ATTN: Joint Base Charleston/Charleston AFB
HOW TO PICK A MORTGAGE LENDER
In the whirl wind that surrounds the home buying and mortgage process, how can a Joint Base Charleston military buyer be sure that they are working with the right lender? I mean there are so many choices…here’s some things to consider:
What type of company is it?
Mortgage brokers vs. banks/credit unions: Mortgage brokers have the wide expertise and product menu that is necessary to secure the best rate and the best type of loan for each client. Banks and credit unions are usually limited in program choices and hamstrung by tighter underwriting.
How does the company operate?
Many people are dismayed when they find out where their loan is processed or underwritten….or where the appraiser is from. It is important to work with a LOCAL loan officer and real estate agent who understand the nuances of the Charleston real estate market. Asking the questions up front can save you headaches down the road.
What about the individual loan officer?
Your relationship with your Charleston area LO (and their processor) becomes the most important ingredient to a successful transaction. How well do they educate you about the process, the requirements…the factors that determine your approval or the interest rate you will get? Many LOs are “order takers”. Others are weak in follow up or communication. This is difficult to determine on your own which is why the referral from another person who used them or your Charleston Military real estate agent has far more value than most people know (until it’s too late).
Too many people stay focused on quoted rates and fees and neglect to see the whole picture of what is needed from a lender. Look for great communication, superior information and education, understanding of the local market and someone who looks at your application as something more than a number. Be prepared to pay a little more to get a better experience (even though usually it DOES NOT cost you any more)….in the long run, lowering stress can be more important.
If you are Charleston military, police, firefighters, or teachers searching for a new home we recommend contacting DONNA WILLIAMSON with Benchmark Mortgage (843) 452-4577 with all you mortgage questions and concerns. Military Homes Charleston is proud to refer Donna to ALL our clients, and we are confident she will continue to surpass all client expectations.
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Jodie Ford, Military Homes of Charleston – Charleston Air Force Base/Joint Base Charleston, SC Real Estate For Sale I specialize in helping military families enjoy a smooth PCS in and out of Charleston. I have a passion for helping people, and I love what I do. Call me (843) 819-4398 and let me make this the easiest PCS yet!
Torri Jacobsen - Buying or selling a home doesn’t have to be hard, but choosing the right Realtor DOES make a difference. I specialize in making first-time home buying a great experience for military families moving to the Charleston, SC area. Call or email today, and let’s make this your best move yet! You’ll feel right at home with me.
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