Those who have made the ultimate sacrifice for our country deserve the opportunity to live in a home they’ve always dreamed of. That’s why we’re committed to providing competitive VA loans to veterans. The best part? It’s typically easier to qualify for VA loans than conventional mortgages, and with help from our expert loan consultants, we’ll make the process even easier. If you’re interested in a VA Loan in the St. Louis area, just check out the four-step process below.
1. Pre-qualification and Pre-approval
Getting prequalified and approved is a simple but incredibly important step in the process. Pre-approval typically involves providing and verifying information that you already have, such as your home buying intentions, income stability, and tax records. Don’t worry – even if you don’t get prequalified and approved, you can still make an offer and sign a contract on a home.
2. The Contract
Once you’re prequalified and approved, you can start the part you’ve been waiting for – looking at houses. After pre-qualification you’ll have a better idea of an affordable monthly payment, allowing you to look at properties that best fit your budget. After finding the home you want, work with your real estate agent to draw up a contract that takes full advantage of your VA loan benefits, including having the seller pay for mortgage related closing costs.
Now that you’ve got your contract figured out, we’ll work on the appraisal process. Although appraisal isn’t the exact same thing as a home inspection, it’s pretty close. We’ll take a look at the home you’re interested in to check the condition and determine if the price is comparable to the market. That way you can talk with the seller to either lower your purchase price or have those repairs completed.
4. Close It
Now this is the step you’ve been waiting for. Once we’ve completed everything else, you’ll finally have the chance to close the purchase of your new home. After a final walkthrough and verification of some financial documents, you’ll be ready to start the hardest, but most rewarding part of all – moving in.
If you’re a veteran looking for a home in the St. Louis area, Liberty Lending can be a priceless partner during every step of the VA loan process. If you want more information on getting a VA loan in St. Louis? Fill out our form or give us a call at 314-336-9111.
At Liberty Lending Consultants, we offer FHA loans with competitive rates. Unless you have a background in finance, banking, or lending, you may not know exactly what FHA loans are. There are many types of loans with specifications that appeal to different borrowers.
FHA stands for Federal Housing Administration. The FHA is a governmental agency that facilitates financial support within the mortgage market, as well as improve housing standards and conditions. If the borrower for some reason is not able to pay back the loan and defaults on the mortgage, the Federal Housing Administration will protect the lender from some of the financial damage. This way lenders are able to give out loans to those who may not have qualified normally. FHA loans provide more access to housing to a wider population of people. These loans were designed in 1934 to help stimulate the housing industry.
FHA loans are beneficial to a number of people. First-time homeowners are a primary target for these loans because oftentimes they are young couples that haven’t saved up enough for down payments or established a good credit score yet. Borrowers are allowed to have credit scores as low as 500 depending on the specific loan. People who have suffered from financial issues in the past often take advantage of FHA loans as well. While each person is evaluated on a case by case basis, many people who have suffered a foreclosure, bankruptcy or a major hit on their credit score are still able to receive an FHA loan. Basically, just about any reliable borrower, seriously looking to enter the housing market is a good candidate because FHA loans are there to help and support.
Liberty Lending is proud to be an FHA loan lender in St. Louis, Missouri because we know that past mistakes or just lack of experience should not automatically disqualify people from housing. While the specific benefits and rates vary from lender to lender, we do our best to stay competitive. Some benefits of getting an FHA loan with us include getting to have a cosigner, 3.5% down, fixed rates for either 30 or 15 years, and the closing costs getting included in the loan amount potentially. To find out more, contact us here.
When you are buying your first home, there are certain things that you will need your mortgage lender to offer. First time buyers often need more assistance than those who are already on the property ladder. The following tips can help you find a mortgage lender that will be able to meet all your needs as a first time buyer.
1. Review Your Credit History And Score
Your credit score and history are really important pieces of information that St. Louis mortgage companies will use in assessing your application. It is a good idea to review these before you make your application so that you can see what the lender will see when they are looking at your application.
