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Local Lenders vs. Online Lenders


Purchasing a home is a big deal. For families looking for the perfect neighborhood or individuals taking on their first investment, the process is personal. While online lenders offer quick approvals tethered to high interest rates, local lenders like Summit Mortgage Corporation take the time to get to know your unique financial situation, helping you assess what will work best for you.

In choosing a local lender, buyers have access to Mortgage Bankers that can guide them through:

THE MARKET TRENDS The housing industry experiences many fluctuating moments. While buyers should do their research on the location they can see themselves living in, it’s also nice to have an expert help you with this decision. Having a lender that is local and experienced is far more beneficial than having to speak with an online rep halfway across the country with no true knowledge of the area you are looking into.

EVALUATING CURRENT FINANCES Working with a seasoned Mortgage Banker can benefit borrowers by adding that extra ounce of security and the assurance they need when purchasing such a large asset. At the end of the day, this is a major financial decision that needs to be evaluated thoroughly. Many online Mortgage Lenders are not helping you answer whether or not a home is something you can afford right now or how to get your finances home ready.

UNDERSTANDING RATES Knowing what rates are and how they work is a big part in understanding your mortgage. Talking directly with a specialist to advise when rates have dropped or will potentially rise can affect your mortgage payment tremendously. Online lenders will advertise the lowest rates you can think of, but they are never guaranteed. The beauty of working directly with your local Mortgage Banker is having the ability to discuss your possibilities and stay up to date with the housing market.

Working with a Mortgage Banker will provide you with the confidence and self-assurance you need through direct communication and adept advice. Buying a home should be an exciting time in one’s life and working with a local lender will offer you so much more!

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SUMMIT MORTGAGE CORPORATION | NMLS 3236 • Equal Housing Opportunity
Information is not guaranteed and should be verified.  Licensed in CA by the Department of Business Oversight. Loans will be arranged or made pursuant to the California Financing Law. Questions and concerns may be directed to support@go-summit.com. NMLS Consumer Access - Summit Mortgage Corporation/3236. Not a commitment to lend. Duke Home Loans is a division of Summit Mortgage Corporation.  Duke Clinton is licensed to originate mortgage loans in OR/WA/ID

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