Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners)

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Rainmaker
2,217,805
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Minimally... I refer my clients to the right lenders to educate them.

Jan 10, 2018 11:18 AM
Rainmaker
529,362
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Where's the loan guy? Siesta? Why is the agent being blamed for this? The agent's not the loan guy.
We need to know enough to be versed. But the buyer needs to be in contact with their mortgage professional from the onset, and fully clued into the process from start to finish..

Jan 10, 2018 10:01 AM
Rainmaker
177,755
Susie Kay
Ultima Real Estate - Plano, TX
North Dallas Specialist

I usually leave any mortgage questions to my lender.  I connect them from the beginning of the process.

Jan 10, 2018 12:22 PM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

I have the loan officers I use explain the entire process!

Jan 10, 2018 10:47 AM
Rainmaker
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Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I use really good lenders who do all that.

Jan 10, 2018 02:48 PM
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

None...I send them to the proper professional for the correct answer.

Jan 10, 2018 02:37 PM
Rainmaker
1,146,444
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Thanks for the Q, Praful Thakkar. You have received several excellent A's.

Jan 10, 2018 02:10 PM
Rainmaker
370,965
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

I'll run some hypothetical #'s through my mortgage calculator for a buyer; if they want a general idea of what the payments may be. That's about as deep as I get into the mortgage part of it. 

Jan 10, 2018 01:37 PM
Rainmaker
1,106,313
Bob "RealMan" Timm
Alliance Real Estate - Minot - Minot, ND
Bob Timm, Broker Associate, Alliance Real Estate

I make it crystal clear that I am NOT in the finance business and I tell them who I think is the BEST in that business. I let them know that I work with that person very closely and trust them completely. It is in the Buyers best interest NOT to get financial information from me just as it is not in their best interest to get Real Estate information from their banker.

Jan 10, 2018 01:12 PM
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

Usually I don't. But i'm able explain the basics of financing. For more details we call the lender. 

Jan 10, 2018 12:39 PM
Ambassador
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Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 I let the lender handle all of it.

Jan 10, 2018 12:32 PM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is part of the agent's job.

Jan 10, 2018 10:03 AM
Rainmaker
467,743
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I leave that to a licensed mortgage broker Praful Thakkar 

Jan 11, 2018 04:56 AM
Rainer
73,623
Mike Kelly
The MJKelly Team - Santa Rosa, CA
"One of Sonoma County's Natural Resources"

I don't. I have trused mortgage/lenders who do this. They are the experts in the field. I've got enough informaton to cover the subject but I want them speaking to my lender. 

Jan 10, 2018 06:15 PM
Rainmaker
2,536,284
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I like to let me buyers know from the start what to expect. I look for the Loan officer we choose to work with us and do the same. A rate lock with new construction is laughable unless already built. They should have known this up front from the loan officer

Jan 10, 2018 04:16 PM
Rainmaker
2,522,660
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I do discuss rate locks with buyers and most certainly discuss this with buyers who are looking at new construction.  They have to be made aware of it ... from there it is between the buyer and their lender. 

Jan 10, 2018 03:06 PM
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

If my clients have loan questions I get them in touch with one of my trusted loan officers.  I don't feel qualified to answer questions that can be very different based on credit scores and loan types best suited to that particular client.  I might answer some general questions about "how fast can we close? does anyone do loans on these lease properties?" but beyond the general questions I refer to a specialist in the field.

Jan 10, 2018 02:13 PM
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I do an intro but rely on pros.

Jan 10, 2018 01:30 PM
Rainer
154,693
David Martin
Fairfax Realty - Alexandria, VA
Making Realty Dreams a Reality

I have a packet for various stages of home buying with documents and videos

Jan 17, 2018 02:47 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I just refer these things to a lender.

Jan 13, 2018 11:15 PM
Rainmaker
3,344,102
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I try to let my lending professionals do this, but do check to be sure they locked in their rate.

Jan 12, 2018 05:50 AM
Rainer
45,183
Joe D'Agostino
NMLS# 729950 - Manahawkin, NJ
Mortgage Officer 46 years!

As a Mortgage Banker,this can be one of the most frustrating parts of my job. Most borrowers get their information from Aunt Mable and Uncle Harry. Of course the neighbor is probably the "final authority" when it comes to rates, terms, FICO's, locks and etc. I just try to explain that with the changes, laws, regulations and verifications, mortgages are vastly different then when Mom and Dad moved into their home!

Jan 11, 2018 03:36 PM
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Praful Thakkar This is why I put them on to a lender as soon as possible so they can answer these questions.

Jan 11, 2018 11:08 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

A little, but typically I leave this to the experts.

Jan 11, 2018 06:39 AM
Rainmaker
2,351,143
Richard Weeks
Dallas, TX
REALTOR®, Broker

I let my preferred lenders do that.

Jan 11, 2018 05:36 AM
Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

covered  in Buyers Consultation Session

Jan 11, 2018 05:30 AM
Rainmaker
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Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Leave that to a lender

Jan 11, 2018 05:04 AM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Suggest they talk to a lender.

Jan 11, 2018 04:32 AM
Rainmaker
564,130
Richard Bazinet /MBA, CRS, ABR
AZuRE Team - Realty ONE Group - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

All  the time Praful!

Jan 10, 2018 08:26 PM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I give them a general overview but tell them this is something they must discuss with the lender.

Jan 10, 2018 06:53 PM
Rainmaker
2,224,951
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Only when asked...I outsource that

Jan 10, 2018 06:02 PM