One of the most important things to check is your debt-to-income ratio. This will play a large part in determining how much lenders are prepared to let you borrow. Just because you could be offered a certain figure, this doesn’t mean that it would be affordable and so this is something to think about.
If your credit score is lower than you would like, then there are things you can do to improve it, so don’t panic too much.
2. Ask About Programs For First Time Buyers
Some lenders will work with state agencies to offer programs that can help first time buyers. You may be offered a discount on the rate or assistance with the down payment. They may be available to you if you are a veteran or public servant, or if you have student loans.
The programs are often marketed by state agencies for housing and finance, but this doesn’t mean that you won’t be able to use the services of St. Louis mortgage companies. Many of these loans are actually managed by just this type of company.
3. Choose A Lender That Offers Government Backed Home Loans
You may also find that you qualify for a program that is offered by the government. Depending on your circumstances you could receive a loan from the Department of Veteran Affairs, the Federal Housing Administration or the Department of Agriculture. The requirements to qualify for one of these loans are often relaxed, so it is more likely that you will be accepted.
VA and USDA loans often do not require you to make a down payment. You will have to make a 3.5% deposit with a FHA loan, but this is lower than you would get with other lenders. All three of these loans will also have a lower minimum credit score that is needed to be accepted. The downside is that the total amount you can borrow also tends to be less than other lenders. Your monthly payment is also likely to include mortgage insurance and this can make it higher.
4. Compare Interest Rates And Other Financial Details
There are many rate comparison tools that you can use to see what rates different St. Louis mortgage companies are offering. While looking at APR can be a useful basis for comparison, it is not all that you need to think about.
Most mortgages will come with fees for various aspects of the application, and these should also be compared. These can vary quite considerably between lenders and so you should always ask for a full list of all their costs. If they try to explain it to you verbally, then you can always ask for the information in writing. This is often the best option because it ensures that nothing is forgotten about.
If you feel as a lender is trying to push you into a decision, then this should be a warning sign. You need to be given enough time and space to think everything through, and a good lender will respect this.
5. Get Pre-approved Before You Start Looking For Houses
Lenders will often give you pre-approval which means they will give you a figure that they will be prepared to lend you. It is a good idea to have this in place before you start looking for a property so that you know what your budget is. You will also get some idea of what your mortgage repayments will be.
You may be able to get pre-approval from lenders without having to visit their office as they will allow you to upload digital documents. However, others will want to meet you face to face. When you are choosing a lender you may want to take into account whether their criteria for pre-approval will work with your schedule.
If you have a low credit score, or your income is inconsistent, then this could be a barrier to you getting pre-approval. Many lenders can work around this though, so it is always worth asking if there is anything they can do to help.
Buying a home isn’t a solo endeavor. As much help is necessary at every step of the way, closing the deal on your dream house requires someone with a special skill set: a broker. Aside from the fact that it’s their job to help you get the best deal, brokers can offer much much more.
They’re paid to help you
Brokers don’t get paid until you close the deal on a house, so they’re just as incentivized to sign on the dotted line as much as you are. If they don’t make sure your closing process goes as smoothly as possible, they won’t make enough to buy a dream home of their own. So no matter what happens, remember they’re focused on making things happen for you.
They’ll get to know you, and more importantly, know what you want
Buying a home can be a long process and a broker is there every step of the way. That means they’ll spend a lot of time learning who you are as a person. When you’re making decisions this big, it’s important to work with someone who knows what you like and dislike.
They save, save, and save some more
Saving money is helpful, especially on a purchase this big. But brokers can save you a lot more than money. Since they handle every step of the process, they know how to save you time and energy. And those are the last things you want to waste when you’re getting ready to move into a new place.
