Need New Home Advice? 3 Tips For Finding The Perfect Loan Officer

Monday, April 10, 2017, 6:00 PM | Leave Comment

If you are in the market for a new home, you will likely be in the market for a home loan.

With so many loan options available, it is important that you work with a loan officer who will put your interests first.

What are some ways in which you can find the best person to work with when shopping for a mortgage?

Need New Home Advice 3 Tips For Finding The Perfect Loan Officer

  1. Do You Want a Broker or a Lender?

    While most people assume that you have to work with a specific lender, you may have better luck working with a mortgage broker. This person has access to dozens of federal or state loan options that not all lenders offer.

    Therefore, you could have a wider array of options, which could help you find financing that meets your credit and down payment needs.

  2. Make Sure You Work With a Registered Professional

    You don’t want to seek advice or guidance from a part-time office worker or someone who learned about mortgages from a quick Google search.

    Instead, you want to work with a registered professional whether this person works for him or herself or as part of a larger firm.

  3. Work With Someone Who Understands Your Needs

    If you don’t have a lot of money for a down payment, you will want to work with someone who has experience with government loans.

    If you want to borrow more than $418,000, you will want to work with someone who has experience with jumbo loans. This is because that person will be able to walk you through the mortgage application process from start to finish.

    In the event that you have trouble meeting down payment or mortgage requirements, your loan officer, like the professionals at Assurance Financial Group, may be able to find ways to help you qualify for a loan despite those issues.

Look for Loan Officers Who You Can Easily Communicate With

No matter who you work with, you will need to be able to speak freely with this person.

At some point, it is likely that you will have questions or need to know where to find more information about applying for a loan.

Therefore, your loan officer should be personable, approachable and available to help whenever you need it.

Just like you want to find a home that fits your needs, you want to find a loan that fits your needs. This is much easier to do when you have a loan officer who is there to put your best interest first.

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