Choosing a Lender

Choosing a Lender in The Triangle

Over the past few years, the mortgage industry has seen some major changes in the way it does business. Long-gone are the days of “no documentation/stated income” loans, in which you could simply tell a loan officer how much you earn and sign a document confirming that. Now, the lenders seem to be scrutinizing everything. Indeed, the underwriting process has gone from one extreme to the other. That said, it is more important than ever to make sure you are dealing with a reliable lender.

My experience has shown that the easiest and most successful transactions have involved a lender with a local presence, and there are plenty of lending institutions in the area. Most of them are very reputable, and there are a number of lenders that I can recommend. It is important to keep in mind that I get absolutely no type of commission/”kick-back”/compensation from ANY of the lenders. I just want to do what I can to help you get the best deal on your loan possible.

One last comment, if I may. Again, speaking from experience, the “on-line” or “internet lenders” can be very difficult to deal with. I’ve had home buyers that have been asked to provide additional information at the very last minute with some of these companies. It can be difficult to speak with a “real person” at some of these companies if there are any problems or questions. As I mentioned earlier, it is much easier to deal with a local lender than to try to shop around for something on the internet.

When you’re ready to buy a house, let me help you select the best lender for you.