How to find the best local mortgage lender
Finding the best local mortgage lender is a critical decision shaping the homebuying process. Choosing the right lender influences every financial aspect of your home purchase, with long-term financial implications, and affects your overall satisfaction with the home loan process. Having the right lender can make or break your homebuying experience.
So, what should you look for in a local mortgage lender?
1. Empathy and Flexibility
The right local lender will be empathetic to your unique situation. This is not just with loan programs but with an understanding that while this may be their 100th loan transaction, it is your first or second, and you should be treated with respect and have your needs addressed.
2. Experience
You can teach the specifics of loan programs to anyone but having a true understanding of how they work and what it takes to get a loan approved fast comes with experience. Each transaction is unique, but certain aspects of the home loan process become easier to navigate with experience. At MEP, all our loan officers come to us with significant mortgage origination experience. There is no learning on the job with us at your expense.
3. Clear Communication and Fast Service
At MEP, we use technology combined with human interaction to ensure that our borrowers and realtors are kept in the loop on all aspects of the home loan transaction. We aim for no surprises! Using this technology and philosophy helps us provide the fastest loan approval in the industry. Ask about our Fast-Track loan approval program.
4. Diverse loan options
Borrowers come from different financial and social backgrounds. They have different jobs and are compensated in different ways. Unlike some of our big bank competitors, we tailored our loan options to meet the needs of all homebuyers. Sure, we offer traditional home loans such as Conventional Conforming Fixed Rate Loans, but we also offer a wide range of other mortgage products:
MEP Loan Products:
Choosing the best local mortgage lender is a decision that impacts all aspects of your home financing journey. Considering the empathy and flexibility of the company and the loan officer is vital since it is such a personal experience for homebuyers, especially first-time homebuyers.
An experienced loan officer is invaluable in today’s market with homes selling as soon as they hit MLS, you need someone who can communicate clearly and get your loan approval completed quickly. And finally, not all loans are for all borrowers. You need a local lender with options that work for you, whether you are a W2 employee, a freelance contractor, a business owner, or a real estate investor. Mortgage Equity Partners is the local lender you need on your side when making such an important and exciting purchase, contact one of our loan officers today!
