Buying a Home? Here’s How a Lender Can Help

Buying a Home? Here’s How a Lender Can Help

  • Heather Smith
  • 03/28/24

Lenders are often the deciding factor in whether or not you’re able to successfully buy a home. And because they can (and sometimes do) reject mortgage applications, they’re often painted as the “bad guys” in the homebuying process. But lenders can actually be a huge help when it comes to navigating the homebuying process.

So how, exactly, can your lender help? A recent article from outlined the different ways lenders can help you buy a home, including:

  • Lenders can get you pre-approved… If you’re planning to buy a home, getting pre-approved for a loan before you start looking (generally about a month or two in advance) can make the process much easier. And who’s offering that pre-approval? Your lender. The lender will check your financial history to determine your mortgage eligibility, and give you a pre-approval letter which will show sellers that you’re able to access the funds you need to successfully buy your home.
  • …or help if you get rejected. And if you don’t get pre-approved from the get-go, don’t worry. Your lender can give you insights into the steps you’ll need to take to get approved on your next attempt.
  • Lenders can help out-of-the-box buyers. If you’re a non-traditional buyer — for example, you’re self-employed or work on a freelance basis — it can be harder to get a loan. But when you build a relationship with a lender, either on the phone or in-person, they can help walk you through the process, and help you get the funds you need to buy your property.

Work With Heather

For most families, choosing a new home is the biggest financial decision they will ever make. There are many complicated decisions involved in choosing a home. As one of the top real estate professionals in the local market, I'll negotiate the best prices and terms for you and answer all of your questions as they arise.