I'll let you in on a little secret - most loan officers get in a groove of what works best 95% of the time and don't deviate. Why? Because it works 95% of the time! So how do you know they're making the best decision for you? In reality, you don't. You just trust them to do so.
Here's how I work: I show you the money! I show you the numbers. Here is a real report I went over with my first-time homebuyers that I just pre-approved. Should they go conventional or FHA? What are the long-term interest implications of that decision? Even though FHA rates are about a percent lower, there is a funding fee and monthly mortgage insurance required. Would they pay more in interest? Is their payment really lower with a lower interest rate? All great questions.
Even further down the road (as I used to be a financial advisor, I love looking long-term), I help clients manage their mortgage. Let's say they have an extra $500 per month. Is that money best spent on the mortgage, towards an investment account, or both?
Let's let data do the talking. I'm a loan officer that makes data-driven decisions and my clients love me for it!
Comentários