mortgage lenders: 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)
mortgage lenders: "Which Lender Should I Use ?" asked the Transferree
- 01/29/16 09:11 PM
As agents who work in relocation ...Sometimes the lender is a "part of the package"....sometimes Buyers are moving here without a relocation company to be closer to family, have that house on the lake...the golf course, etc. One of their first questions is often about a lender. We have the infamous "Lender List" that we have blogged about earlier. As with every part of life...Lenders are not a "one size fits all." It can be the mesh of personalities...and sometimes it is because of other circumstances....favorable and/or challenging. What are "Past circumstances" ? … (10 comments)
We got a call the other day from a lender who was working with one of our buyers on a short sale. We had discussed with the buyers, that we needed a little more money to make the liens disappear and the transaction to close in a couple weeks. They were thrilled with the good closing news and happy to help the distressed sellers...and willing and able to add a little bit to make this all happen. The lender called....what was I trying to do...MAKING them spend more than they wanted....was this really necessary. Yeah right...no … (4 comments)
mortgage lenders: Hey Mortgage Gurus....Do you Think Co-Signers Will Come Back In Vogue ???
- 11/09/08 12:09 PM
BANK OF UNDERSTANDING It's no secret of course that money is tighter than it has been for a long time....and probably should have been tighter long before now. Now and then you run into a deserving potential first time buyer that for one reason for another....has been smacked with bad luck...they have paid off past due bills...their debt to income ratio has improved....and whoops a car accident happens requiring a car loan and smacks their struggling credit rating so the house of their dreams will likely be gone by the time it recovers. They pray, I think....we all send positive … (3 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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