Talk about misconceptions – humans think a goldfish’s life is dull? Not around here. Mallory dove into the house buying business with her usual focus. (It’s closer to obsession but I love her so we’ll leave it at focus.) Unfortunately, my human just doesn’t know the right questions to ask about all of this so she’s kind of going around in circles – which is my thing not hers. Not that I’m certain of the right questions either, my living quarters are portable, but I do know that we don’t know our options (especially when it comes down to how we choose a lender).
I even had to get a little tough on her; she was about to put all of our financial history and her personal information into an online mortgage program when she didn’t even know the site’s security or encryption level! All she knew was that she recognized part of the name of the site. Gee, why don’t we just hand out flyers to every financial identity thief that says “We’re gullible, come take our info.” It’s ok to apply online provided it’s a reputable company and they have a local office to help with the process. She hadn’t even checked to see if they had a local office – humans, they tend to trust anything sometimes.
Once we’ve done this house buying thing a couple of times and know that a website is encrypted and secure then we can work totally on line, but a standard form isn’t what we need this time. It took a while to convince her that this first time around we really need to talk to a human being who knows what they are doing and can ask us the right questions. And we do need to know how much house we can afford before we begin looking. That’s when the real fun began.
So, Mallory doesn’t have friends who have been through the house buying process and not many of her business associates are from around here. But it seemed that the first step would be to ask around and find out who was really happy with their Mortgage Lender and who wasn’t. (Difficult for me to do, not everyone speaks goldench; had to fall to Mallory.) What we actually found out was, while she knows a lot of people, most of them have unusual definitions of what an expert actually is. Allow me to illustrate, (no reason I should be the only one who’s frustrated…) here are a couple of their “recommendations:”
Chase has a friend who works at a bank in the commercial leasing department. That friend occasionally eats lunch with someone from the Mortgage Lending department so he recommended him. Turns out this lunch buddy of a friend of a friend is a nice guy- who was transferred into the department two days ago and is just learning the business. Not that I’m against ambition; great quality. I’m not against learning new skills; great quality. We just need someone who has been swimming in the right pool for a while because we’re not sure of what we’re doing either.One fish, two fish, goldfish....whose recommendations do you trust when it comes to financing… Click To Tweet
Boyfriend Adam has a couple of people he knows from his last base who have bought houses and they all used the same mortgage lender. That would have been a nice connection except their loan officer is no longer in the business. (Which brought up the “maybe we should buy the house together discussion.” I’m just too drained to get into that now but I’ll tell you about it later and what is a VA loan anyway?)
Then there was one of her musical clients who had a friend who had helped him buy his house. Of course the friend was primarily a band manager who knows someone who knows someone in the business. Seriously?
It was obviously time for me to start making some waves. After tons of firm persuasion, she agreed to my plan.
We’ll look for a local Mortgage Lender, one we (well Mallory, people object to Goldfish being brought into their meetings) could physically sit down with if needed, but will work with us online or however we wish.
We’re going to read the testimonials about the person and look through their social media to get a feel for who they are and what they know.
We want to work with someone who has been in the business awhile and knows what we don’t for this first time on the house buying journey. Mallory agreed to bring their references back so I could take a look at them.
We are coming prepared and doing this right. Once we choose a lender, we won’t be changing. We don’t need our financial information out there with everyone and we don’t need the hassle of changing either. (I can’t tell you how long that simple list took us- and they say that Goldfish can’t stay focused!)
The whole process has just worn me out! But at least my human has a sensible plan. Now I’m going to take a nap, oh I told you I’d tell you about the “let’s buy a house together” debacle. I’m really just exhausted. Next time – okay? Pearly
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