lender: Question for Agents - 02/28/09 07:42 AM
I am curious, and hope I get some responses here...
Agents, when you are working with a lender, especially a lender you've not worked with before, how do you feel when the lenders fail to answer your questions about the loan or even the status of the loan?  For example, I am working with a new lender on a particular home because of a special product they have I couldn't find through my normal lenders.  Today, I asked a bunch of questions, including confirming that the client was "locked in".  The response on that issue was that the loan officer said … (1 comments)

lender: Lender vs. Mortgage Broker - the DIFFERENCE - 11/19/08 01:01 PM
Attention: Buyers and Borrowers There IS A DIFFERENCE!A lender is a specific lending institution, often times a bank, that lends their OWN money. When they pre-qualify you they are using the actual, real time standards that institution has in place. A pre-qualification means something. An approval means something. It means the person that has the money has agreed to give it to you.A mortgage BROKER does not have any money to lend. A pre-qualification means that they THINK they can get a loan for you SOMEWHERE. The approval from the actual lender will generally come at the very last moment, and … (1 comments)

 
Vicky Chrisner (Fieldstone Real Estate) Rainmaker large

Vicky Chrisner

Leesburg, VA

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Address: Loudoun County, VA

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