The home
buying process can be stressful for the home buyer and the real estate agent if
you do not have trusted partners working together for the client. This is where
the team at Hometown Lenders comes into play. While serving all of
Central Kentucky and Tennessee, with offices in Lexington, Richmond,
Elizabethtown, Owensboro, Louisville, and Nashville, we are truly unique in the
way we conduct business. We would love the opportunity to demonstrate our core
values, knowledge, and professionalism as a mortgage lender.
While home
buyers ultimately decide which house they will purchase, real estate agents
have to select criteria-based homes to show clients, place offers, and
negotiate deals- all while keeping their clients content and happy with their
service. To help make the process of closing on a home easier, many real estate
agents choose to partner with a mortgage lender to have a direct referral for
preapproval and loan products for their customers. This should always occur
during the front end of the process, before even looking at a home to avoid any
disappointments. If you are a real estate agent and you have never thought
about partnering with a mortgage lender, Hometown Lenders wants to
change that. Hometown Lenders’ overarching goal is to show you why it is a great
decision for real estate agents to partner with a preferred and experienced
mortgage lender.
When clients begin
looking for a home to buy, their first step should be acquiring a realtor and
looking into lenders for a reliable, preapproval amount toward a loan. Unfortunately,
many potential home buyers do not look into the lenders before they begin their
search for a home. If this type of home buyer decides on a home and proceeds to
make an offer, a mortgage lender must be contacted to see if the customer can
even qualify for a loan to purchase the prospective property. When real estate
agents partner with a mortgage lender, qualifying and assigning loans is much easier
because there is already an assembled team ready to do everything they can to
close this client. Not only does this partnership make a real estate agent’s
job smoother, this also helps ensure that your clients are satisfied because
you can recommend a mortgage lender that you trust and one you know will be
efficient, timely, and have their best interest in mind when recommending the
perfect loan product. This pyramid structure benefits all parties involved (the
client, real estate agent, and mortgage lender).
Because
mortgage lenders and real estate agents are the two most needed components of
any home buying transaction, it is only logical to work together and form a
partnership. Real estate agents need mortgage lenders for sales to be finalized
and mortgage lenders need real estate agents to connect them with clients who need
financing options. Forming a strong business relationship with a mortgage
lender will make a positive impact on your real estate business and the
client’s experience with you.
At Hometown Lenders, we truly believe that the partnership between a real
estate agent and a mortgage lender is one of the most beneficial relationships
there is in our business. Not only do these partnerships help both entities,
but it is also reassuring to know that you will have open communication with
your client’s mortgage lender every step of the way. You will always be current
on their status in the loan
process, notified of any changes, and confident in closing your client with
Hometown Lenders. Contact
us today!
