{"id":20116,"date":"2019-05-22T05:47:45","date_gmt":"2019-05-22T05:47:45","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=20116"},"modified":"2019-05-22T05:48:11","modified_gmt":"2019-05-22T05:48:11","slug":"home-buyers-guide-mortgage-loan-officers-realtors-attorneys","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/home-buyers-guide-mortgage-loan-officers-realtors-attorneys\/","title":{"rendered":"Home Buyers Guide: Mortgage Loan Officers, Realtors, &#038; Attorneys"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><span style=\"font-weight: 400;\">Buying a home can be either incredibly frustrating or incredibly smooth &#8211; it just depends on how much you know. This article\u2019s purpose is to bridge the gap so ensure you have a smooth process. You\u2019ll learn about all the people you\u2019ll need to work with, what each of them do, how to contact each of them, and how to be prepared.<\/span><\/p>\n<ol>\n<li><b> Your Mortgage Loan Officer<\/b><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Surprisingly, the home buying process doesn\u2019t start with a real estate agent, it starts with a loan officer. In fact, if you go to a real estate agent, they\u2019ll send you over to a loan officer anyways! The reason for this is that prior to a real estate agent investing time showing you homes, it\u2019s important for them to know what you can legally afford. And to do that, you need a pre-approval letter from a mortgage loan officer.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/bntouch.com\/\"><span style=\"font-weight: 400;\">mortgage crm<\/span><\/a><span style=\"font-weight: 400;\"> provider Bntouch, securing your loan is the most stressful part about buying a home &#8211; to prevent this, you should have all of your necessary documents prepared. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most mortgage banks will want to see 2 years of employment history, tax returns, a decent credit record and up to 3 months of bank statements.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Finding a local loan officer can be done with a simple google search. The best kinds are direct lenders as they avoid the fees charged by mortgage brokers. And yes, you can shop around for different interests rates.<\/span><\/p>\n<ol start=\"2\">\n<li><b> Your Real Estate Agent<\/b><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Once you have your letter of pre-approval, your real estate agent will start showing you homes. If you find one that your interested in, they\u2019ll submit an offer letter and if accepted, you\u2019ll go back to working with your loan officer to turn your pre-approval into a genuine approval.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At this point, you\u2019ll also need to start working with an attorney.<\/span><\/p>\n<ol start=\"3\">\n<li><b> Your Attorney<\/b><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Most mortgage banks will offer legal services free of charge. This attorney will work on your <\/span><a href=\"https:\/\/criticalfinancial.com\/the-5-most-important-things-to-understand-about-mortgage-loans\/\"><span style=\"font-weight: 400;\">mortgage bank\u2019s best interest<\/span><\/a><span style=\"font-weight: 400;\">, however, in 99% of cases, whatever is in your mortgage bank\u2019s best interest is also in your best interest. It\u2019s still recommended that you seek your own legal council to avoid falling into the 1% of situations where there may be a conflict of interest. <\/span><\/p>\n<p><b>Summary<\/b><\/p>\n<p><span style=\"font-weight: 400;\">To sum it up, most of your home buying process will actually revolve around a mortgage loan officer. The process is as follows:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Get a pre-approval from a loan officer.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Use a real estate agent to find and put an offer on a home.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Work with your loan officer to turn your pre-approval into an approval.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Work with a closing attorney to wrap up the deal.<\/span><\/li>\n<\/ol>\n<p><b>Finding the Right People<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Getting the right people to help you along the way is easier than you think. The best way is to find companies, research them online, and to see how other people\u2019s experiences have been. Tell-Tale signs of trouble are negative reviews, poor digital presence, or just a lack of information. If a company or agent has a good reputation, it\u2019s likely that they\u2019ll do a good job for you.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buying a home can be either incredibly frustrating or incredibly smooth &#8211; it just depends on how much you know. This article\u2019s purpose is to bridge the gap so ensure you have a smooth process. You\u2019ll learn about all the<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/home-buyers-guide-mortgage-loan-officers-realtors-attorneys\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":20117,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[7,11,1,16],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2019\/05\/ballpen-close-up-desk-955389.jpg","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/home_buyers_guide__mortgage_loan_officers__realtors____attorneys","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/20116"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=20116"}],"version-history":[{"count":1,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/20116\/revisions"}],"predecessor-version":[{"id":20118,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/20116\/revisions\/20118"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/20117"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=20116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=20116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=20116"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=20116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}