Three ‘R’s’ of home finance important when purchasing a home

EDMOND Among the most important business resources any Realtor develops are those they form with mortgage providers. Most Realtors have trusting relationships built with several mortgage professionals. The importance of these industry contacts has become more important in recent years. Since 2003 home mortgage interest rates have been at or beneath historic lows. The allure of cheap money has drawn many potential new homeowners into the hunt to fulfill the American dream of home ownership.

Among these are many who need help finding a trustworthy source for financing. Professional Realtors take their responsibilities quite seriously and can provide valuable insight to the homebuyer for just about every aspect of the transaction. Each home purchase has things that make it distinctive from any other home purchase. There are physical differences in each home as well as variations in the way the home has been kept.

But the most dramatic difference brought to each home sale is the buyer s qualifications for financing. For this reason alone it is important both to the Realtor and the homebuyer to find a mortgage provider whose business embraces the three R s of home financing. Making sure the person providing your financing operates according to these three guidelines will make your home purchase less stressful and will provide you with a surprise free mortgage.

Responsive Every home buying situation is in some way unique. Before anyone can be truly responsive they must first understand you and your specific needs. One of the surest ways to know someone doesn t yet understand you is when he quickly responds to your request by saying, I understand. The responsive mortgage provider asks a lot of questions and clarifies the customer s answers until together they reach a concert of agreement. Only then can an appropriate loan be structured.