The housing market is up 20%, but consistently we are having trouble getting people to the closing table on time. Some deals even fall through because the lenders aren’t on top of things! Financing issues are a huge hurdle right now. The best thing to do before you go shopping is to talk to an agent about getting a lender. A good lender is key to the process and can make or break a deal!

First you need to find out if or for how much you qualify. A good lender will be able to give you a game plan on how to fix your credit or what you will need to continue to do in order to qualify. You should start this process at least 6 months before you plan to purchase your house. That way you will be on track to shop in the appropriate price range and close at the proper time.

When your lender starts to ask you for paperwork, make sure you get all documents in a timely manner. They are unable to do their job properly if you aren’t helping! Ask them throughout the process if there are any other documents they think you might need. Ask often how underwriting is going so you are keeping them on top of any issues that might arise. Many times we have seen delays in closing because underwriters are so bogged down they don’t ask for missing paperwork until it’s almost time to close and some of that paperwork might take several days for the client to obtain. Avoid pitfalls by keeping on top of the people who are working FOR you!

I have some names of several lenders that have consistently gotten clients to the closing table with no issues. If you’re looking to buy a home, make sure you align yourself with the right people working for you. I’d love to help!