You may be aware that I am the father of five very amazing daughters! My wife and I often joke about what we missed during the 80’s and 90’s because for nearly 20 years, beginning in 1984, we were very busy with little girls. Part of living in a very active, colorful and energetic household of little girls was watching, singing, playing, dressing up like and reading Disney princess musicals. The Little Mermaid, Aladdin, Cinderella, Snow White, Beauty and the Beast, Mulan and Pocahontas were all danced to, dreamed about, reenacted and sung with vigor around the Short house during those memorable years.
One of the songs which comes out of those years is a song sung in Pocahontas II by the daughter of the Indian chief entitled “Where Do I Go From Here?” This song is sung in the movie as Pocahontas encounters a crossroads and she is reflecting on what she has heard from many in her life as she contemplates her next move. The chorus in this song is this:
“But where do I go from here?
So many voices ringing in my ear.
Which is the voice that I was meant to hear?
How will I know?
Where do I go from here?”
Many who are contemplating an upcoming home purchase must feel the same way! Radio and TV Ads, direct mail, social media, neighbors, brothers-in-law – they ALL freely offer their advice, even when NOT asked! They are sure, from their experience, who should be called, what should be required, where one should look, and how long it should take! However, their experiences are generally very limited to their own few transactions and in light of their own unique circumstances.
What many “would-be, well-intentioned” advisers don’t tell you is that they have a very limited experience in the process of buying (or refinancing) a house. The TRUTH is that many of the national loan program guidelines are changing often and individual companies often have their own overlaying restrictions which are added to the federal government-mandated qualifying guidelines.
Most honest Realtors, Real Estate Attorneys, insurance agents, home builders, financial planners and CPA’s will admit that keeping up with home loan requirements is not part of their daily or weekly routine and therefore the borrower should wisely start their home buying (or refinancing) process by contacting a nationally certified, state licensed, experienced mortgage professional who has the information and attention to keep the unique needs of the borrower at the forefront of the available financing options being considered.
In answering the wanna-be, home buyer (or homeowner who desires to refinance their home loan) when asking, “Where Do I Go From Here?”, I recommend contacting a local, experienced mortgage professional who can be reached and trusted to help the borrower reach their goals. How can I help you?