Are you thinking about buying a home? Interested in utilizing the services of a mortgage loan specialist? Wondering “how to find a mortgage specialist near me”?
Then you’ve come to the right place. Below, we’re going to show you exactly what to do when searching for a mortgage specialist, helping you find the perfect one for you. Let’s go!
1. Search “Mortgage Specialist Near Me”
Start your search by searching Google for “mortgage specialist near me.” This should give you a list of different mortgage specialists in your area.
Next to each of these specialists should be an overall star rating, along with a link to relevant client reviews. Look through each specialist’s star rating to determine which are the best. Then, look through the reviews of the specialists that you have determined to be the best.
Use these reviews to determine each specialist’s positive attributes and negative attributes and to answer any questions that you might have. You can garner a great deal of information by simply looking at reviews from past clients.
Once you’ve garnered enough information for your liking, write down a list of your favorite candidates. You’ll need this list so that you can compare each specialist with greater detail.
2. Know Your Types
Mortgage specialists come in many different types, each of which brings its own pros and cons. In order to choose the right specialist for you, you have to understand which type of specialist will best benefit you. It would be best to be familiar with mortgage acronyms and terms to make everything easier for you.
Some of the different types of mortgage specialists include mortgage bankers, mortgage brokers, credit unions, and even insurance companies. To learn more about the specifics of each, click this link.
3. Ask Around
While the internet can provide you with a great deal of information about the different mortgage specialists in your area, it’s not necessarily the best source. You might find it more beneficial to ask around your family and friends. There could be someone in your life who has used a mortgage specialist, and who was impressed with that specialist’s services.
Ask your mom and dad, ask your brothers and sisters, ask your distant relatives, ask your friends. A recommendation from someone close to you is bound to mean more than a faceless recommendation that you found online.
4. Check Out Online Options
While you might prefer to work with a mortgage specialist in your area, you don’t necessarily need to. You also have the option to use an online mortgage specialist.
Just type “online mortgage specialist” into Google and you’re bound to have a number of options to choose from. Some of the top online mortgage specialists include Quicken Loans, MortgagePal, and IntelliMortgage.
5. Ask Your Real Estate Agent
Oftentimes, real estate agents will have lenders that they work with. As such, if you’re using a real estate agent to help find your home, you should ask that agent if he or she has any recommendations for a mortgage specialist.
Now, just because your real estate agent recommends a particular specialist doesn’t mean that you should utilize that specialist. There is a conflict of interest there, after all. However, you should, at the very least, give that specialist some consideration.
6. Give Each a Call
Now that you have a list of favorite candidates, you should give each a call and discuss your mortgage situation. During each call, you should assess the way that the specialist speaks with you.
Does he or she seem to be knowledgeable? Is he or she respectful to you? Is there anything about the specialist that seems off?
You want your mortgage specialist to take you seriously and you want your mortgage specialist to be knowledgeable on the subject at hand. A simple call can help you get a feel for whether these things are so.
7. Ask About Your Mortgage Options
Not all mortgage specialists work with all types of mortgages. Whereas some offer only conventional mortgages, others offer government-sponsored ones as well. And whereas some will only provide funding for move-in-ready homes, others will provide funding to help repair fixer-uppers.
When speaking with each specialist, discuss your situation. Are you able to put any money down? Are you looking for a specific type of mortgage? The specialists that you’re speaking with have to know so that they can provide the best service possible.
You want there to be a perfect fit. You don’t want to have to fit any square pegs into any round holes.
8. Get Information On Turnaround Times
When working with a mortgage specialist, you want someone who can operate fairly quickly. You don’t want to be waiting months to get clearances or let transactions go through.
As such, when speaking with mortgage specialists, you need to obtain information about turnaround ties. Ask not only how long it will take to get pre-approval for a mortgage but how long it will take to close the deal after you’ve chosen a house.
Not all mortgage specialists are created equal in this regard. In fact, there can be a great deal of variation. And because you want to be able to buy homes before others do, you need to make sure that your chosen mortgage specialist can work on your timetable.
9. Get Pre-Approval
Finally, you should get pre-approval from your favorite options. This is unless you get the amount that you want from your first pre-approval. You don’t want to get too many pre-approvals, as doing so can hurt your credit score.
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