Key to Your Dreams Team
The 18 Vital Questions To Ask Before You Sign ANYTHING! The 13 Vital Questions To Ask Your Realtor Or The 5 Vital Questions To Ask Your Lender
Warning! Do Not Sign Any Documents Before You Read This Report
You are making some substantial commitments when you sign your name to loan documents or real estate disclosure forms. Some documents are simply giving you information, while other documents are obligating you to work with that specific Realtor or lender, no matter what! You could end up obligated to someone you do not trust!
Now you can learn what questions to ask before you sign anything in a free report titled, The 20 Vital Questions To Ask Before You Sign ANYTHING!! The information in this report will allow you to take charge of your real estate transaction by learning about the programs and practices of the businesses (Realtors and lenders) that want your business.
Discover the questions that some Realtors and lenders hope you NEVER ASK!
Five Questions To Ask Your Lender – Before You Sign Anything!
1. Do you have a variety of loan programs to fit my cash flow and expected length of ownership needs?
Yes, I have access to 285 lenders and way too many loans programs if you want my personal opinion, but that ensures that we have several different loan programs to ensure your specific needs.
2. Do you offer pre-approvals, not just pre-qualifications?
Actually, I rarely do pre-qualifications as they are not worth the paper they are printed on. I want my Clients to be approved (it is like money in the bank) so that all we have to do is get the property approved. Transactions go smoother and have less hurdles to go over and you are able to make lower than list price offers and get them accepted if the Seller knows you are approved....
3. Do you have the ability to handle difficult credit history?
Yes, although you need to understand that this makes the process a little longer and the need for your approval all the more necessary. The first thing we need to do is run your credit report to find out what your Credit Score is. The Lending Institution is 100% Credit Score Driven and I can explain this more in detail for you.
4. Is the rate that you quoted me the rate I will get at closing?
When you are approved - we will lock in your interest rate so the rate quoted is the rate you will get at closing. Now you will receive a Truth and Lending Disclosure that will not match your interest rate- remember that this is a Government Form and the Government thinks that some of your closing costs should be added to your interest rate and then expensed over your 30 year loan term. This form is required by law to be signed, but your interest rate is not this interest rate. In fact, most of my Buyers have the Seller pay 3% to 6% of sales price to their Closing Costs so then this form really does not apply, but we still have to have it signed.
Until we verify all of your information and then submit your file to a lender and receive a list of information he will want to see and we will need to provide him with that information as soon as possible. We may have to write some weird letters and provide Bankruptcy, Divorce Papers or other information that is sensitive- but if they require it, we have to do it or not get the loan. It is basically that simple. Now you may feel uncomfortable in this process especially when we write some weird letters that may not be 100% truthful, but remember we need to satisfy his requirements that are placed on him by his Boss, etc.
5. Can you give me a list of your last three clients as references with their phone numbers?
I would be happy to and I will try and match you with like individuals (i.e.; first time buyers, investors, second time home buyers, refinances: cash out & no-cash out). All of my Clients know that they are becoming advocates for my business in order to receive my knowledge of real estate and lending.