There are several important things to keep in mind when choosing a mortgage bank. Whether you’re looking to purchase property for the first time or are in the market to refinance your existing mortgage, you need to find a mortgage banker who has your best interests in mind.
A good banker should be most interested in collecting as much information as they can from you to make the process of applying more efficient and to be able to provide you plenty of options.
For instance at Secure One Capital, we not only collect your income and qualifying information with our streamlined application. We also conduct a thorough needs assessment with some of the following questions:
How long do you plan on staying in this property for?
Do you plan on paying your home off?
Did you or anyone on title serve in any military branches?
Are you interested in government incentives or loan programs?
Have you been delinquent on your mortgage in the last 12 months?
Do you have any credit cards with balances?
These kinds of questions will allow a mortgage banker to determine what you need your loan to accomplish so you can customize the loan type and terms. A thorough needs assessment will also help the banker determine if there are any government programs or benefits you might qualify for. At Secure One Capital, we can help you leverage your excellent credit or assets to get the best rate and terms possible.
Lastly, when choosing a mortgage company to work with, ask for them to provide you with testimonials so you can be sure of their professionalism and also so you will know what to expect.
If you’re interested in reading some reviews from Secure One Capital, you can visit our profiles below
After all, a mortgage is one piece of your financial plan. Speaking with a knowledgeable mortgage banker can allow you to understand how you can use your mortgage to complete your financial puzzle.
If you would like more tips on selecting a reputable mortgage company, you can view the video below. For more mortgage news and tips, follow us on social media.