With this current real estate market we are all experiencing one thing is for sure, every Realtor and every mortgage lender is fighting for every closing and every commission check. There is no more picking the "A" clients and letting the rest fall through the cracks. In many cases not closing a sale will mean the difference between paying the bills and not paying them.
Some of my best friends in life have a daughter that I love as a daughter of my own and she has called me a 2nd father for years. Jenny is a single mom and is looking to buy a home and has all the fears and anxiety all first time home buyers have and she is on a very limited income.
Last week I drove an hour north of my office last week and took my mortgage lender Amy Barrutia with me to qualify Jenny. We showed Jenny some homes and Amy qualified her for her loan.
A few days later Amy happily informs us that Jenny is approved for a loan and we are ready to write an offer. The total payment is about $100 higher than what Jenny was paying in rent and even though it will be tight Jenny thinks she can swing it and wants to move ahead. I showed Jenny some more homes this past Sunday with her mom and dad and she fell in love with one of the homes and she has decided to purchase it.
Yesterday I receive a call from Amy and she happily tells me she found another program that Jenny qualifies for that will get her total payment down equal to what she was paying in rent! In order to get Jenny this loan Amy would not get the loan, she would be referring Jenny to another agency for approval.
What is amazing is that Jenny qualified with Amy's bank and was willing to move forward. Amy searched for and found another loan that was better for Jenny and happily gave up the loan and her commission for the benefit of Jenny.
Amy called Jenny to give her the news and Jenny phoned me later nearly in tears and feeling so bad that Amy would not make anything for all her hard work.
I called Amy and thanked her for being a person of integrity. I know it was hard for her and would be hard for any mortgage lender to give up a client that has said they will go with you.
I love listening to Dr. Laura on talk radio. One of Dr. Laura's favorite sayings which I love is "Now go do the right thing".
Amy already had my respect and admiration and she just gained a whole lot of fans by her actions. Many times we have to give up something to get something much bigger that cannot be measured in dollars and cents. We are not born with integrity, it is something we choose and Amy has chosen it at a very, very young age.
Dr. Laura would be very proud of Amy as I am
Native Idahoan and Boise Idaho Real Estate specialist serving Boise, Meridian Eagle, Nampa, Caldwell and the surrounding Treasure valley area of southwest Idaho. Specializing in residential, investment, land and commercial real estate. Search thousands of MLS listings at Boise Homes for sale and learn all about Idaho by visiting Search Idaho Homes