Why It’s Important For Your Loan Officer to Attend Your Closing.
July 26th, 2007 Categories: Buyers, Mortgages & Loans
I had a closing today with two clients I’ve been working with for a few years planning their first home buying experience after they got out of law school.
They were lucky enough to find a listing that offered a free 1/4 point buy down on their loan for the first year.
As we sat in closing today reviewing the HUD-1, everything looked find to me, the closing agent and my clients. Until I saw one of my favorite loan officers, Peter Blizniak, pulling out his file and comparing some numbers. I leaned over and asked him if the buy down was included.
He was already checking. I looked across the table and told the closing agent to hold on a minute.
Next Peter ran out of the room to make some phone calls. That’s when I told the closing agent that it looked like the loan papers were not correct and we needed a break.
The short of it was– the loan company’s computer system didn’t pick up this special offer that was only offered for a few months. Within 20 minutes we had the new loan documents saving my clients over $2,000.
Buying real estate is personal. I believe that the people you hire to help you buy your next home should not be just anyone or anything– they should be people that you like and trust and people who are going to be more than a phone call away— they are going to be in the room—- from beginning to end.
In this age of Internet everything– don’t forget to make relationships with professionals you’ve met, looked into their eyes and shook their hand- they just may save you some money in ways you never thing of.
[…] Why Its Important For Your Loan Officer to Attend Your Closing. […]
[…] But buying a mortgage is anything but simple. Buying a home is the largest single investment most people make in their lifetime. When people start shopping for a mortgage, they don’t even know enough to ask this simple question. Most people don’t even understand why they should care to ask this question. This is why the one thing they look for is the lowest interest rate they can find. It’s easy to understand–and the thing they think will save them the most money. But applying for and obtaining a mortgage is so much more than just the interest rate. I recently had a closing where having their loan officer attend their closing saved my clients money. So do your homework. […]