Why a Local Lender Matters

Posted by Blanchard and Calhoun on Thursday, June 9th, 2022 at 9:51am

Buying a home is one of the largest purchases most people make in their lifetime, that is why choosing the right mortgage lender is a crucial part of the homebuying process to ensure the transaction is hassle-free and seamless as possible. 

So, how do you choose the right mortgage company? While there are many lenders eager to take your loan application, you’ll want to look for a lender that offers the best rates, loan terms, down payments requirements, closing cost fees and mortgage insurance. You may also want to consider working with a mortgage broker vs. a large commercial bank and here is why:

Mortgage brokers are independent and often local which means they are invested in their community- so they have a better understanding of the local market. Not only do they know local real estate better than anyone, but they have developed strong relationships with agents all over the CSRA. Here are a few more reasons that working with a mortgage broker is ideal:

  1. Local lenders are competitive with rates: Mortgage brokers have a system that instantly matches you with the best term and can find you the most competitive mortgage rates around. This can be very beneficial to you if your situation is unique and you don’t fit into a category typically recognized by lenders.

  2. Local real estate experts: As mentioned before, local lenders live in the community where they work. This means they have a better understanding of property values, the local economy, and know the true worth of your home.

  3. Local lenders meet timelines: Local lenders have fewer clients than big commercial banks or Credit Unions, which usually means timelines are met and the process is faster. This makes them more desirable than working with large banks. If there’s an issue with your file, most likely, a local lender will be able to get the issue resolved in a timely manner. 

  4. Local Lenders provide excellent customer service:  If you have a question, you can call or talk with your loan coordinator face-to-face and your question won't sit in a mailbox-you won’t have to take a number. The service is personal. You will not get the same fast and personal service when you work with a large chain bank.

  5. Local lenders have solid agent relationships: Local mortgage companies work with agents everyday. This means they have built a rapport and trust. Lenders want to provide exceptional service, not only for you as their client but it also means the agent will be a source of referrals. Most agents prefer local lenders because they have a relationship with them. 

  6. Pour back into our community: When home buyers use a local mortgage broker they are supporting a community of local appraisers, agents, companies and employees. 

Why chose Augusta Mortgage Company as your local lender? AMC is Augusta’s oldest independent mortgage company!  Augusta Mortgage Company uses the latest technology to find a loan that is tailored to each client’s unique situation and can provide our customer’s loan approval within minutes of application. Call Augusta Mortgage today or fill out our online contact form to get the most competitive rates in town.

Augusta Mortgage Company

Telephone (706) 860-4200

Toll Free for out of area (800) 860-4714

Fax (706) 860-4205




 

 

 



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