What questions should I ask a mortgage lender in Greensburg ? If you’re dealing with a mortgage broker there’s some questions that you should ask both on your first meeting with the mortgage broker and throughout working with your mortgage broker to make sure that you’re getting the best service possible.
USDALoanInfoPA is going to go through 10 different questions that you can ask your mortgage lender in Greensburg. Be aware that your USDA Loan or Mortgage broker will be getting the loan that you need and the service that you want.
The first question that I think everyone should ask a mortgage broker is a pretty straightforward one.
How Much Will a Mortgage Broker Cost?
Most mortgage lenders in Greensburg actually work for free.
So it doesn’t actually cost you anything in order to do it.
They get money because they are paid by the banks when you successfully get a loan.
So they get a small commission of the loan that you apply for and if you get it.
Top Ten List of Bad Mortgage Lenders
So most mortgage brokers in Greensburg will work for free and it won’t cost you anything.
However, there are some mortgage brokers out there who do require deposits or who do require you to pay.
So, it’s important to ask, “How much will this cost me?” when assessing which mortgage broker you want to go with.
How much do Mortgage Lenders earn in commission from me and from my loan?
This is less to understand exactly how much they make.
You can see what percentage of commissions they make and things like that by visiting USDALoanInfo.
But it’s more to understand whether or not they’ll be willing to give you this information.
A transparent mortgage broker is someone that’d be willing to give you this information and you know that they have your best interest at heart.
Factory farms slip environmental review for USDA loans
If they skirt around this issue and they don’t tell you how much they earn.
Well then that would send out red flags for me because I can’t trust them to put my best interest at heart because there are some circumstances where one loan will earn them more money than a loan that could potentially be better for me but not as good for them.
So, I’m just trying to establish whether or not this mortgage broker in Greensburg is someone that I can trust.
And by asking them the big question, the money question,”How much will you earn from me?” That’s a great way to understand whether or not you can trust the mortgage lender.
So ask that question and see how they respond.
Do Mortgage Lenders Invest Themselves?
Now, I don’t think a mortgage broker has to be a property investor in order for them to be able to get you a good loan and for them to help you successfully invest in property.
However, if they are interested in property in Greensburg, if they do invest themselves, then that is going to go a long way to help you because they understand what it’s like to be in your shoes.
They understand what you’re trying to get out of this and they’ve done it themselves so they can help you miss some of the pitfalls and things like that.
If they don’t invest themselves, then I would want to ask them, “Have you worked with many people that invest in property?” Because as mortgage brokers, some of them just work with people who are buying their own home.
10 Questions You Should Ask Your Mortgage Broker
Some of the mortgage lender folk who work with people who are doing particular investment strategies.
So, some might work with people who invest in positive cash flow property or who invest in rural areas, who invest using developments.
NSH MortgageBlockedUnblockFollowFollowingMay 3, 2017USDA Home Loan: Is This Your Right Mortgage Choice?USDA Mortgages versus FHA which is better. NSH Mortgage has the wisdom and tools to help you with the financial benefits USDA Mortgage loans provides you. You decided finally to buy your first home so you must consider all that goes into this decision in finding your ideal home.You want to find the ideal home in a good neighborhood. It should fit your budget and possess the right amenities. Once you have found the property, you have another important decision to make how you will finance it.Today’s market offers several programs that makes buying your very first home much easier and there is no right loan choice for everyone. The correct loan is the one that suits your situation the best. Two extremely popular options amongst homebuyers are the USDA Rural Development loan and the FHA home loan.They are both low down payment loans, but beyond that, they are very different. You might be surprised at which one is the right choice for you.Four Ways USDA Or FHA Might Be BetterWhat if you could get a no down payment loan with comparable mortgage rates to FHA? And, what if that loan allows you to finance closing costs, even without ultra high credit scores? Is such a loan too good to be true?The loan actually does exist, and it is called the U.S. Department of Agriculture (USDA) Rural Development home loan. It is rising in popularity among first time home buyers. A USDA home loan is different from a traditional mortgage in several ways.But that does not make them inaccessible. In fact, some features of USDA make them more attainable compared to FHA.1. Zero Down Financing Plus MoreUSDA loans require no down payment and you may finance up to 100% of the property value, which, sometimes, is above the home’s purchase price. In these cases, the buyer can finance closing costs. Here is how it works, you make an offer on a home for $200,000.The lender’s official appraisal report states the home is worth $205,000. The buyer can open a loan for the full value and since the excess funds are applied to the closing costs such as the title report and loan origination fees. Excess funds can even be used to prepay property taxes and homeowner’s insurance.So, in the end, the buyer pays even less than no down payment. Home buyers typically pay something out of pocket, even if they put nothing down. Closing costs can add thousands of dollars to the necessary cash to close figure.Even most renters must put up a security deposit, plus a few months rent. But with USDA, there is a chance the buyer can walk into a home paying nothing from their own bank account. With FHA, the homebuyer must come up with a 3.5 percent down payment, plus closing costs.FHA has no guideline stating that the loan amount can exceed the purchase price. The only way to get a zero out of pocket loan with FHA is to get a down payment gift, plus additional gift funds or seller contributions for closing costs. USDA is more flexible, so buyers with little cash on hand should look into this option first.2. USDA’s Rural Location RequirementUSDA eligibility depends on the location of the home. You must purchase a property in a rural area as defined by the USDA. Based on U.S. census information from more than 15 years ago.So, many solidly suburban areas are still eligible. USDA publishes online maps with which buyers can check the eligibility of a certain address or geographical area. Buyers will find that some entire states are USDA eligible.Even highly populated states contain surprisingly vast USDA eligible areas. An estimated 97% of the American landscape is geographically eligible for a USDA loan. Still, some buyers might find that eligible areas are too far outside employment centers, and therefore choose a FHA loan, which comes with no geographical restrictions.3. USDA Income LimitsThe Rural Development loan was created to spur homeownership in rural areas, especially among home buyers who would not otherwise qualify. As such, USDA publishes income limits. Maximums are set at 115% of the median income for the county or area.That amounts to adequately non restrictive limits and the following are some examples of maximum annual incomes in various locales around the country.Denver, Colorado: $94,600Portland, Oregon: $84,550Philadelphia, Pennsylvania: $93,750Albany County, Wyoming: $85,700Not everyone will fall within USDA income limits. That is where FHA comes in the FHA loans comes with absolutely no income limits for its standard program.4. The Owner Occupied RuleYou do not have to be a first time home buyer for either FHA or USDA. However, for both loan types, you cannot own adequate housing within a reasonable distance of the home being purchased. For instance, if you own a three bedroom house, you cannot use FHA or USDA to buy another three bedroom house down the street.You must also plan to live in the home you buy. Rental and investment housing is not allowed under USDA or FHA. Both loans have the same goal: get individuals and families into their own homes.Neither loan permits activity that could be interpreted as a real estate investor building a portfolio.USDA And FHA Mortgage Insurance PremiumsSimilar to the Federal Housing Administration’s FHA mortgage, the USDA uses homeowner paid mortgage insurance premiums to keep the USDA home loan program viable for future home buyers. But USDA mortgage insurance premiums are cheaper than those of FHA, and have recently dropped even further. Beginning in October 1, 2016 USDA reduced its mortgage insurance premiums.The upfront mortgage insurance, which is financed onto your loan balance, dropped from 2.75% to one percent. Likewise, the monthly premium fell 15 basis points (0.15%) to just 0.35%. Compare USDA mortgage insurance to that of FHA and you will immediately see the significant savings.The FHA upfront mortgage insurance premium is 1.75 percent and the monthly fee is typically 0.85 percent of the loan balance, divided equally into 12 installments and included with each mortgage payment. The following table compares the upfront fees and monthly costs on a $250,000 mortgage loan after October 1, 2016.The mortgage insurance savings alone could be enough to push some FHA buyers to USDA, if the zero down payment feature was not reason enough.USDA Loans vs FHA: Ease Of QualifyingThere is no stated maximum loan size for the USDA loan programs. The amount you can borrow is limited by your household’s debt to income (DTI) ratio, the comparison between your monthly debt payments and gross income. Essentially, a homeowner who makes $6,000 per month and $2,000 in monthly debt payments has a DTI of 33%.The USDA typically limits debt to income ratios to 41%, except when the borrower has a credit score over 660, stable employment, or can show a demonstrated ability to save. These mortgage application strengths listed above are often called compensating factors and can play a big role in getting approved for any mortgage not just USDA. Both FHA and USDA mortgage options have pros and cons:No down payment: USDA loans only, FHA is 3.5 percentLocation freedom: FHA primarily, USDA is restrictedIncome limitation: USDA only, FHA has no capsMortgage Insurance Premiums: USDA is cheaperRebound buyers: FHA is more flexible after foreclosureUsually, home buyers that qualify for a USDA rural home loan should go in that direction. With comparable rates, lower mortgage insurance premiums and the opportunity for a 100 percent financing. USDA Rural Development loans make sense for many of today’s suburban home buyer.
