Lower Your Payment
Lower your monthly payment!!!
A Must Read Before Signing Anything
Making a long term decision of 15 to 30 years has major impact on your future. Selection of a professional Realtor is critical to keeping your monthly payment low. Many people enter the real estate industry only later to leave after a short time. Everyone knows someone in the industry. Are you aware that only about 10% of the Realtors have over 5 years experience! Experience and knowledge is key to your success. Top agents have teams of experienced core vendors that will reduce decision stress and save you thousands! Experience Is Priceless!
- Top agents have established business relationships with other top professionals including: loan officers, ASHI inspectors, title companies, attorneys, accountants, surveyors, contractors etc. These professional contacts will provide top services at reasonable prices. These core vendors will save you in time and money.
- Top agents can't give legal advise but will provide tremendous assistance in determining fair market value of property, negotiating contracts and counter offers, riders: appraisal, FHA, VA and discussing building inspections and preparing inspection responses for their clients. As an your Exclusive Buyer Agent you can expect the same confidentiality and legal relationship as with an attorney. Best of all the fee is paid by the seller on listed property but the Buyer Agent works for you exclusively.
- Your top agent will discuss your financing options as they are familiar with the various loan programs. These discussions will bring you up to speed so when you meet with a loan officer for your pre-approval you will be able to ask questions to decide on the best loan program. The professional relationships established with core lenders will save time and avoid junk fees. The lender will provide you with a good faith estimate(GFE) for the loan. The annual percentage rate(APR) reflects the cost of securing the loan. The closer the APR to the quoted loan interest rate the better, as this indicates lower loan costs and reduction in possible junk fees.
- There are differences between lenders. There are banks, mortgage brokers, credit unions and mortgage bankers. These institutions will shop their resources for your loan quote. Most source their money from the same sources but not in all cases. The major difference will be working with a core lender of the agent to assure a smooth closing at a fair cost for the loan. The majority of loans are sold to loan servicers either prior to or after closing but the negotiated terms remain as stated at the time of closing.
- Trying to time the interest rate market for the lowest rate is difficult at best since rates can adjust several times per day and the lowest rate may only be offered for a few minutes. If there is a concern about the lowest rate some lenders for a fee will give a rate lock with float down provisions. This is cost effective in some cases depending on market volatility.
- Remember your Exclusive Buyer Agent is representing you as a buyer or Listing Agent is representing you as a seller! You can expect confidentiality similar to that of a client attorney relationship and a negotiator that has a legal responsibility to you. You are part of team and as such open frank discussions are a must for the best possible representation. Remember last minute suprises of information could cost you significant money so be open and honest with your realtor team and loan officer to secure the best value in your real estate transaction.
Would you like to begin the process and set up your real estate team? Call today for a FREE confidential meeting to discuss your real estate plans.
Sincerely,
Jim Reinsmidt
Broker, CDPE
314-504-7700
800-604-2332
