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Jayne Vaughan
"ALWAYS CALL THE SISTERS"
- 4 Helpful Answers
- 9 Answers
- 1 Listing
Locations:
Web sites:
Profile Link:
Experience:
Realtor for Century 21 Sherlock Homes, Inc
February 2008—present
Full Time Realtor
Full Time Realtor
Office Administrator for Law Firm
September 1997—July 2007
Specialties:
Jayne and Bonnie work with investors, first time homebuyers, seniors, families with special needs children, families with pets, relocations and lake properties.
Certifications
& Awards:
& Awards:
ABR, SRS
Interests:
Special Education Advocate, Advocate for the Mentally Ill, animal rights advocate
About:
Jayne and her sister, Bonnie, are "THE SISTERS, a dynamic real estate duo serving the real estate needs of Northeastern, Pa. Bonnie and Jayne have over
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Jayne Vaughan answered:
Getting that preapproval letter is indeed what you will need to begin the process of looking for a home with a realtor.
But, in my personal opinion, I prefer that my clients do not use mortgage brokers. I recommend to my clients to use a local bank, credit union or savings and loan.
Why?
In my particualr area, mortgage brokers are middle men. They represent several lending institutions not necessarily in your local town. I have seen very high fees charged by them. I have had documents get lost going to them and causing additional delays.
Using an established bank in the local area, I am able to meet directly with the loan officer handling that account should that be necessary. My buyers are able to also meet face to face with the loan officer, deliver documents to them directly, etc.
Local lenders are members of the community and take a personal interest in the success of the transaction.
How do you find a local lender in your area?
Who do you currently do your banking with? Ask them if they have a mortgage department and begin there. Ask your friends and family who have mortgages who they used.
Your realtor should also be able to provide you with a list, at least 3, of local lenders that you can interview. You should not only feel comfortable with your realtor but also your mortgage person as you will be working very closely with both of them throughout the process.
Good luck.
But, in my personal opinion, I prefer that my clients do not use mortgage brokers. I recommend to my clients to use a local bank, credit union or savings and loan.
Why?
In my particualr area, mortgage brokers are middle men. They represent several lending institutions not necessarily in your local town. I have seen very high fees charged by them. I have had documents get lost going to them and causing additional delays.
Using an established bank in the local area, I am able to meet directly with the loan officer handling that account should that be necessary. My buyers are able to also meet face to face with the loan officer, deliver documents to them directly, etc.
Local lenders are members of the community and take a personal interest in the success of the transaction.
How do you find a local lender in your area?
Who do you currently do your banking with? Ask them if they have a mortgage department and begin there. Ask your friends and family who have mortgages who they used.
Your realtor should also be able to provide you with a list, at least 3, of local lenders that you can interview. You should not only feel comfortable with your realtor but also your mortgage person as you will be working very closely with both of them throughout the process.
Good luck.
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