Relocation Tips

My Mortgage Docs to be Reviewed by an Expert

1) Buy versus rent. Rent if the job is iffy or another move is in store within 3 years. Buy if a neighborhood, family, security, safety, and stability are important. If buying – call a mortgage broker to find out what pre-qualification steps are necessary (the mortgage process is infinitely more complex now, and banks and credit unions have requirements that are as low as being 18 years old)

2) Determine a radius around the required work location (5 miles, 10 miles, etc.). Drive the distance during rush hour. Working from home? Airport needs? It’s always a matter of location.

3) Determine the best schools. Private versus public? Here is where the Realtor comes in. After you’ve been pre-qualified (don’t pay to have this done – big banks sometimes charge for this), contact a Realtor.

4) Once the home is purchased, furniture and household items are acquired. Many mortgage companies have discounts to Home Depot, Furnitureland South, and other great companies.

5) Stay in touch with your Realtor for great contacts regarding home repair work.

A mortgage broker works on his/her own bringing a borrower and lender together for the purpose of a mortgage loan.  Brokers are quite often real estate agents in addition to working as a mortgage broker. According to the Mortgage Bankers Association of America, there are over 40,000 mortgage brokers in the U.S.

Are you looking for a new career?  You may want to get mortgage broker training, or sell useful products to the existing brokers and loan officers.


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