I hope you had a great weekend full of showings and writing and accepting offers!! Summer is in full swing and the purchase & building market is “hot” right now!! To make sure all those purchase contracts get closed , I have one rule that I suggest all my business partners follow that will save you, the buyer, and seller a lot of stress and anxiety- Get Preapproved- not just prequalified!.
One important thing I can’t stress enough to all my referral partners is the value of getting clients preapproved- not just prequalified. The extra step of verifying income, assets and credit by the lender before the client visits properties or submits an offer, will save everyone involved in the transaction a lot of stress and anxiety. Our time is valuable & I would hate for one of your clients to fall in love with a property( we all know how emotional the home buying process is!) just to find out that they don’t qualify to purchase that property. With all the changes that started on January 10, 2014 (QM mortgage vs non-QM mortgage), it’s more important than ever to have buyers preapproved.
Talmer Bank & Trust does preapprovals at no cost to your clients! FREE is cheap insurance to save the stress and anxiety that comes with the dreaded “I’m sorry you don’t qualify” phone call that a loan officer has to make to his client.
Save yourself & your clients time and stress and make sure they’re preapproved!! You’ll get more qualified clients closed more quickly with this one step.
Feel free to share this info with clients and colleagues!
If you’d like to discuss doing more business together and catching up on all the mortgage changes for 2014-
feel free to call me or email me back to schedule a time to meet.