I wanted to share with you kind of a public service announcement that is in no way shape meant to say someone else can’t do a great job. But I just want you to know what to be careful for, because there’s a lot of media talking about some opportunities that are out there. And I’ve just had two clients in the last three weeks have a bad experience.
Let me just kind of jump into it, and I want to talk about how important it is to go to the source. There are some real estate agents who are also trying to do mortgages. Now, listen, I’m not saying don’t. They might be very good at it. But here’s the challenge. Where is their focus? Is it helping you get the right real estate deal?
Make sure the inspection reports in your favor. Make sure that they’re representing you the best. Are they an expert? How can you be an expert at both during the transaction? It can be really difficult. Are they giving you every mortgage option available? If you’re trusting one person to do both, you have to ask yourself the question. If they’re not doing it full time.
Should you have some concerns about the availability of what they can do? This one’s becoming more and more prevalent. There’s a few mortgage companies cross country. They’ve gone to the large insurance companies and said, Hey, mortgages aren’t that tough. You could do on offer. Mortgages will pay a little bit of money and we’ll do the rest. And they can.
But someone’s getting paid and the cost of that payments coming in your interest rate. If you want to go to your insurances, you get insurance from the insurance agent. Don’t come to the mortgage guy to get insurance. Don’t come to the mortgage girl to sell real estate. Go to insurance agent to get insurance for your home. Go to your mortgage person to get a mortgage for you.
Why are they a consultant for the mortgage? Or they help you understand all the loan options that are available? Or are they just giving you some sort of code that someone told them to sell? How are they being a financial adviser to you? A mortgage is not just a debt that you pay. It’s a vehicle to help you acquire real estate, use real estate to increase your net worth.
And so many other things. I’m not seeing any knock on these industries, but go to the source for the service that you need. Have you real citizens sell you real estate? Have your mortgage on to get your mortgage. Have your insurance agent get insurance.