What's In It For Me If I Use One Of My REALTOR'S® Preferred Lenders?
When I talk to a buyer that has contacted me in regards to buying a home in the Portland Metro area, one of the first questions I ask is where they are in the pre-approval process. Choosing a lender..or Mortgage Broker is a HUGE part of the process of buying a home and can make the difference between you getting an offer accepted when you're up against other buyers in a multiple offer situation or closing on schedule.
As your agent, I have a preferred list of Lenders that I like to work with. I like to have several on my list for you to choose from depending on your personality or location. What's In it for me if I use one of my REALTOR'S® preferred lenders you ask? Lots!! You get to have the confidence that you will be well taken care of, that they will go the extra mile for you and will communicate often!
For example, I recently had buyers that were in a multiple offer situation. They chose one of my preferred lenders who happens to use video mail and was very available on weekends when offers are often written up. Not only was a pre-approval letter attached to the offer, so was her video e-mail with her discussing how strong my clients financials were.
Yes..this is powerful stuff when your on the listing side looking at several offers. Do you think that would make your offer stand out? You bet! Her communication has been stellar and even with some minor bumps (as can happen), at least we knew what was going on and how we needed to proceed.
On the flip side, I had a buyer that recently started with one of my preferred lenders and then decided to go with another that I've never worked with because they offered a special program that would save her money. Ok..I'm all for that of course, but throughout the entire transaction, I've had very little communication and the little I've gotten was like pulling teeth. Needless to say, I do not have confidence in this lender to get the job done within our contractual time frames.
It's frustrating when you're scheduled to fund and close but have not heard anything from your lender. This does not leave you with a good feeling at all! As your real estate agent, I do need to depend on these critical people to do their end of the job and it's hard when I can't get in contact with your chosen lender.
What's In It For Me If I Use One Of My REALTOR'S® Preferred Lenders? Your agent (me) has built relationships and surrounded herself with people that are good at what they do and knows they'll go that extra mile for you as she does. When buying your Portland Metro home, unless you're paying with cash, you'll need financing. Yes..there is a difference in who you choose!
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