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The Advantages of Using a Local Lender
Manage episode 167897945 series 1192915
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If you need financing, you should reach out to your Realtor in order to find
a local lender that can provide better service than a larger institution.
a local lender that can provide better service than a larger institution.
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Should you reach out to your Realtor in order to find a local lender? Yes. Real estate agents have access to many local lenders, credit unions, and mortgage companies.
Larger institutions can’t service your financing needs as well as mortgage companies. They usually offer limited products, whereas mortgage companies usually offer 15 products or more. You’ll also face a better chance of pre-approval with a mortgage company because they offer more loan products to choose from and are more flexible with down payments and credit scores.
The advantages of working with a preferred lender are numerous. Our preferred lenders have amazing customer service, they’re great to work with, and they’re always available after hours and on the weekends.
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