The decision to buy a home is an exciting time. Yet, it brings about questions, concerns, and doubts. While speaking with a mortgage lender, thoughts pop up like:
- “Is this the right lender?”
- “Am I getting the right loan?”
- “Does my loan officer have the experience and the support needed to help me close on time?”
What To Consider When Selecting A Mortgage Lender
Everything comes down to two common denominators: communication and execution. Before selecting a lender, ask yourself if you have 100% confidence in their ability to deliver an exceptional mortgage experience. If you are unsure, consider getting a second opinion to help you shape and understand your options. A second opinion will give you the reassurance needed to know that you are making the right borrowing decision.
Think about it. With a life decision as significant as purchasing a home, why trust the process to any of the following?
- Call center lenders
- Inexperienced loan officers
- Someone too busy to return your calls
- High-pressure salespeople
- Loan officers who provide generic answers to your tough questions
There are several reasons why a buyer should have the full attention of the loan officer and their team. When there are questions (and there will be lots of them), you not only deserve answers, but you deserve specific and accurate answers. All the while, providing such in a timely and no pressure manner.
Matching the Buyer to the Right Mortgage Program
In the beginning, it may seem like mortgage shopping is pretty cut and dry: apply and get a loan. However, there is a significant amount of research and strategy that goes into helping a buyer select the right loan program.
Each buyer has a unique scenario, and their priorities differ on a case by case basis. For instance, here is a list of several factors that buyers may consider during the mortgage process:
Getting A Second Opinion From OVM Financial
In the beginning, many believe lenders all do about the same thing and offer the same service level. This is so far from correct. Often paying attention to the initial conversation reveals the abilities or inadequacies of a lender. Sometimes you don’t know until speaking to another option. We hope that when you decide to get a second opinion, that you consider working with an OVM Financial loan officer. Here’s what we offer our buyers:
OVM wants to provide all of the above during your mortgage experience. When you decide to contact us for a second opinion, we will have a thorough discussion about your goals and financial scenario. From there, we will use this information to develop your financing strategy.
Ready for a second opinion? Contact us to get started.