Tips for Finding a Great Mortgage Professional

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  • Finding an excellent Mortgage Professional is critical for your home purchase to go smoothly. Here are our best tips for finding the right fit.

    Finding a Mortgage Lender you can Trust

    Don’t automatically choose the lender with the lowest rate.  You need a professional who can advise you on the best loan for you, otherwise you’ll end up spending more over the long term because you got into the wrong loan.

    • Get a recommendation. The Buyer’s Agents we recommend have exceptional Mortgage Professionals that they use.
    • Someone who has 5+ years experience.  Lenders learn “on the job” so you want someone who has the experience needed to advise you properly.
    • Find a professional who specializes in the type of loan you want.  Someone who works with a lot of first-time buyers is usually best.

    We call them Mortgage Professionals, but you’ll also hear them called Lender, Mortgage Lender, Mortgage Broker, or Loan Officer.

    • Someone who has a physical place of business. An online lender can easily avoid your phone calls and emails if you have problems!
    • Someone who acts like a professional. Don’t work with someone who doesn’t t take this process seriously. They will be helping you with the largest purchase of your life.
    • Avoid newspaper and radio advertising.  These lenders often promise a low “teaser” rate that you later find out you can’t get.

    Low rates in newspaper ads or on the radio can be a “bait and switch” trick just to get you in the door.

    • Work with someone who is genuinely interested in educating you about your options. A professional will help you even if you don’t qualify right now.
    • The right Mortgage Professional should educate & advise you from the first conversation, not pressure you in any way.

    A good Mortgage Professional is like a good doctor. They’ve seen everything & you can tell them anything you’re worried about.

    Use our download Interview Questions to Ask a Mortgage Professional to help you with questions you should consider asking.

    Thinking of buying a home in the Portland, Oregon area? Checkout our First Time Home Buying Classes!

    Tips for Finding a Great Mortgage Professional was last modified: May 1st, 2018 by David Axness

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