So I would want to find a mortgage broker who either had that experience themselves or who had clients that they had got similar deals for ’cause that way I know that they can negotiate on my behalf and they can get this deal across the line.
What details do Lenders need from me?
It’s one thing to call up a mortgage broker and just to get an estimate of your borrowing capacity but if you’re going through pre-approval and stuff like that, then you’re going to need to provide the mortgage broker with more in-depth details.
You might need pay slips; you might need proof of identity, all of that sort of stuff.
If you ask them up front, “What details do you need from me?” And when you go to your meeting with them you actually provide them with those details, well that just makes things so much easier.
Mortgage Lenders Making The Right Choice
Remember, a mortgage lender is only paid once the deal goes through and once you actually get financing.
So the easier you make it for them, the more likely you are going to get better service.
What can I do as a client to make this go as smoothly as possible?
You have the goal of getting financed for your property, the mortgage lender has a goal of you getting financed for your property and no one wants it to be difficult.
And so, if you can ask the mortgage broker, “Look, how can I work with you? How can I make things easy for you?” They’re the experts; they know what they’re doing.
They can tell you exactly what they need and then you can work hard to provide that for them so that they can get everything across the line as quickly as possible.
You know, I have customers,I deal with customers and even though I’m not a mortgage broker myself, I know that when there’s difficult customers that you don’t want to deal with, it just makes life so much harder and you don’t want to work hard for those people.
And when there’s customers who are really nice to you and who try really hard to help you provide them with the service you provide, you will bend over backwards to do anything you can for those customers to get them across the line, to help them as much as possible.
So, be one of those customers that the mortgage broker wants to bend over backwards to help you because you have their interest at heart as well.
You want to see them get paid.
You want to see them do an easy mortgage so they get paid easily.
And so you can develop a relationship into the future.
Which lenders can I borrow the most from?
Most people go into a mortgage broker looking for the cheapest interest rate possible.
What is the cheapest interest rate I can get? And the fact of the matter is a mortgage broker is likely to show you the banks that will lend you the amount of money you need and will also have the cheapest interest rate as well.
However, they might not showy ou banks that will lend you more money than you potentially need at the moment.
Now, it’s important to ask, “Which lenders can I borrow the most from?” because this will help you to project into the future.
Maybe you don’t need to know that for this loan right now but maybe, in the future, you might need to borrow money again and you know, or roughly my borrowing capacity is this.
Or if you find out which lenders you can borrow more from, and you find that you can actually borrow an extra $300,000, well you might split up your deposit and invest in two investment properties instead of just one.
And so asking them, “Which lenders can I borrow the most from?” is a great question to ask to really understand your position.
Because, yes, interest rate is important but how much you can borrow is also important as well.
Can I see a full list of my borrowing options?
Most mortgage brokers will provide you with, usually, like a top three or sometimes only a top one.
And I always like to think, “Can I see a full list of my borrowing options?”Again, this is less to say you want to go through all of this in minute detail and see.
You’re probably going to still choose from one of the top three ones.
But you just want to see that they’re giving you the full amount of information.
And most mortgage brokers are good people but there are some dodgy mortgage brokers out there who are just trying to get the deal that gives them the biggest commission.
And so by asking to see a full list of what your borrowing options, you can then look at that and you can then assess, “Okay, well which loan do I think is going to be best for me?” rather than just taking the recommendation of the mortgage broker who may or may not be thinking about themselves.
So, again, most mortgage brokers are great people out there to help you but it’s always a good idea to get a full list of your borrowing options that are available.
Will this put a mark against my credit file?
And so this is when you’re trying to work out how much you’re going to borrow and stuff like that.
When you go into a bank and you try and find out how much you can borrow, often, the bank will do a credit check and this puts a mark against your credit file.
And what happens is if you have a lot of these marks against your credit file, even though it’s nothing bad, this can actually stop you getting a loan.
So, talk to your mortgage broker and when you’re looking at, “What can I borrow?”or your looking at getting pre-approval, just understand, “Will this put a mark against my credit file?” ‘Cause it’s not bad to have a couple or whatever.
But if you’re getting lots and lots of marks against your credit file, then that could be an issue.
