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Today I have the pleasure of being joined by Lauren Pelfrey, our in-house lender from Pulaski Bank. She’s here to answer a few questions about mortgages that we’ve been getting asked lately, and we’re excited to have her.
Why should you use a local lender?
It’s important to use a local lender because this is oftentimes the most important transaction that anyone will have in their lifetime. It’s especially convenient to use a lender that’s in the same place as your agent because you can come meet with Lauren, in-person, each time you visit us.
Why is a pre-qualification letter important?
Before you get approved for a loan, you’ll need a pre-qualification letter. This is where your lender will speak with you, get all of your financial information, and let you know what kind of home you can qualify for. They will pull your credit scores, income, and more to make sure you are looking for homes at a price point that you can comfortably afford.
Why do you need to get a pre-qualification before looking for homes?
When you get a pre-qualification letter before you start looking at homes, you are setting yourself up for success. Lauren has often seen people start looking at homes first, then end up disappointed when they find out that perfect home they found isn’t in their price range. Getting this done up-front will save you a lot of time and stress, and makes the process a whole lot smoother.
How do Lauren’s rates compare to national lenders?
Yet another benefit of using a local lender is that they can oftentimes get you lower rates than the national banks. They keep their overhead costs down, so their rates are often better. They can save you money on closing costs as well.
Thanks to Lauren for joining us today. If you have any questions for us, don’t hesitate to reach out. We would love to hear from you via phone or email. Talk to you soon!
Why should you use a local lender?
It’s important to use a local lender because this is oftentimes the most important transaction that anyone will have in their lifetime. It’s especially convenient to use a lender that’s in the same place as your agent because you can come meet with Lauren, in-person, each time you visit us.
Why is a pre-qualification letter important?
Before you get approved for a loan, you’ll need a pre-qualification letter. This is where your lender will speak with you, get all of your financial information, and let you know what kind of home you can qualify for. They will pull your credit scores, income, and more to make sure you are looking for homes at a price point that you can comfortably afford.
Why do you need to get a pre-qualification before looking for homes?
When you get a pre-qualification letter before you start looking at homes, you are setting yourself up for success. Lauren has often seen people start looking at homes first, then end up disappointed when they find out that perfect home they found isn’t in their price range. Getting this done up-front will save you a lot of time and stress, and makes the process a whole lot smoother.
How do Lauren’s rates compare to national lenders?
Yet another benefit of using a local lender is that they can oftentimes get you lower rates than the national banks. They keep their overhead costs down, so their rates are often better. They can save you money on closing costs as well.
Thanks to Lauren for joining us today. If you have any questions for us, don’t hesitate to reach out. We would love to hear from you via phone or email. Talk to you soon!
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