5 Tips for Choosing The Best Mortgage Lender

As a mortgage professional I work with many different people and understand the mortgage industry. It’s a big step, purchasing a home, you want to be sure you have someone you can trust and who will help shepherd you through the process. When choosing who to use to help you, its important to screen some general things to make the process go smoothly. For more information on mortgage loans or how to qualify contact me today at 515-327-9938. Here are some important considerations:

1. How to select a knowledgeable and experience mortgage professional?

 To work with someone knowledgeable can make the difference in approval of your loan. Although it can be a complicated process, you need someone who will make it simple for you so you can focus on selecting your home and preparing for your move.
A. How many years have you worked in mortgage loans?
B. How many different mortgage programs does your company offer?
C. Can you handle “out of the box” situations (ask to see how deep their resources are and their knowledge base is)
D. Where is your underwriter and how much access do you have to the underwriters who approve our loans? Accessibility and influence of the underwriter has a direct impact on the reliability of the guidance the mortgage professional gives you.

2. What can  you find out about the stability of the company they represent?

Community banks are required to give back to the community and are often very involved. How important is it to you that your lender is invested in  your town?

3. Check reviews for the mortgage professional.

Did people enjoy working with them? Have others reported they did a good job keeping them informed throughout the process? Is your mortgage professional an active volunteer in their community. Here are some places to look for reviews. Zillow, Google, and FaceBook.

4. Are they professional in their explanation of the process?

Do you feel as though they have your best interest at heart? Are they listening to what your goals are and what you want to accomplish? Do they work with a variety of realtors?

5. Are they willing to work with you to improve your credit standing?

Often times you can qualify for a better interest rate on your loan if you can improve your score.

For choosing a mortgage professional following these simple steps will help you get prepared. Working in the mortgage industry I pride myself on integrity, customer service and making the process simple for my clients.  –  For more information on mortgage loans in Ankeny, Des Moines or Ames, or how to qualify contact me today at 515-327-9938. Let me get you on the road to owning your own home.