This is the second post in a blog series on choosing a mortgage lender in Northern Virginia. So far, we’ve covered Part 1.
Choosing a Mortgage Lender in Northern Virginia – Reasons for Choosing a Local Lender
- Many local lenders are often correspondent lenders, which means they give you all of the benefits of working with bigger banks without many of the downsides. Many local lenders should be able to beat the interest rates of many of the larger banks or national credit unions that have offices that operate in other states across the country. The right local lender can also often give you better closing costs incentives.
- A local lender who has a relationship with your real estate agent is accountable to both you and your agent in meeting your contractual deadlines. It’s difficult for people who haven’t used their credit union or bank for a home loan to understand this, but I’ve had plenty of situations where it has been VERY stressful for clients during their closing periods because their lenders were late with their deadlines.
Read Part 3 of my blog series on choosing a mortgage lender.
Are you in the process of choosing a mortgage lender to handle your Northern Virginia home loan? Email me at DarrenRobertsonHomes@gmail.com for more information about a great local lender who will give you a credit toward your loan fees at settlement, which amounts to over $1,000 back in your pocket when you close on your home.