Picking A loan Officer

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In the loan process, picking the right loan officer is very important. Not only is the loan officer responsible for you rates and program, but the loan officer is the one who will be your main point of contact during the loan process. A good loan officer will give you a good competitive rate, whereas a bad one will give you a really high rate to line their pockets. A good loan officer will lay out many options in front of you so you can decide which course of action to take while a bad one will try to pigeon hole you into the product which will benefit them the most. When choosing a loan officer, you want to make sure that you can get a hold of the person and that he stays in contact with you. There have been many nightmare cases where loan officers neglected their clients, dragging out their loans for months on end only to end up with a cancelled loan. If the loan officer wants some money upfront to cover the cost of a credit report and the appraisal, do not be alarmed, it is a common practice, but if they ask for an unreasonably large amount of money upfront then be weary of the loan officer. What you want in a loan officer is a friend, helpful and knowledgeable individual who keeps in contact with you.

California Mortgage Rates

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