NH Home Mortgage : Communication is Key to a Stress Free Home Purchase

Communication is Key to a Stress Free Home Purchase

Posted by: Greg Fischer Post date: March 11th, 2010

If you’re buying a new home – whether you are a first time homebuyer or an experienced property investor – there are hundreds of little issues that can come up to make the process painful. The MOST important protection you have is good communication.

Make sure that you are in regular contact with both your mortgage professional, and your Realtor. Expect them both to tell you what’s going on. Once you’re under contract, most of the progress will be made by your mortgage person. They should be keeping both you and your Realtor up to date on the status of your financing. If you don’t understand something: ask. Ask until you do understand. If you aren’t getting answers, ask them why not.

There are a lot of things that happen “behind the scenes” in a mortgage transaction, and most of them will happen without you ever having to worry. But when things do go wrong, understanding what the problem is, what’s being done to fix it, and if you need to do anything is essential to getting through the trouble without panic.

I always make sure that the buyer and Realtors hear from me at least once a week, even if there is nothing new to report. When there is news, you hear about that right away – good or bad. By helping everyone understand where we are in the mortgage process, everyone’s expectations are in sync. And when problems do come up, everyone knows what to expect for a solution.

Buying a home is a huge investment of money, time, emotion and energy. Great communication is the single most important key to a successful, stress-free home purchase. Make sure that you’re getting it.