Did you know that there are hundreds of things that could potentially go wrong in your real estate transaction? In this video, I’m going to illustrate how having the right team helps you navigate the turbulence of buying a home. We’ll take a ride through the process and show you how to make a smooth landing at closing.
Preparing For Take-Off
Buying a house is a lot like riding in a plane—and our team is here to take you to your destination of homeownership. However, there are a few things we need to check before we get into the air. Credit report? Check. Full loan application? Check. Pay stubs, bank statements, title ordered, and appraisal ordered? Check, check, and check.
Now we’re on our way to the clear to close. Underwriters and closers, prepare for take-off! With the title ordered and everything turned into underwriting, this should be a smooth ride to closing.
Once we’re in the air, it may seem like we’ll easily reach our destination. Sometimes, though, there’s turbulence. Maybe the market’s deteriorating and rates are going up—so we need to take control and lock in the rates.
Or what if the borrower says she can’t find her W-2 from 2021? It’s okay: the Mortgage Queen has got it. She spoke to the borrower and gave her some ideas as to where to find her W-2. Problem solved.
What if the title work comes back with a tax lien that needs to be paid off? The IRS is two months behind and we need to pay it off. We had the seller fix the issue, and we’re good to go.
A Smooth Landing
While this was dramatized a little bit, the scenarios are real. There are hundreds of things that could potentially go wrong in your real estate transaction, and you need the right people to help you navigate the turbulence and pilot your plane. This way, you’ll have a safe, on-time landing at closing.
Please choose your team wisely! We’re here to help you, so please reach out to the Mortgage Queen and I’ll be happy to connect. You can also subscribe to my channel so you never miss a video, all about mortgages and real estate. Stay tuned to see what I feature next!