And the 'rithmetic mentioned? The internet provides many opportunities for potential home buyers to educate themselves regarding the home buying and mortgage process. An educated buyer is a huge plus to any real estate professional.
However, with the mortgage industry presently being so challenging, rapidly changing rules and regulations, and the individualized nature of each mortgage file, it's almost impossible for a non-professional to navigate, know, and understand what's to be considered for mortgage approval. It's hard for them to know the right 'rithmetic involved.
Simply put, the simplistic services and calculators provided in many places online can mislead or confuse potential buyers. Typically what I find, is that they think they cannot possibly buy ... when in fact they can or are much closer than they think to that goal.
Again, our combined effort in urging potential buyers to seek the advice of a real estate professional (and in particular an experienced mortgage lender) is very important.
I hope that you and your clients always feel that you can contact mefor answers to questions, guidance, and service. I know I look forward to your contact.
Gene Mundt, Sr. Vice-President
1823 Centre Point Circle
Naperville, IL 60563