They know their stuff
No one expects you to know everything about buying a house. But that’s exactly what a broker gets paid to do. They’re experienced in everything from examining your finances to the details of intricate contracts, so they’ll be a helpful resource throughout the entire process.
They’ll work as hard as you have
Brokers know that you’ve put a lot of time and effort into finding where you want to live, so they won’t take it easy, even when you’re close to the finish line. They’re prepared to do all the legwork – negotiating with loan managers, filling out stacks of paperwork, and paying attention to the smallest of details – so you don’t have to.
At Liberty Lending Consultants, we’ve got a staff full of brokers who are ready and able to help you achieve both your financial and home-ownership dreams. We’re prepared to work hard to get you the lowest rate possible and earn your trust. If you’re looking for more information, fill out our online form or call (314) 336-9111.
We at Liberty Lending Consultants have made it our mission to aide as many customers with their mortgages and enable them to achieve their financial goals and dreams, by helping them figure out the most cost-effective methods regarding their closing costs.
We provide St. Louis home loans and have been for the past several years – where we have helped thousands of customers achieve their financial dreams. Our main goal is to provide our customers with financial help regarding their commercial or residential lending needs. It does not matter what the interest rates are, we at Liberty Lending Consultants are St. Louis mortgage lenders and brokers that are here to get the rate you need. It is due to this unwavering commitment that we are often the choice for those who are seeking to buy their second home, investment or commercial property, or to help them close on a refinancing loan. There are several mortgage lenders located in St. Louis, and that is why we are so grateful that you have come to us.
Here at Liberty Lending, our number one goal is to help all of our mortgage customers save money by keeping their closing costs as low as possible while they are seeking their loan. It does no matter if you are trying to buy your first home, your second home, an investment property, or commercial property – we have a wide variety of loan options that are suitable for your every need.
Liberty Lending St. Louis home loans are the best option for you to go with because we do our very best to make the loan process as simple as it can be on your end. Our jobs are to do the heavy lifting regarding the whole process, so you can focus on the more important things – packing up to move, saving your money, or making plans for your home equity line of credit. We at Liberty Lending Consultants want to handle the difficult, more time-consuming aspects of the process to make it easier for you.
Liberty Lending an offer you a variety of loan types – VA, FHA, USDA, or conventional home loan – that best suit your desires and needs.
Your first goal with us should be to get pre-approved for the loan. This is especially critical if you want to successfully buy a home in today’s market. Luckily, our mortgage professionals are here to guide you through the entire process and can show you how simple and easy the entire process of getting the loan can be with the right help. This is where you want to start, because not only does it signal to the sellers that you are very serious about the home that you want to buy, but it also tells you how much money, down to the exact dollar, you are able to borrow. The more information you know, the better informed your decisions will be. Also, having all of this information readily available will also not only prepare you to make better decisions, but also give you more room to negotiate when it comes down to signing the contract for your new home. Once you have gotten to this step, that is where we at Liberty Lending will take over.
Our financial and lending professionals have won several awards for their dedicated service, so that is how you will know that we will do our very best to find you a loan that fits your needs. We know that there are several options available to you, no matter your budget, and so part of our services is that we will thoroughly research all of them, and then discuss them with you in great detail so you can make an informed decision. We will help you reach that decision as quickly, and with as much information as possible.
If you want to discuss any options you have regarding a commercial loan, cash-out home mortgage refinancing loan, or a second mortgage we at Liberty Lending have expert professionals who specialize in each area to give you the best possible advice.
15 Year and 30 Year Fixed Rate Mortgages
-Do not worry about your interest rate increasing over the years.
-Your monthly payments will stay exactly the same for the length of the loan.
-You will be protected from any “surprise” changes in your (monthly) mortgage payment.
-This is a great choice for people who are planning to stay in the same home for an extended time period.
-Your payments are low during the early years of your loan.
-This is a great option for anyone who plans to move within a few years.
-The initial interest rates are generally lower than anything you would get on a fixed-rate mortgage.
