creative finance: Lender Peeves...What Are YOURS?
- 11/08/07 05:07 AM
Yesterday I wrote a blog post about my favorite lender. I didn't mention his name because I work with several different referral lenders who offer products and services that may suit the needs of a particular client better than another. In addition to that, let's just say it's wisdom not to keep "all of your eggs in one basket", right? That being the case, I started thinking, (especially after this morning's phone conversation with one of the lenders that I make referrals to on occasion), What makes my LEAST favorite lender the least favorite? This is what I came up with: You can't … (3 comments)
creative finance: What Makes YOUR Favorite Lender Your Favorite Lender?
- 11/07/07 06:54 AM
After almost 13 years in the Colorado Springs real estate market, I can safely say that a lender can be the life blood of a successful real estate transaction. Good lender, good transaction. Bad lender...you know. Anyway, I've been thinking, as I urged my favorite local lender to join Active Rain...what makes a great lender, from a real estate agent's perspective. What makes MY favorite lender the one I like to work with and feel confident referring my clients to? Here's what I have come up with. Of course, there's a lot more to it, but these basics come immediately to … (3 comments)
creative finance: So What Programs ARE Availabe For Your Clients?
- 11/05/07 04:10 AM
Last year it was a breeze to get financing for ALL of your qualified clients...AND it was easy to tell who was qualified with a few quick questions. This year...the line is WAY fuzzy and it seems we don't know what there is to offer our clients. For example: Last year, if I had a client with a credit score of 750...it was a NO BRAINER...I could get that person into their investment property by referring them to a lender who could go stated with 10% down based upon nothing but good credit! If they were exemplary borrowers, they could even get … (2 comments)
creative finance: Knowing Financing Options is Essential
- 05/20/07 01:32 PM
One thing I notice as I embark on my exciting first year as a Broker/Owner is that many agents, even seasoned agents, have not taken to the practice of keeping up on financing options for their buyers. Early on, I found that if I kept abreast of all the available bond programs, first time buyer incentives, bank statement programs,credit score driven loan programs (no doc, reduced doc, no income/asset), no debt ratio programs, etc...that if a prospect would give me an objection about why they haven't gone house shopping lately,and it was due to lack of financing options, I'd know what was out there for them. Today, one … (0 comments)
Yesterday I wrote a blog post about my favorite lender. I didn't mention his name because I work with several different referral lenders who offer products and services that may suit the needs of a particular client better than another. In addition to that, let's just say it's wisdom not to keep "all of your eggs in one basket", right?;)
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