Just like finding a great real estate agent, finding a lender you can trust is key to having a successful home-buying experience. While your agent will help you find and close on the perfect home for you, your lender is the person who makes all the important money and mortgage stuff happen.
But not all lenders are equal…
We are all about informed decision-making around here! It is extremely important that ensuring you’re in a safe lending situation is a top priority for your lender.
A reputable, trustworthy lender, will be thrilled to explore the following 4 questions with you:
- Do you have a monthly budget and savings plan? Your lender should always ask about your budget and savings plan to make sure that your mortgage will fit into your finances. Without knowing about your expenses and how much you want to save, your lender won’t be able to know how much of a mortgage you can safely afford.
- Do you have an emergency fund? Homes can come with unexpected expenses, and having an emergency fund will ensure that you’ll be able to take care of those expenses without getting into financial trouble.
- Do you expect any income changes in the near future? A good lender will look at your job history with you and ask about your future income expectations. If you’re expecting any income changes, your lenders recommendations for mortgage options may change.
- Are there any current financial concerns or issues you need help with? Your lender should help you sort out any other concerns you have with your finances before locking you into a mortgage.
If exploring these questions doesn’t excite your lender, it could be time to seek a second opinion. If you’re looking for a great lender to help you along your home-buying journey, please my list of trusted lenders on the resources page of my website or reach out to me directly and I will be happy to point you in the right direction!