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Who are you going to use as a lender?

By
Real Estate Agent with Century 21 Beutler & Associates

Closings have become a little far and few between for some Realtors in my area( Spokane, Wa) but does it depend on the credit of someone or the lender? Well it's a little of both in my opinion. With how the mortgage world has been a little shut down, why are loans taking so long to close?

I have found that local lenders as well as Credit Unions are getting loans closed and on time. It is such a great time to buy with low interest rates, the lowest they have been in a long time. Now is the time to buy investment property for your long term wealth.

If you can you need to buy a home and live it for 2 years, then rent it. Buy another home and live in it for 2 years, then rent it etc.

Go to a lender you trust, make sure they give you a "good faith estimate" of your closing costs and the cost of doing business with them. Ask them if they will walk you through the process and make sure you aren't handed off part way through the buying process.

 

 

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