To Find The Right Loan You Must First Find The Right Lender

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To Find The Right Loan You Must First Find The Right Lender

To Find The Right Loan You Must First Find The Right Lender

We have found internet shoppers to be the savviest in the mortgage market. Frequently they have submitted their mortgage loan information. After mortgage inquires for mortgage quotes are made by the consumer on the internet the information is then referred to a loan officer who will call them and help them find the right loan for their situation. By doing this internet shoppers gain a competitive edge in that the market is competing for their business. This can be good and this can also be bad.

Education and Experience

One of the most important functions of a mortgage loan officer is what is called "loan placement" Loan placement involves the choice of mortgage loan product, choice of mortgage lender and mortgage loan terms in relation to a borrowers situation. There are many different mortgage products--- an interest only mortgage, an adjustable rate mortgage, and a fixed rate mortgage just to name a few. Each product has a certain type of borrower that the product was designed for. A well experienced, trained and knowledgeable mortgage loan officer is able to recognize and place a mortgage refinance loan so that it both fits the lenders guidelines and fulfills the borrower's goals. Knowing the level of education, experience and knowledge a mortgage loan officer has early in the mortgage loan refinance process will make for a much easier enjoyable experience rather than one with bumps and hurdles down the road. It can also play a role in the amount of money a homeowner can save in a mortgage refinance or home purchase process. If you aren't sure about a company simply take a look at the hiring and retention practices of the mortgage company itself.

Ethics And Disclosure

Finding someone you can trust, we believe, is the single most important part of choosing a lender. We believe this because this is what consumers say over and over again. However it is very hard to gain insight as to who you can trust. A mortgage is not something most people shop for frequently so knowing how to gauge a mortgage loan officer and a mortgage company can be tricky. We believe disclosing mortgage terms in writing quickly and sticking to those terms is the best way for a consumer to place trust and retain trust in a mortgage lender. For this reason QuoteInWriting has available to you on our website the federal disclosures that a mortgage lender is required to give a consumer. We also have resources and information for you so you are quickly able to understand the disclosures given to you so you are able to compare mortgage quotes presented to you.

A Second Opinion

This is something we say very carefully. If you have doubt, get a second opinion. Speak with friends and family but keep in mind everyone has a different situation and it is next to impossible that anyone's situation mirrors yours. For this reason we suggest when you talk with friends and family you focus on things like reputation of a lender and the service they provide, not the specific rate and costs of the loan. Sometimes a second opinion from another lender is a good idea also. Be upfront; tell them you are looking for a second opinion. We strongly believe a consumer should not relay the details of their existing offer as the lender who is giving you a second opinion may just extend to you an offer that beats your first offer but is not the best terms you qualify for. Think about this, if you were selling a car and you were approach by someone who stated they could buy the same car for a certain price, would you not be tempted to name a price just lower than the price of the other car? If the person however said they could buy the same car somewhere else and did not tell you the price of the other car would you not give them a competitive price? Remember mortgage loans are a product like anything else.

Michelle Hiller
Experienced Seasoned Loan Expert
http://www.quoteinwriting.com

In The News:

Yahoo! News: Top Stories

Democrats criticize Obama's proposed tax cuts (AP)

AP - President-elect Barack Obama's proposed tax cuts ran into opposition Thursday from senators in his own party who said they wouldn't do much to stimulate the economy or create jobs. Senators from both parties agreed that Congress should do something to stimulate the economy. But Democratic senators emerging from a private meeting of the Senate Finance Committee criticized business and individual tax cuts in Obama's stimulus plan.

UN Security Council calls for immediate Gaza truce (AP)

AP - The U.N. Security Council called for an "immediate" and "durable" cease-fire in Gaza in a resolution Thursday night even as fighting between Israel and Hamas raged with early morning airstrikes killing seven Palestinians and pushing the death toll to about 760 in the near two-week conflict.

Key panel recommends impeaching Ill. governor (AP)

AP - A key panel unanimously recommended impeachment for Gov. Rod Blagojevich on Thursday, setting up a vote that could make him the first governor to face such fate in Illinois' sordid political history. Blagojevich should lose his job for abusing power, mismanaging government and committing possible criminal acts, including federal allegations he tried to sell off a U.S. Senate seat, the special committee concluded.

