The Lender And Your Agent Are There To Serve You

Category: Finance, Real Estate.

Buying a house is a truly exciting experience in your life, but buying a new house will not be as exciting if you think about the mortgage payments you will have to be paying for later, so before you make that purchase, be sure that you make the right financial decision with your lender. The relationship between the lender and your agent can help you get that loan program that best suits your financial circumstances.

Find a lender with a history of doing business with your agent. If they have established a good business relationship previously, then they can work as a team and help each other achieve their goal, which is to get you that loan that works for you. If you do not know what to do, your lender and your agent are there to assist you with all the paperwork and requirements. Paperwork can be intimidating for some people who are not knowledgeable on how to go about the requirements. Consult your lender and your agent about all your options. Do not just agree to one that is put in front of you without first finding out about your other options.

Have them explain the advantages and disadvantages of each. Make your decision only after you have thoroughly examined each one. If there are terminologies or real estate vocabulary that is foreign to you or if there is anything you are confused about in home- purchasing, do not hesitate ask your agent or lender to explain it to you. The lender and your agent are there to serve you. If they have your best interest they will want to you to understand what you re doing. Your lender may be able to give you fixed loan rate if you have a variable loan rate. Make sure you give the lender correct information in your documents.

Talk to your lender and negotiate, you may have that option in your program.