Hansel and Gretel were the
original participants of "Survivor"
It's not one of the most often-heard fairy tales. I think because it's rather "dark" in nature. But the old Brothers Grimm fairy tale of "Hansel and Gretel" contains some good lessons regarding survival within it. Lessons I think, that when applied, can help new Home Buyers (and those Refinancing) to survive and thrive during their mortgage processing.
"Hansel and Gretel" were the original participants of "Survivor", in my opinion. For those that might not know the story of "Hansel and Gretel", there's a portion of the fairy tale that tells of these two children being left and abandoned in the woods. First by a wicked step-mother. Then by their own father.
Hansel and Gretel successfully return home after the first attempt at abandonment by their step-mother. They had planned ahead, leaving themselves a formidable trail of white pebbles to follow and guide them back. But upon the second attempt at abandonment by their father, they're not so lucky. They had not planned as well and left themselves only a trail of breadcrumbs to follow home.
The story continues and various dangers come their way. But eventually Hansel and Gretel do arrive back home after their adventure. Alive and well. And as in most fairytales ... they live happily-ever-after.
Wondering how this fairytale pertains to a mortgage application and the mortgage process yet?
Well, in today's modern mortgage application and mortgage process, documentation is key. When speaking to my clients, I refer to that documentation as a trail. Actually a "paper trail". EVERY thing must be documented. Sometimes frustratingly so. But all the documentation must tell a precise, concise, substantive, easily followed, easily understood and clear story to the Underwriters viewing their file.
When I first explain this fact to clients, they typically do not grasp just how detailed I mean their documentation will have to be. A mere verbal description of "paper trail" doesn't usually begin to touch upon the reality. They need some convincing.
Because of this, I always send my clients a written list or "link" to my Mortgage Checklist. It lists those documents that are typically needed at the time of mortgage application. That way my clients can plan ahead and be prepared entering into their transaction. I find it helps tremendously.
I also find that if they, like Hansel and Gretel did in their first forest trip, follow my "Mortgage Checklist" as their guide and lay a quality, substantial, easily followed stone pebble path of documentation for themselves (and the Underwriter) prior to heading into mortgage application ... they will find that their mortgage processing flows more steadily and smoothly towards completion.
If they dismiss the checklist, ill-prepare, or don't plan as wisely for their coming mortgage application and mortgage process (similar to Hansel and Gretel planning their breadcrumb trail), they'll likely find the same outcome as the fairytale characters first did. Trouble will find them and their mortgage process will be frustratingly slow and full of pitfalls.
The moral of the story within the fairytale "Hansel and Gretel" was pretty clear-cut to me. Plan ahead. Plan wisely. Stay aware, react, and be involved in charting your own destiny. Work as a team and you'll survive. Success will be yours.
Much the same can be said with mortgage applications and mortgage processing. The better prepared you are prior and during your mortgage financing, the better-off you will be. If you prepare and plan well ... if you stay involved and alert throughout your processing ... if you quickly, precisely, and thoroughly react to your communications, requests for documentation, and information .... the more successful you will be. And that success will occur in a more timely manner.
Yes, it is true. Some of the mortgage process and its outcome does not rest in the hands of the mortgage applicant. The Mortgage Lender, the agent, the attorneys, title company, appraisers, home inspectors, and more must each play their part. But if you are the applicant, taking charge of those things that you DO control will help you immensely.
Hansel and Gretel were the original participants of "Survivor". With a little planning, preparation, and quick-thinking, they survived their adventure and thrived successfully. If you plan, prepare, and stay involved in your mortgage processing, you will do the same.
* Work with a mortgage lender that will provide the guidance and assistance you need to successfully complete your mortgage process and home buying transaction. Contact me today ... and I'll put my 35+ years of mortgage experience and expertise to work on your behalf.
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