Searching for the next home for your family can be a lot of fun. When your offer is accepted by the sellers, your excitement can take off like a rocket. Avoid surprises and unpleasant hold-ups at closing by working with a great lender.
A great lender will guide you through the whole process from beginning your search to filing your Homestead Exemption sometimes months after closing. Just as you want to choose the right Realtor, you also want to choose the right lender.
“A good lender has the ability to help clients understand the process,” says Mike Wiles, Mortgage Loan Officer at Hamilton Group Funding, Inc. “We provide our client assistance, throughout the entire home buying process.”
Whether a buyer is purchasing their first home or refinancing an existing mortgage, financial and mortgage laws continue to change and evolve. It is important to use someone who knows all of the lending options currently available rather than a lender who could be uninformed on the best program for your situation.
A great lender is one who communicates clearly and is readily accessible. “The biggest complaint we hear about working with big loan offices is no one will call the buyer back after 5,” says Scott Goldstein, President of Atlantic Trust Morgage. “Our office is available at all hours via text, phone, or email. The ease of access is very useful when shopping for a home, clients want to see numbers quickly prior to making an offer and having access to us evenings and weekends allows them to make those offers quickly.”
Communication should definitely flow both ways. Be open and honest with your loan officer about your financial situation and they can help identify the best package for your needs. The best question a buyer can ask their loan officer is, “What are my limitations?” says Wiles. A good lender will identify problem areas early in the process and give the buyer time to make the best decision for their situation.
If you are thinking about starting your home buying process, contact Scott Goldstein or Mike Wiles for more information about home mortgages.