Looking for the right mortgage is a big deal. After all, the wrong mortgage could cost you large sums of unnecessary money in the long run or could even put you in financial trouble. That is why it is vital that you seek out the right rates, the ideal type of mortgage for your needs, and, ultimately, the right team to have on your side.
Here at Patriot Home Mortgage, we understand that whether it is your first mortgage or your last, the mortgage financing process can be a bit more than daunting. We want to help you find the right loan for your needs. If you are looking for a mortgage company to assist you in the search for the perfect financing option, we invite you to reach out to our team today.
If you are already working with a team, watch out for these signs that you have chosen a less than ideal situation for your mortgage financing needs.
#1: You Feel Like Nothing More Than A Number
When you work with a team to acquire the right mortgage financing, you should be treated with careful consideration and respect. Time should be spent understanding exactly who you are, what your specific needs are, and the details of your financial situation.
If you don’t feel this way about how you are being treated, it is a sign you should look elsewhere. Never settle for a business that simply sees you as a number. You should be given individual attention and your consultant should never rush you or seem like you are taking up too much of their time.
#2: You Were Given Very Few Options
There are a ton of different options on the market for mortgage financing. Some will make a better fit than others depending on your situation. If the team you are working with seems very limited in their approach and doesn’t give you any sort of options, you need to shop again.
You should be given a few different approaches to how to finance your home. No stone should be left unturned. Not only that, but it also shouldn’t require you to do the legwork. Your consultant should be offering you creative solutions to your financing needs.
#3: You Were Quickly Written Off Or Turned Away
Maybe you don’t have a lot of money for a down payment. Perhaps your credit isn’t the picture perfect ideal. Whatever the case, if a mortgage consultant wrote you off immediately and possibly even turned you away, don’t give up hope. You simply found the wrong team.
A good mortgage consultant will take the time to explore unique options. For example, if you don’t have a lot of money to put down, an FHA loan might still be a good fit. There are a lot of angles that can be taken, so don’t settle for being turned away.
#4: You Don’t Feel Like Your Needs Are Being Heard
A good mortgage consultant should take the time to really listen to you. Just as is true in any relationship, if you don’t trust your mortgage consultant and you don’t feel like they hear your concerns, you won’t get very far.
Look for a team where they prioritize your time. Seek out a company that is willing to hear every detail of your concerns and needs. The consultant who listens carefully won’t miss important details. This will allow them to offer you the best mortgage financing solution possible.
#5: Your Gut Tells You Something Is Off
Finally, at the end of the day, you have to go with your gut. If someone makes you feel uncomfortable or you just don’t mesh well with the team as a whole, it might be time to look somewhere else. Going through the mortgage financing process is arduous and you want someone on your side that you feel 100 percent confident in. Trust your own judgment and don’t settle until you find the perfect fit.
Talk To Our Mortgage Consultants Today
Here at Patriot Home Mortgage, we hope that you will choose our team for all your home loan needs. We are experienced in helping people from a variety of situations find the right mortgage for their needs. We always put our clients first and strive to provide the best financing options available. Talk to us today and find out if we are the right fit for your needs.