You've found the perfect Denver home, and you're confident that everything is set to make ownership of that dream property a reality. The new home awaiting your arrival has passed every inspection, and all of the preliminary paperwork has been prepared with diligence. The news you're hearing about banks showing profits sounds great, until your dream suddenly becomes a nightmare: your purchase is stalled because of lending issues.
The news is true; banks are beginning to thrive again. But they've become wary – perhaps overly so. Putting 
your hand on the stove and getting burned only has to happen once; you're unlikely to repeat the process. Likewise, banks are taking their time before wading fully back into the mortgage lending arena.
There are steps you can take to ensure that the closing on your dream home goes smoothly. The most important of these steps is finding a lender committed to ensuring that your closing process is as seamless and stress-free as possible. Your lending professional should be someone you're comfortable with, someone who has good references, and someone whose advice you're willing to follow.
Your lender needs to be proactive. It's their job to help you stay on top of important dates and deadlines. They are also responsible for ensuring that all of your paperwork is complete. The question is, how do you find a lender who possesses not only these, but other crucial characteristics?
First and foremost, work with a local lender. They need to know Denver neighborhoods, as well as Colorado real estate laws. Shop around! You aren't committed to the first lender with whom you speak; if things don't feel “right,” trust your instincts. Interview as many lenders as you need to in order to feel comfortable and confident. Even if you find a lender through a referral, do your homework. The Better Business Bureau and the state real estate commission can give you feedback about lenders.
A great resource for lender referrals is Bandy Homes – contact us today. In addition to lender information, we can show you homes with mountain views in Littleton, cozy family homes in Castle Rock, or an exciting townhouse in downtown Denver.
Marianne Bandy
Consider Relocating to Denver
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