To know if you have the right lender, there are multiple factors you must consider.
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Even after they’ve chosen their lender, many people still don’t know if they’ve made the right decision. How do you know you have the right lender?
One thing you can do is make sure you submit all your information so you receive a valid pre-approval letter. We talk to a lot of borrowers who don’t send the proper documentation to their lenders and don’t receive the correct pre-approval letter.
Communication and trust are also key when it comes to the relationship you have with your lender. Make sure they answer all of your questions and return your phone calls, because that’s important in building that trust.
Rates and costs are two more factors to consider. Everyone wants a lower rate, but there’s a delicate balancing act you have to follow. As the saying goes, “You get what you pay for.” You can get a great rate if you look hard enough on the Internet, but you’ll have no idea what kind of customer service that entails or what kind of expertise comes that cheap.
To that end, a local, experienced loan officer can give you great information on the types of programs available in your area.
If you have any questions about finding the right lender or need to get pre-approved, don’t hesitate to give us a call or send us an email. We’d be happy to help you.
One thing you can do is make sure you submit all your information so you receive a valid pre-approval letter. We talk to a lot of borrowers who don’t send the proper documentation to their lenders and don’t receive the correct pre-approval letter.
Communication and trust are also key when it comes to the relationship you have with your lender. Make sure they answer all of your questions and return your phone calls, because that’s important in building that trust.
Make sure your lender answers all of your questions and returns your phone calls
To that end, a local, experienced loan officer can give you great information on the types of programs available in your area.
If you have any questions about finding the right lender or need to get pre-approved, don’t hesitate to give us a call or send us an email. We’d be happy to help you.
