Greetings, homebuyers! If you've been following our three-part series, you've embarked on a journey to demystify the intricacies of the home loan process. Today, I'm joined by the insightful Michele Linehan, Senior Mortgage Loan Originator at Centennial Bank, to delve into what sets her bank apart and to answer some burning questions you might have about the mortgage lending experience. Check out the other blog posts on tips for your home loan application and the application process.
[Read the blog and get more details in the video on Youtube]
Differentiating Factors: Smaller vs Larger Banks
One question that often looms large in the minds of homebuyers is, "How is working with your bank different than working with larger banks?" Michele sheds light on this, emphasizing a personalized touch that larger institutions might lack. Clients frequently express frustration with the impersonal nature of some banks, where speaking to the same person twice seems like a distant dream. Make sure you ask the same question to whoever you choose to work with.
Client-Centric Approach: The Local Bank Difference
Building on this, we explore how clients do business with Michele. She addresses concerns about the notorious banking carousel by ensuring that clients have a consistent point of contact. Discover how the process of signing documents is streamlined for efficiency and convenience, creating a more seamless experience for aspiring homeowners. There is an app for that--most banks have online applications for loans as well as apps to take you through the process.
Navigating Loan Servicing: What You Need to Know
Loan servicing can be a daunting concept, but fear not – Michele breaks down the intricacies of how it works. Understanding this facet of the mortgage journey is crucial, and Michele provides insights that empower buyers to navigate the landscape with confidence. More than likely your loan will get sold to another corporation, but there is a limit on how many times you have to change who to make your check out to.
Timely Closings and Potential Delays
In the fast-paced world of real estate, timing is everything. Learn from Michele how buyers can ensure their loans close on time. We also touch on current market conditions, addressing whether there are any prevalent delays in the mortgage approval process. The most important thing a buyer can do is stay in constant communication with their lender. Get all documents they request back to them in a timely manner.
Special Programs and Final Takeaways
The conversation wouldn't be complete without exploring special programs that might benefit homebuyers. Michele shares valuable information that could make a significant difference in your homebuying journey. Everyone from Veterans, teachers, EMTs and more can benefit by simply asking, what programs to do you have that would benefit me?
Wrapping Up Our Three-Part Series
As we bid adieu to this three-part series, we hope you've gained invaluable insights into the realm of mortgage lending. If you missed any of the previous videos, don't fret! You can catch up on the comprehensive details about the home buying process in our dedicated video.
Should you have any lingering questions or crave more personalized advice, Michele and I are just a click away. Thank you for joining us and have a blessed day.