-There are interest caps placed on your interest rates so that your rates are limited in how much they can increase.
-The interest rate will change over time, based on the prime rate of the financial index.
-This is one of the most affordable home loans based in the St. Louis area.
-An amazing option for low-income home buyers.
-Down-payments on homes can be as low as 3.5%.
-There are no prepayment fees needed.
-Very popular with first-time homebuyers.
-We offer 100% full financing to those who qualify.
-These loans are guaranteed for (eligible) veterans, surviving spouses of veterans, and active duty personnel.
-Generally little to no down payment is required.
-Requirements regarding credit are a lot more lenient in general.
-If you want to learn more about the St. Louis loan process, please go to our online application and complete it. It is available 24 hours a day for your convenience.
Working with Loan Officers You Trust
We at Liberty Lending make it our mission to provide the best service we can to all of our customers.
Remember – we offer a wide range of services that include in-house underwriting, closing, and processing so that we are fully appraised of all of your mortgage needs.
We offer a great range of mortgage products and have been A+ accredited by the Better Business Bureau based on our customer experiences.
Come to us today for your St. Louis home loans. We are St. Louis mortgage lenders that are sure to get a quick pre-approval and an easy close.
Even if you’re ready to sign the papers and close the deal on your new dream home, it’s important to make sure one more thing gets done: the home inspection. Why get a home inspection BEFORE buying the home? While it might seem like overkill, getting a home inspection performed can help you avoid five pretty major mistakes moving forward.
1. Losing Leverage
The information you learn during a home inspection can help make sure that you have leverage when negotiating a deal moving forward. If you didn’t know that information before, it become more difficult to get the deal that you deserve.
2. Making Up Your Mind Too Fast
When you think you’ve found the perfect house, it’s easy to lose sight of some important details. A home inspection is a perfect chance to slow down and really make sure that you’re making the right decision. If your home inspection comes back with positive results, you can probably take that as a good sign that you are making the right choice.
3. Spending Too Much
Yes, moving into a new house is expensive. But it shouldn’t be more expensive than it has to be. When you spend a little bit in the present on a home inspection, you’re getting information that can help you save money on major repairs down the line.
4. Not Knowing What You’re Getting Into
When you’re looking at a new house, it’s pretty easy to see most of what you’re getting. That said, a home inspection can find everything that’s out of sight. Instead of not knowing exactly what you’re buying, a home inspection provides all of the necessary details.
5. Missing Things That Need Repair
When you move into a new home, you shouldn’t have to take care of problems that were the responsibility of the previous owner. Instead of haggling over who is responsible for fixing what, a home inspection is the most official way to determine what’s wrong and who is going to pay to fix it.
Want more information on home inspections and the home buying process? At Liberty Lending, we’ll prepare you for every step of the home buying process. Fill out our form or call today (314) 336-9111.
The post Why Inspect? Check These 5 Reasons and You’ll Come Correct! appeared first on LL.
If you’re a veteran, you’ve probably heard of VA loans. But do you know exactly what it takes to get one? And what the benefits are when you do? Here at Liberty Lending, we’ve got years of experience providing veterans in the St. Louis area with VA loans, so we know how to break it down. Here’s the formula for VA loans:
Service Record + Credit Score + Income Level = No Down Payment, 100% Financing and Great Fixed Rates
Let’s explore how everything comes together. First, this is what goes into a VA loan.
When applying for a VA loan, one of the first things you’ll need to provide is your proof of discharge. Your benefits might vary based on how many years you served and the rank that you achieved.
Next you’ll need to provide your credit score. To qualify for a VA loan, you’ll need to have a score of at least 620. Don’t worry if you’re not quite there – we’ll not only help you explore other options but give you tips on how to improve your score for the future.
Your income level will also help determine the exact terms of your loan. To prove your income, you’ll need to provide a W2 along with recent pay stubs.
