What Should I Expect from My Lender and My Real Estate Agent’s Relationship?
The relationship between your lender and agent is extremely important when purchasing a home. The new market environment has many more regulations, hoops and sharp turns and everything relating to your home purchase should be correct and accurate up front.
The lender doesn’t want any surprises, like a seller credit the day before the lender is supposed to draw loan documentation, since surprises can cause delays which can prevent meeting important deadlines. Not meeting these deadlines can have consequences for the buyer, from losing your deposit to not being able to purchase the home at all!
Having an agent and a lender who fully understand the process and have your best interest in mind when securing financing and finding a home makes the entire transaction run more smoothly and puts you in the best position possible.
Many details of your purchase are ones your lender and agent work together on to be sure the home you’re buying is in good shape. Insurance, inspections, appraisals and understanding your financial goals and future plans are just a few things that allow your agent and lender to be sure that you are buying the right home, at the right price, and that you’ll be in the best place to move forward with one of the biggest investments of your life.
Communication is the most important thing all around so that there are no surprises!
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