Need a Mortgage Company in Florida? Look for These 4 Qualities
You’ve spent hours, weeks, and even months searching for your dream home—and you finally found it. If it’s as stunning as you say it is, chances are you’ll be competing against plenty of other buyers for the keys. Now what? If you don’t have the cash on hand to buy the home in full, you’ll likely need to take out a loan. You have a wide variety of options when it comes to a good mortgage company in Florida. From your local bank to online mortgage lenders, it can be dizzying to assess the right choice for you. While it’s tempting to go for the cheapest lender, there’s much more to a home loan than price. That’s why we’ve compiled a checklist to guide you on the best options. Make sure your mortgage company ticks all of these boxes!
4 Best Qualities of a Mortgage Company in Florida
#1: They Walk You Through the Process
Your ideal mortgage lender will walk you through each stage of the process and clear up any confusion you might have along the way, especially if you’re a first-time home buyer. They should be able to answer these questions:
What loans am I eligible for?
Do I meet the basic requirements to obtain those loans?
Which documents will I need throughout the home loan process?
They should never leave you in the dark about the steps they’re taking to close your home loan or hide any rates and fees from you.
#2: They’re Responsive
The worst thing that can happen is for you to miss a deadline because your lender didn’t communicate with you on time. Similarly, you want to be confident that the company you choose will respond to you in a timely manner. When you have urgent questions, you should be able to get a response sooner rather than later.
#3: They Know the Local Market
A good mortgage lender is in touch with the market and community they’re in. Ideally, they will have a local network that can streamline the process and help you close on your loan more quickly. That’s why you should choose a mortgage lender that works in the area where you’re looking to buy. For instance, when you’re purchasing a home in Orlando, a mortgage company in New York can’t provide you with the same level of knowledge as a mortgage company in Florida.
#4: They Have Integrity
Trustworthy mortgage companies don’t try to pressure you into selecting a home loan program right away. Their job is to lay out your options and give you the time to consider those choices. Similarly, they don’t try to push for houses or mortgage products that are out of your budget.
Does Your Mortgage Company Meet These Expectations?
At Champions Mortgage, we pride ourselves on being the best for our clients. We educate you on the mortgage loan process, advise you on the right steps to take, and send you regular reminders for every deadline you need to meet. With a variety of home loan products, we can guide you on the right loan for your situation. For any questions, our mortgage lenders are here to help at 855-853-1522.
Are you a first-time home buyer? Check out our Borrower’s Guide for more clarity on the mortgage process.
Ready to start the loan application process? Begin filling out our pre-approval form here.