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2017-07-17 16:51:01
3 Things Your Lender Wishes You Knew

Getting a home loan, especially your first home loan, can be somewhat of an interesting dance. Your

loan officer will be your dance partner and reaching the closing table is the curtain call. Every loan and

every borrower represents different situations and circumstances but there are 3 things your loan

officer wishes you knew, but they probably won’t tell you.

1. Call me first. When you decide, you are ready to start looking for a home you should look at

your ability to get a loan and how much you will qualify for before you launch your search. This

will give you a better range of homes prices to look into and you will actually be able to advise

your Realtor on what you are looking for realistically.

2. Keep me in the loop. Sometimes things happen or unexpected circumstances occur. Your loan

officer isn’t someone that you need to hide these things from, they are your best resource for

creating a plan to combat them. If you or your spouse suddenly fall ill or lose an income trying

to keep it under wraps will hurt you in the long run. By keeping your loan officer in the know

they can recommend adjustments that will benefit you long term. Remember they are your

greatest ally in finding the best solution to your life no matter what.

3. Don’t make sudden changes. This seems pretty obvious but it doesn’t necessarily “go without

saying.” Check with your loan officer before you close old accounts, take a better job, or really

anything that effects your finances while you are working on your loan. You may not realize

that closing that old credit card you never use may your credit score or that changing jobs,

even for more money, may affect the ability to approve you for a loan.

The relationship you build with a loan officer is one of mutual trust and respect. Over the course of your

lifetime you may work with the same loan officer many times as you buy your first home, move into

something larger as your family expands, pick up a rental or vacation, and eventually downsize to your

retirement space. Keep in mind that they are always there for you to reach out to when you are “kicking

around” the idea of making a move.

Blog Archive
2017-09-29 11:41:53
4 Reasons Not To Renew Your Lease

2017-07-17 16:51:01
3 Things Your Lender Wishes You Knew

2017-07-17 16:43:55
Three Things to Know Before You Buy a Home

2017-07-17 16:38:06
4 Reasons to Lose Your Lease

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