When you are meeting with a loan officer to take a loan application there are some questions that they have to ask. Questions such as...
1. What is your gross monthly income?
2. Who do you bank with? What is your current balance in those accounts?
3. Have you ever had any foreclosures, bankruptcies, tax liens, judgements?
4. etc. etc.
Any "order taker" could ask these same questions, complete a loan application, and submit a loan for you, with no regard for your long term goals or needs.
A good loan officer is much more than an "order taker" and will ask the questions that help him/her understand your long term goals as well as current needs. They will use this information to help them choose the loan options that will best meet those goals. Questions such as...
1. How long do you plan on staying in the home?
2. What are the possible reasons that you might move?
3. Would you consider renting it out in the future?
4. Are you a first time homebuyer? (believe it r not, some won't even ask this!)
5. Have you made all of your rent payments on time?
6. Where would you like to purchase a home?
7. How much have you budgeted for (for a monthly payment)?
8. How much would you like to have in reserves after you purchase the home?
9. Do you prefer having lower monthly payments or to pay off your mortgage more quickly?
10. What kind of condition is the home in and are you looking to do some improvements?
11. etc. etc.
These questions will help the loan officer to offer mortgage options that you qualify for but that also meet your needs. Beware of the "order takers" that will do neither. They are easily identified because they will not ask any of these questions.