All Forum Posts by: Andrew Snyder

Hello All,

My name is Andrew Snyder with NFM Lending. I will be hosting a seller buydown strategy zoom call on January 11th at 6:00 PM. This master class is geared toward investors and real estate agents. It will be a quick 20 minute zoom call that goes over the in’s and out’s of all four of strategies. With price reductions on the rise, these strategies are becoming more effective. I have chatted with a lot of agents and investors who say they have heard about the strategies, but don’t know the details well enough to effectively use them in their business.

The goal of this call is to provide you with the knowledge to leave feeling confident enough to use these strategies in your business.

Please use the below link to sign up!

https://www.eventbrite.com/e/seller-buydown-mastermind-for-investors-agents-tickets-479648600877

LETS LEARN!!

Hello Everyone,

I wanted to reach out with some tips to help make your home buying process a bit easier. I'm sure as investors you have some nightmare lending experiences. Hopefully these tips can make your lending experience a touch easier:

1) Create a list that outlines every document a lender has ever asked for. As you grow your portfolio the list of documents you need will become more extensive. By creating a list of past documents you have used when applying it won't be as big of a headache when the lender initially asks for documents. This will create a much smoother transaction if you have your ducks in a row prior to going into contract.

2) Make sure you work with a lender that is willing to hear your goals. Every investor is different. You are in the business of being as efficient with your money as possible. Having a lender who is willing to cater toward your goals will allow you to make sure you have a mortgage that is most efficient for your specific strategy. If the lender is rushing off the phone. They are probably going to leave some of your money on the table.

3) If a lender asks you for different documents 10 different times throughout the transaction it is time to find a new lender. This is a sign that the lender does not truly understand what their underwriters are looking for or they lack detail. A lenders goal should be to make this as smooth of a transaction for you as possible. Don't expect them to get everything they need on the first try (We are human). But if it starts to become excessive then you are only adding stress to your life by using that lender in the future. Time and energy are money. If your lender does not understand that then they aren't worth it

4) Be consistent with the lender you choose. If a lender has closed deals with you in the past they will know your profile. This will make the process much smoother for you. There is no harm in shopping to keep your lender honest, but the more the lender knows your file the easier of a time you will have.

Hopefully these insights can add some value to your business.

@Chris Tarpey You are a smart man! Taking steps to work with the lender will make your life much easier. We want to get your loan closed. We aren't just trying to make your life hard. As you build your portfolio your organization will pay off big time!

@Account Closed The documents required depend on your scenario. DM me and we can setup a time to help you get organized for future transactions!

Hello Everyone,

I wanted to reach out with some tips to help make your home buying process a bit easier. I'm sure as investors you have some nightmare lending experiences. Hopefully these tips can make your lending experience a touch easier:

1) Create a list that outlines every document a lender has ever asked for. As you grow your portfolio the list of documents you need will become more extensive. By creating a list of past documents you have used when applying it won't be as big of a headache when the lender initially asks for documents. This will create a much smoother transaction if you have your ducks in a row prior to going into contract.

2) Make sure you work with a lender that is willing to hear your goals. Every investor is different. You are in the business of being as efficient with your money as possible. Having a lender who is willing to cater toward your goals will allow you to make sure you have a mortgage that is most efficient for your specific strategy. If the lender is rushing off the phone. They are probably going to leave some of your money on the table.

3) If a lender asks you for different documents 10 different times throughout the transaction it is time to find a new lender. This is a sign that the lender does not truly understand what their underwriters are looking for or they lack detail. A lenders goal should be to make this as smooth of a transaction for you as possible. Don't expect them to get everything they need on the first try (We are human). But if it starts to become excessive then you are only adding stress to your life by using that lender in the future. Time and energy are money. If your lender does not understand that then they aren't worth it

4) Be consistent with the lender you choose. If a lender has closed deals with you in the past they will know your profile. This will make the process much smoother for you. There is no harm  in shopping to keep your lender honest, but the more the lender knows your file the easier of a time you will have.

Hopefully these insights can add some value to your business.