Why is a Smaller Mortgage Company Better than a Bank?

If you're in the market for a house or have purchased in the past, you've undoubtedly needed a mortgage. Did you go to a mortgage lender or directly to the bank? I'm going to show you not only the benefit of going to a lender instead of bank, but also the advantages that far supersede what you get from a bank. Do you want to be just another number? The answer to that question is obvious, of course not. With a lender you will have a personal experience with people who genuinely care about putting you in the house you desire.

For the past several years the media has focused on how large banks have handled their mortgage business. Even removing the flagrant abuses in the industry and just focusing on the home loan process with large banks generally, the consistent theme highlights these qualities:

• Impersonal process
• Inexperienced loan officers
• Unnecessary and endless paperwork
• Outrageous fees for every part of the process
• Mortgages are a very small part of their business

Consider the advantages of going with a smaller mortgage company such as ourselves.

• Intercoastal is a Lender not a broker

Our mortgage loans are processed, underwritten closed and funded in-house. We make the loan decision. We are accountable for the entire process from beginning to end. As a result your transaction will go smoothly and your closing will be on time.

• Intercoastal is Not a Single Banking Entity

While we are mortgage bankers, we are not limited to one banks mortgage products. Not only does this allow us to remain competitively priced, but to offer a wide range of products to suit all of our borrower’s needs.

• Incredible Product Variety

Our product line is second to none. We are constantly updating our products to meet the changing needs or our valued customers. Whether you are a 1^st time homebuyer or an experienced homeowner, Intercoastal has the product and program to suit your needs.

• Intercoastal is a local lender

We understand our local market and we are housed right here in Fairfax. This means direct access to the underwriting and closing department, which allows us to provide prompt, full approvals without surprises. Need a quick closing? No problem!

• Our Place in the community

Intercoastal is listed as one of the top 25 lenders in the Washington Post and Washington Business Journal. We have built a reputation as a reliable, professional and innovative company. We pride ourselves on delivering quality mortgage products and services while helping our valued customers realize their American dream.

Efficiency, reliability, trust and experience play the most important roles in the mortgage process. Developing a rapport with your home buying professionals is a crucial aspect of a successful home buying experience; as it allows for a customized mortgage to fit a specific needs and budget. What can start as the most exciting adventure of one’s life can quickly turn into a nightmare if the right decision is not made when choosing where you will receive your home loan. Choose the smaller mortgage company.

Read my previous blog on the steps to get pre-approved and contact me to help you get into your dream home.