One of the first steps in buying a home is the financial part. Most buyers opt for a mortgage, so you need mortgage information. Many buyers are intimidated by the process. I know when I bought my home, I had no idea where to start. Today, you can get a lot of good information online and from your local bank. Unfortunately, most buyers have no idea where to start or end up using a lender that they found using Google! Over the years I have had the opportunity to work with numerous lenders and I would like to share some thoughts on the process.
My experience with a majority of lenders is that they rarely offer their best offer the first time. You should always get two offers before moving forward with a particular lender.
I tend to stay away from online lenders. My feeling is that I get better service and personal attention from a person that I can physically meet. When you apply with a company out of state or online, the lenders does not have the same personal connection and knows that after your deal is done, there will be another ready for them They don’t work to get your referral business. They also know that if things go wrong, all they have to do is not answer the phone or reply to your email.
That being said, I work with lenders that go above and beyond to earn not only my referrals but my clients. To be clear, I have no financial arrangement with the lenders I use (it’s against the law) but they do receive a majority of my business because they do a great job. Anyone I refer in my business has to pass the mom test meaning I would let them work with my own mother. I do have a list of excellent providers that I am happy to share with you! If you like, feel free to click on either of the links below to be directed to a lender I know and trust with my own personal business.