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 get pre-approved for a loan. You know that big banks offer mortgages, but so do smaller, locally owned businesses. In fact, shopping local for your mortgage may work in your favor. Consider these advantages of using a local lender.
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 it comes down to 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 working with a local lender, you have a highly specialized team on your side from start to finish. They take the time to get to know you and understand your current financial situation. A local lender will understand unique regional lending options and programs, and ultimately, find the best loan options for you.
Ready to take the first step?