“I know youre always saying to use an agent whos experienced. But what about a lender? Im going to be buying a home and Id like to use a friend of mine who just started in the lending business. Do you think thats OK?”
***ANSWER:
Not a problem
That is if you dont mind risking getting the wrong loan for your needs, having your closing delayed, or even losing the home you want. Theres way more to getting a mortgage than meets the eye.
Would you ever say, Im being sued for a million bucks. Ill use my friend who just passed the bar?
Or Ive got a tax problem, so Ill use a woman I know who just became a CPA?
Or even My backs killing me, so Ill go to my buddy who just became a chiropractor last week and have him twist me into a pretzel. Im sure Ill be fine?
So dump your friend and go with a seasoned, experienced lender. If you have any guilt, youll better off writing your friend a $1,000 check and using the better lender.
Buying or Selling A San Diego Investment Property
