Why use a local lender?

 

5 Benefits Of Using A Local Lender




Buying a Home?

Buying a home – whether it’s your first or 10th, can be very stressful. Once you find your future home you have the challenges of packing up your home and maybe life, making sure your current home passes inspections and the last thing that you want to worry about is your mortgage. Going with a local lender is a wise choice as it will ease your mind knowing that your money is in trusted hands.

5 Reasons to Use a Local Mortgage Lender

 

1. Reliability –

As a local financial organization, they can be more reliable than the larger companies. The larger the bank, the more departments get involved, and the less anyone knows what’s going on with the team. Local branches can check in with their individual team members with who they work hand in hand every day to ensure the process is going smoothly. They have their own in-house underwriters, so their teams are involved every step of the way to make sure there is less stress during the home buying process.

2. Knowing the Local Market –

Local lenders using the resources around them like appraisers and real estate agents that understand the true value of your home. Loan officers at local lenders invest a lot of time and effort building a great relationship with the realtors in the community they serve. Since most of them live in the neighborhood they work in; they understand the uniqueness of our community and local real estate trends. Their trusted loan officers can help you choose the right type of loan for your specific situation and make sure to keep you updated every step of the way.

3. Sellers are more receptive to offers –

When a local lender provides a pre-qualification letter that accompanies the offer, this will drastically help you when you find that perfect home over the weekend. Once one of their trusted Loan Officers pre-qualify you, they can quickly provide you with a letter to match your offer. A local lender will appear more desirable to home sellers and real estate agents because of the importance of a smooth and timely process. Having a local, trusted lender can be the difference between you getting your dream home.

4. They work when you need them –

They do not have standard banker hours, their team is available when you’re available – after hours and on the weekends. This is critical when you find your dream/forever home as you won’t be waiting around until you get a response from a large corporation.

5. Personalized Service –

Using a local lender allows you to work face-to-face with an expert, eliminating a lot of uncertainty and anxiety. Local lenders give you the ability to avoid those horrible, automated customer service lines. Your loan officer might have fewer clients as well compared to those large banks or credit unions, so if you have a more complicated loan, they can offer answers as you’ll have easier access when questions pop up. If a question can’t be answered over the phone, no problem, make an appointment to speak in person.

At the end of the day if you have any questions or need local lender recommendations call us we can help.

Because we care...

#teambousehouse

#ocrealestate #remax



Comments

Post a Comment

Popular posts from this blog

Here’s What a Recession Could Mean for the Housing Market

Image
  Here’s What a Recession Could Mean for the Housing Market Recession talk is all over the news, and the odds of a recession are rising this year. And that leaves people wondering what would happen to the housing market if we do go into a recession. Let’s take a look at some historical data to show what’s happened in housing for each recession going all the way back to the 1980s. A Recession Doesn’t Mean Home Prices Will Fall Many people think that if a recession hits, home prices will fall like they did in 2008. But that was an exception, not the rule. It was the only time we saw such a steep drop in prices. And it hasn’t happened since. In fact, according to data from  CoreLogic , in four of the last six recessions, home prices actually went up ( see graph below ): So, if you’re thinking about buying or selling a home, don’t assume a recession will lead to a crash in home prices. The data simply doesn’t support that idea. Instead, home prices usually follow whateve...
Read more

The Secret To Selling This Spring: Start the Prep Work Now

Image
  GET READY TO SELL!! Spring is the busiest season in the housing market. It’s the time of year when buyers are most active – that means it’s when homes sell faster and for top dollar. If you’ve already got a move on your mind, why not list this spring and take advantage of the added buyer demand? Since spring is just around the corner, now’s the time to start getting your house market-ready. You’ve got just over a month to do the prep work. And while that may sound like a decent amount of time, it’s going to go by quickly. And you won’t want to rush through this important task – especially this year. The Right Repairs Will Matter More This Spring Right now, two things are true. There are more homes on the market than there have been in years. And buyers are being extra selective. That combination means you need to invest some time and effort in making strategic repairs. And many homeowners already have a jump on this work. In the  2025 Outlook for Home Remodeli...
Read more

More Homes for Sale Isn’t a Warning Sign – It's Your Buying Opportunity

Image
    More Homes for Sale Isn’t a Warning Sign – It's Your Buying Opportunity Maybe you’ve heard the number of homes for sale has reached a recent high. And it might make you question if this is the start of another housing market crash. But the reality is, the data proves that’s just not the case. In most areas, more inventory isn’t bad news. It’s actually a sign of the market returning to a more stable, healthy place. What’s Going on With Inventory? Based on the latest data from  Realtor.com , inventory just hit its highest point since 2020, shown with the white line in the graph below. But what you need to realize is, at the same time, inventory levels still haven’t returned to pre-pandemic norms ( shown in gray ) : That means there are more homes for sale now than there have been in quite some time. And while it’s true inventory is up significantly compared to where it was over the last few years, the number of homes on the market is still well below typical l...
Read more