Things To Consider When Shopping A Mortgage

When it comes to mortgages, all homeowners want one thing. A fair deal. So how do you know you’re getting one? Here are some things to consider when shopping for a mortgage:

Education
Many times homeowners fall short of understanding their loan because they assume they already know the answers. At Diamond, we assume nothing. So we’ve created many different fact sheets that cover topics like closing costs, home valuation, and good faith estimates so that our clients have the right tools to make the best decisions. Our loan consultants love to educate. Diamond Consulting encourages our clients to ask questions about the loan process. When dealing with such an important transaction, no client should be left in the dark.

Speed
Our clients are real people and real people are typically very busy. They want a company who can secure a low rate and fund their new loan within days, not weeks or months. Diamond takes pride in our commitment to technology. Our staff has access to the most advanced loan programs in the world and they are professionally trained to use wholesale banking systems to research and lock in the lowest rates in the mortgage market. Other companies have loan officers that typically work with any client. At Diamond, our loan officers are specialized and are assigned to work with borrowers based on their credit level. This allows us to choose the right lenders from the start and helps to expedite the loan process because we’re familiar with your type of loan.

Home Values
Many of our recent clients were fortunate in getting their mortgage done quickly as home values in their area began losing significant value. First off, it’s not your fault. The housing market is going through rough changes and buyers are fewer now than they were a year ago. Timeliness is imperative in today’s mortgage transaction. Appraisers must use recent sales data to support the value of your home today. Home values peaked in late 2006, and every day that passes can mean another high sale price can no longer be used to maximize the value of your home. Giving a company an extra week to get back to you may cost you thousands on your appraisal value. Work with someone who understands this, shares the same urgency, and is ready to begin funding your loan today.

Service
Our clients expect great service. At Diamond, we feel they're entitled to it. Any company that offers real estate services should expect to roll out the red carpet for every client regardless of credit level, location or loan amount. We keep our appointments. We return phone calls. We respond to emails. Our client's expect that level of service and we love to see that it’s delivered.