But They're in Bed Together
When working with a Buyer one of the first things I ask is if they are pre-approved for a mortgage. I don't get into the specifics of how much you make, or what your current debt load is. What I really want to know is whether or not you have taken the time to talk to a mortgage professional. The last thing I want is for my Buyer to suffer a broken heart because they fell in love with a house that is out of their price point. If the answer is "Yes, we have been pre-approved." I will ask you for the pre-approval letter or the contact information for your lender. It's not because I don't trust you, but instead because I want to get to know the other half of my team. Buying a home is a team effort and you want the best players behind you. I know I can hold up on my end, I just want to make sure the lender can hold up on their end.
If the answer is "Not yet." I will gladly put you in touch with a mortgage professional that I have been working with for the majority of my real estate career. I offer the information for Ken Jordan of Freedom Mortgage because I know you will be in good hands. I have seen him get Buyers to the table that would have otherwise had the door slammed in their face with a big lender. I have my questions answered right away, and most important I trust Ken. His company does all of the underwriting in-house, meaning your file doesn't get shipped off to someone in a different time zone for approval.
Most people gladly accept Ken's information and stroll through the whole home buying process less stressed out than most. The only disappointment they have is they walk away from the settlement table without a classic home buying horror story, but I'll take it. Still, there are some people who are convinced that if I recommend someone to them I am in cahoots with that person, as if to say that I receive some financial compensation for referring Freedom Mortgage. I can assure you this is not the case. As a matter of fact, practices like that are not only frowned upon, but they are illegal. That's right, I'll say it again. Those practices are illegal in our world. I can recommend services to you, but I cannot force you to use my recommendations, nor can I accept compensation for those referrals. Realtors and outside services are not in bed together. We run in the same circles. We assit the same people, Buyers and Sellers of real estate. We might even know the same people, but we are in no way able to force you, as the consumer, into a relationship for services related to your real estate transaction.
Please understand, however, that if you are offered a recommendation by me for a service you need to get through your real estate transaction it is being offered to you because I trust the provider. I have been in this business for over a decade, and in that time I have come across some pretty amazing people, and some less than stellar individuals. Most of those lacking in their field have since fallen away, thankfully. However, those who have impressed me, and continue to impress me by keeping up with the times, providing quick responses and excellent customer service, have become my go-to providers. Those services include home inspectors, termite inspectors, property insurance, home warranty services, and mortgaging.
When going through the process of Buying or Selling a home you should not feel alone in the process. It is absolutely a team effort. You are the owner of the team, your Realtor is your coach, and the other services needed should be your starting line-up. Be sure to get the best team behind you, and start with Lorna Kozlowski as your coach.