Pre-approval with the right lender for Lake Sinclair

By
Real Estate Broker/Owner with Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 GREC# 169695

Many agents won't even talk to you unless you walk in the door to meet them with a pre-approval in hand. But at Lane Realty, because of the multitude of different properties we show and list, we know that might not be the best thing for you.

Will you be considering:

  • Georgia Power lease lots
  • Georgia Power strip leases
  • Manufactured homes
  • Modular homes
  • Singlewide
  • Lease lot with manufactured

Not all lenders will do all of these properties. So while we don't mind pre-approved buyers you just might be pre-approved with someone who isn't the right lender for you. 

At this very moment we have a client sitting with one of our lenders in an office to get them pre-approved for THE house they are writing an offer on in the next hour. It's a lender who handles the type of property the buyers are writing an offer to purchase. Because sending over a pre-approval from a lender that isn't going to be doing the loan sends a red flag up for me.  In Georgia when we include a finance contingency we must list at least one lender that the purchaser will apply with, if it's not the same lender that the issued the pre-approval my sellers and I will want to know why.

So we don't really mind if you wait until you get a recommendation from us before getting that pre-approval. It helps us to guide you to the right lender for you if we know what you are considering purchasing. We have at least 8 lenders to fit almost any scenario. Although a couple of scenarios are cash only!

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Topic:
Home Buying
Location:
Georgia Putnam County Eatonton Lake Sinclair
Groups:
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Ambassador
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John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

For many folks, just a "vanilla" preapproval is fine, but as you say, many different property types require many different types of programs, and not all lenders are created equal.  This is great info.

Jul 07, 2015 10:42 AM #1
Rainmaker
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Michele Connors
The Overton Group, LLC Pitt & Carteret County - Greenville, NC
Your Eastern North Carolina Realtor

Great topic, it also keep the buyer expectations in check and can help avoid disappointment.

Jul 07, 2015 10:44 AM #2
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Great thoughts Tammy. I refer a mortgage broker I often use and the people like her. We are a team and it always clicks.

Jul 07, 2015 11:19 AM #3
Rainmaker
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Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Tammy Lankford 

Really great post and love the pictures. Have a wonderful week. 

Jul 07, 2015 02:59 PM #4
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Tammy, you need a team that knows the market! Enjoy your day!

Jul 07, 2015 08:38 PM #5
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Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Tammy. I like your point and kind of agree. I guess the point is to make sure your buyer can buy when they want to.

Jul 07, 2015 08:42 PM #6
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Having a good relationship with a trusted lender is so valuable. I have a few on my list and with confidence refer them.

Jul 08, 2015 12:52 PM #7
Rainmaker
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Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello Tammy,

Having the right lender in our arsenal is a key to our success!

Jul 08, 2015 01:04 PM #8
Rainmaker
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Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Hi Tammy - I would rather have them start with me, than to start with a lender. If they have a bad one (USAA comes to mind), I may not be able to get them closed on time. If I can convince them to start with a lender I trust, I know what the outcome will be.

Have a great weekend

Jul 09, 2015 11:11 PM #9
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Tammy Lankford,

Broker GA Lake Sinclair/Eatonton/Milledgeville
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