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Gary Seidel – Fix Mortgage Issues Early On – Lancaster PA Real Estate Video Blog

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Real Estate Agent with Coldwell Banker Realty

Today I’m in Denver, PA at the offices of Fulton Mortgage Company speaking with manager Gary Seidel about what mortgage reps actually do, and why it’s so important to talk to one early on in your home search.

Gary points out that mortgage reps have a critical role in getting you the house of your dreams:

1) The mortgage rep pulls your credit report and review your credit history & scores. This is an important discussion, since most people have a somewhat inflated view of their credit worthiness and often some corrective action is needed to get ready for a mortgage.

2) The mortgage rep works with you to get your ideal payment and savings numbers, then applies his knowledge of the various mortgage products (FHA, Conventional, RHS and others) to figure out which product will work best for your needs. Then he works up an estimate of costs that is so critical to make you comfortable with the buying decision.

3) The mortgage rep is on top of the rapidly changing mortgage market, espcially important today in 2011 as government guidelines and regulations are constantly afftecting interest rates, tax questions and many other factors that will keep your plan up to date.

As I say so often, it’s very important to get your mortgage plans in place EARLY – no mortgage, no house. Nobody wins when a prospective buyer overestimates their ability to afford a home and ends up frustrated. If you’re thinking of buying a home, I encourage you to reach out to Gary at 717-629-7257 (cell) or gseidel@fultonmortgagecompany.com today.

Questions about buying a home in Lancaster, PA? I’d love to hear from you at jeff@yourlancasterhome.com or by commenting below. Hope you’ve enjoyed this episode of yourlancsterhomeTV!

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Comments (1)

Janice Roosevelt
Keller Williams Brandywine Valley - West Chester, PA
OICP ABR, ePRO,Ecobroker

I am just going through this with a couple. Actually cancelled their property tour because they didn't have their pre-approval yet and came to discover thatthey could not afford what they thought they could due to studet loans and a few other items. Ken Pitts with Fulton Mortgage Company has worked with several of my clients and they have been very happy.

Mar 07, 2011 11:19 PM