Lender Talk (Q&A)

The current real estate market can be a bit daunting for some, but with the right education and guidance, it becomes a much smoother journey. My mission has always been to empower and educate as many people as possible, serving as a valuable resource. So, when I noticed how perplexing this market can be for many, I turned to my Instagram community to find out what questions they had.

I'm not a lender, and I stay firmly within my lane! However, I recently had the pleasure of meeting with one of Baltimore's top lenders, Mr. Greg Lewis of Fairway Mortgage. He graciously took the time to answer your questions.

Now, a few tips for those venturing into this market:

1. Seek out a trusted realtor and lender through referrals.

2. When shopping for lenders, consider your communication style. In the world of homebuying, there are both seasoned and novice buyers. I've discovered that experienced buyers may find lenders who communicate frequently a bit irritating, while those new to the process often appreciate patient and highly communicative lenders. Each lender has their unique communication style, so find one that aligns with your preferences.

3. Ask your lender about how much you qualify for, but also let them know what you want your monthly payment to be. Have your realtor compile a list of homes that match your criteria to see if they fit your needs within that price range. This way, you'll have a range to work with and understand the costs if you decide to explore homes higher or lower on the spectrum.

Listen below for the Q&A. Remember, the real estate market can be challenging, but with the right team and a clear understanding of your goals, you're well on your way to success. Happy house hunting!

Greg Lewis | Fairway Mortgage | Greg.Lewis@Fairwaymc.com