This is the third post in a blog series on choosing a mortgage lender in Northern Virginia. So far, we’ve covered Part 1 and Part 2. In this article, we’ll pick up where we left off in our discussion of why it’s so important to have a lender who can meet their deadlines in your real estate purchase contract.
Choosing a Mortgage Lender – Meeting Contractual Deadlines is a Must!
If your lender starts missing their appraisal deadline, their financing deadline, etc. not only is this extremely frustrating to you, but the tough thing is that if your lender is a name and number who works out of an office in the mid-west, it’s just as hard for your agent to follow up with them to see what’s going on as it is for you to reach them.
When my wife and I bought our first home, we used a national bank that my wife had used for personal banking for over a decade. They had even been great giving us a business loan (which is harder to get than a home loan). For the home loan, they missed every deadline they’d agreed to… Read Part 4 in my blog series on choosing a mortgage lender.
Email me at DarrenRobertsonHomes@gmail.com to learn about down payment and closing cost assistance that’s available in your area!