Home Buying takes teamwork.

After searching the Internet for days when a potential buyer finally gets serious and decides he or she is really going to buy a home. The first step is usually one of two things. A) They go to a lender and see what they can afford or B) They meet with a Realtor and start looking at houses. When I run into someone who fits option B I always take them to a mortgage broker. This way we can have a good starting point for our home search and I can find that person a home that fits their budget. Today I was working with someone from option A, who had already done all of his preliminary paper work that comes with getting a loan and was going to speed up his home purchase. I mentioned several times that I would like to talk to his loan officer but he wasn't having it, he was going to take care of that stuff himself I was just to write the offer. What he doesn't realize that all not all mortgages work for all homes and this particular home he was rushing into buying would not be acceptable to the FHA loan he was planning on using. So by hurrying up and doing everything himself he actually wasted a few days and set himself back in the home buying process.

All lenders have Realtors they work with on a regular basis and if you a person like I described in option A please ask your mortgage broker for a list of Realtors he would recommend you work with. Then find the one that best meets your needs as a buyer. If your an option B person ask your Realtor for a list of good lenders find the loan that will work best for you and then get a good faith estimate from all the lenders on that list. Either way make sure that your lender and your Realtor exchange contact iformation and are working side by side on your home purchase. When Realtors and Lenders work hand in hand on a Real Estate transaction things go much more smoothly.