Elizabeth Weintraub #00697006 Lyon RE

We talk about how we get all of your money out of your pocket and into our pockets. JUST KIDDING!!! The lender does not share your personal information and wouldn't share any money they get with us anyway. It is against RESPA violations to pay fees to a mortgage broker or vice versa.

Generally we talk about your maximum loan limits and how much to put on the pre-approval letter. You don't want to make an offer on a property worth $200,000, for example and submit a pr- approval letter that says you can afford to pay $210,000 when you are offering $195,000. Otherwise, a seller might want you to pay list price.

After you are in contract, we communicate about the progress and your documents. For example, the lender will want a copy of the TDS, which we supply. There might be funding conditions about the property that we will need to resolve prior to closing. We might need to draw an addendum for the lender to remove or add an element to the purchase contract. We generally both attend closings.

Elizabeth Weintraub
Broker-Associate #00697006
Lyon Real Estate - Yesterday at 1:32pm