The Benefits of Working with a Homebuilder with Lending Partners
Buying a new home or having one custom built for your family is certainly going to require funding. For most people, that means researching and applying with various lenders to find the best deal available to them. You have to find the right mixture of reputation and low interest rates, combined with a willingness to lend you enough money for your mortgage. The vast majority of would-be homeowners go through this process alone. However, it might be a better idea to work with a homebuilder that has preferred lending partners. Why is this?
Cut Out Hassle - There are few things as frustrating and time consuming as trying to find a mortgage lender that fits your needs. You have to determine the best lenders for you, which can be a harrowing task all on its own. You'll have to build your list of potential lenders based on their reputations, their specialty and the interest rates they offer customers. Once you have a list of lenders, you have to apply with them to find out if you even qualify for their loan packages.
Working with a homebuilder that has an existing network of preferred lenders cuts the hassle out of your search. You won't have to build your own list of lenders – the homebuilder will have one ready for you. In addition, these lenders have all been vetted so you can enjoy peace of mind.
More Options - How many mortgage lenders can you think of off the top of your head? If you're like most people, you can come up with one or two major national lenders, but that's probably about it. Working with a homebuilder that has lending partners ensures that you are able to choose from a variety of lenders, whether you prefer to work with a bank or a credit union. That offers you the ability to get the best possible lender for your needs rather than settling for just what you can find on your own.
The Benefits of an Existing Relationship - Finally, you'll find that working with a homebuilder that has lending partners allows you to benefit from an existing relationship between the two. In the usual case of finding a lender, the bank is going to scrutinize your builder. That takes time and can even cause problems in some instances. That's not the case with an existing relationship, which helps to smooth the process.
Want a Greener House? Ask Your Builder About these Features
Cut Out Hassle - There are few things as frustrating and time consuming as trying to find a mortgage lender that fits your needs. You have to determine the best lenders for you, which can be a harrowing task all on its own. You'll have to build your list of potential lenders based on their reputations, their specialty and the interest rates they offer customers. Once you have a list of lenders, you have to apply with them to find out if you even qualify for their loan packages.
Working with a homebuilder that has an existing network of preferred lenders cuts the hassle out of your search. You won't have to build your own list of lenders – the homebuilder will have one ready for you. In addition, these lenders have all been vetted so you can enjoy peace of mind.
More Options - How many mortgage lenders can you think of off the top of your head? If you're like most people, you can come up with one or two major national lenders, but that's probably about it. Working with a homebuilder that has lending partners ensures that you are able to choose from a variety of lenders, whether you prefer to work with a bank or a credit union. That offers you the ability to get the best possible lender for your needs rather than settling for just what you can find on your own.
The Benefits of an Existing Relationship - Finally, you'll find that working with a homebuilder that has lending partners allows you to benefit from an existing relationship between the two. In the usual case of finding a lender, the bank is going to scrutinize your builder. That takes time and can even cause problems in some instances. That's not the case with an existing relationship, which helps to smooth the process.
Want a Greener House? Ask Your Builder About these Features
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