Annie's Blog

An interesting meeting at my favorite place, Toomer’s Coffee Company

I had a very interesting meeting yesterday regarding the local and national real estate market yesterday at Toomer’s Coffee Company and Roastery here in beautiful Auburn, Alabama. The friends I met with share this site with me: http://mtgprofessor.com/A%20-%20UMLs/introducing_upfront_mortgage_lenders.htm.

One thing that is so very important is working with a lender whom you can trust. RESPA laws have recently been altered concerning the laws surrounding mortgages to make them more transparent. That is a great move in the right direction. One thing most consumers do not realize, though, is that this means it can take longer to close a transaction. Many lenders and realtors say that gone are the days of closing two transactions (a sale and a purchase) on the same day. Some lenders say that this can still happen. I believe it can, but it is going to require excellent communication between ALL parties to make it work.