Why Use a Sacramento Home Loan Specialist?
There are many things to consider when purchasing a home. You want to pick the right location, the right city, the right school systems, the right carpet, the right furniture, the right loan...and the list goes on and on. One thing that people tend to overlook is picking the right Loan Officer. The truth is that this should be the first step and should be considered carefully. You already know you're moving to Sacramento but who should do your loan? It's not about the company but all about the loan originator. If you want to save yourself aggravation, time, and money be sure to work with a Sacramento Home Loan Specialist, not just some loan officer or Mortgage Company.
Sacramento has wide boundaries. Greater Sacramento Area includes many surrounding towns and communities and even those in other counties like Placer, Yolo, El Dorado, & even reaching as far as San Joaquin County. A Sacramento Home Loan Specialist will understand not only the landscape but also the people. A home loan specialist in Sacramento has strategic partnerships throughout the Sacramento Valley with Real Estate Agents, Home Inspectors, Home Warranty, Property Management, Insurance Companies, Title & Escrow, Contractors, and many more small businesses. These partnerships or relationships with all of these individuals help facilitate and streamline the home loan process for homebuyers and sellers alike. For Example, Need a contractor to do some repair work to close your deal and he has to go out to Galt? No problem. What if you need him to run back out to Loomis after that? The true specialist has the means to help make that happen and if one particular service cannot cover the entire vast area known as the Greater Sacramento Area then they surely have someone else that they can refer to get the job done.
A true Sacramento Home Loan Specialist is familiar with the business practices and customs that can differ greatly throughout the state. Title and Escrow is the perfect example to illustrate this point. In Sacramento and its surrounding areas the typical custom is for the seller to pay the Escrow Fee, the owner's title policy, any transfer taxes, HOA transfer fees, and much of the time, a home warranty. In cities like Los Angeles and San Diego, that all goes out the window. It's a battle to get the seller's to pay for those fees because that's not the custom there. In some cases, they even have 2 escrow fees! One for the buyer and one for the seller and it's not a typical fee divided in two. The escrow fee can run as much as 3 times that of the customary fee in Sacramento assuming the same purchase price.
Because of the exorbitant fees, Sacramento Home Loan Specialists will often encourage buyers to pick their own title company even though the seller will not pay for the escrow fees in this situation. Why would a Loan Officer advise you to pay your own title & escrow fees? Generally, the REO's want you to use their title company and this comes with problems. In most cases, they are backed up and over capacity so the service tends to really suffer adding several days or even weeks to processes. Another nice thing about Sacramento title companies is that the title and escrow company are one in the same. Down in LA and San Diego, they are separate entities. This causes an additional 1 to 2 day delay at funding due to the way that they receive funds on a loan and require at least 24 hours from the time that they receive the money until they can record the loan w/the county. In Sacramento, they can receive the wire at noon and record by 2:00PM the same day!
Now if you opt to work with a specialist, they work hand in hand w/your agent to help you can write the offer to increase your over all seller concession to cover the difference in title and escrow fees that the REO won't pay because you used your own title company. In Sacramento, if your loan guy knows them, the title companies work fast and efficiently saving you precious time on your transaction. The expression "Time is money" really rings true here because if you close late on your home loan, it can often cost you as much as $200.00 per day because the REO's charge per-diem. Title companies don't pay your per-diem even when they cause 2 to 3 week delays which I've personally seen happen with title companies from down south. Your loan officer and your agent really need to work together so that your transaction goes smoothly. Your typical "online" loan officer/order taker could be anywhere in the country and won't have those developed, strategic partnerships w/agent s and title companies. Because many agents and loan officers don't trust each other, they could be working against each other which ultimately means that they are working against you. This can cost you in time, money, and you may even lose the house for not meeting the terms of the contract.
