If you are in the market for a reputable reverse mortgage lenders, there are plenty of places to find one. You simply need to look on the Internet, turn on your TV, or open up a newspaper to see all kinds of mortgage lenders offering their services. You may even receive a cold call from a bank inquiring about your mortgage needs. There are, however, huge disparities between a decent LA mortgage lender and a great mortgage lender. Let’s take a look at a few differentiators that set top lenders apart from the rest.
Are They Being Referred?
One of the best and easiest ways to find a trustworthy and reliable mortgage lender is to ask your friends, family, neighbors, or co-workers which lender they’ve had a positive experience with. Another good person to ask is a real estate agent, as he or she works in the field and therefore has a good idea of who’s good and who’s not.
Look At More Than Just Rates.
Do not simply choose the mortgage lender offering the lowest interest rate. You also need to find an LA mortgage lender with excellent customer service, otherwise your loan may go unapproved, or you may pay unnecessary fees. Help yourself make the the best reverse mortgage companies experience as seamless as possible by researching and selecting an LA mortgage lender offering both quality service and low, low rates.
Experienced LA Lender, Experienced LA Loan Originator.
A lender is the bank, credit union, or mortgage company through which you receive your mortgage. A loan originator is the person at the institution who works with you to draw up your mortgage. It is imperative that you not only select a reputable, financially-sound lender, but also an experienced, trustworthy LA loan originator.
Be sure that your loan originator has at least five years experience in the field, fully understands the market, and offers good customer service. Be aware that you may select the best mortgage lender in town, but if your LA loan originator is new on the job, or a disgruntled employee, you may not receive the loan rates and terms you want.
Do They Listen to Your Needs?
Top loan originators know their stuff, but they also take the time to listen to your needs, goals, and limitations. They will offer sound advice on the different mortgage programs to choose from, offer good-faith estimates on closing costs and interest rates and provide comprehensive answers to any mortgage questions you may have. Choosing the right option from all the available mortgage programs may seem like a stressful, daunting task, but if you have a patient, trustworthy, and competitive LA lender and loan originator, you’ll walk away satisfied.