H
ome purchasers seeking to stand out in competitive housing
markets should consider a mortgage professional based in the area
Don't discount the benefits of shopping local—even for a mortgage
professional.
In tight housing markets where bidding wars are common, buyers
who need financing can strengthen their oers by working with a locally
based mortgage broker or loan o•cer.
Agents want to work with buyers whose lenders know the local market and
have a record of getting deals done. That reassures the listing agent and
the seller that a sale will close. In housing markets where bidding wars are
common, buyers who need financing can strengthen their oers by working
with a locally based mortgage broker or loan o•cer, this oers the selling
agent confidence that a sale will happen and can separate a winning bid from
the rest.
While online lenders can oer convenience, it is still useful for borrowers to
shop around for the best rates and terms. But lenders in hot markets caution
that a small dierence in rates isn't the most decisive factor in choosing a
lender, ability to close is of paramount importance - of course, and to this
LONGING
FOR A LOAN?
LOCAL MORTGAGE LENDERS MAY OFFER AN EDGE
