Updated: Sep 7
Finding a good lender should be your first step in buying a home.
You should be choosing your lender before you even start looking for a home. Some people may start looking around or even put an offer in before they see a lender. I always compare that to shopping for a car without a driver’s license. A lender is basically a necessity.
We see this backfire so many times when clients fall in love with a house. By the time they do finally see a lender, they learn that there was something hiding in their credit score or a missing tax form, and they can’t get approved for that house. Sometimes, they just couldn’t be fast enough.
This begs the question: How do you pick the lender you’re going to use? I would suggest speaking to your agent, financial advisors, and other people who work in that industry. Look for positive reviews from those folks and research the suggestions a bit on google to make sure they are a good fit.
Looking at properties and not speaking with your lender is a huge mistake.
Also, make sure you’re not looking at online mortgage banks. They’re fine for refinancing because there’s no deadline, but when you’re buying a house, it’s much better to find someone in your backyard.
If you learned anything here, please start with the loan first. It’ll make sure you look at the right properties off of the bat, and if you get pre-approved, it can speed up your offers and make them more competitive.
If you have any topics you’d like me to discuss or research on your behalf, send them in. I’d be more than happy to make a video over them. Of course, if you want to ask me some questions directly, call or email me. I look forward to hearing from you.