Once you’ve got all of these things together, it’s time for the best part of a VA loan – the results.
No Down Payment
One of the best benefits of a VA loan is something it doesn’t require – a down payment. This makes it easier for veterans in almost any financial circumstance to finally move into the home of their dreams.
When you qualify for a VA loan, it’s the only loan that you’ll need. Not only does that make things less complicated, it most likely means that you’ll end up with a better overall deal.
Great Fixed Rates
One of the most important parts of any loan is your rate. VA loans are set up in a way that makes sure veterans have access to rates that won’t change over 10, 15, or 30 year periods. This helps with both long term budgeting and overall savings.
When it comes to VA loans, it might seem like there are a lot of moving parts. But when everything comes together, the sum is something that can benefit those who have made the sacrifice to serve our country. At Liberty Lending, we’ve always been committed to helping these courageous men and women in the St. Louis area get the best results from their loans. If you’re looking for more information, fill out our online form or call (314) 336-9111.
The post Need a VA Loan in St. Louis? It’s as easy as 1, 2, 3! appeared first on LL.
When applying for a loan, it can be difficult to get the information that you need to narrow down your options. Even once you’ve determined the type of loan you need, such as a USDA loan, the questions about qualifications can seem endless. Here at Liberty Lending, we want to make the mortgage process as clear as possible. Our highly-trained consultants are always ready to have a conversation that can help you figure out what works for you. If you’re interested in a USDA loan, here’s how a conversation with us might go:
Homebuyer: So I think I’m finally ready to buy a home. Can you help me figure out this whole loan situation?
Liberty Lending: Congratulations! And of course – it’s something my colleagues and I have years of experience doing.
HB: So I’ve heard a little about USDA loans. What exactly are they?
LL: United States Department of Agriculture loans are loans provided by the federal government for people looking to buy homes in suburban and rural areas.
HB: How do you qualify for one?
LL: First and foremost, the house you’re looking to buy has to be located in a USDA eligible rural area.
HB: Uh, can you help me figure that out?
LL: That’s exactly what we’re here for. You’ll also need to have an income lower than $75,000/year per household that’s also up to 115% of the median income in the area, which we can help you determine. Finally, you’ll need a reliable credit history or credit score of at least 620.
HB: I think all of those apply to me. But why would I want to do a USDA loan instead of a conventional one?
LL: Both loans have their benefits. But if you meet the requirements, a USDA loan is definitely worth it. One reason? No down payments.
HB: Wow, I can’t argue with that. What else is good about a USDA loan?
LL: 100% financing and the ability to roll in your closing costs can be incredibly helpful. Beyond that, awesome 30-year fixed rates mean that you can lock in a low monthly payment that you can budget for, year after year.
HB: This keeps getting and better. I think I might have some friends that could benefit from this too. How can they get in touch?
The post Everything you wanted to know about USDA loans but were afraid to ask appeared first on LL.
St. Louis has become known for its competitive housing market, due to its amenities and affordability of living. Many of its residents are always looking to buy a home in one of the infamous St. Louis communities that are perfect for raising families. Liberty Lending St. Louis mortgage company is such a place that you can go to achieve that goal. Our loan officers help each customer out individually to meet their goal by handing out over $1 billion in loan options. It doesn’t matter if you are refinancing a loan option or buying a new home, our customer service is designed to work directly with you to get the loan you need to get your dream home in St. Louis.
The number one goal of Liberty Lending St. Louis is always to save you money – so our loan officers are trained to give you the lowest, fixed-rate mortgage that you can receive based on your individual needs. We are a unique mortgage company, in that we constantly monitor our rates to make sure that we always provide you with the most updated, low-interest rates we can. The St. Louis housing market is hot and booming, and we understand more than anyone that efficiency and transparency to homeowners is paramount. To that end, we are always open and upfront about our mortgage interest rates to potential customers.
