Who’s First: REALTOR® or Mortgage Officer
When you are looking to buy a home, whether it’s your first or tenth, having the right team on your side is critically important. Your team should consist of a REALTOR®, mortgage officer, home inspector, possibly termite inspector and on and on.
Most of these team members will be added on as the process evolves, but it is critically important to have your REALTOR® and mortgage officer early on.
If you talk to a REALTOR®, they will tell you that you select your REALTOR® first. Of course, if you talk to your mortgage officer, they will tell you that you need to select your mortgage officer first. In reality, it makes no difference which of the two you select first, as long as they are both early on in the team building and they are professional and work well together.
If you ask me, I would suggest that you select your REALTOR® first. The reason I say that is because your REALTOR® will help you identify other team members, such as home inspector, etc. But if you were to ask me about a mortgage officer, I would suggest a couple of things.
First of all, make sure you select someone who will communicate with you regularly and clearly. In addition, you want a mortgage officer who can offer you several options in selecting a mortgage. When it comes to mortgages, one size does not fit all.
Another option that I think is very important is the ability of a mortgage officer to counsel buyers, especially first time home buyers, in the event there are issues on your credit report. All too often home buyers who may not qualify are simply told that they do not qualify for the loan, but are not told what to do to improve your credit score.
That is why a REALTOR® who has worked with mortgage officers before and can recommend them is a big plus for home buyers. If you are looking for a mortgage officer, I would recommend that you call Kewan Lewis from Bayshore Mortgage Funding. Besides the fact that Bayshore Mortggage Funding has an A+ rating from the Better Business Bureau, Kewan is well known by local real estate agents for his communication with both the real estate agents and the home buyer. And if you find that your credit score is less than stellar, Kewan can help you identify areas that will improve your score. You can reach Kewan at KLewis@BSMFunding.com.
If you are thinking of buying or selling, talk to a real estate professional – talk to a REALTOR® -who can give you the information you need to make an informed decision.
As always, if I can help with any of your real estate needs, please feel free to text or call me at 301-712-8808 or email me at RolandLow1@gmail.com.