Web Analytics
THE BENEFITS OF A LOCAL LENDER IN THE HOME BUYING PROCESS IN DALLAS

Dallas Relocation & Dallas Real Estate Blog

Tips by Top Dallas Real Estate Agent, Broker Associate, CRS, GRI, REALTOR

THE BENEFITS OF A LOCAL LENDER IN THE HOME BUYING PROCESS IN DALLAS



If you have previously been in the home buying process, you probably needed a mortgage. Did you go to a bank or to a local mortgage company? Most of the buyers mistakenly think that going to large banks like Chase, Bank of America and Capital One for their new home mortgage is a good decision. Not always!

Going to a bank for your mortgage can be a lot like sitting in a classroom with 300 other people and expecting one-on-one instruction. If you are looking for a more personalized experience, a smaller local mortgage lender may be a better fit for you.

The Benefits of a Local Lender in the Home Buying Process

Local lenders work solely off of referral, which can benefit you as a borrower. A local lender’s reputation means everything to them. A lender from a larger bank has the benefit of name recognition and much of their business comes from existing banking customers.

Although I’m sure all lenders care about their reputation, the loan officers of local companies need your satisfaction and referrals in order to thrive. This need enhances their customer service and ultimately may make for a better overall experience.

Additional Benefits of a Direct Local Lender:

Mortgage loans are processed, underwritten, closed, and funded in-house. They are accountable for the entire process from beginning to end. As a result, your transaction will go smoothly and your closing will be on time.

A local mortgage company is not a single banking entity. While they are mortgage bankers, they are not limited to just one bank’s mortgage products. Not only does this allow them to remain competitively priced, but they also offer a wide range of products to suit every borrower’s need.

Loan Officers are licensed. Every loan officer has completed required education courses and successfully passed the national and state licensing exams to be named a Mortgage Loan Originator by The Nationwide Mortgage Licensing System. Yearly continuing education is required to maintain this license. This guarantees the licensed local lender is fully knowledgeable on current rules and regulations.

A local lender is…Local! They understand the local market and typically have an office close to your home. The entire process from application to closing is managed under one roof. Need a quick closing? No problem! Everyone working on your loan works side-by-side so the process can be efficiently expedited.

When choosing your lender the most important factors should be trust, efficiency, reliability, and of course price.

Building a rapport with your Realtor is key to the process and the same should be true of your loan officer. They are a team that will allow you to buy your new home without any hiccups!

Please feel free to contact me if you’re in the market for a new property of any kind or just have questions about financing.


New Home Buying Tip: After Labor Day each year the new home builders in the DFW area start marking down inventory for end of year financial reporting. THEY NEED TO SELL! Great time to start looking at builder homes. Most have started slashing prices or offering incentives. Contact us today!

Tip: Ask us for our Frisco TX new home buyer discounts, cashback and rebate plans! Save money when you buy a new construction home in Frisco Texas with us.


About Us:

Are you a first time new construction home buyer in Dallas, TX? If so, make sure you take good note of the above market information. By taking into account these market statistics, buying your first new build home in Dallas TX will be much easier and less stressful! If you have not selected a top Dallas, TX Realtor to represent you in your home purchase, contact me, and I’d love the opportunity to interview for the opportunity to help find you your dream home!

If you are planning to relocate to Dallas TX area and are planning to explore areas like Plano TX, Frisco TX, Prosper TX, Celina TX or Southlake TX, contact us. Our excellent Dallas Real Estate Services provided by top Dallas Real Estate Agents will make buying your first home much easier and will make your Dallas TX relocation less stressful! Check out our Dallas Relocation Resources at http://www.nitinguptadfw.com/dallas-relocation-real-estate-agent

When it comes to Dallas real estate tips and tricks, there are tons of great articles and content available for first time home buyers on our website.

Learn more about Dallas real estate market and Dallas news at

http://www.nitinguptadfw.com/blog/Dallas


#FreeDallasRealEstateEvaluation #newhomessalesreport #dallasrealestate #dallasrelocationresources #friscorealestate

Recent Posts
Search By Tags