Tricks For Getting a Home Loan - Part 4 Tips for Buying Real Estate in the NC Mountains

By
Real Estate Broker/Owner with MoonDancer Realty, Dillsboro,NC NC# 218097


By now everyone should realize the trick to getting a home loan is to know there are NO tricks for getting a home loan!  Welcome to Part 4 of the Tips for Buying Real Estate in the NC Mountains (or anywhere).

 

If you've read Parts OneTwo and Three - we have come to the part in the home buying process where we find out WHAT price range you are qualified for and comfortable in.  Equally important is to know IF now is the best time for you to purchase a home.  You want to take care of this step BEFORE we look at houses.  Time and hope is far too precious to waste without this critical bit of information.

 

Are They Breathing? | www.MoonDancerRealty.com

 

It seems in years past the main criteria to qualifyiDo They Have a Pulse? | www.MoonDancerRealty.comng for a loan was if evidence of breathing appeared on a mirror or if someone had a pulse.  Of course, that's part of what got us in all this trouble!

 

 

 

 

Now, it's a little more complicated but can still be handled simply.  It will take a little bit of time, but you can either talk to a lender in person, by phoEmail the Lender | www.MoonDancerRealty.comne or online

Phone the Lender | www.MoonDancerRealty.com

 

 

 

 

 

 

 

 

Whether we meet for the first time by phone, online or in person you will receive a note similar to this from us: 

House Loan | www.MoonDancerRealty.comAs promised, here is the lender info I told you I'd provide you with.

 

The following are names and contact information of lenders our clients have liked working with. Call one or more and find out who you like talking to the best. Simply tell them you would like help figuring out what price you would qualify for in a mortgage. These lenders will help you determine what a good house payment would be for you and are excellent at making you feel comfortable about the details of your home loan.

It should always be exciting to look for a new house. You’ll take most of the stress out of the whole process when talk to the lender first. The rest of the stress relief is up to us!

 

I will email you several houses of the style you've indicated you are interested in and will check back with you in a couple of days to see what kind of success you had with the lenders.

Then...let's go looking for your new house!

Brenda Patterson, United Community, Bryson City -

828-488-1168, brenda_patterson@ucbi.com

Karen Cioce-Cagle, Champion Credit Union, Waynesville - 828-400-1482,

kcioce-cagle@championcu.com

Rick Balliot, Mountain1st Bank, Sylva -

828-586-8544, rballiot@Mountain1st.com

Latisha Perkins, SunTrust Mortgage, Waynesville,

828-452-7941, latisha.perkins@suntrust.com

Nick Bazan, First Citizens Bank, Sylva,

828-371-2653, nicholas.bazan@firstcitizens.com

Lisha Shular, Macon Bank, Sylva,

828-586-1000, lshular@maconbank.com

State Employee Credit Union, Sylva,

828-586-8921, sylva@ncsecu.org

 

House For Sale | www.MoonDancerRealty.comBefore we can go do the fun part of looking for a house, invest a little bit of time and talk to a lender.  The real tricks for Getting a Home Loan???  Be thorough AND completely honest with the lender.  Get potential financial issues out of the way upfront!  There's nothing more heartbreaking than finding the house you love and losing it because your lender wasn't informed of potential problems.  Chances are the lender can help you repair the problem.

 

 

At MoonDancer Realty, we are experts at finding the right property for you to call "home" in the mountains of Western North Carolina.

 

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 Working With Real Estate Agents Disclosure | www.MoonDancerRealty.comQ and A Home Inspections

 

 

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MoonDancer Realty | www.MoonDancerRealty.com     

MoonDancer Realty Team Photo Collage copyright 2012 Mona Gersky

 

 

Unless noted otherwise, all photographs & content are my own and will only be shared with the courtesy of a written request for permission. 

 

 

   

Tree Dude Border 1 copyright 2012 Mona Gersky

Tree Dude Border 2 copyright 2012 Mona Gersky

 

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Rainmaker
172,943
Bruce Parker
RE/MAX Best - Highland Park, NJ

great post. Man its hot out. How is your area?  We will all miss summer when the snow comes back!

Jul 24, 2011 10:10 AM #1
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Bill & Cyndi Daves
Hiawassee, Young Harris, Blairsville, Hayesville, Murphy and Beyond! - Hiawassee, GA
TeamDAVES - Your REALTORS In the GA/NC Mountains!

Mona - that was some great information.  I must admit I missed One, Two and Three so I have some catching up to do!   Having a great relationship with a good mortgage person is so wonderful.  We have an excellent lady that we work with here and she has pulled some tricks out of her hat with clients more than once.

We will be closing soon with a client who had a bruise on their credit.  It wasn't their fault (no, really, it wasn't) and they had even hired an attorney to try to get it straightened out.  We met with her and within 2 weeks she had the problem resolved and the credit scores adjusted.

 

Jul 24, 2011 11:18 AM #2
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Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Hi Bruce, thanks for the compliment.  It's darned hot out here too plus I burned wood!  I'm not sure I'll miss summer, but I will miss spring and fall.

Hi Cyndi - I'd love to get the name of the person you work with.

Jul 24, 2011 05:13 PM #3
Rainer
238,346
Anne M. Costello
Weidel Realtors - Yardley, PA

Mona: This series has been terrific. Very easy to understand and chock full of information! Nice list of lenders.

Jul 24, 2011 11:04 PM #4
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Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Hi Anne,  Thanks. We all need a bevy of good lenders to refer to...they definitely can make our jobs easier.

Jul 25, 2011 12:13 AM #5
Rainer
251,980
Karen Hawkins, MBA - Langley & Surrey, BC
Royal Pro Real Estate Network - Langley, BC

Hi Mona, my friend - I'm definitely going back and catching up on parts 1-3!  You can never stress too much about the importance of getting those financials in order!  Heartbreak can be just around the corner, if a buyer sets their sights on a home and then the financing falls apart!

Jul 25, 2011 03:03 PM #6
Rainer
478,183
Not a real person
San Diego, CA

There used to be tricks for getting a home loan, and some of those tricks seem to be coming alive again.

Happy Tuesday!

Jul 25, 2011 11:35 PM #7
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Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Hi Karen, good to see you posting after your camping sabbatical. Yes, the heartbreak isbad and so is the time wasted for both the agent and the client.

I think you are right, Russel. It does seem that while we aren't to undocumented loans yet, there do seem to be some creative thinkers in the loan industry.

Jul 27, 2011 12:03 AM #8
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Mona Gersky

GRI,IMSD-Taking the mystery out of real estate.
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