So just make sure and you know when a mark’s being put against your credit file and when a mark isn’t being put against your credit file.
How soon can I revalue or borrow again?
So if you’re investing in a property to renovate it or to develop it or even if you’re investing in a property that’s potentially under market value, you want to know how quickly can you revalue that property so you can get equity and then hopefully draw equity out of the property to go ahead and invest again.
There are a lot of lenders out there who don’t allow you to revalue within a 12-month period.
So, speak to your mortgage broker about the lenders that will allow you to revalue faster.
And basically, this will give you an idea of how quickly you can revalue to consider going again.
You’re also going to want to ask them, “After I invest in this property, how soon can I borrow again or what do I need to do to put myself in a position to be able to borrow again and to purchase the next property?” Because hopefully, your goal isn’t just to purchase one property but to grow your property portfolio and to achieve that financial freedom and that financial security that you’re striving for.
Will My Loans be ‘cross-collateralised’?
Now, I have heard a lot of stories about investors whose loans have been cross-collateralised and it’s cause major problems when they’ve gone and sold their property because the bank shave been able to take that money and pay off debt.
And basically, you want to avoid this at all costs from what I hear.
And so, it’s good to ask your mortgage broker, “Will my loans be cross-collateralised in any way?” Generally going with the same lender for two loans does it by default, even though it doesn’t say they’re cross-collateralised.
So, it’s just something that you want to look at the fine print, you want to understand, “Are these cross-collateralised?” And if they are, try and avoid it, try and get loans that aren’t going to be cross-collateralised.
So there you have some questions to ask your mortgage broker next time you go and see a broker to find out how much you can borrow or get pre-approval or get financed for another property.
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You can see what high rental yield properties look like that are likely to generate a positive cash flow.
Did You Know – You Can Get Pre-Approved for a USDA Loan in Greensburg?
There are many institutions that loan money to home buyers. Commercial banks, private lenders, credit unions, mortgage bank companies, insurance companies and pension funds. It can get confusing as things are always changing in the mortgage industry.
Policies, interest rates, mortgage programs, where the funds come from, and investors are all changing and can affect where, from who, and the type of mortgage you will get to purchase the property you have chosen. Certain entities may offer you better rates depending on your credit history, debt, income, and expenses. It is a good idea to shop many different resources so you can get the best deal possible.
The mortgage market is comprised of a primary and secondary market. These two markets work together to give money to a borrower and offer returns on investments to investors.
The primary market occurs on the retail end, meaning a mortgage lender sells directly to the consumer. You may use the services of a broker or loan officer in order to have this transaction run smoothly. This is the place where mortgages are originated and the money is given directly to the borrower. In the primary market, mortgage lenders make there money on processing fees. There are often many fees associated with getting a mortgage that the buyer is responsible for.
Because there can be many fees as charged by the mortgage lender, it is important to know exactly where your money is being spent. You should ask for an itemized report for every fee. Unfortunately there dishonest mortgage lenders and they will make up charges and fees that really don't have any effort or actual action behind them. This is how some borrowers can get scammed, and often they may not even know it!
The secondary market manages mortgages that have already been originated in the primary market. What occurs here is the mortgage lenders package many mortgages together and sell the notes to investors. Mortgage lenders replenish their cash reserves that can be used towards the origination of more mortgages. The investors make money off of the interest that is charged on the mortgages.
There are both private and public investors that buy these notes. Public investors include Fannie Mae, Ginnie Mae and Fannie Mac that are all government supported. Private investors may include banks, thrift institutions and other individual private investors.
The mortgage lender really has a circular pattern, originating loans, selling them to investors and then using that money from the sales to issue more loans.
Many times, you do not even know that your mortgage is going to be sold into the secondary market. However, the mortgage lender should always notify you of this transaction if the mortgage is sold to someone else. If you have questions about this process, you can ask your mortgage lender as to what his or her process is.
So when you purchase a mortgage, then you are working in the primary market. The secondary market is for mortgages that have already been originated by the mortgage lender and they are being bought and sold as investments for either private or public investors. This mortgage process keeps money flowing through the industry and makes more money available to the public to continue property.
2nd Mortgage Lenders
Hi everyone this is your Tampa Bay RealtorLance Mohr.
In this video I want to talk about how tochoose a mortgage lender and that I'm going more specifically go over mortgage brokersversus banks versus credit unions.
Tell you the difference between those.
Tell you the pros.
Tell you the cons and then we're going togo over a little bit about what questions you need to ask the lender to make sure youget a really good mortgage lender for you.
