Like many Americans over the last year, you may have decided that it is time to buy a new house. However, if you are a first time home buyer or have lived in the same property for several years, you may not know which lender you should select. With so many companies in Texas, it can be difficult to discern which one will offer you the right rates and advocate for your best interests. That is why our experienced loan officers have provided the following list of questions and qualifications you should consider when searching for mortgage companies in Texas.
At BrightPath, we will use our passion and professionalism to provide you with the assistance you need from consultation to closing.
Compare Rates for Mortgage Companies in Texas
While there are many factors to mull over when reviewing mortgage companies in Texas, loan costs and competitive interest rates should be at the top of your list. When contacting these companies, they will submit loan estimates for your review. If you are considering several mortgage companies in Texas, be sure to reach out to them around the same time, as rate quotes can fluctuate frequently. Once you have narrowed down the best rates, contact those companies to receive their loan recommendations. This can help you determine if they have the knowledge and candor needed to guide you through the home buying process.
Receive Personal Referrals
One of the most effective ways to find the best mortgage companies in Texas is to request personal referrals. Check with trusted real estate agents, friends, and family members about which companies they had the best experiences with. You can also turn to social media platforms including Facebook and NextDoor for these types of referrals. Ask the referees for their honest opinions when it comes to the positives and negatives of working with the company to assess if it will be the right match for you.
Read the Reviews for Mortgage Companies in Texas
Once you have compiled a list of mortgage companies in Texas to consider, conduct online research and read the reviews. While you should peruse search engines and social media sites like Google, Yelp, and Facebook, also look at consumer sources including the Better Business Bureau and Consumer Affairs. Along with customer feedback, search the comments for mentions of predatory practices or defaulted loans. While reviews should not be the biggest factor in your decision, they can play a significant role in narrowing down the playing field.
Schedule a Consultation
Once you have selected a few mortgage companies in Texas you are interested in working with, schedule consultations with them. During these appointments, come prepared with a list of questions to help you determine if they will be the right company for you. These should include:
- What is your preferred communication style? (calls, emails, text messages)
- When contacting you, what time frame should I expect a response?
- Do you handle the loan application, processing, and underwriting in house?
- How much time would it take to process my application?
- Which loan type would you recommend for me?
Work With the Experienced Loan Officers at BrightPath Today
While choosing the right company to work with can feel like a chore, it is a key step in the home buying process. And when you work with the experienced loan officers at BrightPath, you are guaranteed to be working with one of the best mortgage companies in Texas.
To learn additional information about our services and to schedule a consultation, contact us today.
When you work with BrightPath, you are guaranteed to be on the path to a brighter tomorrow.