One of the most significant things that happen is the purchase of a house. Between finding the house of your dreams, covering up your life, passing the test, and stamping the contract, the last thing you want to worry about is making sure your mortgage is in order.
Local lenders are a smart option for first-time buyers, those who need a little extra help, and those who have an empty nest and want to start a new chapter in life. Relax your mindgoing to a Seattle mortgage lender and keep your money in good hands.
Here are the best benefits of using a local mortgage lender in Seattle:
Real Estate Relations
Most local lenders invest a lot of time and effort to build solid relationships with real estate companies throughout the regions they serve. This can be very useful when it comes time to conclude a contract. The Philadelphia real estate market is now in the red, and buyers need to move quickly when they see a property they want. Often local lenders extend the hours, allowing you to contact them on evenings and weekends.
If you find a home you want on Sunday, you can approach your credit officer and get approval on the same day. In addition, since everyone (real estate, lender, and buyer) works close to each other, completion can occur on time and with local attorneys and agents. The final extension to buying a home is the most stressful part, and communicating with each other personally will make the whole process quick, clear, and painless.
Using a local lender allows you to work face to face with an expert, which eliminates a lot of uncertainty and tension. With local lenders, you avoid scary customer service taxes administeredthe voice-activated computer’s team, and your messages do not sit in the voice mailbox unresponsive for weeks. Instead, you have a cell number that you can call or text at a moment’s notice.
Confused about prior approvals, loan types, or next steps? Make an appointment to talk face to face with an expert who can destroy everything and steer you in the right direction. The online experience is not comparable to the first quality care you receive with a local lender.
Most local lenders not only offer bigger boxes at affordable prices than national brands but also offer additional offers to some buyers to prove their worth. Pre-approvals are real loan approvals that confirm in writing the loan amount you qualify for, which gives you peace of mind when shopping for a home. That means you are already one step closer to getting a mortgage and you are qualified to buy the home you are looking for – which will entice you to the seller and give you a foothold in the competition to land your dream home.
Wealth of Knowledge
Local lenders have a greater understanding of the demand in your region than anyone else. This indicates that they have a greater grasp of land prices and the local economy. When you work with a small, local mortgage company, you will be paired with a licensed lender and a team of experts who specialize in the area you are buying from.
They help you choose the right type of loan for your situation and keep you up to date, ensuring that every step is done carefully and with care. Most local lenders have the internal tools and resources to expedite the loan, making sure to take care of everything with the rest of the time.
History of Success
Find a local lender with a track record of success. At some, such as the Alliance Mortgage Board, you have a firm track record and commitment to a region you will not find anywhere else. Their credit officers are members of the community in which they serve. They shop at the same grocery stores as their customers, get their gas at the same gas stations, and live their lives in a similar fashion. They have a passion for closing every loan as smoothly and efficiently as possible.