When you are in the process of buying a house, you need all the help that you can get. Trying to navigate through the process of making an offer, getting approved for a mortgage and eventually closing on the loan can be intimidating to say the least. If you are in the market for a house, finding a team of people to help can be of great value to you. Loan officers and Realtors regularly work together to be able to make the transition of buying a house smooth for buyers.
Find a Good Realtor
Finding a good Realtor can go a long way toward making the process work for you. Most quality Realtors have loan officers at local lenders that they prefer to work with. If you prefer to start out by choosing your lender, your loan officer can probably recommend a good real estate agent in the area for you to work with as well. If you trust the initial party that you are working with, trust his recommendation as to the other half of the team as well.
Knowing What to Look For
When you have a good Realtor and a loan officer to work with, you will be able to avoid many of the pitfalls that homebuyers often come across. For example, your Realtor will be able to help you choose houses that he knows you can get approved for with your chosen lender. He may know the process that the lender uses in regards to appraisals and debt to income ratios and can point you in the right direction.
Making Closing Go Smoothly
Making your home closing go smoothly should be a top priority for you as a homebuyer. The process of buying a house can be very complicated and the closing is the culmination of these steps. When you go through a home closing, you will have to sign many different documents and the title to the property will eventually be transferred over to your name.
When your Realtor and loan officer are on the same page, they will be able to navigate you through the closing process quickly and easily. Your Realtor will be able to explain the closing process for you because he knows how the loan officer works. The loan officer will be able to get all of the documents that he needs from you at the closing as well. Having these two parties working closely with you can make your life a lot easier and help you get in your home quicker.