You may ask, what does he mean when he says 15 Minutes Could Cost you Thousands of Dollars?
It is quite simple. So many buyers these days find their mortgage lenders on the internet. Instead of heeding the advice of their agent and using a trusted, reliable, local source, they are enticed by the prospect of "possibly" saving A FEW DOLLARS EACH MONTH and possibly getting a lower rate.
All too often they discover they are being penny wise and pound foolish. That "great rate" loses its luster when the kids and mother-in-law are in the car, your life's posessions are in the moving van(s) and the lender tells you, "not today" but maybe tomorrow, or "at the latest", "next week".
Then next week rolls around and they begin asking you for documentation for the third and forth time. The seller is wanting to put their house back on the market because they lost their deal which was dependent on this closing. You put your belongings in storage, sign your family up for another week at an extended stay hotel, board the dogs in the kennels and sign up for an emergency session with the shrink for you and your mother-in-law.
Nobody is telling you to walk away from a great rate, but do yourself a favor and ask a local and recommended mortgage professional to run some numbers for you. Your agent can likely recommend several. Then do the math and figure out what closing on time means to you.
If you, or friends, or family are thinking about moving to Franklin or Middle Tennessee give me a call or shop on-line for your house at any of these sites:
http://www.NashvilleAreaRE.com
Find the site that suits you best and let me help you find a Great House and a Great Mortgage Professional that can get you a Great Rate, and close you on-time!
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