choosing a lender: I just went to "My" bank to apply for a mortgage...
- 07/10/19 05:53 AM
Sometimes when we meet a Buyer for the first time...someone we know, have been referred to or has found us thru our marketing...they have been pre approved by a lender...Yaah....maybe....and maybe not. We always...without exception require a pre approval by a local lender before we begin a search...set up showings, look at the wish list, discuss communities, etc. The Buyer may have a familiarity with the bank...it's where they have their checking account, it is a convenient location...other services were appealing...but they really have no experience with the lender in the area of Mortgages. More than that....the Lender may … (23 comments)
choosing a lender: Picky Picky Picky...You BET we are....about every Lender in a Transaction....
- 02/08/14 08:25 PM
The other day one of our lenders and I had a "come to Realtor" meeting.... "You know Sally...." he began in a halting sort of tone..."lots of buyers and agents want to make the choice of which lender to use." "Yes "Tom" I know that....BUT it is a very important part of our job to make sure that a transaction closes...and unfortunately not all lenders are created equally.....and not all of them have a sterling record for closing on time. " I explained. We had a transaction recently where the pre-approval was from a lender who had … (16 comments)
choosing a lender: Buyers Choose Their Lenders....Don't They ?
- 11/28/12 07:58 PM
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 … (120 comments)
Sometimes when we meet a Buyer for the first time...someone we know, have been referred to or has found us thru our marketing...they have been pre approved by a lender...Yaah....maybe....and maybe not. We always...without exception require a pre approval by a local lender before we begin a search...set up showings, look at the wish list, discuss communities, etc.
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