Advantages of Using a Local Mortgage Lender
The housing market is hot and you’re ready to buy. Before you set your sights on a dream home, the first thing you should do is become pre-approved for a home loan. You know that big banks offer mortgages, but so do smaller, locally owned businesses. In fact, shopping local for your mortgage may give you a competitive edge in your real estate market. Below are three advantages of using a local mortgage lender when looking for a home.
Loan Originators who work for local mortgage companies have in-depth knowledge of the markets they serve. Oftentimes, they live in the same community they work in. Sellers may have more confidence seeing offers attached to a local company knowing these lenders are familiar with the area and value of a neighborhood. When you reach the final steps of the mortgage process, local lenders may also have recommendations on inspectors, contractors and title companies, taking work off your plate.
We get it – things happen outside of 9-5 business hours, especially when it comes to mortgages. Need to call on the weekend? Go ahead! Want to meet in person to discuss something? Stop by the office! When you shop local, your loan originator isn’t a bot behind a screen – they are usually a quick phone call or drive away.
Nobody wants to feel like a number. When you work with a local mortgage lender, you have a highly specialized team by your side from start to finish. Your loan team takes the time to get to know you and understands your current financial situation. A local lender will also understand unique regional programs, and ultimately, find the loan options that best suit your needs.
Ready to take the next step?
At VanDyk Mortgage, we pride ourselves on treating clients like family. We would love the opportunity to work with you on your homebuying journey. If you’re ready to take the next step, Find a Local Loan Originator near you!