About Power Mortgage
Learn More about Your Local Lending Experts
Why Choose Power Mortgage
We have built a strong reputation as an outstanding mortgage company, serving the lending needs of real estate professionals, builders and individual homebuyers throughout the state. We're a full service mortgage banker with an experienced staff offering expertise in every area of mortgage lending...from purchase to refinance to construction lending. We have access to a full range of mortgage sources and all of our lending specialists are dedicated to finding the right loan-with the best rates, terms and costs-to meet your unique needs. But, that's just the beginning of our service.
If you have dreams...we have the solutions.
Tips for Choosing a Local Mortgage Lender
It can be hard to choose a mortgage lender to help you make one of the most expensive purchases of your life, especially because you want to get the best deal possible. There will always be a few hidden gems out there if you can find them, but sometimes it's like searching for hidden treasure. To help you out we're going to look at the best tactics you can use in order to come out on top.
When trying to choose a mortgage lender you should start by speaking to someone you know. Do you have friends, neighbors, or family members who have moved homes in the last few years? The reason you should always start your search by asking people you know is because you can trust them completely, but they can also save you a lot of time too. There is also a chance they might save you by making sure you stay clear of a particular company in case they also had a bad experience.
A reputable lender will bend over backwards to help you, and your real estate agent will know who these lenders are. Real estate agents and lenders work together frequently. Accordingly, your agent won't send you to a lender who has a reputation for treating customers poorly. If you have an honest real estate agent, which you will have if you chose them carefully, they will send you to the best lenders they can think of. Use this to your advantage to try and save a few extra dollars.
Buying a home is a big deal, and if something went wrong after you took out your mortgage it could leave you in financial ruin. That is why nobody should feel self-conscious about asking important questions and researching the experience of who you choose to use as your lending resource. Although you might feel a little silly, everyone will know you're only trying to protect yourself. Sit down and interview the person working with you, and ask them if you can get a few references.
If you're lost in your search for a company willing to give you a good deal on a mortgage, you always have the option of working with a mortgage broker. Mortgage brokers have various lending channels and sources and can often get you a better long term financing deal versus going through a bank or credit union with limited resources. They can actually be very helpful and save you thousands in the long run even though you may have to pay a little more upfront.
A lot of people are under the impression they have to choose a company they already have a relationship with, but nothing could be further from the truth. You might be able to get everything you need from the lovely people near your home, but if you looked around you might find much better deals. Before you start comparing different rates it's worth doing a little research so you know exactly what you're looking for.
Now you know the best ways to choose a mortgage lender who will give you the best deal possible, but finding one is a lot harder than talking about it. You should always take your time and avoid rushing things at all costs, because it's better to find out something isn't right before you sign your life away. If you follow the steps we've talked about I'm sure everything will be fine.