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  • Greg Payne

What is the American Dream?

Instantly, some of you thought of the late, great professional wrestling icon, “The American Dream” Dusty Rhodes.

However, I’m not referring to him here. No, I’m referring to that idea we’ve heard defined in so many ways over the years.

What is the “American Dream”? Well, to me, it’s whatever you want it to be…and that’s the whole point.

When preparing to write this blog, I looked up quotes about the “American dream” and found these words mentioned several times:

Equality

Education

Freedom

Opportunity


I don’t think anyone could argue with any of those terms. They make up the pillars of the American way.

Another thing that I saw mentioned several times was “home ownership”.

Even if I wasn’t in the home ownership business, I’d completely agree with that being included as part of the “American dream”. Generally, it’s a sound financial investment. Further, it affords the homeowner pride of ownership. There’s just something about something being your own that elevates self-esteem and a sense of accomplishment. Ever since I can remember, I’ve heard owning a home (white picket fence optional) mentioned as part of the American dream.

Sadly though, even though most people would probably say that home ownership is high on the list of things that make up the American dream, there are many people who have no idea how to even start the home buying process. I’ve heard so much bad advice (by well-meaning people even!) given to potential homeowners. Sometimes, this bad advice sets the potential buyer back months in their quest.

The first step in the path to becoming a homeowner is to pick a lender. Even though I’m a lender and I want everyone to choose me, I realize that I can’t possibly do all of the business AND there are a lot of really great lenders in this town. It’s always a good idea to ask people you know and trust, and who have been through the process, who they used and how they felt about the process. My goal is to give my clients a great home buying experience.

But all lenders say that, right? Or, at least, they should.

So, do your homework. Ask people you trust, look up a lender’s reviews (they are easily found these days), and go meet them. You’ll know which one is the best fit for you pretty quickly.

Depending on your needs (for example, credit repair), choose a lender who knows how to help your unique situation.

One of the main complaints about the home buying process is a lack of communication from the lender. You’ll find out pretty quickly if communication is a strength or a weakness of a particular lender. Most lenders are paid commission only and if a lender isn’t calling you back, he’s either got plenty of business keeping him busy or he’s just bad at communication. Either way, that’s not a good sign for you.

At the end of the day, good lenders not only want to help you achieve your dream of home ownership, they also want you to tell your friends how good of a job that lender did for you. If they aren’t impressing you on the front end, walk away. There are plenty of lenders out there who are willing to help you. You shouldn’t have to beg one to communicate with you.

Even though home ownership is only part of the “American dream”, it’s a commonly mentioned part. My goal here at Payne Mortgage Team with Summit Funding is to help you grab your piece of the American dream and get you into a home of your very own.

Greg Payne, Loan Officer

NMLS ID# 1527537 GA LIC# 52400

6148 Lee Hwy, Suite 308

Chattanooga, TN 37421

Branch NMLS ID# 1821797

Summit Funding, Inc. NMS ID# 3199, GA Lic# 39456

www.nmlsconsumeraccess.org

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