Mar 18, 2014

Why Realtors know the Best Mortgage Lenders

Successful, active agents know who the best mortgage lenders are and which ones are disappointing and often inept. We hear what our clients have to say about their lenders, we see the rates and services they get and we see how efficient or inefficient they are.


Home buyers sometimes ask me to recommend a mortgage lender. But more often, they already have an idea of a company they intend to use for their financing. Sometimes they're great. Sometimes they're horrible.

I encourage anyone buying a home to get a second opinion on their home loan before committing to a mortgage company. The issue that usually prevents this is timing. When you put a contract on a home, the clock starts ticking. Buyers must get their home loan process started immediately. The application is usually lengthy and requires a lot of documentation. Appraisals must be ordered, underwriting reviews are done, ... they take a while. Not all lenders are the same and some take a lot longer than other. A whole lot longer.

Step one is to get a pre-approval letter before making an offer on a property. Step two is applying for a loan as soon as the ink is dry on the contract. The time to get a second opinion and finalize your lender is during one of these first steps. A good mortgage lender will respond quickly to your request.

My favorite mortgage lenders that I hear great things about from clients and I know from personal experience are:

Alison Hannah, PrimeLending, 972-348-6141 ahannah@primelending.com

Alan Felch, Lending Partners, 214-683-1770 alan@thelendingpartners.com

Steve Hakes, Affiliated Bank Mortgage, 214-643-6021 steve.hakes@affiliatedbank.com

[where: 75230]

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