Houston Maison

July | August 2019

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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 offers by working with a locally based mortgage broker or loan officer. 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 offers by working with a locally based mortgage broker or loan officer, this offers the selling agent confidence that a sale will happen and can separate a winning bid from the rest. While online lenders can offer 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 difference 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

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