Helen Groom
Mortgages are getting ever more complex, and if you don’t have the right advice, you could end up making an expensive mistake.
Whether you’re upside down, refinancing, buying, selling, building your dream home or considering a reverse mortgage, you have a lot riding on your loan specialist. Since market conditions and mortgage programs change frequently, sometimes even hourly, you need to make sure you are dealing with a top professional who is able to give you quick and accurate financial advice. Make sure you use an experienced, licensed loan officer with the knowledge and expertise you need to explore the many financing options available today.
Ensuring that you make the right choice for you and your family should be your ultimate goal. It is important to work with a licensed loan officer who is committed to providing you with mortgage services that exceed your expectations.
When shopping for a new mortgage, remember rate is not the only thing you should consider. Make sure to ask for a Good Faith Estimate (GFE). This will show you the actual fees and closing costs the lender is going to charge for your loan. A GFE is the perfect tool to use when shopping for a mortgage. Remember, however, until you lock your loan, the rate shown in a Good Faith Estimate is just that, an estimate.
While Good Faith Estimates are great for comparing lenders’ fees, they don’t take into consideration the quality and level of service you will receive. You want to favor lenders who close on time. Quite often, that isn’t the loan officer who paints a rosy, no problem, easy loan scenario upfront.
It is far better to work with a licensed loan officer who won’t tell you what you want to hear, rather what you need to hear. Knowing ahead of time, what issues might arise during your loan process, and how they are going to be addressed, helps eliminate the stress so often associated with the home loan process. Remember, do your homework, get a good faith estimate and ask for references.
At New West Lending, Inc., we treat each customer as an individual, not a number. You won’t be placed into a loan profile formula created by the banking industry. Our in-house processors and underwriters consider your story, history and your goals. We use common sense, and will help you obtain the best loan possible.
Whether you’re upside down, want to refinance, take cash out, or purchase a new home, give Helen Groom, a licensed loan officer with New West Lending, Inc., a call at (602) 761-4043. You will be glad you did.