How to Find the Best Mortgage Companies
Okay… a mortgage team writing about how to find the best mortgage companies? We’ll own up to it being a little self-serving. But while it’s true we’d love to earn your business, we also pride ourselves on offering as much advice and help as we can to assist people in the home-buying or refinancing process. So, that said, we’re including some helpful criteria to help you pick the mortgage lender that’s right for you. And if that just so happens to be us, we’d love to have a no-pressure conversation (truly).
When it comes to searching, the internet is going to spit out gobs of mortgage lender options for you. You’ll see Google’s sponsored ads at the top with a few of the “big dawg” lenders… and then pages upon pages of others – some reputable, some who just know how to say the right thing. Here’s how to spot the legit ones.
Tips for Identifying the Best Mortgage Companies
- Research and Compare: Look for lenders with a solid reputation, positive reviews from customers, and competitive interest rates and fees. Start by researching different mortgage companies in your area and comparing their offerings.
- Ask for Recommendations: Reach out to friends, family members, or real estate agents for recommendations on reputable mortgage companies they have worked with in the past. Personal referrals can often provide valuable insights and firsthand experiences.
- Check Credentials and Licenses: Ensure that any mortgage company you consider is properly licensed and accredited. Look for certifications from reputable industry organizations, such as the Mortgage Bankers Association or the National Association of Mortgage Brokers.
- Review Customer Service: Pay attention to the level of customer service provided by each mortgage company. Are they responsive to inquiries? Do they take the time to explain different loan options and answer your questions thoroughly? A company that prioritizes customer service is more likely to provide a positive experience throughout the mortgage process.
- Consider Specialized Lenders: Depending on your unique financial situation or housing needs, you may benefit from working with specialized mortgage lenders. For example, some lenders specialize in loans for first-time homebuyers, veterans, or individuals with less-than-perfect credit.
- Evaluate Transparency and Communication: Transparency is key when dealing with mortgage companies. Look for lenders who are upfront about their rates, fees, and terms, and who communicate clearly and honestly throughout the entire process. Avoid companies that use high-pressure sales tactics or make unrealistic promises.
Remember to take your time, do your research, and choose a lender that you feel comfortable working with for such a significant financial decision.
Okay, now here’s the part where we are self-serving and explain why we think we should be included in your list of “best mortgage companies” to look into…
At United Faith Mortgage, we’re a family-run company that has a very important Direct Lender Advantage. That basically means we use our own money and make our own decisions within our own walls. There’s no middle man. For you, this often means a shorter turnaround time and a better rate… which can save you monthly and lifelong money.
If that sounds of interest to you, we’d love to start a conversation.