NOT ALL LOAN OFFICERS ARE CUT FROM THE SAME CLOTH!

If you are thinking about buying a home there are some well defined steps you need to take to prepare for this. With today's lending environment and the new North Carolina Offer to Purchase and Contract, tops on the list is sitting down with a Mortgage Loan Officer and letting them review your documents so you know you are qualified and exactly what you can afford before you shop for a home. There is nothing worse for a Buyer or a Seller than to be in the middle of making a purchase, spending money on Inspections and Appraisals and you hit a glitch in financing. This can and must be headed off for all parties involved.


The second thing to know is not all Loan Officers are cut from the same cloth, there are some good Loan Officers and some not so good Loan Officers. There are some good Lenders and some not so good Lenders. It is best to talk to your Realtor to find a Lender and a Loan Officer that they have experience with. If you think On-Line Lenders are a good idea think again. In my experience as an Appraiser and a Realtor I can tell you that dealing with someone from out of state, that you will never meet face to face in this process is not a good idea. An On-line Loan Officer doesn't know the particulars or nuances of your market and you will hit snags.

I have a great Loan Officer that I work with regularly. I know she is thorough, smart and she is well versed with current lending regulations. This is the kind of person you want to have working with and for you in the home buying process or for refinancing purposes. In my business it is beneficial to have good and successful partnerships like this in place. I am fortunate that the Loan Officer that I regularly partner with recently move over to Allen Tate Mortgage.

If you are getting started and want to know what you need to do to get yourself positioned to enter the market as a Home Buyer I suggest that you contact Kathy Hannam of Allen Tate Mortgage at 919-883-7470 to get the process started. If you have already talked to a Lender you can talk to her too and ask her about her "Best Rate Guarantee" Program.

The reason that I am talking about this is because the newly introduced North Carolina Contract now has a Due Diligence Period and a Buyer puts money on the table for a period of time in which a Buyer must do their Inspections, Appraisal and get their Loan Approval. With all of that at stake you can see why you want to work with someone who has a good team in place. With the current and ever changing lending environment you can see why having a good Loan Officer as well as a good Agent (me!) is imparitive.



http://www.8200willowglen.com/

 Give me a call I would love the opportunity to review the new North Carolina Offer to Purchase with you as you get ready to move forward. If you are thinking of listing your home for sale this new contract has an affect on you as well. You should be familiar with these changes and what is means for you as a Seller. Contact me, I will be happy to go over these changes with you so you know what to expect. We expect to see more buyers out this year and I want you to be prepared for success.