So let me start off talking about differenttypes of institutions where you could get home loans.
Through a lot of times when people think aboutbuying a home they think.
Hey, let me just give my local bank.
Bank of America, Wells Fargo a caller whenthey give my credit union their call or what's the whole thing with mortgage brokers? What's a mortgage broker? How does that work? What's the difference between a mortgage brokerand a bank? The difference between that and a credit union.
So I'm going to go over all this.
Let me first start off with credit unionsand you know I'm just going to give you how I see it because I've been in this industryfor over 20 years prior to being in real estate as an agent.
My prior life was a mortgage banker and that'swhat I did for a number of years.
I'm going to give you things how I see.
I'm not a big fan of the credit union.
I think credit unions are great.
They do car loans that you do checking savingsCDs much like a bank.
They have really really good customer service.
They really care about their members and Ithink that's great.
The problem is I don't really think the trainingthere and I'm a person that really really believes in knowledge.
You know I'm not saying that if you work witha credit union or you know someone works with the credit union in or go through a creditunion.
Not saying this about all credit unions.
I'm using this in a general sense.
They just don't have the best training inthe world.
The other problem with credit unions is thepeople who are doing the loans.
The loan offices the credit union a lot ofthem are strict salary.
If they're not strict salary, their salaryplus bonuses and I'll get to this in a little bit later.
So that's why I'm not really a big fan.
Years ago when I used to be in mortgage banking.
I actually used to go to credit unions.
They were some of my clients to get loansfrom because they didn't have all the knowledge and they were telling people they weren'tqualified because they could not work with them.
Now the good thing about credit unions becausethey are so customer service oriented they would pick up the telephone and say hey Lancewe can't do this loan can you do it? So at least they're going to do that.
Banks? Nope, they're not like that.
This is one of the things with banks.
Banks have a lot of a lot of good advantages.
As a matter of fact, if you're going to beusing bond money.
You're probably going to be using banks.
If you need construction loans you're probablygoing to be using banks but banks like credit unions.
They're a jack of all trades.
They're not a master of one.
They're doing the checking, they're doingsavings, they're doing CDs, they're doing car loans, boat loans you name it.
They're doing anything and everything andwhen you tend to go to the loan officers and a lot of banks not all of them.
So again you know if you work with a bankdon't get mad but I know a lot of people that have worked for banks and what happens isyou they get what's called the foot traffic.
They're not going out there hitting the pavementevery day.
A lot of the loan officers where the banksare just sitting in the bank and just waiting for the business to come to them.
They're not going out.
It's sort of like I always look at our industry.
Are you have the lion and you have the gazelle.
Oh, there are a lot of lions with banks butmost of them are gazelles.
They're sitting back.
Again banks pretty much most of the loan officersare on a salary plus a Bonus.
So you know they're not straight commission.
That's one of the things.
Now when it comes to banks again there aretheir pros.
When it comes to banks you have to understandthat they're only one when lending their money.
This could be a problem if you go in and maybefigure on an FHA loan and maybe that's not really very good in their wheelhouse.
They might tell you well you're not qualifiedfor a loan.
They're not going to say well you could probablyget a loan but you just can't get one through us that's the problem because you're onlyusing their money.
If you're a square peg and they have a roundhole you're going to have a hard time fitting in that and that's the unfortunate thing.
You know there's a lot of fallout.
There’s a lot of people banks tend to wantthe cream of the crop buyers.
If you're walking in with 750 credit scores.
Putting down 20% your salary and employeegreat but what happens if you don't fit into that? You may be working with a bank.
You may not know the thing about banks isthey're generally a little higher on the interest rates than say a mortgage broker but they'rea little bit what lower on closing costs because everybody's in-house and that's the nice thingabout banks is their in-house.
Now I will say this if you are going to usea bank.
If you’re going to use a credit union, ifyou are going to use a mortgage broker get someone local don't go with Wells Fargo andgo to some 800 number or you walk into Bank of America and they say oh let me give youthis 800 number Des Moines Iowa and you're what I am in Tampa or somewhere else.
You want someone local.
Out of sight out of mind.
You want someone if things aren't going yourway you could go in there and pound on their desk and say what the heck's going on.
So just keep that in mind but you know themgenerally everybody's in a localized area.
You'll have your underwriter there.
You have your processor there.
They do have some programs that they havea little bit more flexibility on because they could just decide not to sell that but theymight keep it they might keep it in their portfolio but generally speaking the mainthing I would probably rather choose and I'll get into mortgage brokers in just a littlebit.
