You have a lot of choices when it comes to shopping for a home loan, and this includes the location of the lender you choose. There are benefits to using a local Seattle mortgage company, as opposed to a national lender or “big bank.”
5 Good Reasons to use a Local Seattle-Area Mortgage Company
Why should home buyers use a local Seattle mortgage company? Here are five good reasons to consider:
1. You can meet face-to-face and get answers to your mortgage questions.
If you use an out-of-state mortgage lender, or one of the big national banks, you might have a harder time getting answers to your mortgage questions. You’ll be limited to email and phone exchanges.
But when using a local Seattle mortgage company, you can come in for an office visit and meet face-to-face. This is a great way to get answers to your mortgage-related questions, and to get to know your loan officer.
2. You (or your agent) can deliver documents in person to expedite the process.
During a typical home buying and mortgage transaction, a lot of paperwork changes hands. Borrowers have to provide a variety of documents relating to their assets, debts and income. That’s not to mention all of the documents produced by the mortgage and escrow companies. This is another benefit to using a locally owned Seattle mortgage company.
Being able to hand-deliver documents can be a real time-saver. On the other hand, having to fax, mail and/or FedEx everything can add days onto the process.
3. There’s a better chance you’ll close on time with fewer snags.
When using a local mortgage company, there’s a good chance your transaction will be more efficient. We touched on some of the reasons for this above. In many cases, the home buying process can be expedited when working locally. It’s easier to deliver documents, resolve issues that arise, etc.
4. You’re tapped into a local network of real estate professionals.
Seattle-area mortgage companies (like us) usually have close working relationships with local real estate agents, escrow and title companies, home appraisers, and other housing-related professionals.
So, when you get pre-approved by a local Seattle mortgage company, you can also get recommendations for other top-notch housing professionals. This is a benefit you probably won’t get from a larger lender that’s based out of state.
5. You can read reviews from local home buyers and mortgage shoppers.
Yelp and similar review websites are a good way to read feedback from local consumers who have used a certain business. These days, a lot of mortgage companies have Yelp profiles. This allows you to get unbiased reviews from home buyers and mortgage shoppers just like you.
For instance, Sammamish Mortgage has reviews on both Yelp and CustomerLobby.com. Read through our reviews, and you’ll get a sense of how we treat our customers.
Ready to Get Started?
Do you need a mortgage loan to buy or refinance a home? Do you prefer to work with a locally owned mortgage company in the Seattle area? If so, we can help.
Sammamish Mortgage has been helping home buyers across the Seattle metro area for more than 20 years. We are a local, family-owned company based in Bellevue, Washington. We can answer any questions you have about mortgage financing, and also provide you with a rate quote. Best of all, you’ll be “keeping it local.”
Please contact our financing experts with any questions you have.