Top reasons you should use a local lender

Whether buying or refinancing your dream home, finding a seasoned mortgage lender you can trust to help you achieve your dream is often a critical part of the process.

While it's possible to get your mortgage from a big national bank, working with a local lender can offer many advantages.

Here are some of the top reasons why you should use a local lender the next time you are buying or refinancing.


Flexible and personalized service

A local lender can offer an experience that's personalized to your own needs. Whether you need to ask questions or want someone to help you step-by-step, a local lender is there to help you.

Local lenders are often easier to reach. You can meet with them virtually or even in person - which isn't always the case with an out-of-town lender.

Real estate doesn't always happen during business hours, and most local lenders are also more flexible and responsive. This way you know they're just a call away if you have any last-minute questions or need something to close your deal at an odd hour.

A responsive lender can also make a huge difference if you happen to experience delays or roadblocks in the process.


Relationship with your real estate agent

A local lender will often have a relationship with your real estate agent. This way they can work as a team to get you pre-approved and put in a strong offer when you find your perfect home.

They're likely also familiar with other key people involved in the home-buying process, including home inspectors, appraisers, and lawyers. These are all people who need to work closely together so your experience is as smooth as possible.


Familiar with local real estate landscape

One of the benefits of working with a local lender is that they will be familiar with your area's real estate landscape. This can be helpful when it comes to appraisal values and understanding local financing options.

This can be helpful in securing a competitive interest rate and terms that fit your needs.


Wide range of mortgage products and loan solutions

Local lenders may often be more flexible than national chains when it comes to credit and loan options. They can be super-competitive and that benefits YOU. Backed by excellent customer service, they want to do everything they can to get you a home loan that meets your needs.

So, whether you're looking for better rates, or might not qualify for a traditional mortgage, or looking into programs that are specific to your region or profession or other circumstance, dealing with someone who is invested in your success can be a huge advantage.


Support local businesses

Finally, using a local lender is a great way to support your community. Local lenders are invested in the success of their community, and they're always looking for ways to give back.


The bottom line

When it comes to something as important as buying or refinancing a home, working with a local lender can often make the loan process faster, simpler, more efficient and satisfying. We are your neighbor, we live in your time zone, and we love and share the same community.

Choose a mortgage lender in your community - enjoy peace of mind and a stress-free home-buying experience.



We hope this article was of value to you. For more great tips, bookmark our site and for all your mortgage needs, visit the A Team at TMFFMS.


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