Your FHM loan officer is your partner in the sales process, and they are best suited to handle any mortgage-related questions with your client.
The best time to bring up home financing is during the initial conversation you have with your client. Your buyers should be in contact with First Heritage Mortgage (FHM) prior to completing a Purchase Contract. The easiest way to do this is by sharing your co-branded LoanNow app with the buyer as soon as possible. This instantly notifies your loan officer and sets up a channel for shared communication between you, the buyer, and your FHM loan officer moving forward.
It’s important that you educate buyers and agents on how the mortgage process and homebuilding process work together. Share that FHM is here to help them navigate this journey with ease. In addition to you and their FHM loan officer, they’ll need to work with the title company and possibly a few other vendors along the way. Let them know to respond quickly if one of these parties requests information or needs a signature; the faster they act, the quicker the mortgage process can keep moving.
Remind your clients of the following credit-related tips for a smooth mortgage process:
A credit score is a three-digit number calculated from a borrower’s credit reports, based on the likelihood they will repay borrowed money. A borrower’s credit score affects both how much and what loan terms lenders will offer them at any given time. Taking steps to improve credit scores can help buyers qualify for better rates from lenders, however any steps to improve credit should only happen after consulting an FHM loan officer. A borrower can actually hurt their credit If they do the wrong thing at the wrong time.