Making the decision to purchase your first home is one of the biggest decisions someone will make in their lifetime. This decision requires a lot of planning. If the future home buyer has a caring, knowledgeable real estate agent and a professional mortgage lender assisting you from the beginning, finding, and financing your first home can be and should be an exciting time
So many clients avoid talking to a lender early in the process, because they are concerned their finances are not in the right place to purchase a home. What they don’t realize is that a lender will be able to help them. Meeting to discuss strategy, timing, and goals will ensure the client is in a great place once they are ready to move forward.
Strategic planning by both the client and the lender in the beginning is a key element in the loan application and approval process. It helps move things along in a more efficient manner. A trusted mortgage lender is someone who is happy to meet with clients to complete a prequalification to purchase in the near future or to put a plan into action so financing a home is possible within the next year.
One of the best places to start is understanding a true credit report. It’s important for the client to use more information than just the credit scores given by credit solicitors. A lender can help the client understand what actions need to be taken to improve their credit scores as well as what actions need to be stopped. There may also be mistakes on the report the client does not know about. A lender can find these mistakes and help correct them resulting in a higher score.
A mortgage lender can also help the client determine how much they can purchase and what type of loan program works best for them. There are a lot of factors for the client to consider like deciding how much to use as a down payment or what would be an affordable monthly payment. A mortgage lender has a lot of helpful knowledge about all of the available lending programs and would be able to match the client based on his or her needs.
Laurie Parker, of the Fonville Morisey Falls Office, tells all of her clients that the first step of buying a home is talking to a mortgage lender.
“In this market, the client has to be ready to pounce or will miss out. The financial pieces need to be in place in order to get that preapproval letter. I tell my clients that there are two numbers – the amount they qualify for and the amount they are comfortable paying. When we know these numbers and find a happy median, we are able to find the right house for them without wasting time or creating disappointment. When the process is over, the client is the one left with the payment. I want to ensure that my client is getting the best deal. A FM Lending mortgage officer is a mortgage banker who shops for the clients. They will find my clients the best deal while saving them time and money.”
Talk to a mortgage lender today! Soon, you will be celebrating home ownership!
About FM Lending
FM Lending Services is a full service mortgage banker specializing in residential purchase and refinance loans in North Carolina since 1992. FM Lending Services offers a wide range of mortgage products and is consistently awarded the highest rankings by the North Carolina Housing Finance Agency and USDA. We have built a strong reputation in the Carolina’s for service, on time closings and professionalism. We pride ourselves on serving the lending needs of real estate professionals and their clients and many of our originators consistently rank in the TOP 1% of Mortgage Originators in the country*. It’s our mission to create an extraordinary customer experience through the efforts of our knowledgeable and caring mortgage professionals where relationships are valued and the focus is on treating every client with white glove service. We’ll work closely with you throughout the financing process, helping provide valuable information so you can make informed decisions.
FM Lending Services (Prosperity Home Mortgage, LLC dba FM Lending Services), *Ranked by Loan Originator Magazine