better care from start to finish.
Who Should You Call?
The very best thing you can do is to talk with your REALTOR® about the mortgage lender(s) that they recommend. Your agent isn’t recommending someone because they get a kick-back (it’s illegal). But your agent will provide you names of lenders that they trust and that they know will take the very best care of you.
As a listing agent, I love it when I call a lender and they sound like the buyer’s biggest cheerleader. Not only does this make me feel good about the buyer’s financial qualifications but it also tells me that the lender cares about their client and will do whatever it takes to get the buyer to closing. If I call a lender and they don’t recognize the buyer by name, I wonder if the lender has done their due diligence regarding the pre-approval, and, I question whether or not they will be able to get the loan finished in time for closing.
When you are buying a home you really do deserve to have a supportive team on your side. Message me anytime you have questions to learn more about how you can set yourself up for success!
If you’d like to watch a short video series about mortgages that I made with one of my trusted lender partners, click here: Mortgage FAQs In A Minute or Two