“Should I find a good real estate agent first or talk to a bank first?”. If you know enough to do a little research about buying a house first, most professionals will suggest you talk to a variety of lenders before beginning your search. That would be us…the professionals. If you didn’t know to talk to a lender first, not to worry. We’ll provide that advice.
No one goes to the grocery store without knowing how to pay for their purchase? Buying a house is just like that but on steroids. Without knowing what price range and payments to expect, you and your agent will be shooting in the dark and wasting precious energy and time.
You can call a variety of services, your personal bank, savings banks, credit unions, mortgage companies or even online lending institutions provided you are in contact with a real person, not just filling in their online calculators. Whatever method you choose, you need to be able to ask questions. Making that phone call does not commit you to that particular lender. BE HONEST in that initial conversation. You can run but you cannot hide from your credit blunders and issues. If the lender knows firsthand from you any difficulties you’ve had with your credit in the past, then there is a chance they’ll know how to work around those issues. If you aren’t above board and honest then you are in danger of wasting everyone’s, including your own precious energy and time. In my opinion, if you aren’t honest at this stage…kharma takes over. Usually you find the perfect house in the perfect place with perfect monthly payments only to have it yanked from you because when that 120 day past due bill you thought no one would ever find...shows up. Never mess with kharma!
How do you know which lenders to talk to? Start with your own bank. Talk to friends and family with home loans, find out if they are happy with their lender. Google home loans in your specific town. Most buyers are most comfortable when they can establish a relationship with a convenient source.
If you end up choosing a real estate agent first, like us…the professionals, we have a list of lenders our clients have worked with and reported back to us with glowing recommendations.
In fact, let me share the list with you now:
Brenda Patterson, United Community, Bryson City -
Gene Mundt, Federal Savings Bank, Chicago, 815-277-4036,
Jason Chambers, Old Town Bank, Waynesville - 828-713-5478,
Latisha Perkins, SunTrust Mortgage, Waynesville,
Lisha Shular, Macon Bank, Sylva,
State Employee Credit Union, Sylva,
“Should you find a good real estate agent first or talk to a bank first?” If you found this blog, you’ve got the first answer. I’ve given you a list of lenders. Go ahead, make the call…I’ll wait!