Ayelet Gilad

Alpharetta Living, Real Estate and Community

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On Mortgages, Lenders And Everything In Between

Do you really know your mortgage company? Is it so important to know who your mortgage lender is BEFORE you start a transaction with them? Hell YEH! This is so keen, I wish I could emphasize this even more!

How much stress can you pile on a home purchase? A LOT! It is such an emotional and stressful process anyway, so why not reduced it a bit in advance? Trust me – it’s totally worth it to have one less thing to sweat about.

As the market shifts to seller’s market, and the regulation are loosening up a bit, you see more mortgage brokers returning, as well as new ones, entering the business claiming they can get you a mortgage.  But since they’re not established or experienced enough you can become a victim! Please be aware of all the new and less known lenders – you won’t get your mortgage, lose money and even the house you wanted! As I mentioned above, purchasing a home is a very emotional process and you have to get into it with logic in mind. This is why you need get your mortgage from a reputable company (ask me for referral) and you have to it before you start looking at homes.

Especially in this market, if you see a house that is very relevant for – you have no time to lose. You need to be ready with your pre-approval letter, be aware of all the costs (like closing costs, escrow etc.). Working with someone that has no solid reputation,  may lead to delays in closing and even eventually losing the house you really wanted to be your home. This is why I highly recommend to all my clients that the first and foremost important thing you should do when you decide to buy a home is to get your mortgage; and I don’t mean just pre-approved mortgage based on your credit score, I mean give the lender all the documents (like W-2, tax returns, etc.). I saw in the past, when the pre-approval is only based on credit history, sometimes, when you submit all the documents they will reveal your real financial situation and your mortgage might not be approved.

As I write about often in my blog, there’s plenty possible pitfalls when you’re buying a house, and when you work with me and with a reputable lender, we can make sure to avoid them and have a smooth, less stressful transaction.  Call me today @ 404-245-7172 to see how I can help you!