Real estate sales are primarily a localized market. That's why you wouldn't ask a Dallas real estate agent for assistance in purchasing a duplex in St. Louis. Likewise, you wouldn't ask a San Diego mechanic to winterize your Denver car or a Tallahassee-based educator what he thinks about the public school system in Chattanooga, Tennessee.
While it's true that a professional's industry knowledge will extend nationally, their expertise is specific to the local market they serve. The same goes for mortgage professionals. Here are more reasons to choose a local mortgage professional's expertise over a faceless, impersonal "rocket" one.
Each neighborhood has a particular flavor that makes it sizzle, from the historical points of interest and small businesses to home architectural styles and specialized industries to the unique culture and dining. Like a family, neighborhoods also have their share of challenges --something that locals would have genuine concern over.
Because of this intimate knowledge, local mortgage professionals do well at navigating that particular market's nuances, and what (if any) factors may require special attention. On the other hand, faceless "rocket" lenders and impersonal megabanks have no way of understanding these local complexities.
Cultivating relationships within communities takes time, but it's worth it, particularly when it comes to developing partnerships with local appraisers, title companies, and real estate agents. Nurturing relationships with local interior designers, landscapers, contractors, plumbers, and pool services comes in handy too!
Just one more benefit that only a local mortgage professional can provide.
While federal and nationwide lending programs are the bulk of the home loan options, there are regionally available specialized loan programs for home buying and refinancing.
Non-local lenders may not even be aware of these regional programs, much less assist you in applying for them. However, a local mortgage pro will sit down with you, review your current financial situation, and exhaust all the available programs.
We believe in shopping around to make informed decisions, and we're confident that you'll discover these truths about local lenders for yourself. Have questions? We're here to serve! Feel free to contact us anytime --whether a call, email, instant message, video call, or through the form found on our site. We are delighted to review your unique situation to assist you in deciding the ideal loan program.