Tony Ray Baker
Hi, I’m Tony Ray Baker and this is Jeremy Rains and we’re with Remax Select in Tucson, Arizona. Don’t Miss this Video If you’re thinking about getting prequalified for a home loan, here’s my best advice. Just don’t do it. Let me explain. So believe it or not, in the passed, buyers would look at homes and then write an offer and then their agent would submit that offer to the seller. Many of the sellers would actually accept the offer without even knowing if that buyer could really buy the home. Now, obviously, you can imagine there was a lot of problems.
Jeremy Rains
So our industry, lenders, Realtors, et cetera, decided to fix the problems so it would be easier and save everyone a lot of waste of time and money.
Tony Ray Baker
Yeah, they did a really good job. All of us. I was part of it on marketing and advertising, the benefits of getting pre qualified before shopping for a home.
Jeremy Rains
Unfortunately, predatory lenders use this to their advantage.
Tony Ray Baker
You know, these predatory lenders, they’re online lenders. They have names like Quicker Loans or Money Comes From Tree Loans or even Rocket Man Loans. I’m not kidding. They have these weird names, right? They knew it would take a lot of work for you, the buyer to fill out the form, the application and submit all of those necessary documents because they’re going to collect a bunch of documents. That’s part of getting a loan. So they set out to make it really seem easy and really seem quicker than using your local loan officer. And they did a great job. Their Masters at marketing. They also knew statistics. Most buyers will only want to do a loan application and turn in their documents one time. So if you can get the buyer first, they will most likely stay with you and not go to another lender.
Jeremy Rains
So this is why he told you that you don’t get prequalified. What we want you to do is we want you to talk to your trusted, experienced real estate agent first. And they know who’s the best loan officer for you and your specific needs and the loan officer that the seller’s agent is most likely to promote to their seller.
Speaker 3
Right.
Jeremy Rains
Making your offer look better than the rest?
Speaker 3
All of them. Yeah. It’s awesome.
Tony Ray Baker
So for more information on how to choose the right lender, check out our short video. We’ll have a link here or somewhere on the page that you’re on. We also have a full Deeper Dive video. It’s about an hour and it talks all about real estate and things you need to know before buying a home. There’s also some really cute other short videos. I’m prejudiced because we did them, so they’re cute. Also, we have a great page at Ctucsonhomes Combearsworkshop that has all these videos. Or we have them on our YouTube channel Playlist. And I think we have a little snippets on Facebook for you too. So no matter where you are, there’s links and more information to get you to the right place. If you want quick information, if you want to just get going right away, call me directly at 520-631-8669. I’ll answer the phone. It’s my private cell. The other thing you need to know is if you’re not in Tucson, Arizona but you want a loan officer and a real estate agent that comes highly recommended. We have
Tony Ray Baker
somebody probably in almost every city in the United States. So call me and I’m happy to find them for you.
Jeremy Rains
I’m Jeremy range with Remax Select.
Tony Ray Baker
And I’m Tony Ray with the same Remax Select and thank you for watching our video.
