With a world of online options at buyers’ fingertips, why is it still best to work with a lender in-person when you are buying your first home, moving again or refinancing? If you want more than the convenience of filling out paper work in the middle of the night, here are a few reasons it makes sense to work with someone local.

An in-person lender understands the rules of where you are buying your home.

Different states have different rules when it comes to taking out a mortgage. When you work with lenders in-person, you know they are licensed in the states they work. These lenders have passed numerous tests and have build their knowledge with continuing education. They have the expertise to meet your needs.

In-house underwriting means easier transactions.

A lot goes into getting a mortgage. When you work with a lender in-person, you can ensure that any questions you have are answered immediately, rather than being pushed through several channels. The lender can also take the extra step to keep you updated on where you loan is in the process and what may be coming up. This expedites the process for you and the lender, and makes the experience a little smoother.

You know you are applying for a loan.

When you apply for a mortgage online, you may not be applying for a loan at all. What you may be doing is feeding your personal information into a database where it is sold to loan officers, mortgage brokers and even insurance brokers and other sales people. Rather than receiving a phone call from one company, you may find yourself fielding phone call after phone call. If you do choose the online mortgage route, make sure you are working with an actual mortgage company.

It is in your best interest to watch your interest rates.

Online lenders often approve people with lower credit scores than traditional lenders will approve. Taking out a mortgage that you cannot afford is never a good idea. Lower credit scores lead to higher interest rates. An honest and transparent in-person lender may help a borrower who should put off the purchase of a home stay financially secure.

Getting a loan is personal.

You want to work with someone who gets to know you and understands your needs, and who makes you feel like you are more than just a number. You want to work with someone who holds your hand every step of the way. When you work online, you send an email and wait for a reply. Nothing about that suggests you have access to someone who understands your needs now and who understands your needs when they change. Having the ability to call your loan officer directly, sit down and meet face-to-face or email if you choose, can help you understand that your loan isn’t just personal to you, it’s personal to the person with whom you are working as well. You aren’t alone; you are part of a team.

Ready to get started with Popish Mortgage Group in-person? Contact us now!