Tuesday, April 12, 2016

5 Things That Make a Great Mortgage Lender

It is estimated that more than 6 million people will become homeowners this year, and according to The National Association of Realtors, approximately three-quarters will use a mortgage when financing their purchase. In addition, millions more will be refinancing their homes this year, which creates a need for mortgage lenders to finance.
When shopping for a mortgage at the Lake of the Ozarks , it’s definitely important to get a competitive mortgage interest rate, but you also want to have a professional and experienced mortgage lender working with you. Here are 5 things a great mortgage lender can do for you:

1. A Great Mortgage Lender Knows His Clients by Asking Questions
In order to give an accurate mortgage quote, a mortgage lender will  first need to collect information from you. A good lender should be expected to ask questions about your credit rating, property type, how long you expect to own the home and uses for the home, among other questions. A great lender can use this information to offer multiple mortgage options that are right for your needs, and explain what each loan option means for you.

2. A Great Mortgage Lender Guides  You Through The Process

A great  mortgage lender knows their products and the industry very well, and will be able to explain them to you. As a homeowner, you are responsible for every document that you sign and should know what you are reading. A great mortgage lender will want you to understand exactly what you are signing.

3. A Great Mortgage Lender Can Problem Solve And Close On-Time

A great mortgage lender is accustomed to dealing with unexpected glitches that can arise, and “glitches” are more common than you may think. You will want a lender that can overcome any obstacles or find alternatives to issues that may arise.

4. A Great Mortgage Lender Will Make Sure You Are Comfortable

Just because you are approved for a specific loan amount does not mean it is right for you. If you technically can afford the mortgage but the potential payments are a little too high, a great lender will find a way to make it more comfortable for you in the form of a different program, smaller loan size or perhaps they can offer some budgeting help. A great lender’s priority is making sure that you are confident and comfortable with the payments you will be making.


5. A Great Mortgage Lender Is In Touch With You The Whole Way

Whichever preference of communication you prefer, whether it is by phone, email, text or a call to your office, a great lender will be willing to accommodate what works best for you. A great mortgage lender will keep in contact with you throughout the entire mortgage process and return your calls or emails promptly. You will always feel comfortable with a Lake of the Ozarks mortgage lender who doesn’t leave you waiting on a return call for any questions you may have.

There are hundreds of thousands of mortgage lenders in the nation, but the great ones are distinguished by the excellent service they provide for their clients. When it comes to your Lake of the Ozarks home financing needs, I'm here for you every step of the way, to answer any questions that you may have. I'll discuss financing options, offer competitive interest rates and back it up with the first class service you deserve! Call your local Lakelender, Michael Lasson, at 573-746-7211 for all your home loan needs.

For Lake area news, resources and tips on financial services, please 

Michael Lasson
Sr. Residential Mortgage Lender
NMLS #: 493712

2265 Bagnell Dam Blvd, Suite B
PO Box 1449
Lake Ozark, MO 65049

Direct:  (573) 746-7211

Email:  mlasson@fsbfinancial.com

**The postings on this site are my own and do not necessarily represent First State Bank of St Charles’s positions, strategies, or opinions.

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