Why I tend to like mortgage brokers betterbecause a bank their loan officer is getting paid usually a salary plus a bonus.
That’s the opposite.
So, now let’s talk about mortgage brokers.
Mortgage brokers they're basically prettymuch all of them out there.
It's sink or swim.
They don't get paid unless they find a wayto say yes.
So if you walk in like when I was in mortgagebanking and brokering.
If you walked in and I'm with the broker andyou were on an FHA loan program I'm probably going to have one lender for that.
That it's going to be really really focusedon FHA.
If you're VA you're probably going over tothis later.
If you're on maybe a conventional in a fightfor sit down you're over here.
If it's a 20% down you're over here.
If it's a jumbo it's this linker if you goin and maybe you have low credit scores you're over with this lender right here.
So they don't have just their money.
They have everybody's money now.
I know you go into these brokers and they'relike, we have 50 lenders.
Let’s face it most mortgage brokers willonly use two or three.
They'll probably have five to seven at anyone time but they are very efficient because this is all they do and they don't get paidand unless they find a way to say yes that's why I sort of break it up.
Is there are the lions and there are the gazellesand I would have rather have someone that is on a straight hundred percent commission.
That if they don't find a way to say yes theydon't get paid.
That's a huge motivator.
So there is the thing with a little bit differentlike the banks.
Keep in mind brokers broker out so they'regoing to broker out to a bank.
They could even be broken out to the samebank you're getting the quote from.
It's pretty rare but it could happen but they'regoing to have usually a little bit more costly because they're going to have the underwriterin-house and I mean in-house but they're going to charge for that.
They're going to have the processor that therebeen a charge for that.
So they're going to have a little bit morecost but they get their pricing and wholesale pricing not retail like a bank.
It’s usually going to equal out so there'sand if you're looking at going with bond money you pretty much never going to go with a brokerif you're looking to get in a construction loan.
You're probably not going to go with the brokerbut again it's all about choosing the right broker.
It's all about choosing the right loan officerand you know that's what you need to do.
You need to choose the right person.
So I did a video if you want to know how toget the best interest rate I'll put it up above.
You could look at it but let's go over whatyou really need to do when it comes to choosing a loan officer.
You want to always start off with your realestate agent.
First know maybe you could get a recommendationfrom your real estate agent you could get a recommendation from friends, co-workersbut dig a little deeper.
Don't just get that recommendation.
Ask enough to say why you think this loanofficer is so good.
Why are you referring me to this person? What is it about them that makes them so good? You can also go and take a look at sites likeYelp.
Go to their LinkedIn page check their website.
Read up on them but overall loan officersare horrible at marketing so don't hold that against them.
I know when I was a loan officer I wasn'tthe best marketer in the world.
So you know you definitely want to dig a littledeeper and ask him and then when you're talking to them just like an interview in a real estateagent.
You need to ask them two questions at least.
These two questions why should I work foryou and why should I work for your company? Basically, let them tell you what makes themgood.
Let them tell you why you should be workingwith them.
If they don't have an answer to those questionsyou really have to wonder but you know you definitely talk to your real estate agent.
That's a good source and just make sure theloan officer knows what they're doing.
Yeah I mean feel free to ask them what trainingyou have.
I mean I never got this when I was in a loanoffice.
When I was one officer but I had no problemI don't have it when people ask me.
This is a real estate agent if they're interviewingme or asking about my experience or how long I've been in the business or why they shouldwork with me or what makes my company good.
It's not as important as a realtor but whatthe loan officer it's everything if you go into the better business bureau and they don'thave a good rating.
You really have to wonder if that someonewho you want to work with.
So do these and you're going to be good togo but definitely pick loan officer at the end of the day get someone that you trustto get someone that you know is knowledgeable.
Who's been in the business that you feel hasthe proper training because one thing I discuss in my video? How to get a really good interest rate isit's more about the loan program.
If you're in the wrong loan program the interestrate doesn't matter and if you choose a loan officer that doesn't understand differentloan programs and they put you in the wrong one program.
You could have a great interest rate thatone program but it may not be the greatest interest rate you could get or you need.
If you like these videos give me a thumbs-up.
If you want to subscribe to my channel hitthe subscribe button hit the belly button and you'll get notified of my new videos.
I wish you all the best of luck.
If you're looking for a realtor in Tampa BayI would love to help you.