The bottom line is that you need to work with someone who gets the job done and done right! The Greater Sacramento Landscape has geographical challenges which can be met & overcome with the help of a tight network of professionals. The business practices in Sacramento have special nuisances that require a working knowledge of the rules, customs, and players involved. Service can vary greatly from one mortgage person to the next & working with a Loan Officer who knows the Real Estate Agents and Title companies in Sacramento can save you thousands of dollars but can also save your precious time. Don't take any chances with some 1-800 number or the latest radio or television advertisement for "The Lowest Rate of All TIME!" If you're going to purchase in Sacramento or its surrounding areas, be sure to use a Sacramento Home Loan Specialist for your home financing needs.
http://SacramentoHomeLoanSpecialist.com
Sacramento has wide boundaries. Greater Sacramento Area includes many surrounding towns and communities and even those in other counties like Placer, Yolo, El Dorado, & even reaching as far as San Joaquin County. A Sacramento Home Loan Specialist will understand not only the landscape but also the people. A home loan specialist in Sacramento has strategic partnerships throughout the Sacramento Valley with Real Estate Agents, Home Inspectors, Home Warranty, Property Management, Insurance Companies, Title & Escrow, Contractors, and many more small businesses. These partnerships or relationships with all of these individuals help facilitate and streamline the home loan process for homebuyers and sellers alike. For Example, Need a contractor to do some repair work to close your deal and he has to go out to Galt? No problem. What if you need him to run back out to Loomis after that? The true specialist has the means to help make that happen and if one particular service cannot cover the entire vast area known as the Greater Sacramento Area then they surely have someone else that they can refer to get the job done.
A true Sacramento Home Loan Specialist is familiar with the business practices and customs that can differ greatly throughout the state. Title and Escrow is the perfect example to illustrate this point. In Sacramento and its surrounding areas the typical custom is for the seller to pay the Escrow Fee, the owner's title policy, any transfer taxes, HOA transfer fees, and much of the time, a home warranty. In cities like Los Angeles and San Diego, that all goes out the window. It's a battle to get the seller's to pay for those fees because that's not the custom there. In some cases, they even have 2 escrow fees! One for the buyer and one for the seller and it's not a typical fee divided in two. The escrow fee can run as much as 3 times that of the customary fee in Sacramento assuming the same purchase price.
Because of the exorbitant fees, Sacramento Home Loan Specialists will often encourage buyers to pick their own title company even though the seller will not pay for the escrow fees in this situation. Why would a Loan Officer advise you to pay your own title & escrow fees? Generally, the REO's want you to use their title company and this comes with problems. In most cases, they are backed up and over capacity so the service tends to really suffer adding several days or even weeks to processes. Another nice thing about Sacramento title companies is that the title and escrow company are one in the same. Down in LA and San Diego, they are separate entities. This causes an additional 1 to 2 day delay at funding due to the way that they receive funds on a loan and require at least 24 hours from the time that they receive the money until they can record the loan w/the county. In Sacramento, they can receive the wire at noon and record by 2:00PM the same day!
Now if you opt to work with a specialist, they work hand in hand w/your agent to help you can write the offer to increase your over all seller concession to cover the difference in title and escrow fees that the REO won't pay because you used your own title company. In Sacramento, if your loan guy knows them, the title companies work fast and efficiently saving you precious time on your transaction. The expression "Time is money" really rings true here because if you close late on your home loan, it can often cost you as much as $200.00 per day because the REO's charge per-diem. Title companies don't pay your per-diem even when they cause 2 to 3 week delays which I've personally seen happen with title companies from down south. Your loan officer and your agent really need to work together so that your transaction goes smoothly. Your typical "online" loan officer/order taker could be anywhere in the country and won't have those developed, strategic partnerships w/agent s and title companies. Because many agents and loan officers don't trust each other, they could be working against each other which ultimately means that they are working against you. This can cost you in time, money, and you may even lose the house for not meeting the terms of the contract.
The bottom line is that you need to work with someone who gets the job done and done right! The Greater Sacramento Landscape has geographical challenges which can be met & overcome with the help of a tight network of professionals. The business practices in Sacramento have special nuisances that require a working knowledge of the rules, customs, and players involved. Service can vary greatly from one mortgage person to the next & working with a Loan Officer who knows the Real Estate Agents and Title companies in Sacramento can save you thousands of dollars but can also save your precious time. Don't take any chances with some 1-800 number or the latest radio or television advertisement for "The Lowest Rate of All TIME!" If you're going to purchase in Sacramento or its surrounding areas, be sure to use a Sacramento Home Loan Specialist for your home financing needs.
http://SacramentoHomeLoanSpecialist.com
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