Choosing a Mortgage Professional

We are in a market where the mortgage companies have become more streamlined than ever especially with the recent RESPA changes that took effect in January. I had a first time homebuyer come in the office and ask what can you do different than your competitor. I said to be honest it comes down to who you like best and can trust. The mortgage industry is effected by the world and is watched by investors and the government. In this market there isn't much that is negotiable for you other than your experience. One part of your experience that you can help is frustration because of unclear communication. If you have been reading my blogs then you should have noticed my common theme.. clear communication. I would ask for that upfront. The other part of your experience is the person. A personality is hard to change so when you find someone you relate to or even understand then I would move forward. You have to work with this person for several weeks or months. Your experience is also based on your point of view. You can choose to think of a mortgage professional like a vendor or lasting relationship. A vendor is someone who promotes or exchanges goods or services for money. A relationship is when two or more parties have an interest in common and benefit from each other. A mutual dealing between people or parties. You can think of a mortgage professional as a vendor since they are getting money out of the transaction. I would choose to form a lasting relationship that you both can benefit from for life. People form relationships based on trust so this also means that you trust that your mortgage professional is doing the best they can do for you. This takes you further than saving a $100.

Choosing a Mortgage Professional