Five reasons to use a local lender
“The first step is getting approved for a mortgage. Here are five compelling reasons to choose a local lender, like myself, for homebuyers in North Carolina.”
– Steve Wingerter, 7 Locks Lending
Reliability
Closing a loan on time is crucial for a smooth home buying process. Local lenders in North Carolina have a reputation for closing loans on schedule. Delays in closing can cause stress and uncertainty for everyone involved, including sellers, real estate agents, and buyers. In some cases, a last-minute loan denial could result in losing earnest money deposits and missing out on your dream home.
2. Reputation Matters
Local lenders and real estate agents in North Carolina rely on their reputations to build their businesses. They have a vested interest in providing excellent service to ensure that you have a positive experience. They know that word-of-mouth referrals from satisfied clients are critical to their success in the local community. Choosing a local lender means working with someone who values their reputation and is committed to providing top-notch service.
3. Personalized Service
Meeting your lender face-to-face and asking questions in person can be invaluable. In an era of impersonal communication, having the option to meet with your lender in my offices in Cary, North Carolina, allows for a more personal and effective resolution of any issues. It helps to slow down the discussion and ensures that everyone is on the same page, leading to a smoother home-buying process.
4. Local Expertise
Local lenders in North Carolina have a deep understanding of the local real estate market and the communities they serve. This local expertise can be a significant advantage when competing with other buyers. Some sellers and real estate agents may prefer offers from local lenders over national banks or online lenders due to their reputation for timely closings and a smoother process. Choosing a local lender could make a difference in landing your dream home in a competitive market.
5. Support the Local Community
Choosing a local lender means supporting the local economy in North Carolina. The money you pay in interest and fees stays within the community and can be used to support other local homebuyers and businesses. It's a way to contribute to the growth and prosperity of the Cary and North Carolina communities you are joining.
