Are you using a local lender or one of those nationally advertised mortgage companies? We have all heard the term “shop local” but what about your Mortgage? Garden State Home Loans is a local company with roots in the communities we serve.
1. Local Lenders have local connections.
When putting in an offer on a home, the listing agent will take your mortgage lender into consideration. Real estate agents often have preferred lenders that they’ve built strong relationships with, so going with a local lender boosts the chances of having your offer accepted!
2. A more personal experience.
Local lenders thrive on maintaining a positive reputation in their community, so providing you with excellent service is crucial to their business. This means you can expect a more personalized experience when working with a local lender.
3. Extensive knowledge of the area.
A local lender is going to know more about your specific area than an online lender ever will. They’ll be able to inform you about what programs are available to you on both a federal and state level.
4. More accessible than an online lender.
When obtaining a mortgage, there will likely be situations where you need to reach your lender immediately. Having your mortgage advisor’s direct number eliminates the frustration of going back and forth with call centers that know nothing about your loan- which is exactly what will happen with an online lender.
5. You’re helping out your community!
If you’ve been looking for more ways to support local businesses, then this is the perfect opportunity! Choosing a local lender to secure your mortgage is a fantastic way to invest in the community that you’ll be living in.