Buying and moving into a new home is one of life’s great experiences, especially if you’re buying your first home. From getting that pre-approval to the “yes!” response on an offer to closing and moving in, every step is exciting. And while the process is engaging and fun, it’s important to prepare for moving day […]
What is RESPA & how does it protect you as a consumer?
The journey of buying a home can have a lot of twists and turns, from finding the best location to saving up to cover associated costs like down payments. The last thing you want to worry about is if you can trust your homebuying team.
That is why the Real Estate Settlement Act (RESPA) was passed in 1974. This act prohibits transactional benefits between real estate agents and loan officers like unearned fees and kickbacks to protect the customer’s best interest.
At SmartMortgage, we take your safety and financial wellbeing seriously. We work hard to ensure our customers get the best service and peace of mind.
Trust your homebuying team
When you choose SmartMortgage, you can rest assured that we’ll give you straightforward referrals. We don’t incentivize real estate agents for referring you to us either. While we can provide agent recommendations based on our years of experience, ultimately, the choice is up to you.
You have your choice of agent
We believe that you know your needs best. Different agents often have different specialties depending on where you plan to purchase and what type of loan you qualify for. For example, if you plan on purchasing a home in a rural area, find an agent that specializes in rural properties.
Take the time to choose the right agent for you and your needs. Always get referrals, read reviews, double-check their credentials, and always ask questions. The right agent and agent for you will listen to your questions and concerns and work to find you the loan and the home that meets your needs and wants.