Congratulations on taking the first step in becoming a homeowner. Here at PERL Mortgage Inc., our team understands how overwhelming this process can be. It is not just about finding your perfect house, but it is also about finding the perfect lender to help you finance your home.
As a first-time homebuyer, you may be unaware of what characteristics to look for in a lender. Well as your local Schaumburg mortgage lender, our team has created a list of the top 5 traits that make a great lender.
1. Puts You First:
Work with someone who will always have your best interest. A great lender will work diligently to ensure you get the best mortgage for your specific financial situation. An even better lender will not turn you away if you have bad credit. Here at PERL Mortgage, we vow to always put you first and work to the best of our ability to find you the cheapest rates on the market. Even if you have bad credit, we will not turn you away. We will just work that much harder to help you achieve your dream of homeownership.
2. Will Educate You:
Find someone who is willing to take their time and explain each mortgage term in an easy-to-understand manner. As your Schaumberg mortgage lender, we understand how confusing all the terms can be. Instead of tricking you into signing a mortgage with a bunch of hidden fees, we will educate you throughout the process so you know exactly what you are signing up for.
3. Is Straightforward and Honest:
You want to work with a lender that is not going to talk in circles but instead will tell you exactly how it is. We will never try to hide anything from you but instead, we will be upfront about anything, including lender fees that will be charged. In addition, any questions you ask will be answered in a clear, concise way.
4. Offers Competitive Rates:
Work with a lender who is going to offer competitive pricing. This means they will do everything they can to find you the lowest rates on the market. Schaumburg home loans are constantly fluctuating in price, so make sure your lender is aware of the rate change and can still offer a good deal.
5. Knowledgeable on the Market:
You not only want to work with someone who is an expert in the mortgage field, but is also knowledgeable about the housing market. They should inform you of the recent residential trends, and provide credible advice on when the best time to buy is.
Buying a home does not have to be a stressful process if you are working with the right lender. If you are in the market for a Schaumberg mortgage, please contact our PERL Mortgage Team at 630.965.8138. We would love to work with you and help make your dreams of homeownership come true.