As a Realtor in Austin Tx, I am often asked, especially from first time homeowners, where to go to get their mortgage. In this recent tougher environment for mortgage lending, I would recommend that you stay away from Big Banks. The reason is that we are seeing a very slow turnaround with the Big Banks, while mortgage brokers are managing to get their deals through underwriting much quicker. Not closing on time can mean the differnece between getting the home or having the seller get frustrated and take either a back-up offer or just put the house back on the market. It recently happened...my seller got frustrated because the buyer could not close on the date listed in the contract....we had a back-up offer that he decided to take and the first buyers lost out on the home.
Every good Realtor has a list of mortgage brokers that they know can get the job done efficiently while being competitively priced. There is enough stress when buying a home...save yourself some trouble and avoid the Big Banks!
If you need a good Mortgage Broker, call, email or text me at 512-431-8265
Betsy Gallagher, Realtor Coldwell Banker United familyhousehunter@gmail.com
Happy Holidays!
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