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Here’s what I think about online mortgage lenders, by Briana Frazier.
By Briana Frazier
Here’s what I think about Online Mortgage Lenders
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It’s a digital world, and everything is running digital. Gone are the traditional days of indefinite bank trips to fill a bundle of paperwork.
Getting a mortgage loan nowadays is at the comfort of your location at any time. Borrowers can easily browse rates, fill applications forms, and be pre-approved by just uploading their details and documents. This is enabled by online mortgage lenders who have totally changed the buying or refinancing home processes.
Although located in different counties in
California, Whittier and La Habra’s real estate trends indicate a rise in home prices year over year. La Habra home median listing prices trended up 9.5 percent while Whittier increased by 6.6 percent. The median home sale prices increased by 2.74 percent and 3.54 percent respectively.
WHY PREFER ONLINE OVER TRADITIONAL MORTGAGE LENDERS
CONVENIENCE
Online lenders can offer you loans from anywhere and at any time as long as it is convenient for you. All you need to upload your information in a portal. No need for tiresome office appointments, collection, and printing of stuck documents. Also, online lenders provide borrowers with informative resources to help them understand the market and economy in just a call or text away.
QUICK AND SIMPLE
With online mortgage lenders, there’s no long wait to hear back on the status of your loan. Borrowers can access their loan information from their portals. Check the loan status, modify the loan pre-approval letter, or even adjust the loan terms that are suitable for them. All this happens in less time making the home buying process quick, easier, and efficient.
TRANSPARENCY
Online mortgage lenders show and elaborate to buyers the mortgage rates they are qualified for. They explain to them
the benefits and shortcomings of each and help the buyer decide on the loan type fit for them depending on their qualifications. Buyers receive frank and instant information about their financial options for better decision-making.
LESS COSTLY
There is a possibility of getting mortgage loans at lower rates and fees with online lenders. This is because they operate without covering lots of overheads, unlike banks or brokers. Also, unlike most traditional mortgage lenders, online lenders don’t supplement loan officers with commissions depending on the loan amount. Online lenders are hence cheaper and save for the borrowers.
Nothing comes one-sided, with advantages comes disadvantages. Online mortgage lenders have their shortcomings which confirms that digital is good but not always better. However, it’s a fastmoving world of daily new technology inventions and real estate investors have to conform. With the increasing demand for houses in both Whittier and La Habra, A buyer is obviously fighting off with other homebuyers for the same home. The easiest way for a seller to take you seriously as a buyer is if you have a mortgage approval letter. You don’t have to go the traditional way and wait forever! Online lenders are here to make that happen in real quick time . Wondering where to get the best online mortgage lender? Worry no more, we got you! Contact Briana Frazier, A VIP agent of The Power Is Now Media Inc. for guidance on the ideal online mortgage lenders in La Habra and Whittier.
ABOUT BRIANA FRAZIER
Briana Frazier Cannon, Broker of Frazier Group Realty, has over 15 years of real estate sales and property management experience. She is well known in the industry and with her clients as Broker Bree. Briana specializes in home buyers and home listings. She has sold millions of dollars in real estate and takes pride in helping first-time buyers enter homeownership. Briana has a Bachelors’s degree from the University of California, Riverside, and a Master’s of Business Administration from Chapman University. Her corporate office is located in downtown Riverside, but she covers all of Orange County and Riverside County. Briana is a member of the California Associations of Realtors and her local Realtor associations.
ABOUT THE POWER IS NOW MEDIA INC. The Power Is Now Media Inc. is an advocate for the empowerment of the minority communities all around the United States. We engage in various thoughts of leaders to make sure that you are equipped with knowledge about our economy. We have partnered with First Bank to provide you with products and services that will help you prepare better for the future. We are also advocating for first-time home buyers. The Power Is Now Media Inc. can help make your home ownership dream a reality. Go to www.neverrentagain.com and get started.
Eric Lawrence Frazier MBA DRE, Vice President and Mortgage Advisor of First Bank, NMLS 461807. President and CEO of The Power Is Now Media. www.thepowerisnow.com
References
https://themortgagereports.com/58202/should-you-apply-for-a-mortgageonline-pros-and-cons-of-digital-mortgages https://alcova.com/the-pros-and-cons-of-online-mortgages/ https://www.realtor.com/realestateandhomes-search/La-Habra_CA/overview
