Andrew Cooper (Other)

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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

We certainly need to understand the products available for our buyers. Otherwise, how do we know which lenders to refer them to? 

I don't help them choose what is best for them but, all lenders do not offer all types of loans. I need to know who to send them to!

Feb 21, 2019 02:57 PM
Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

This is a role a loan/mortgage officer will advise his/her client not a real estate broker/ salesperson. 

Feb 21, 2019 04:55 PM
Rainmaker
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Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

I make certain my clients are given options I offer to connect them with several lenders that I have found to be excellent at helping people get the right loan for them. I will offer them my suggestions as well as go over any concerns or questions they might have. I believe that the first stop any home buyer makes should be choosing the right buyer agent to represent them. Since the only professional that is actually legally required to work in a home buyer's best interest is the buyer agent. Not the lender, settlement agent etc etc.
So yes, when someone is buying a home in Northern Virginia as my client I do help them with choosing the right mortgage for them but, the choice is theirs to make. 

Feb 21, 2019 12:57 PM
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Absolutely not!

Feb 21, 2019 12:44 PM
Rainmaker
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I do not. 

Feb 21, 2019 12:34 PM
Rainmaker
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Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Yes, I point them to Jason E. Gordon and he rocks their world.

Feb 21, 2019 06:28 PM
Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I do not, I leave that to the licensed mortgage broker. 

Feb 21, 2019 05:14 PM
Rainmaker
555,604
Jason E. Gordon
AmeriFirst Financial Inc, San Diego, CA - San Diego, CA
Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE

While I would commend any Real Estate Agent for getting involved with loan dialog with their clients (while presumably having the best intentions in mind), it is a slippery slope. Conversations about loan programs quickly evolve to discussions about interest rates & fees (which can only LEGALLY be discussed by someone holding their NMLS License). 

Please do not perceive this post as self-promoting when I say that a Real Estate Agent is best suited conducting their due diligence in finding a Lender they trust (whom they have throughly vetted). Once they have done this, they should respectfully allow the Lender to do his/her job.

Just my $0.02.  Thanks for the kind words Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D 

Feb 22, 2019 10:02 AM
Rainmaker
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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

ONLY if they are eligible for a USDA loan. USDA loans are fantastic if you/they have the patience for one and very few loan officers ever mention them.

Feb 22, 2019 07:24 AM
Rainmaker
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Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Not at all. I don't want mortgage brokers & attorneys doing my job so I don't do theirs. 

Feb 21, 2019 08:42 PM
Rainmaker
898,341
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I refer my clients to mortgage professionals to determine the best loan for their needs.

Feb 21, 2019 07:16 PM
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Sharon Altier, SFR
Lawton Realty Group, Inc. - Elmhurst, IL
Your Real Estate Partner

Not at all.  I let their mortgage broker give advice on the lending and stay out of it.  

Feb 21, 2019 02:46 PM
Rainmaker
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Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

Helping them. Sure. If the home they are in love with is not financable for one or more reasons - I let them know that they are going to need a rehab loan and that is why the home is so cheap.

Feb 21, 2019 02:25 PM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

that's a task for the loan officer who does the pre-approval for the buyer.... 

Feb 21, 2019 01:37 PM
Rainmaker
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Scott Lawson
America's Home loans - Santa Rosa, Petaluma Mortgage Broker - Santa Rosa, CA
Mortgage Broker FHA, VA, refinance or purchase

Hoo ha....Do what you do best--find out what your client is looking for, find a property that fits and that they like and get them into contract. Repeat...

 

Do your best to make certain that your client is engaged with an extremely competent loan officer and let that person do what they do best...

 

Sounds like a solid, winning combination to me...

Feb 21, 2019 01:12 PM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Other than telling them that my seller is not likely to accept an offer from many of the govt programs, I do not.

Feb 22, 2019 12:58 AM
Rainmaker
525,136
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

When I begin working with a new buyer helping them prepare is what I do. The first step is to ascertain where they are at financially. Asking key questions helps me to direct them to a Lender that would give them the best  advice ...

Feb 21, 2019 08:39 PM
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

No I do not play that role. That's up to them and their loan officer...and if they need one I can provide several excellent suggestions.

Feb 21, 2019 08:08 PM
Rainmaker
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Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Yes, if needed they'll be put in touch with my favorite loan officers.

Feb 21, 2019 05:33 PM
Rainmaker
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Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

No, but I give them 3 lender options.

Feb 21, 2019 05:12 PM
Rainmaker
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

No I do not. Most of the time they ask further questions that they get confused about either before or after the application.

Feb 21, 2019 04:15 PM
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not really. May suggest they follow the advice of their loan officer.

Feb 21, 2019 03:57 PM
Rainmaker
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Yes in steering them to a great professional lender.

Feb 21, 2019 03:07 PM
Rainmaker
846,810
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No. I'm not a licensed loan officer and I don't play one on tv.

Feb 21, 2019 02:51 PM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Yes. However, we always refer them to a trusted local mortgage loan officer for the best advice.

Feb 21, 2019 02:51 PM
Rainmaker
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Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

Nope.

Feb 21, 2019 01:42 PM
Rainmaker
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Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Real Estate LLC - Coast & Luxury

No I do not.

Feb 21, 2019 01:02 PM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Andrew,

We are not financial advisors.  They should consult their CPA as to what loan is best for them...A

Feb 21, 2019 12:56 PM
Rainmaker
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Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I look at the with that 'Deer in the headlights" look as they explain how they like all the integrated account services offered by Wells Fargo.

 

Feb 21, 2019 12:53 PM
Rainmaker
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Generally no.  I set them up with a quality lender, who is far better versed in those topics and knows their financial situation.

Feb 22, 2019 08:56 AM
Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

I help them find the right lender, and then I let the lender put them in the right type loan.

Feb 22, 2019 07:00 AM
Rainmaker
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Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

No.

That is a very slippery slope and one that is best left to a mortgage professional.

What I will do is have a customer get pre-approved by one of the local lenders I use before beginning their property search. The lender will assess their situation and recommend the appropriate loan types for their needs.

Feb 21, 2019 10:37 PM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I do not.

Feb 21, 2019 06:41 PM
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Never....

Feb 21, 2019 01:39 PM
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

No, that is the lender's job.

Mar 07, 2019 05:14 PM
Rainmaker
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Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

It's outside my wheelhouse.

Feb 25, 2019 03:36 AM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Feb 24, 2019 06:46 AM
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

No, I let my lender do that job.

 

Feb 23, 2019 02:03 PM
Rainmaker
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Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Nope. A good lender partner should do this. -K

Feb 23, 2019 09:06 AM
Rainer
175,186
Merv Edinger & Associates
Remax Nova - Halifax, NS

No. I tend to recommend that they deal with a mortgage broker who is by far more knowledgeable on that side than we are. They know the various products available through different lenders that can help buyer decide which is best for their personal situation & plans for the future.

Feb 22, 2019 08:23 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

No, I don't.

Feb 22, 2019 05:34 AM