Mortgage and Portfolio Loan Guide

How to Buy a House Without Lying to Your Mortgage Lender

How do you actually close on a house without trying to sneak something by the big bad lender?

For some reason there’s this skeleton in everybody’s closet that they don’t want the lender to find out about. They think that if the lender finds out everything is going to fall apart, and they’re right.

But, there are certain things that need to be talked about or resolved, before closing on a house. Here’s the thing, one thing you have to remember is that if there’s an issue, we are going to find out.
There’s no sweeping stuff under the rug.

The way that you buy a house without lying to your lender is by telling the truth from day one.

By doing that (being completely transparent about all of your financial circumstances) it gives the lender the opportunity to work on a solution. Otherwise what happens is the lender finds out some other way.

By waiting, and not telling your lender you set yourself up for failure.

The realtor is set up for failure.
We’re all set up to then be scrambling to try to find a solution the day before closing.

Then the stress level goes through the roof. “what’s going to happen? Am I going to be homeless?”

When really this stuff could have been resolved a month ago (most of the time), and then the stress level isn’t as high.

Let’s just put all the pieces of the puzzle together at the same time, at the beginning, as soon as possible. If you know that there are any issues let’s get it in and figure it out.

We’re all about solutions. Let’s figure it out.

Solutions.
Resolutions.
Resolve.
Opportunity. 🙂

I don’t see an issue as “end of the world”. I see an issue as “hey, we’re going to learn something now, we’re going to figure something out.”

Networking in Livingston County Michigan

I learn something special from everyone I meet.

The young bucks trying to make an impression. The thirty-somethings building their legacy. The seasoned pros with the wisdom you can only gain through a lifetime of persistence and hard work. They all have something special I take away from each interaction.

I attend at least one event or gathering on a weekly basis in Livingston County and southeast Michigan with the goal of connecting with someone. Not necessarily the typical “making connections” with big-wig idea. More along the lines of seeking a genuine conversation with a fellow Michigan professional, and having that “Yup, this is a cool person that I would like to do business with” type of connection.

One event in Livingston County was particularly intriguing. The Livingston County Association of Realtors (LCAR) hosted their annual Education Expo, or “Education Sensation” at Cleary University in Howell, MI. We had the opportunity to be a sponsor for this event, and have a booth like all the other vendors (lenders, inspectors, title insurance, attorneys). What was unique about this event is how there was an incentive for everyone attending the event to visit each vendor booth. When visiting each booth the individual has a “scavenger hunt” checklist they aim to complete. The checklist consisted of pre-written questions to ask each vendor (the questions of course are chosen by each respective vendor). Whoever gets the most correct answers on their scavenger hunt checklist wins a prize!

interesting concept livingston county networking

  • Sponsor an event related to your industry
  • Set up a booth with goodies
  • Come up with a question that you want every one of your prospects to ask you.
  • Ultimately highlighting what specifically separates you from your competition!

Not only do they have to ask you the question, but they have an incentive to write down the answer! Naturally this forces them to not only listen, but it then leads into a memorable conversation. Of course time constraints can limit the effectiveness of the interaction, but you get the point. You are naturally positioned to talk about your business in a way that is unique, and more likely to connect with everyone involved in the discussion (as long as you’re clever with the wording of the question).

michigan first mortgage mug2I didn’t have any idea how powerful that was going to be.

Of course, I was too wrapped up in the preparation of the event, sneaking my business card into each giveaway coffee mug. Little did I know that our heavy-duty coffee mugs weren’t going to have the lasting impact that we were shooting for. It was the quality of the conversations that provided the greatest value. Who woulda thought?

There are so many resources in Livingston County to take advantage of, and help gain exposure for your business. LCAR is great if you’re in the real estate industry. Definitely connect with the Greater Brighton Area Chamber of Commerce as well. They have an event (almost daily) where you have an opportunity to network with local business owners and professionals. Their tireless support  team seems to be truly interested in helping you succeed and grow. Of course the big picture goal in all of this is to create genuine relationships within the community, and change the world! The Greater Brighton Area Chamber of Commerce will surely play a part in that if you’re building your business in Livingston County.

Do I Really Need a Realtor? LOL

Is a Realtor Necessary in this Market?

It’s 2014 for goodness’ sake! With so many mobile apps and websites, you literally have the world in the palm of your hand. Is it really necessary to use a Realtor when buying or selling a home? The answer is Yes! I’ve had the pleasure of working with Livingston County, MI expert, Wendy Hoover. Wendy was able to give me some feedback as to why having a Realtor in your corner is more important than ever.

Why do you need a Realtor?

The home buying process should be fun and exciting and is also one of the biggest financial investments you will make. It is important to have someone on your side to help you navigate through all of the ins and outs of finding your perfect home. It’s all about you…your needs, your dreams, your goals, your questions and your concerns. It’s important to chose a Realtor that you are comfortable with and who has your best interests in mind.

A good real estate agent will save you time, money and headaches. We guide you through the home buying process from start to finish. The first step is to talk to your lender to determine what type of financing would be best for your individual situation, and get pre-approved. In this market, good homes go fast so it is critical to have a pre-approval letter to submit with any offers you make. Most sellers won’t even look at your offer without knowing that you are a qualified purchaser.

The next step is to analyze your needs, search listings, and view properties. Your Realtor will have access to listings as soon as they come on the market, and will be able to guide you towards listings that will work for you and your financing so that you aren’t wasting time.

When you do find a home and are considering making an offer, your Realtor can research homes that have recently sold in the same area and are comparable to the home that you want to put an offer on. This will help you make an educated decision based on current market value. We will also counsel you on market conditions and trends so that you have the best chance of getting your offer accepted.

Your Realtor will negotiate the terms of the contract, coordinate inspections, resolve issues and work with the title company and lender on your behalf to ensure a smooth closing.

It really is a team effort, and there are many pieces to the puzzle. Whether you are a first time buyer or you are well seasoned in the real estate market, it always pays to have a good team on your side. To start searching for homes today, please feel free to visit my website or call me at 810-534-2026.