Comments on: Does the realtor help to get approved for a home loan or should we get approved and then approach one? http://www.rcp-brcko.com/realtor/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/ Thu, 17 May 2012 15:27:59 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: A * T http://www.rcp-brcko.com/realtor/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-767 A * T Fri, 01 Jan 2010 14:00:59 +0000 http://www.rcp-brcko.com/realtor/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one#comment-767 To a degree, they know a lot of people in your situation so they could recommend some one to you. They make a commission off the sale price, so I don't see how it would hurt to take a referral from them. How much you get approved for is between your credit report & the lender, nothing to do with the realtor. Really depends on the realtor you get & how much they are willing to put into selling you a house. The realtor I used was extremely helpful & I had trouble with the first loan officer I tried & the realtor recommended some one to me from a bank & with their loan officer everything went very smoothly.<br><b>References : </b><br> To a degree, they know a lot of people in your situation so they could recommend some one to you. They make a commission off the sale price, so I don’t see how it would hurt to take a referral from them. How much you get approved for is between your credit report & the lender, nothing to do with the realtor. Really depends on the realtor you get & how much they are willing to put into selling you a house. The realtor I used was extremely helpful & I had trouble with the first loan officer I tried & the realtor recommended some one to me from a bank & with their loan officer everything went very smoothly.
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]]> By: carolinagirl http://www.rcp-brcko.com/realtor/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-766 carolinagirl Fri, 01 Jan 2010 13:21:59 +0000 http://www.rcp-brcko.com/realtor/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one#comment-766 It's much easier on you if you get pre-approved before you start looking at homes. That way you know what price-range you should be looking in. A Realtor can recommend some loan officers for you but shouldn't tell you which one to use.<br><b>References : </b><br>Licensed NC Realtor. It’s much easier on you if you get pre-approved before you start looking at homes. That way you know what price-range you should be looking in. A Realtor can recommend some loan officers for you but shouldn’t tell you which one to use.
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Licensed NC Realtor.

]]> By: Glenn S http://www.rcp-brcko.com/realtor/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-765 Glenn S Fri, 01 Jan 2010 12:36:59 +0000 http://www.rcp-brcko.com/realtor/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one#comment-765 Experienced Realtors have a couple of lenders that they like to work with because they trust them. If they say they can get a loan closed they can usually get the job done in a timely manner. These lenders put extra effort for their Realtor's because they keep coming back with new business. A lazy or inexperienced lender (and there are a lot) will screw up a transaction more times than not. If the lender knows that they probably won't be getting anymore business from a particular Realtor they often times will not put in the extra time and effort that a deal might require.<br><b>References : </b><br> Experienced Realtors have a couple of lenders that they like to work with because they trust them. If they say they can get a loan closed they can usually get the job done in a timely manner.

These lenders put extra effort for their Realtor’s because they keep coming back with new business.

A lazy or inexperienced lender (and there are a lot) will screw up a transaction more times than not. If the lender knows that they probably won’t be getting anymore business from a particular Realtor they often times will not put in the extra time and effort that a deal might require.
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]]> By: I Buy And Sell Houses http://www.rcp-brcko.com/realtor/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-764 I Buy And Sell Houses Fri, 01 Jan 2010 11:48:59 +0000 http://www.rcp-brcko.com/realtor/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one#comment-764 The Realtor can help by suggesting specific lenders or mortgage brokers. Typically, they're ones who are professional and can get the deals through. However, the Realtor really can't "help [you] to get approved." Realtors like for you to be preapproved before they start working with you on finding homes. However, there's nothing wrong with going to a Realtor and saying, "I'd like to work with you. I'm not preapproved yet. Can you suggest a couple of lenders who you know and work with that I can go to to begin the approval process?" And especially if your situation is somewhat unusual or difficult, the Realtor may have some suggestions for lenders who'd be more willing to work with you. Hope that helps.<br><b>References : </b><br> The Realtor can help by suggesting specific lenders or mortgage brokers. Typically, they’re ones who are professional and can get the deals through. However, the Realtor really can’t "help [you] to get approved."

Realtors like for you to be preapproved before they start working with you on finding homes. However, there’s nothing wrong with going to a Realtor and saying, "I’d like to work with you. I’m not preapproved yet. Can you suggest a couple of lenders who you know and work with that I can go to to begin the approval process?"

And especially if your situation is somewhat unusual or difficult, the Realtor may have some suggestions for lenders who’d be more willing to work with you.

Hope that helps.
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]]> By: Amy C http://www.rcp-brcko.com/realtor/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-763 Amy C Fri, 01 Jan 2010 11:08:59 +0000 http://www.rcp-brcko.com/realtor/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one#comment-763 Sometimes your realitor can suggest a loan officer. They know who is good for working with first time home buyers and what not. Or you can go with someone who is recomended thru a friend or whatever.<br><b>References : </b><br> Sometimes your realitor can suggest a loan officer. They know who is good for working with first time home buyers and what not. Or you can go with someone who is recomended thru a friend or whatever.
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]]> By: KayKay http://www.rcp-brcko.com/realtor/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-762 KayKay Fri, 01 Jan 2010 10:19:59 +0000 http://www.rcp-brcko.com/realtor/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one#comment-762 a realtor will be looking for her best interests not yours..apply with banks for one then find the realtor<br><b>References : </b><br> a realtor will be looking for her best interests not yours..apply with banks for one then find the realtor
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]]> By: golferwhoworks http://www.rcp-brcko.com/realtor/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one/#comment-761 golferwhoworks Fri, 01 Jan 2010 10:03:59 +0000 http://www.rcp-brcko.com/realtor/does-the-realtor-help-to-get-approved-for-a-home-loan-or-should-we-get-approved-and-then-approach-one#comment-761 some can some cannot. Just look in the yellow pages or ask a friend or family members who does their loans and use them<br><b>References : </b><br> some can some cannot. Just look in the yellow pages or ask a friend or family members who does their loans and use them
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