How Important Is The Lender When I'm Buying A Home?

By
Real Estate Agent with Reece Nichols
Spring is knocking on the door and you've got the "fever" to purchase a home. So just how important is the lender? My neighbors sister just started with a Company, my co-worker does it part time and my Realtor refers me to her lender. How do I choose? What difference does it make? "Johnny" seems to really need the money... Choosing a lender is equally as important as choosing the right Realtor to represent you in your home purchase. This team can make this a great experience for you or your worst nightmare. So what should you look for? I have three simple steps that will guide you in this very important decision. First, reputation is everything. Begin with asking people you know and trust who they know. What was their experience? It is preferable to work with a local lender. They know the market and the programs available to you in the community you're looking in. How long have they been in the business? Experience is vital. You don't want to get to the day before closing on your dream home producing simple documentation that should have been collected in the early days of pre-qualifying or worse finding you don't really qualify at all. Unnecessary delayed closings can turn your life upside and cost you valuable time and money. A reputable, experienced lender knows how to put your loan information together for a successful underwriting approval. Second, check with your lender about interest rates, closing costs, types of loans you qualify for and points. If you are comparing lenders, be sure to ask the same questions of each lender and do it in a short period of time. Market conditions change daily and making comparisons between lenders of data obtained days and weeks apart can be misleading. Third, last but not least, what's your comfort level with the lender? Don't be afraid to ask questions? Do they seem knowledgeable and know their industry? Are they organized and efficient? Are they answering your questions in a way that you understand and are they timely in returning calls? Working with the right lender is an important decision. As your KC Realtor, I have over 11 years of experience in the Kansas City area and can refer you to some of the best lenders in the City. They are people I have experience with and am happy to refer to. A reputable, experienced team of professionals from Realtor, Lender, Inspectors, Title Companies, Vendors and much more are available to you as part of your Home Buying Team. So if you are looking to buy or sell in the Kansas City Metro, give me a call or email today and I'll help you solve your "Spring Fever".

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