Story goes that one of the first things an agent wants to know before she/he will work with you is a Pre Approval Letter from a Lender. Actually its the #1 thing an agent wants to know. #2 is that she wants it to be someone she knows. You see, there is nothing worse in this business to go through than to find the perfect home and then find out you do not qualify to buy it. The devastation reaches far and wide. No problem you say, I will make sure that I get approved before I meet the agent, whoever that might be. So off you go.
With approval letter in hand you head off to meet your agent of choice. You show your pre approval letter and the next thing you know you are being asked to meet with their preferred lender. Really??? What's with that? I just handed over a pre approval letter! What you have just experienced is the moment when the agent does or does not know this lender or the agent does and it wasn't good news.
So there you go..... the why of the referred lender. It has everything to do with you and nothing about anything else. End of story
About the Author Martha Brown- As a third generation Annapolitan I love to write about my experiences in and out of the real estate market. Licensed since 1992 all with Long & Foster I am a Certified Residential Specialist (CRS) and a Seller Representation Specialist (SRS) whose passion is homes in the Annapolis MD area and surrounding communities. My goal is to help my clients understand the real estate market and to then make sound real estate decisions.
Martha can be reached at 410-260-2800 ofc or
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