This is the fourth post in a blog series on choosing a mortgage lender in Northern Virginia. You can read Part 1, Part 2, and Part 3, if you’re just joining us. In this article, we’ll finish discussing the consequences of a lender missing your contractual deadlines…
Choosing a Mortgage Lender – Not Meeting Contractual Deadlines Can Cost You Your Home
If your lender doesn’t meet the financing deadlines in your contract, the seller can simply cancel the contract and pursue another interested buyer. In the case of my wife’s and my first home, our lender almost caused our settlement to be delayed and was several weeks late on their financing deadline. If the seller had wanted to move on, we could have lost the home because of these missed deadlines and my wife and I thought we were going to have a heart attack because of it. Over the past several years, I’ve seen my clients in similar situations – stressed out because of their lender. Buying a home is stressful enough without a lender adding more stress.
Read Part 5 in my blog series on choosing a mortgage lender in Northern Virginia.
Are you thinking of buying a home in Northern Virginia, but you’re not sure where to start? I’m passionate about working with first time home buyers, largely because of the bad experience I had back when I bought my first home. Call me at 703-462-0700 or email me at DarrenRobertsonHomes@gmail.com so I can go to work for you! I can also point you in the right direction in helping you with the process of choosing a mortgage lender.