If you are thinking of buying a home, this is important home buyer information you don’t want to miss. While looking at some of the You Tube videos, I found this particular one, I feel is EXTREMELY important for anyone thinking of buying a home.
It is vital to have a good Lender that thinks about long-term clients, meaning YOU.
What some of the Lenders don’t get… is the quick gratification that they get in payment for doing loans, can not only do the Home Buyer harm but also will end up leaving them with no return clients. Some Lenders right now and in the past few years, especially those just getting into the business and wanting to make that “quick buck“, put Home Buyers into HORRIBLE loans. Those Home Buyers who are now homeowners are suffering and many are losing their house.
That is why it is essential for you, as a Sacramento Home Buyer to take a moment and listen to this video. If you have a REALTOR® who cares and is not in the business to make the “quick buck,” then the REALTOR® can give you Lender names, that they have worked with in the past, where the Sacramento Home Buyer’s best interests are looked out after. As a Sacramento REALTOR® that’s what I do for my home buyers and it gives me good peace of mind knowing my home buyers understand their loans.
But, it is imperative that you, as a Sacramento Home Buyer know what you are getting into before signing a loan. Make sure that you know what the terms are and what they mean. A Home Loan will make you or break you. Please take the time to become educated on your loan PRIOR to signing any loan papers.
There’s more to home loans than just the interest rate. Just like there’s more to selling Real Estate than just showing houses, writing offers or just putting a For Sale sign in the front yard. Home Buyer beware!
Sacramento Home Buyers and Sacramento Home Sellers need to be aware…get a full time professional, understand what you are signing, ask questions. I can’t tell you how many appointments I have been on lately only to find out that a Home Seller can’t sell their house.
Not only is their home not worth what they paid for a couple of years ago (because of the shift in the Real Estate market that is now correcting itself) but the loan that they got into has negative amortization, meaning that these home owners owe MORE than what the original loan was when they signed and bought the house. An added caveat is… not only do the Sacramento Home Sellers owe more than the original loan, they can’t even re-finance because in very small print there is an enormous prepayment penalty if they change the loan or sell the house before 3 years.
The Lenders, who did this in great quantity in my opinion, are criminals. I feel the pain and the exasperation of these Sacramento Home Sellers, today. Not only did they unfortunately find the bottom of the barrel of a loan and loan officer but where was their REALTOR®? Where was the professional looking out for the home buyer’s best interests?
So many new people jumped on the band wagon thinking that Real Estate was an easy money making venture…they never thought about the lives they would affect and the consequences for those that they were representing. It now shows and it saddens me to know that there are some in my industry who could sit back and allow this to happen.
Please, new Sacramento Home Buyers, make sure you know who is representing you. Don’t think that buying a house does not require your undivided attention and scrutiny. This is the biggest investment that you will ever have and it’s the biggest detriment that you could have if you don’t pay attention.
The full time Real Estate professional that is in the business for the long-haul and has testimonials of previous clients that they have helped throughout the years, is extremely important. Take the time to educate yourself so that someday you are not calling me with the same problems that I’m seeing today with Home owners that now know they were never REALLY represented.
Watch this video, above. I hope to find more videos or make some of my own for you. Call or email me if you have any questions and I’ll be more than happy to help you.