Issue link: https://www.e-digitaleditions.com/i/1497871
88 | SIGNATURE MONTANA SIGNATUREMT'S REALTOR ® TIPS With a world of online options at your fingertips, why should you work with a lender in-person when you are buying your first home, moving again, or refinancing? Here are a few benefits of working with a local lender. An in-person lender understands the rules of where you are buying your home. Different states have different rules when it comes to taking out a mortgage. When you work with lenders in-person, you know they are licensed in your state, have passed state-specific tests, and are experts in your area. In-house underwriting means easier transactions. When you work with a lender in-person, you know that any questions you have are answered immediately rather than being pushed through several channels. e lender also can keep you updated on where your loan is in the process and what may be coming up. is expedites the process and makes the experience smoother. You know you are applying for a loan. When you apply for a mortgage online, you may not be applying for a loan at all. You may be feeding your personal information into a database where it is sold to loan officers, mortgage brokers, insurance brokers, and other sales people. Rather than receiving a phone call from one company, you may find yourself fielding phone call aer phone call. If you choose an online mortgage, ensure you are working with an actual mortgage company. It is in your best interest to watch your interest rates. Online lenders oen approve people with lower credit scores than traditional lenders will. Taking out a mortgage you cannot afford is never a good idea. Lower credit scores lead to higher interest rates. An honest and transparent in-person lender may help a borrower who should put off purchasing a home to stay financially secure. Geing a loan is personal. You want to work with someone who knows you, understands your needs, and stays with you every step of the way. When you work online, you send an email and wait for a reply. Nothing about that suggests you have access to someone who understands your needs now and who understands your needs when they change. Having the ability to call your loan officer directly or sit down and meet face-to-face can help you understand that your loan isn't just personal to you, it's personal to the professional with whom you are working. You are part of a team. Why Work With An In-Person Lender? Doug Spence Mortgage Loan Originator/Certified Military Home Specialist License: MT 1399677; NMLS 1399677 Email: dspence@ulc.com | Website: www.ulc.com/dspence Direct (406) 306-0803 | Cell (206) 992-4749 1601 2nd Ave N, Ste 618 Great Falls, MT 59401 Branch ID 2054000 | Corp NMLS 2996 UNIVERSAL LENDING: Regulated by the Division of Real Estate Universal Lending Corporation, NMLS # 2996 S MT Why Work With An In-Person Lender?