Throughout the entire process – from underwriting to closing – the personal loan officer you are assigned will help you find the best mortgage for your needs. We have streamlined this process to ensure that you receive expert service from someone who knows everything about your situation and can fulfill your needs. Allow Liberty Lending St. Louis to advocate for you while finding the best loan rates for your new home or refinancing your current loan.
Home Buyers – First Time
As housing has become more affordable and with St. Louis providing a great quality of life, enjoy choosing between one of several great neighborhoods to settle down in. If you are a first time home buyer, do not fear – we will provide you with a personal loan officer who will stay with you throughout the entirety of the loan process and ensure that you are with the best loan program that fits your needs. We have sixteen years of experience in the St. Louis housing market, which gives us an edge over our competitors while helping you find the best financial options for your new home.
The interest rates in St. Louis housing are at an all-time low, so if you are thinking about refinancing, you should do it now. If you refinance your loan with us, we will be able to help you lower your monthly payments, receive money for home improvements and/or college loans, or pay off any bills you have. Our loan officers are here to work directly with you in finding the best loan program to meet your needs, and with low-interest rates to boot!
We at Liberty Lending St. Louis know that each client is bound by a unique set of circumstances, so we process each loan individually. We will help you decide the best course of action via lowering your monthly mortgage payment, getting money out of your home, or both! Whether you want to buy a new home or refinance your current home, our main goal is to provide you with the proper information and process to do so.
Liberty Lending Consultants also pledges to help each customer not only achieve their dreams with their house purchase but also save money on their closing costs.
As a mortgage broker in St. Louis who has helped thousands of customers over the years, we have never wavered from our pledge to help find every one of our customers a solution for their residential or commercial lending needs. No matter what the current mortgage rate is, we have always been committed to getting you the rate that you can afford. Because of this commitment, we have seen many first time clients turn into repeat clients – whether they are buying another home, refinancing their loan, or buying an investment or commercial property.
We at Liberty Lending Consultants have pledged to help you meet your financial dreams while also saving money on your closing costs – whether you are buying an investment property or your first home. We will always have many lending options for you to choose from.
Home loans can be granted to you via several different methods. This can include institutions such as credit unions, lenders, and banks – that are more commonly known as direct lenders or St. Louis mortgage lenders. This allows them to make direct loans to individual people. You can also get a residential mortgage loan from a mortgage broker. A (mortgage) broker is someone that acts as a conduit between yourself and a (mortgage) lender – they are not giving you money themselves, but helping you find the best possible loan that fits your budget and needs. They are there to not only make the process of obtaining a loan simpler but also to help you find different types of lenders to choose from.
Regardless, there are two different ways to receive a loan – either by going through a broker or a lender. Each individual method has its own advantages and disadvantages.
Continue reading to learn about the process of working with a (mortgage) broker and see if that is the right step for you.
Mortgage Broker – What is it?
To put it simply, the purpose of a broker is to work not only with you but also for you with other real estate financiers to find a lender and rate that fits your budget and needs. Your broker can be an independent broker, or they can work out of a brokerage firm.
Whether you choose an individual broker or a broker that works from a brokerage firm, they will perform “comparison shopping” for you – something that is easier, as they will have already established a working relationship with several different lenders. Instead of spending several hours researching the different types of loans you can apply for, the broker will do it all for you, finding the best one that suits your needs.
More than likely, they will also be able to access wholesale mortgage lenders – lenders who will work with brokers, not consumers (you). They will offer wholesale rates, not retail rates – which are lower. This is a great reason to go with a broker, as you will more than likely save money.
For their services, brokers charge broker fees and origination – generally due when you close on your new home. These fees are generally a percentage of your loan, not a separate fee. Also, these fees are usually added to the wholesale rate, not the retail rate.
Remember – a broker is not a loan officer. A loan officer is someone that works for a lender, an institution. They are considered to be an official “go-between” for you and the institution.
