Home mortgage interest rates are still low. Homebuyers and those looking to refinance are shopping for the best deal possible.
So, during today’s “From The Heart and Sold Real Estate Show” April Rooks and Cindy Vandiver will be discussing the pros and cons of using an online lender vs a local lender.
Nearly half of the homebuyers out there do not shop around for the right lender or rates. And, it’s costing them.
The internet has brought about a whole new world of mortgage financing options.
And, as it is with everything else in the world — advertising is everything.
So, how do you know that you’re making the right choices for yourself and your finances? And, that you’re actually going to get what was advertised?
“If it seems too good to be true, it probably is!”
Onlne advertisers talk about:
1. Better rates
3. Overnight Approval
And because consumers live in a space of instant gratification, we really do want and expect to have everything right now, at our fingertips!
Online can be a HUGE time saver. And it does come with its drawbacks.
- You can call or text a local lender. If you’re working with an online lender, you need to expect that there will be delays in response time and truly personalized service.
- You can walk into your local lender’s office. You can’t do that with an online lender.
- If you need help, your local lender is a huge asset to you. You just won’t be able to get personal guidance and access to community relationships from an online lender.
- Many times rates are better with a local lender than with an online lender. They usually are more firm and locked in, too!
From the Heart Moment
Conditioned Air Systems recently installed an HVAC unit in the home of a local family that had no heat for the winter. They were struggling and simply couldn’t afford to get the work done. The relief and gratitude the family experienced were so touching.
We’ve all struggled at some point in our lives. And to have someone do something so special is miraculous. And we really want to acknowledge and thank our community for doing so much for so many.
Contact April Rooks:
678 851 4992
Connect With April and Cindy:
Disclaimer: This podcast features Mortgage Banker, Cindy Vandiver, NMLS 164102, at Stockton Mortgage, NMLS 8259, Equal Housing Lender. Views and opinions expressed are those of Ms. Vandiver and do not necessarily reflect those of Stockton Mortgage. Ms. Vandiver’s information should not be considered to be legal or tax advice.