Description

In this episode, Dave and Tom discuss:

• What the preapproval letter does (and what it doesn’t do).
• Having a cohesive team behind your purchase. 
• Ways you can sabotage your own closing. 
• Why communication is so important throughout the loan process. 

Key Takeaways:

• Communication is the key to everything in life, but especially in mortgages and closings. 
• Stay in contact with your lender. Let them know as soon as you go under contract. 
• Third party items (such as the inspection or appraisal) are important to get scheduled right away as that is outside the control of your lender. 
• Do not rock the boat before you close. 
• Communication, communication, communication. Keep the lines of communication open with your loan officer to make everything go as smoothly as possible. 

"The more you can be prepared upfront, the smoother and better the processes and the more coordinating on the back end." —  Tom Merritt

Connect with Tom Merritt:

Website: https://summitfunding.net/

Professional Contact: https://summitfunding.net/sites/tmerritt

Email: tmerritt@summitfunding.net

Phone: 312-224-3821 

LinkedIn: https://www.linkedin.com/in/tom-merritt-9068a42/

Facebook: https://www.facebook.com/summitfundingchi/?fref=ts

Connect with Dave Nimick:

Website: https://thenimickteam.com/

Email: dave@thenimickteam.com

YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.