Brokers are similar to loan officers, as both are licensed and regulated closely. Not every state requires a broker to be licensed, but most of them do, and the requirements are different for every state.
Mortgage Lender – What is it?
The following institutions are considered to be mortgage lenders – banks, mortgage companies (Quicken Loans, Lending Tree, etc), and credit unions. Each sets its own rates and loans.
Some mortgage lenders contain wholesale and retail divisions – but wholesale divisions only work with brokers, not consumers.
It is a quicker, easier process for you to work with a broker, as different lenders have different qualifying standards and loan options, that you as the consumer would have to research and decide between in order to get the best deal.
Advantages of Brokers vs. Lenders
The biggest advantages of working with a broker are:
-use the broker’s knowledge to find the best loans available
-brokers can comparison shop for you
-a broker can apply for several different loans on your behalf
-a broker can access the wholesale mortgage rate for you
The broker you choose should be thorough and ask you about the following – the type of loan and home you want, what your budget is, and your credit. This is an individualized process that needs many different types of information in order to not only find what you are looking for aesthetically but also the best deal that you can afford.
To meet with a broker, you should have your latest pay stub, bank statement, driver’s license and/or bank stub, your most recent tax return, any recent credit card statements, and any other loan statement that you can think of.
Once your broker has this documentation, they can immediately start working on finding the best rates and the best loan for your budget.
Brokers and (Lower) Credit Scores
If you are someone who has a lower credit score, then working with a broker means that they will be able to help you find lenders that are willing to work with you, despite your credit score. Not only that, but your broker will also know which loans and rates to avoid, and which ones that will help your credit score.
This does not mean that without a broker you won’t find a lender, but it will definitely be an easier process – particularly if you are not having any luck finding a lender yourself.
If you do not know what your credit score is, you can view it here at Credit.com.
Which Should I Use – Broker or Lender?
This decision is down to your preferences and needs – if you feel you can (or want to) save time in the process, then use a broker. If you can research the types of loans and rates via each lender on your own, then go directly to a lender.
Always ask your mortgage company if they are a lender or broker – in today’s world, this is not always clear. Also make sure that they are appropriately licensed. You should be able to research the company via the Better Business Bureau, National Association of Mortgage Brokers, Consumer Financial Protection Bureau, NMLS website, and also speak to friends and family about their experiences.
Whichever you choose, make sure to find a lender or broker that you trust, above all.
Finding a Trustworthy Mortgage Professional
To find a lender or broker that you trust, you should first get some referrals from friends and family who have loans. Ask them questions – ask them about how they were treated and their experiences.
Were they treated fairly by the lender? Did the lender make promises that they did not keep regarding their rates? Were there any undisclosed or hidden fees they found out about later? Did the broker or lender respond to questions or problems in an appropriate amount of time?
Check out their loan documents and compare them to see if the Good Faith estimate and the loan document fees match up.
Also – question your broker or lender about their industry experience. It is important for you to be informed about their level of knowledge, integrity, experience, service commitment, and professionalism.
Can your broker provide references? Can they elaborate on their professional experiences as a broker? Can they name some of their top lenders? How long will they take to respond to questions and/or messages? How do they process their fees – upfront or at closing? What makes their services different than other brokers? How much do they make working with a specific lender?
Remember – whether you work with a lender or a broker, you care for the customer and they are there to meet your needs. If they are not meeting your needs, you can always find someone else who will.
At Liberty Lending Consultants, our unrelenting commitment is to help as many mortgage customers as possible achieve their financial dreams while helping them save money on their closing costs. As a St. Louis mortgage broker who has helped thousands of consumers over the years, it is our unwavering mission to help provide a funding solution for all your residential or commercial lending needs. No matter what the current interest rates are, Liberty Lending Consultants will make sure you receive the mortgage rate you deserve. That’s why thousands of consumers in trust us when buying their first or second home, their commercial or investment property or when closing on a refinancing loan.