Mini Dynasty: Tebow leads Gators past Oklahoma (AP)

AP - Tim Tebow gave Florida the jolt it needed to become a national champion. But all his efforts in a sloppy, choppy BCS championship game likely did little to quiet fans of Utah, Southern California and Texas, all of whom already claimed the top spot.

Job losses stack up as recession deepens (AP)

AP - Trying to survive a deepening recession, employers are cutting their work forces to the bone, leaving more Americans unemployed and with dim prospects of finding a new job any time soon.

Oversight panel wants better answers from Treasury (AP)

AP - Less than a month after its first report, a congressional panel overseeing the Treasury Department's $700 billion financial bailout is demanding more answers.

Critics' final answer: `Slumdog' wins 5 awards (AP)

AP - The critics have spoken, and "Slumdog Millionaire" is their final answer.

Petraeus: Afghan, Pakistan problems are really one (AP)

AP - U.S. policy to win in Afghanistan must recognize the poor nation's limitations and its neighborhood, especially its intertwined relationship with U.S. terrorism-fighting ally Pakistan, the top U.S. military commander in the region said Thursday.

Cheney: CIA did nothing illegal in interrogations (AP)

AP - Vice President Dick Cheney said Thursday that he sees no reason for President George W. Bush to pre-emptively pardon anyone at the CIA involved in harsh interrogations of suspected terrorists. "I don't have any reason to believe that anybody in the agency did anything illegal," he said.

Prosecutors: Madoff was ready to send out $173M (AP)

AP - Prosecutors said Thursday that investigators found 100 signed checks worth $173 million in Bernard Madoff's office desk that he was ready to send out to his closest family and friends at the time of his arrest last month in what is alleged to be largest financial fraud in history.

U.N. calls for immediate Gaza truce (Reuters)

Reuters - Israel pushed ahead with its offensive in the Gaza Strip on Friday, ignoring a U.N. Security Council resolution calling for an immediate ceasefire to the 14-day-old conflict.

Citi backs measure to help avoid foreclosures (Reuters)

Reuters - Financial giant Citigroup Inc will support a proposal in Congress to rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid foreclosure, Chief Executive Vikram Pandit said on Thursday.

Panel steps up criticism of Treasury over TARP: report (Reuters)

Reuters - A report being released on Friday alleges that the U.S. Treasury has failed to reveal its strategy for stabilizing the financial system, not answered questions asked by a government watchdog, and has done nothing to help struggling homeowners, the Wall Street Journal said.

Illinois panel recommends governor's impeachment (Reuters)

Reuters - A legislative committee on Thursday recommended the impeachment of Illinois Gov. Rod Blagojevich, citing widespread abuse of power including allegations he tried to sell the U.S. Senate seat vacated by President-elect Barack Obama.

Qaeda Pakistan leader believed dead: U.S. official (Reuters)

Reuters - Al Qaeda's operations chief in Pakistan and a top aide are believed to be dead, a U.S. counterterrorism official said on Thursday, in what appeared to be the latest results of a campaign targeting the militant group's leadership.

Accused swindler Madoff "warm and charming": report (Reuters)

Reuters - Some friends of accused swindler Bernard Madoff considered him a "warm and charming" man, and one of his alleged victims praised him just before his death in 2005, Fox Business Network reported on Thursday.

EU seeks gas supply return after deal on monitors (Reuters)

Reuters - Europe on Friday looked for a swift restoration of gas supplies, after striking a deal with Moscow on monitoring gas shipments via Ukraine that have been halted by a rancorous pricing dispute with Kiev.

U.S., Iran share interests in Afghanistan: Petraeus (Reuters)

Reuters - The United States and its allies share some interests with Iran when it comes to stabilizing Afghanistan, Army Gen. David Petraeus, head of the U.S. military's Central Command, said on Thursday.

UN Security Council urges immediate Gaza ceasefire (AFP)

AFP - Israel was under intense pressure Friday to end its two-week-old offensive in the Gaza Strip after the UN Security Council called for an immediate ceasefire as the death toll from the war rose past 760.

Progress in resolving gas row as Russia agrees to monitors (AFP)

AFP - Hopes for a quick resumption of Russian gas supplies to Europe were rising Friday after Russia agreed on the terms for the deployment of monitors in Ukraine.

To Find The Right Loan You Must First Find The Right Lender

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