In this fast paced world, people hate waiting for the things they want. However, when it comes to buying a home, does speed necessary equate to efficiency? Is buying a home more comparable to the Olympic downhill ski, or cross country skiing?

Getting a Mortgage vs. Downhill Skiing

mortgage vs olympic skiing

Downhill skiing is without a doubt one of the fastest sports around, and while many mortgage customers look for these quick results. It is nearly impossible for someone to speed through the homebuying process, and not experience multiple wipeouts. Getting a mortgage takes time, pace, and attention to detail. Each step, from pre-qualification to the closing, needs to be carefully looked at to assure customers are ready to take on a home loan. If essential details are overlooked, both parties could end up out of the game for a long time.

 

Getting a Mortgage vs. Cross Country Skiing

mortgage vs olympic skiingThe mortgage process is much more comparable to cross country skiing. Just like the skiers in Sochi, customers need to start preparing, long before making their first contact with a Loan originator. Homebuyers should be saving money, building credit, and gathering documents to prepare for the starting line. Once prepared, “Its Time” to go for gold. Customers must be ready to conquer multiple check points, including the pre-approval, underwriting, and the closing. Each check point will create a different challenge, and homebuyers need to be prepared for all obstacles that could come their way. While the course may seem long and tiresome, buyers should remember to pace themselves, and look forward to the moment they can collapse with joy at the finish line.

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