Barb Schlinker The Real Estate Voice

Top Five Things You Should Demand from Your Lender when Buying a Home1)     How does a buyer know what to expect from a lender when purchasing a home?a.      They don’t – People that want to buy a car go fall in love with the car, THEN figure out how to get financing.  Its the same with a home purchase.b.      Most go off Agent Referrals or use their banks 2)     What things should be demanded from a lender before buying a home?a.      Pre-approval vs Pre Qualificationb.       A thorough explanation of what the buyer would need in cash to buy a home 3)     Once a buyer finds a home – how can the lender help the buyera.      Great lenders provide custom pre approval lettersb.      Call listing agent attesting the strength of the buyers ability 4)     When a buyer gets their offer accepted what happens next?a.      Meet and get loan application doneb.      Order the appraisal ASAP – this costs but the sooner the better                                                              i.      Appraisal delays can pre