Why We Need to Flex Our ActiveRain Muscles
Keeping Current Matters is a very popular website and news source for those within the Real Estate industry. Their daily informative articles touch upon important and timely topics that are aimed at those hoping to buy a home, current homeowners, and for real estate professionals too.
Today's KCM newsletter topic, "Buying A Home? You Don’t Need To Do It Alone", contained many statistics that I thought interesting. The majority of the statistics they provided within this article touched upon how challenging Mortgage Applicants are finding today's Mortgage Process.
The reported statistics I (a Mortgage Lender) found most revealing, were the following:
- 59% of Buyers turn to Mortgage Bankers to help evaluate Mortgage terms and compare offers
- 49% of Buyers turn to Real Estate Agents to help evaluate Mortgage terms and compare offers
Yep ... you read that right!
Almost one out every two clients are relying on their Real Estate Agent for info, explanations, clarification, assistance, and guidance regarding Mortgage programs and offers they are receiving while seeking financing. Just a mere 10% less than the number relying on their Mortgage Lender.
These statistics prove:
- How crucial and valuable a good relationship between Mortgage Lender and Agent can be
- How valuable ActiveRain, dialogue, and other educational opportunities/exchanges between professionals are
Fact is, Mortgage Lenders and Agents need each other. Home Buyers and Sellers need us to learn from each other. To assist one another. To help reinforce each other. And they need us to work in tandem towards one common goal ... a successful conclusion to their transaction.
I honestly can't think of any other opportunity or website that helps us accomplish all of those things any better than ActiveRain. The amount of information ... the access to other professionals within the industry ... the chances for asking questions ... the opportunity to exchange opinions and ideas... exists here on the Rain like nowhere else.
With such a large percentage of our mutual clients depending on us to be well-informed, aware, knowledgeable regarding the entire process ... not just our portion of it, it's vital that we flex the muscles that AR provides and put them to good use.
So we all need to roll-up our sleeves. Widen our scope. Seek out and pay attention to ALL professionals that contribute. Ask questions. Lots and lots of questions. Every opportunity we can.
And in return? Share your expertise. Give your opinions. Offer your insights and tidbits of information.
We all gain from it. And ...
Our clients are counting on us!
* Hoping to Buy, Build, or Refinance a home in the greater Chicagoland area? Contact Me today! I'll put my 37 years of Mortgage experience and expertise hard to work on your behalf.
I can be easily found at:
Gene Mundt, Mortgage Lender, a Lender with 36 years of mortgage experience, will offer you exemplary mortgage service and advice when seeking: Conventional, FHA, VA, Jumbo, USDA, and Portfolio Loans in Chicago and the greater Chicagoland region, including: The Lincoln-Way Area, Will County, (New Lenox, Frankfort, Mokena, Manhattan, Joliet, Shorewood, Crest Hill, Plainfield, Bolingbrook, Romeoville, Naperville, etc.), DuPage County, the City of Chicago, Cook County, and elsewhere within IL.