In my opinion, you want a local lender (not just a voice on the phone or an internet page) who knows the local market, lending practices, and values. If things get bumpy, you want to be able to reach a real person in your time zone who knows you personally and is PERSONALLY vested in your transaction.
I'd like you to read this from Steve Eckhoff, a local mortgage broker. His words tell the story better than I can:
â€œDuring the 20 years that I have been financing real estate in the West Los Angeles area, hard work and excellent associations have graced me with a virtually perfect closing ratio. One of the main reasons I have affiliated myself with First Capital Mortgage in Santa Monica is the sheer volume of last yearâ€™s more than $1 Billion in local residential loan funding â€“ this makes us one of the preeminent Mortgage brokerage firms in the United States. Our size and the volume of transactions makes us a powerful negotiator and enables us to secure the best rates and terms available.
In navigating the process of purchasing or refinancing your home, where high pressure and short time frames are the rule rather than the exception, the team I have assembled has created a stellar reputation that is supported by technical expertise, sophistication and personalized attention to each clientâ€™s transactional needs. My partner, Rochelle, our personal Transaction Manager, Carolyn, our underwriter, Mary and her assistant, Michele, and I specialize in transactions in the range of $500,000 to $5,000,000 and represent an unbeatable variety of lenders that offer extraordinary loan programs with the lowest interest rate and point combinations.
I understand that this investment is one of the most important decisions you will make and my team and I will put in every effort required to provide the best real estate financing program available and to structure and close the loan that is best for you. I would like to assure you that availability; dependability, promptness, competitiveness, total service orientation, efficiency, enthusiasm and appreciation have been the keys to our long-term success.â€
My recommendation to you? Interview 3 mortgage brokers FACE TO FACE, ask for references, find one you like and trust, and put them to work finding you the best loan. Make Steve your first call, 310-470-8080.
Deborah Bremner, CRS, SFR, CSP
Certified Short Sale Professional
Certified Home Retention Specialist
Blogging at: http://TheBremnerGroup.com/blog