Don Quixote, Mortgages and Going With the Flow
If so, you probably remember it includes a windmill, a donkey, and some pretty great music. But a brief synopsis I found condenses this classic's storyline to ...
"Don Quixote teaches us that life is to be challenged.
That Don Quixote does not accept current reality".
Our world has been blessed and well-served by many that have chosen NOT to give in or give up. Consider these people as prime examples:
- Franklin Delano Roosevelt: He was struck with paralysis when he was 39 years old.
- Michael Jordan: He was cut from his high school basketball team.
- Henry Ford: Ford's first attempt at running a car-making company went belly-up. So did his 2nd attempt. On his third try, he started the "Ford Motor Company".
- The Beatles: Early in 1961, the Beatles auditioned at Decca Recording Studios. It was pronounced that "guitar groups were on their way out". The group, just 5 months later, signed with George Martin.
In each scenario, history taught us that their stories didn't end with those defeats. Great determination and pure grit were demonstrated by each. Huge successes followed.
A list of other people with similar stories could stretch on forever. And without a doubt, they provide us much inspiration and great lessons to learn from. Yet, they do NOT showcase the lesson or message I wish to spotlight here.
There is an old saying that goes, "there is a time and place for everything".
The challenge for us lies in knowing "when and where" those times and opportunities exist ...
And I submit, that as it applies to the financing and processing of a mortgage, the act of "giving in and "going with the flow" can indeed be very wise. The timing can actually be ripe for it.
During mortgage pre-approval, mortgage application, and mortgage process: There are requests and actions that must be adhered to and acted upon should you wish to successfully close on your mortgage. Simply stated, no lender will allow you to proceed to Closing or Escrow should you skip or leave them unfulfilled.
A lender's questions, as well as an Underwriter's, must be answered. Their requests for action(s) must be taken. Documentation needed must be submitted. Not complying isn't an option. There is no other path open to you should you wish to successfully complete your financing goal.
Those applicants that fashion themselves after Don Quixote ... that don't accept that reality, choose to comply slowly, or refuse to comply at all? They typically don't fare well.
While those applicants that "give in" and "go with the flow" ... in other words, comply with their LO's requests quickly and thoroughly ... benefit greatly by doing so.
I have found that those applicants navigate their mortgage process far more easily. They also stress over their loan process and processing far less and are far happier at its completion.
As a mortgage applicant, if you have performed your due diligence while searching for your loan officer, you'll know with confidence that it's safe and wise to "give in" and "go with the flow". That your loan officer is experienced, knowledgeable, and acting on your behalf when they make requests.
Listen, I'd never suggest that anyone give up on those goals that are important to them. Too many wonderful things can happen or take place when you don't.
But I do suggest that you learn to kick back, believe, trust ... "give in" and "go with the flow" where it is appropriate and wise to do so.
Wonderful things can take place following these actions too ...
* Are you dreaming of buying or refinancing a home or Investment Property in New Lenox - Will County - Chicagoland ... IL or WI
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