Financing

Unless you are blessed enough to be making a cash purchase of your new or resale home, dealing with financing is going to take up one of the biggest chunks of your time during the home buying process. The first thing you need to understand about financing is that whichever lender you choose is following a STRICT protocol of rules set forth by the U.S. government and the Federal Department of Housing. Therefore, they are required to collect all sorts of extensive and redundant information from you in order to fulfill their obligations in considering whether to fund your loan. It’s helpful to go into the financing process with this knowledge so that you don’t feel a little bit “combative” or frustrated with your lender – they’re just doing the impossible job that is required of them.

It is a good idea to make the time to research both lenders and title companies before moving forward with the pre-approval process of your loan. This time can save you money and can also give you a feel about the type of company or loan officer with whom you are going to work. Click Here to Learn More About Choosing Your Lender.

Getting pre-qualified and getting pre-approved are two different processes. Overall, your financial situation needs to be at a certain level before you can even begin to consider buying a home, so a fact-finding appointment with a local lender might be a wise choice in learning about the qualifications that need to be met to begin the financing process. Click Here to Learn More About the Pre-Approval Process.

 

 

Financing Paperwork:

After you spend hours / days / weeks (well let’s hope not!) tracking down all of the paperwork required by your lender for your financing, a good rule of thumb is to make copies of the entire stack of paperwork BEFORE you send it to your lender. From talking to closing agents, I have heard many of them say that their clients would have to send and then resend their paperwork 2 or 3 times because the lender “lost” the paperwork or the loan was transferred to another department or loan officer which did not get all of the paperwork. If you have all of the paperwork copied and stored, all you have to do is to go get it from your file and fax, mail, or e-mail it out to the lender again – just a “trick of the trade!”

Another good rule is that the squeaky wheel gets the grease. If you are not hearing from your lender on a regular basis, don’t assume that they are working hard and steadily on your file and will call you with a closing date “any day.” The fact of the matter is that lenders are super busy trying to fulfill all of those pesky obligations I mentioned above and may have gotten swamped with their workload. If you are “top of mind” on the phone with them on a regular basis, you have a better chance of getting your financing completed in a timely fashion. I am not saying this is a guaranteed strategy, but it’s definitely worth some followup.

Get In Touch

    By checking this box, you say that you do not wish to receive this information.
  • This field is for validation purposes and should be left unchanged.

