Choosing the right lender

Choosing the correct lender to help you through your home purchase is as important as choosing the right real estate agent.

I just closed a deal where I represented the seller. The buyers had a lender that left $900 of closing costs "on the table". The sellers had agreed to give a certain amount back to the buyers. However, these closing costs are closely regulated and strictly spelled out in the real estate contract. The buyers lender had over a month to get his job done. They, like many lenders, left everything to the last minute.

Long story short, there was a $900 mistake that the buyers had to eat. The sellers came out with $900 more. This is just one small example of how a lenders inability to get their job done can cost a buyer.