Finding a Mortgage Lender Reno, NV.
Let’s help you find the best Mortgage lender Reno! Unquestionably, securing funding is the most critical step in the entire home-buying process. Whether you are a first-time homebuyer, looking to refinance, or wanting to draw out some home equity, your lender mortgage company will become your ally throughout the process. Subsequently, you will want to ensure you know everything about your mortgage lender. Here are 10 top things to avoid when looking for the best mortgage lender Reno, Nevada.
#1 Check their reviews
In essence, this is your proverbial “peek under the hood.” Nothing speaks louder than the experiences of other homeowners and borrowers. More often than not, people will write bad reviews, and happy customers are less likely to take the time to talk about their real estate buying experiences. Simply put, a lender with a sizeable review section on their website will likely be an experienced professional.
#2 Ask your friends, co-workers, & family members
In the same fashion that we ask our friends for recommendations about dentists, hairstylists, and painters, you have an arsenal of information to glean from these relationships. Homeownership will have ups and downs, so you will want to find a lender or mortgage broker to meet your specific needs. So don’t be afraid to ask your social network of friends to see who they like.
#3 Make a call and see if they have time to answer your questions
To break it down, this is a surefire test to see if they have time for you. From pre-approval, loan origination, and all the way to closing, your mortgage lender must be patient, provide relaxed and confident loan experiences, and focus on keeping the process simple. If they become impatient or direct you to a website, they will likely be preoccupied with other transactions, and your loan process will go the same way the phone call did.
#4 How technologically-minded are they?
The avalanche of paperwork can be arduous when it comes to paperwork and underwriting. For this reason, make sure your lender is prepared to handle the majority of documentation via email and DocuSign. The ease of technology will make the process easier for everyone.
#5 Ask them about loan programs
Above all, your lender needs to prioritize saving you money while working to achieve your financial goals. Ask about loan options and see if you qualify for down payment assistance programs. Do you want an FHA loan, a VA loan, a Jumbo loan, or a USDA loan? It never hurts to ask; there are hundreds of opportunities with an experienced lender on your side. After all, buying your new dream home is not just about making mortgage payments. This experience is about growing your wealth and a solid real estate portfolio.
#6 If you already own your home, see if a mortgage lender Reno can help save you money
With proper guidance, you can get your first home, accommodate your growing family, or start that renovation project. You and your lender can realize whatever goal is on the horizon. You should feel at ease knowing your mortgage lender is setting you up for financial success. Using equity to buy an investment home is an excellent way to grow your wealth and live a better life.
#7 Find a lender that is close to you, if possible
What’s the first rule of real estate? Location, location, location! If you live in Reno, you know that traveling across town can become a nightmare at certain times of the day. Between the constant road construction and the thousands of streetlights, a trip down Kietzke Lane can take thirty minutes these days. So, if possible, find a lender closer to you on the map. Local lenders will offer a more hands-on experience than online companies. Online services are satisfactory for mortgage calculators and those looking for mortgage rates, but nothing beats a phone call to a human being when you have concerns.
#8 Know before you call
This rule may be the most understated of all. You will need to know your credit score. It may seem simple but plan ahead financially. You will need funds for down payments, loan origination, and closing costs for your new home purchase. Lenders will need proof of income and a solid work history. Overall, the more you plan, the faster and easier your homebuying process will be.
#9 Hit up their LinkedIn
Doing some internet sleuthing never hurts, right? Check out their experiences. You want to find a lender or Mortgage broker that has consistently progressed their career. Simply working in the industry isn’t always the best lender for you. In the realm of finance, you want someone diligent in finding you the best loan with the best rates, and you want an on-time, hardworking fighter on your side. Avoid the status quo lender that is content with the same three loan options for every client. It’s your money, and you want someone creative to prioritize expanding your wealth.
#10 Trust your gut
Last but not least, you need to trust them. Buying your new home or refinancing your biggest purchase is a big deal. If you don’t click with your lender, keep shopping. There is nothing wrong with shopping around. You need to have accessibility to your lender and stay in constant communication. If the relationship is a bad match, you aren’t going to want to commit to the process. You should enjoy meeting up and chatting with them. If you talk to your friends, family, and co-workers about their lenders and real estate agents, many are like family by the time they close their loans!
If you’re looking for a mortgage lender Reno, Nevada, Mortgage Insider can help.
Your home plays a significant role in financial security. So, regarding your mortgage loan, you want to be sure you’re making responsible decisions. Undoubtedly, the loan process invokes insecurity in many people. In particular, navigating through a sea of paperwork and financial jargon can be unsettling without honest guidance. In fact, a lack of clarity can lead you down the wrong path and compromise your financial future.
You deserve to work with a lender who brings clarity and has your best interest at heart. Whether you are looking to purchase a home, help with refinancing, lower interest rates, or specifically ensure that you have made the best decision for the life of your loan, Mortgage Insider can help you after helping thousands of families reach their goals to create stronger financial futures.
The steps are simple:
1. Schedule a Call: An experienced loan officer can discuss your needs and guide you through the possibilities.
2. Get Approved: We’ll help you through the application process and facilitate the steps for approval.
3. Exhale: Put your feet up and feel secure knowing you made the best decisions about your home loan.
With proper guidance, you can get your first home, accommodate your growing family, and start that renovation project—whatever goal is on the horizon. An alliance with Mortgage Insider will give you the confidence to know that your mortgage loan is setting you up for financial success. Mortgage Insiders offers today’s latest financial news and mortgage trends. Check out their channel for current events.
