Whether you’re a first-time homebuyer, or looking to finance a second, third, or fourth home purchase, you know how important the mortgage loan is to your happiness. Working with an online lender may seem like a good choice, but there are many advantages to working face-to-face with a local community lender. Here are four important things to consider before making that choice:
Personal relationship– Your mortgage lender will get to know you, your financial situation, and your home purchase desires to help make a favorable decision on the best way to assist you with your purchase or refinance. You’ll have a sense of security and trust, working with one person throughout the process, not whoever picks up the phone at an online call center.
Financial knowledge– Whether looking at your credit report, or explaining the benefits of budgeting, your mortgage lender has the financial knowledge to assist you in making important decisions. Your lender will show the benefits of setting aside money for maintenance, appliances, and home improvement projects, as well as explaining how you can improve your credit score and the impact it can have on your financial future.
Tailor-made mortgage– A benefit of working with a mortgage lender face-to-face is having an expert communicating regularly with you to ensure your loan stays on track through the mortgage process. Having the benefit of local decision making, you can trust that your home purchase or refinance will be followed through on and made a priority from start to finish.
Questions? We’ve got answers– If you’re a first-time homebuyer, or you aren’t comfortable with the loan process, working with a face-to-face mortgage lender provides opportunities to ask questions. Over and over. And the lender will teach you and guide you until you feel comfortable with the process and terms.
And don’t forget. That mortgage lender you are working with likely lives in the same city as you do. They know how important it is to have happy, satisfied customers. They’ll work hard to do what’s right for you and your home.
Despite the benefits, you might still prefer working through the online process. Peoples State Bank is equipped to handle any channel our customers prefer to do business. To get started, a pre-approval is the first step in buying your dream home.
You can also reach out to one of our experienced mortgage loan officers, or learn more about the mortgage loan process, by calling us at 888.929.9902.