|
5 Things you should expect in
a Mortgage
1. Service
·
Choice - Your lender should shop
for the best mortgage to meet
your needs – and have a wide range of loan programs to select from (including Conventional,
FHA, VA, USDA, and NC Housing Finance Agency products)
·
Control – Your mortgage’s
processing, underwriting and closing should be done locally to keep you apprised during all phases of your loan and to minimize
last minute surprises
·
Peace of Mind – You should be
able to be completely pre-approved
and know how much you can afford prior to house hunting– to know your exact
price range while increasing your negotiating power when you find your dream
home.
2. Convenience
·
Your Lender/REALTOR™
Team – You should be able to get your real estate and lending
questions answered with one phone
call. Optimally, your Lender
should be located at the same location as your REALTOR™
·
Apply anyway you like – You
should have every method available for making your loan application - on the lender’s website, by telephone
or face-to-face with loan officer.
3. Low
Rates
·
Loan Shopping – Your lender
should shop with nationally recognized major investors and banks to find the most
competitive interest rate for
you.
4. Experience
·
A track record of success – Your
lender should have references
you can contact to hear first hand about their excellence- today’s mortgage
markets are no place for beginners
·
Licensed in the State of North Carolina – to insure your financial safety, your loan officer and loan
processors should all be licensed by the state.
5. Stability
·
Financial Staying Power – Your
lender should have a history
in your area, with a solid financial record they are proud to discuss
·
Credentials – Your lender should
be accredited by the
government approved to process,
underwrite and close FHA and VA loans
·
Trust – Last, but not least, you
should be able to meet your lender personally and feel confident they have your best interest at heart.
Click here to learn more about how FM
Lending can meet your lending needs!
| 
