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3 Foolproof Steps for Finding the Right Loan Officer  

3 Foolproof Steps for Finding the Right Loan Officer  

When looking to take up a loan for a huge investment in your life such as a home purchase, you need a lender that not only helps you get a low interest loan rate, but also understands the significance of what you want to purchase. There are many loan officers out there, but not all of them fit the bill. The right loan officer will help you prequalify and determine the right mortgage loan for you.

Here are the steps you should follow when choosing the right loan officer for you:

1. Assess your needs

The first step in finding the right loan officer is assessing your needs. What type of mortgage do you need? What is your credit score? What is your current income? Are you a first time home buyer? All these aspects will help you find a loan officer who understands your specific needs and has experience dealing with other clients in the same situation as you.

2. Get referrals/recommendations

Referrals and recommendations are a great way to find a loan officer that fits your situation and can help you reach your specific goals and objectives. Referral officers have already been tested and proven to be reliable by your referral party.

3. Interview several loan officers

It is always good to interview several officers to see their experience, their take on your situation, and if you work well together. Make sure you communicate in detail your expectations. Ask all questions you may have and see how different lenders answer. Compare pricing, quality of service and commitment.

Make sure that you can establish a level of comfort and trust with your loan officer. For more information about loan officers and financing your mortgage, contact the experts at Midland Mortgage today!

Posted Jul 06, 2017 by Midland Mortgage Corporation