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Buyers Choose Their Lenders....Don't They ?
We all know buyers have the right to choose their lenders.
Including one on the Internet - who rarely responds promptly.
Sally K. & David L. Hanson's re-post about
Buyers Choose Their Lenders!Don't They ? 
  Buyers choose lenders because....that is where they do their banking, where they got their last mortgage, where they were promised the best rate, the lender that has no closing costs...their aunt, cousin, neighbor works there....reasons are many and varied.  Sometimes it is blind loyalty rather than the logic of less cost that drives the choice...people are people and logic does not always prevail.
      In our position as listing agents....we have the duty to guide and advise our Sellers....we require a letter from the bank with each offer...a specific letter that spells out the amount of the loan that the buyer is eligible to borrow and whether or not a home sale is required to advance that mortgage. The rate is included and it is signed with the contact information of the loan officer.
   Choose a reason....insufficient number of appraisers, slow underwriting staff...etc. ....the processing of a mortgage is not done in a minute.....and what is worse....sometimes not done in the time that the contract specifies that the ... more

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