Do You “Shop Around” for a Mortgage?
Prospect Mortgage
Shaida Tafreshi
Loan Officer
NMLS #545194
Licensed to Lend in California
In today’s topic I want to get perspective and understand what
you borrowers look for (specifically) when you “shop” around
Banks and Lenders for a mortgage / home loan?
What exactly are you shopping for?
The lowest interest rate?
The Lowest Closing costs for the loan?
The Most Savings on your Monthly Payment?
The ability to close fastest?
Your loan officer communicating with you and building
trust with you?
Your loan officer being available to you?...
What is it that you are shopping around
for?
To refresh your memory, and coming from my experience
asking the above questions of my borrowers, I often hear the
answer that the most important part of a Mortgage is getting the
best loan, at a competitive price, with the best customer service,
availability, dedication, and of course…follow up!
As a Loan Officer, the most widely asked questions from my
Borrowers to me are the following :
What is the interest rate?
What are the closing costs?
What is my Mortgage Payment?
Good Questions to ask, but do these questions lead you to
the bigger question here?...
Furthermore, do these Questions REALLY Lead you
to finding the BEST Mortgage at the BEST Price
all while meeting your long term, and short term
payment and equity goals?
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