subject: 5 Steps to the Best Home Loan - Step 1 [print this page] 5 Steps to the Best Home Loan - Step 1 5 Steps to the Best Home Loan - Step 1
5 Steps to the Best Home Loan
http://www.besthomeloanirvine.com
Step 1: Finding the right person:
This is the single most important step as the right person will encompass all the other steps who will lead you to the best home loan experience. The first place you should begin is to find the right person, a good mortgage consultant or loan officer. So many people were taken advantage of over the past 5 years being subjected to mortgage fraud and misrepresentation by finding the wrong person working at the wrong mortgage lender. This series the 5 Steps to the Best Home Loan was created to help you understand upfront what you need to look for before you begin the process of finding your best home loan.
With the tightening of mortgage guidelines during the meltdown of the lending industry you need to find someone who can help you overcome any issue you may face up front to avoid a nightmare down the road. They should help you evaluate your situation and help you overcome any issue you may have with the lender they work for before you even begin the process. This person should know if you can work with their lender and how to avoid or overcome any potential problems. In many cases trying to get a borrower all the way through to closing their loan is like walking through a land mine field blind folded. The right person has a mine detector and will get you through to the end without any major explosions. This holds true whether you are a first time home buyer, a move up buyer or you are trying to refinance.
You will have many choices of a wide variety of people and personalities working for many different lenders. This will be the single most important step for you to find the person that offers you the most in the way of; being trustworthy, is available throughout the process, has a wide range of loan products, works for the right mortgage lender and will have the tools to get you the best interest rate. This person will take the time you need to understand how this loan will impact you financially so you know when the right time to buy a home is. Most importantly someone you feel comfortable with and will allow you to be in control.
Be careful who you choose! You may find someone you feel comfortable with but may be limited by what they can't do being at the wrong lender or not have the right program for you. It is often said that it is better to find a third party than to choose a friend or family member to do your mortgage. Just because someone you know does loans make sure they are in the right system. If not it may cause a lot of stress on your relationship. Who may seem like the right person on the surface who can't lead you through all 5 steps is no longer the right person.
If you judge who you want to work with based on their appearance; like the way they dress or the car they drive you may be looking at what is superficial. Sometimes a suit driving a fancy car has a much larger nut to crack every month than someone who dresses more casual and drives a car with no payment on it. One of these will be more prone to charge you more than the other, so you can figure that one out. Remember this one thing; sharks always look sharp and are smooth talkers because that is all they have to offer. So when looking for that right person dig a little deeper and look beyond the surface. You will discover who the right person is.
Ultimately, you want to find the person who will take the time you need to get you positioned correctly to ensure you get the best program and rate. You may need some time to raise your credit scores and this person can help you. They can also help your write some letters to explain any situation which may hinder your ability to qualify. This person should be creative in knowing how to navigate you through all the potential problems that face a borrower now-a-days to ensure a great home loan experience.
Feel free to contact me with any questions or to set up a free consultation. If you would like to know more about the "5 Steps to the Best Home Loan" and see all the videos and articles please visit my site. Also, if you would like the EBook I wrote, "The 20 Things You Need to Know Before You Buy a Home," contact me and I will send it to you for FREE. You can visit my site to know more about my consulting service.
