We close numerous deals every year and a number of these are financed. Everyone wants to get the best possible rate and it’s important to compare lenders, their fees and the rates that you are being offered. There usually isn’t that great of a difference between lenders if your credit is good and you’re financing a conventional loan but it’s still important to compare. What can make a huge difference between getting a loan closed and not getting it closed is using the right lender, preferably local, for your Naples purchase.
There are many reasons why we suggest that you use a local lender with experience making local loans in our local market. Why use a SW Florida mortgage lender? Our Southwest Florida market is unique and a lender out of New York (or any other state for that matter) isn’t going to realize that Naples isn’t distressed and under water like some of the other cities in Florida. We’ve worked with buyers who want to use the lender that they have worked with in the past, back home, a lender who has never visited Naples much less Florida, who has no idea what the property values are and what the communities are like and if these communities are finance-able. They have no contacts in the community and are starting basically from scratch. They may have different underwriting standards, some of which may not even be applicable, that may make the closing of your loan more difficult and take longer. This is NOT what you want and why it’s so important to have the right lender for your Naples purchase.
After all, isn’t the goal to close on the home that you’ve found and want? And to do so with the least amount of stress and tension?
Who do we recommend? There are several great lenders here in town as well as mortgage brokers. If you’d like more information on who has successfully and easily closed loans here in town, just give us a call and we’d be happy to point you in the right direction.
