One of my favorite quotes I have read is by William Ward, who explained the roots of being prepared with his memorable motto: "The mediocre teacher tells. The good teacher explains. The superior teacher demonstrates. The great teacher inspires." The home-buyer is fortunate today to be surrounded by competent Mortgage Professionals and Realtors® as teachers who have the skills to translate the complex home buying process into something easy. These three important steps are always explained during the home buying process when dealing with seasoned and tested mortgage and real estate professionals and will ensure you have a smooth home buying transaction.
Take Careful Note:
Any of the following actions will change your loan approval criteria. In some cases, the change could nullify your loan approval.
- Do not apply to other creditors (including automotive, credit card, department store, leasing companies) during the processing of your loan.
- Do not make large purchases on your credit cards or other credit lines.
- Do not make large deposits to your checking or savings without an explanation and verification of the source of the deposit.
When dealing with mortgage or real estate professionals be sure you are dealing with one who has a history of delivering product knowledge and has a tact for educating their customers. Never choose a loan officer or agent simply because they have a “Big Corporate National Name” behind them, remember that name represents the company it shows nothing for there individual merits.
Robert B. Summers
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