Gene's Chicagoland Mortgage Blog: The Modern Chicagoland Real Estate Transaction & Mortgage Process: A Cast of Thousands

The Modern Chicagoland Real Estate Transaction
& Mortgage Process: A Cast of Thousands

Hollywood is known for promoting its epic movies as having "a cast of thousands". "Ben Hur", "The Ten Commandments", "Dances with Wolves", "Cleopatra" ... all are great examples of mega-movies that had large numbers of cast members and extras within them.

Well, Hollywood has nothing on the modern Home Buying transaction and Mortgage Process when it comes to the number of players involved in its "productions". Stop to think of the many people or "cast members" now involved in Real Estate transactions and a Mortgage Process from start to finish:

Buyer
Seller
Listing Agent/Broker
Selling Agent/Broker
Mortgage Lender
Credit Bureau
Title Company
Underwriter
Mortgage Processor
End Lender
Insurance Agent
Closer
Home Inspector
HR/Employers
Appraiser
Attorneys
More ...

     With this number of people involved within a transaction and processing, making the comparison between an epic movie and the modern home buying transaction isn't really much of a stretch. It's also easy to see how your "epic" transaction and mortgage financing could develop a few hiccups or suffer a few bumps along the road to completion.

     Just think, besides yourself ... all those people (and possibly more) are working in some capacity within your transaction on your behalf. That many professionals are communicating. Each providing some sort of service or direction. Each with their own opinions, needs, and schedules.

   So, what helps insure your real estate transaction and Mortgage Process are Academy Award winners and not an epic flop?

   Much of the success you find will be secured by the effort you make and care you take to find the best professional "cast" members to work with prior to starting your transaction or financing. Your continued active, timely participation is also vital.

   Top-knotch Mortgage Lenders and Real Estate Agents will direct and produce successful results for you. Take the time. Do your homework, obtain referrals, and choose your Mortgage Lender and Real Estate Agent wisely. Respond to requests for documentation and information thoroughly and in a timely manner. You'll find the success and reward you seek.

     Not do the following things: Make the effort, take the time, fully and actively participate ... or just go with a "B" cast of professionals ... and you will not.

* Dreaming of Buying a Home in a Lincoln-Way Community? In Will County, DuPage County, or elsewhere in the Chicagoland area? Contact Me Today! I'll put my 36 years of mortgage experience and expertise hard to work on your behalf.
I can be easily found at any of the following:

Direct: 815.524.2280

Cell/Text: 708.921.6331

gmundt@goapmc.com