Home  |  Personal Finance  |  Real Estate  | 

Understanding the House Hunting Process

If I don't like the realtor I chose, am I stuck with them?

To properly view this site, javascript must be enabled and Flash version 9 or higher must be installed.
Get the latest Flash player
Jeff Thomas
Mortgage Advisor, Family Lender
www.lendingsolutions.net  
703-830-9808

Jeff Thomas is a Mortgage Advisor and Financial Educator with Family Lender, Inc. located in Fairfax, Virginia. Jeff has seen the mortgage business change significantly in the 15 years he has been in the business. Changes such zero down loans, to relaxed underwriting guidelines to borrowing more than the house is actually worth on a purchase or refinance transaction. 

With the changes in the mortgage industry, Jeff has had to make changes in the way he performs his job. Jeff originally thought he was a loan originator, but after realizing the positive impact he could have on other peoples lives he made some basic adjustments to his business and now sees his position and career as a financial educator.

By taking the time upfront to get to know the people he serves, Jeff has been able to positively impact and improve the lives of the people he works with by providing relevant and timely advice. . This assistance comes in many forms, from insurance to painting to helping interview the right retirement professional. This core group of professionals allows Jeff to concentrate on providing the right advice for each person he works with.

Jeff is one of 200 people in the country that is both a Certified Mortgage Planning Specialist – CMPS and a Certified Liability Advisor – CLA. Jeff recently co-authored a book with Todd Ballinger, called “Borrow Smart Retire Rich”.  The principles addressed in the book will be covered throughout the video. 

Jeff hopes you gain insight on how to purchase and finance a home and hopefully you will find your time well spent and walk away with some information you did not know before.  Jeff Thomas, Where Advice Does Make A Difference!

 

If I don't like the realtor I chose, am I stuck with them?

In this video, mortgage advisor, Jeff Thomas describes how to purchase your first home and the process you must go through to obtain a mortgage. This video is designed for first time homebuyers and also provides valuable information to indivduals who have purchased a home in the past. This video includes an overview of the four parts of a loan file, mortgage jargon, the loan process, house hunting, the types of mortgages available and the 7 steps on how to manage your mortgage correctly.

This expert: 56,045 views

This series: 8,360 views

Download to Mobile Device
Tags:

Mortgage

,

House

,

Purchasing

,

Buying

,

Credit

,

Payment

Comments:

0 (Read Comments) (Add Comment)

Print

Transcripts

Host: If I don't like the realtor I chose, am I stuck with them? Jeff Thomas:You are definitely not stuck to the agent but when you are reviewing the -- when you are interviewing your agent, you need to make sure upfront that you ask a couple of questions as if we come to an issue and we can't resolve this issue, how do I get out of this contract? Because you are going to sign a contract with your buyer's agent. It's the buyer's agency contract and it's going to tell you exactly what the terms of the contract are. How long that you two are going to work together. So you want to make sure that when you talk to them that you have an out and it's not very hard to get out. Most professional real estate agents or realtors, they are not going to want to continue working with you if you don't want to continue working with them. The first question they are probably going to ask you is what can we do to resolve this issue? If it can't be resolved then they will probably refer you to an agent in their office. If you don't want that and they still won't let you out, your next concession is to go to and talk to the managing broker. That is the person that manages the office and that person probably doesn't want you working with their agent either, because you are wasting their time and they are wasting your time at the same time while you are looking for a house. It's just not a mutually convenient relationship. 1

Other Videos

  • Why are interest rates so important?

    Why are interest rates so important?

    In this video, Vikki Frank, Kandance Beamon, and Linda Stroman, financial education providers describe several key areas to address regarding debt reduction and elimination. This video is designed to deliver basic financial information to assist individuals and families to be able to identify goals and process strategies for their specific financial needs. The topics included in this video cover are: self-evaluation of debt load, budgeting strategies, understanding the effects on your credit and scores, why savings is important, how to develop a debt elimination plan, and the importance of financial education and how financial counseling may be useful.
  • Saving Money - Cutting Out Avoidable Expenses

    Saving Money - Cutting Out Avoidable Expenses

    In this video, financial planning professional and member of the Financial Planning Association®, Tracey Baker, CFP® describes the four important steps to saving money. This video is designed for individuals who are looking for tips to save money. This video series includes an overview of cutting out avoidable expenses, reducing variable spending, planning for lower fixed costs and making hard decisions.
  • What is the difference between pre-qualifying and pre-approval?

    What is the difference between pre-qualifying and ...

    In this video, mortgage advisor, Jeff Thomas describes how to purchase your first home and the process you must go through to obtain a mortgage. This video is designed for first time homebuyers and also provides valuable information to indivduals who have purchased a home in the past. This video includes an overview of the four parts of a loan file, mortgage jargon, the loan process, house hunting, the types of mortgages available and the 7 steps on how to manage your mortgage correctly.
  • What does it mean to be audited?

    What does it mean to be audited?

    Basic information to prepare an individual income tax return, Form 1040 and the basic schedules. This video is designed for those individuals who want to undertake the preparation of their tax return. There are tips and pointers for those who have attempted this feat in prior years.
  • What are the categories and types of U.S. Bonds?

    What are the categories and types of U.S. Bonds?

  • What are the first steps to take in starting a business?

    What are the first steps to take in starting a ...