1. My agent is insistent I use their recommended lender when I found a better option. Am I breaking some unwritten rule?

    Reader Question: My offer was accepted, and I was thrilled. Before making the offer, my agent had instructed me to obtain a pre-approval letter and recommended I use a particular loan officer. I went ahead and did so after confirming with the loan officer that doing so wouldn’t lock me into using his services. I […]

    November 23, 2015
  2. Will a real estate agent blow me off without loan pre-approval? I have a good job and credit score so why do that before I need a loan?

    Reader Question: I want to start looking for a home, but several people suggested agents won’t take me seriously without a pre-approval letter. I understand the pre-approval must be updated every 30 days, and a credit check hurts my credit score. How do I avoid being punished for planning ahead and beginning my search far […]

    September 30, 2014
  3. Do you recommend any loan modification companies?

    Reader Question: What do you know about a company called “name omitted”? Can they really help? Are they a legitimate company? Monty’s Answer: Hello Ely, and thanks for the question. I do not recommend or rate businesses, but some comments and suggestions may be helpful. Background is important. Companies like the one being questioned specialize […]

    May 28, 2013
  4. Mortgage loan pre-approval in today's real estate market is a must if you plan on financing your purchase

    A mortgage loan pre-approval from a lender has gained more importance in real estate transactions than ever before. Mortgage lending has been affected the past several years with a heightened level of regulation in an attempt to prevent the types of abuses they believe created the real estate meltdown that began around 2008. Appraisal restrictions, […]

    September 2, 2011