If you’re in the market for a mortgage lender, this probably isn’t the first step in your process. You’ve already been thinking about purchasing your first home (or a new home) for some time. You’ve scoped out different neighborhoods, evaluated school districts, and exchanged several dozen back and forth emails with your Realtor. All this leads you to research mortgage lenders. And while it may have been easy to get data on school performance, crime rates, and home resale value, it’s far more challenging to get credible information on which mortgage lender can provide you with the best home loan rates in Miami FL.
Shouldn’t there be some guidelines to help you through this decision? Surely, you’re not the first person to encounter this struggle, right? Right. At Kloze, our goal is to get you into your new home with the best mortgage rate on the market. That’s why we’ve developed this handy set of guidelines to help you through the process. It’s part of our promise to give you attentive, dedicated, and professional service every step of the way.
Sales Expertise Is Not Lending Expertise
Like every business, mortgage lending is highly competitive. We want to provide your mortgage loan—but so do a dozen other banks. What drives the final outcome? It’d be nice to believe that we’re all perfectly rational consumers, immune to a pitch and focused solely on numbers and a track record of top-notch service. Of course, that’s not the case. We’ve all made one (or several) purchases from a great salesman who was hawking a sub-par product. Don’t beat yourself up about it; it’s part of being human.
Choosing a mortgage lender is a bit more of a commitment than your last flat-screen television. In addition to the thousands of dollars of savings each year the best mortgage rate may offer, having a reputable and knowledge company service your loan is important to secure your own peace of mind, and to help you along throughout the process. We encourage all of our clients—and potential clients—to remember that sales expertise is not mortgage lending expertise. Take your time to make an honest assessment of every mortgage offer you receive.
Because we know how challenging this decision can be, especially for first time home buyers, we make a point to provide you with a clear understanding of your options. We’re confident that you’ll love our rates—and our people. No fancy gimmicks necessary.
Know What’s Important to You, Not the Lender
Different lenders have different sales pitches. In an effort to remain competitive, these pitches may touch on different aspects of your mortgage: initial lender fees, interest rates, loan duration, etc. Before hearing about what a lender can offer, think about what’s most important to you. What are you plans for the future? Are you choosing your dream home for the next several decades or a starter home you plan to leave in just a few years? Is your earning potential going to be stable in the foreseeable future, or will an upcoming promotion or retirement greatly change your cash flow?
Knowing the answers to these questions before you check out a lender is a great way to know when to get excited about an offer (say, a great seven-year adjustable rate when you know you’ll be flipping the house in three to five years), and when to take a pass (high up-front lender costs when your cash supply is already tight). Having your specific needs in mind is also a great way to communicate with your lender. They may be able to come up with a tailored loan package that benefits you more than their standard loan offers.
The ability to meet our clients’ needs is one of the reasons we offer so many different lending options at Kloze. As a full-service mortgage lender, we can provide you with a range of fixed-rate and adjustable-rate options, and we also support several federal programs designed to help you reach your goal of home ownership.
Make Sure They Return Your Calls Promptly—Before You Sign on the Dotted Line
If you’re just starting down the home ownership path, it’s not too soon to get in touch with potential mortgage lenders. You can always call a lender to learn general information about their programs, and find out how responsive they are to your communications and needs. If it takes you fifteen minutes just to reach a person (or voicemail), that may be your first indication that a lender won’t be readily available when you have questions or concerns. If every person you speak with is driving a heavy-handed sales pitch through your earpiece, you may rightly feel uneasy about their priorities.
Kloze is focused on meeting your needs, and this includes being available to speak with you, whether you just have a few casual questions or are ready to sign up for your first mortgage. Our customer service staff and mortgage professionals remain dedicated to core values of knowledge and dependability.
Why are we giving you these tips? Because we’re confident that an informed search for the best mortgage lender in Miami, FL, will lead you to us, for the quality of our service and our rates. When you want to learn more, we’re here for you. Just give us a call.