How Can You Choose the Right Lending Company?

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Once again, we have Brandon Moss of PrimeLending joining us to discuss important topics from the lending world. Today, he shares the top 3 things to consider when choosing a mortgage company. 

1. Use a direct lender: You want the mortgage company you work with to be a direct lender because they're the ones who lend their own money. They make their own decisions and have total control over the loan process, unlike a mortgage broker who is just a middleman. PrimeLending is a direct lender - we underwrite, process, and fund all our loans here under one roof. It gives us better control, better closing turn times, and better customer service. 
2. Use a lender who's familiar with local neighborhoods: You want to work with a lender who is familiar with the local marketplace and who has appraisers who are familiar with the local marketplace. Don't use someone from outside of town - rather, you want to hire someone who understands the real estate conditions of the area. You also want to ensure your lender has national expertise, who knows what's happening at the national level, but focuses on the local level.   
3. Use a company that can perform on time: It's important to find a mortgage company that has a close-on-time guarantee. Work with someone that you know can close your escrow on time, as missing deadlines can be very costly, and may even cost you the home you want. Find a team that will give you that commitment in writing, so you have recourse if they aren't able to get the job done. 

We hope you find these tips helpful. If you have any questions for Brandon, you can call him at (818) 256-4330 or email him at BMoss@PrimeLending.com. Of course, if you have any questions regarding real estate, the Himelstein Group is always available to be your real estate resource! 

We hope to hear from you soon!