In case, you were wondering about closing the loan, you should rest assured it would be a difficult task when done on your own. If you happen to choose a mortgage company or a specific loan officer who may not be aware of the process, you should rest assured that closing the loan would become a daunting process.
Therefore, find below few important tips and tricks designed by Sun West Mortgage to help you choose the right option for the loan.
You should make a list of at least five to seven loan officers from different mortgage companies. It would be essential to ask your family and friends who they have used and inquire whether they would recommend the company to you. It would be pertinent to inquire your real estate agent about the title company whom they intend to recommend. It would be pertinent to remember that you would require only one mortgage company only.
You should call every name that you have shortlisted. In event of the loan officer answers your phone call, you should put a tick mark against their name. In event of them calling you back in an hour, you could consider them as a prospect. In event of the loan office not calling back, you should tick them off your list and move further. You do not require entering a working relationship with anyone that you cannot get hold of. It would not be wrong to suggest that the professionals would value their phone calls. You could be rest assured that if they do not pick the call, chances are less they would answer the phone later when you enter into a contract with them.
Therefore, you should be prudent in choosing the loan office or mortgage company that would be helpful in the later stages of the loan.