The Kelly Waltemath Group

The Kelly Waltemath Group
5.0
Based on 17 reviews
powered by Facebook
Drew Treuting
Drew Treuting
2020-04-07T20:23:27+0000
Kelly & Michelle worked with my wife and I to help us sell our first home and help us purchase our new home here at... Cypress Parks in Belle Chasse. The process was very easy and we recommend their services for anyone who is need.read more
Adrianne Daniel Billodoux
Adrianne Daniel Billodoux
2019-12-25T01:21:14+0000
AH! Where do I begin?! We had a 6 month journey with Chris. We were selling & buying. Sometimes the process isn’t... always rainbows and butterflies. But, Chris is one of the most positive individuals I have ever met. Chris cares, not only about his job, but his clients at a personal level & I believe that whole heartily. Sometimes, I can be well, difficult. 🤷🏼‍♀️ He always LISTENED to every one of my husbands and I concerns. He made sure to communicate with the buying agent and us very effectively and efficiently. In the end I wouldn’t have it any other way. If you are looking for MORE than just an agent to get you & your family through your selling or buying process, then Christopher Miguez is your man! Merry Christmas & Happy Selling / Buying ♥️🎄read more
Allie Marie
Allie Marie
2019-12-17T17:15:37+0000
Chris has been wonderful on helping us sell our house! Kelly and Michelle have also been a huge help when we have any... questions. We will definitely be using them in the future and I will be recommending them to anyone who needs a great agent! Thank you so much for everything my family truly appreciates!read more
Trevita Datmodel Jackson
Trevita Datmodel Jackson
2019-09-24T21:41:20+0000
I highly recommend Christopher Miguez, REALTOR He was very professional and patient with us, all while having fun when... looking for our dream home. He is great to work with and I would recommend him to anybody!!! Thanks Chris!!read more
Eden Buuck Gioe
Eden Buuck Gioe
2019-08-23T00:51:55+0000
Can’t recommend Chris Miguez from the Kelly Waltemath Group enough! He was always there to answer my questions & keep... me updated with every step of the process which, as a first time buyer, was invaluable! So thankful for him and the whole group!read more
Sara Laughlin Treuting
Sara Laughlin Treuting
2019-08-14T08:44:56+0000
Kelly and her team have been amazing to work with! From selling our first home to purchasing our next - she has guided... us through every step perfectly! I feel like we always have a million repetitive questions, but Kelly always answers them with such a quick response time. I highly recommend Kelly - she’s just so personable - like having your best friend leading you through such a major purchase. Thank you, Kelly!read more
Taylor Daigle
Taylor Daigle
2019-05-22T22:14:47+0000
Kelly helped making the process of buying my first home smooth and fun! As a close friend of Kelly’s, I had seen her... success in real estate from an outsider’s perspective, and now I understand why from first hand experience! The knowledge and experience offered by Kelly and her team helped me feel comfortable in a situation that was totally new to me. All of the recommendations that she gave me have turned out great - from lenders to offer amounts to storage solutions in the home. I recommend Kelly and her team 100% to anyone buying or selling a home. Thank you Kelly!!!read more
Marc Seals
Marc Seals
2019-04-13T15:51:15+0000
She is the best! So glad I went with her! Her personality and experience in the market makes her #1 in my eyes! Bedico... Creek Subdivision Madisonville, Laread more
Eli Lewellyn
Eli Lewellyn
2018-10-06T02:39:32+0000
Great to work with! Got us a cash offer after only a few months.
Christi Amedee LeBlanc
Christi Amedee LeBlanc
2018-07-30T19:55:34+0000
Kelly is the best! She helped us sell our home and is currently navigating us with building a custom home in Bedico... Creek. Kelly is always there when we need her and goes above and beyond when it comes to customer service.read more
Andy Delaup
Andy Delaup
2018-06-10T21:33:22+0000
Kelly did a great job helping my wife and I find out beautiful new house. She was very responsive via email, call and... text, so any time we needed anything she was just a call or click away. I absolutely recommend her to anyone searching for their dream home!read more
Rosalind Pijeaux Hale
Rosalind Pijeaux Hale
2018-02-27T19:17:40+0000
Kelly's marketing skills are untouchable. Her use of social media and personal contacts with other realtors is what... makes her outstanding. She even keeps a list of potential buyers so that when a house becomes available she can notify them. She kept us informed throughout the process and answered all questions. Two offers were received one day after the house was on the market. THANKS Kelly!read more
Brenda Hubert
Brenda Hubert
2017-12-20T18:01:59+0000
Kelly went above and beyond. My house sold in less than 48 hours!! Kelly, you’re the absolute best. Thank you for... taking such great care of me!!read more
Tink O'Shay
Tink O'Shay
2017-06-24T20:41:18+0000
Eve Myers Herman
Eve Myers Herman
2017-06-23T03:05:39+0000
Our house had been on the market for 2 years with 2 different realtors with no success. We switched to Kelly and she... worked tirelessly until our house sold! She is innovative and energetic. I only wish we had switched to her sooner.read more
James Hagan
James Hagan
2017-06-22T01:29:16+0000
Kristi Bolian O'Brien
Kristi Bolian O'Brien
2017-06-22T00:55:26+0000
Kelly has been a real pleasure to work with. She is always available when we needed her. Her clients are her #1... priority and it shows in her work ethic. Highly recommend Kelly Waltemath!!!!!read more
Next Reviews

Compare listings

Compare