Process Not Event
Picasso was famous for many things. 
Getting a mortgage, though, probably not one of them. He is well-quoted about his process for painting (creating), often explaining that he wanted challenges or subjects that he knew nothing about and had to find a way to express what he saw in his mind. He wouldn’t sit down and just paint. Rather, it was a process of thinking and imagining and finding what he wanted to express.
I was talking with a real estate agent this past weekend who expressed this same idea regarding real estate and, from my perspective, mortgages. Many people expect to show up, one fine day, and look at several house and then pick…..Same with the loan process. Meet with a loan officer, review a few programs, and then pick….
Buying a home and getting a mortgage takes time. And so managing one’s expectations, right from the beginning, is essential to finding a home and getting a mortgage the right way. It’s a good thing to slow down, meet and consult with your real estate agent and loan officer (and, I would recommend, financial planner, attorney, CPA or whomever else you want to include in this process) and really open up and express your goals. Develop a game plan with them. The people you have chosen are experts and professionals. They will help you follow your head rather than your heart.
Once emotion starts to take over, uncertainty and confusion soon follow. And there’s nothing more confusing than confusion. Your decisions should not just happen. Let both your thoughts and emotions trickle through, and talk about what you are thinking and feeling with people you trust.
Buying a home and obtaining a mortgage (especially during the pre-approval) is a process that, in the end, should be discussed, planned and made clear.
Clear?….not sure if some of the Picassos are exactly clear to me.
Thanks so much to Steve West, of @Properties, here in Chicago, for his brilliant insight.
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