If you are looking to buy a home in Merrillville or anywhere in Indiana, it all starts with picking the right mortgage lender.
To help you know what to look for, we have put together this quick guide to what is important in a quality mortgage company.
Things You Should Know Before Applying For a Loan
- Choose an Indiana mortgage company that can help you find the right type of loan. Different types of mortgage products exist for different financial scenarios and goals. Ideally, you should work with a lender that can offer you multiple options such as conventional conforming and jumbo loans, FHA mortgages, VA loans, and USDA rural loans. That way, you have the chance to maximize your return on investment when you purchase a house.
- Go with a well-established local business. Working with a big box nationwide lender means doing business with a faceless company that does not take the time to really get to know and serve its customers. Instead, work with a local business that knows Indiana real estate and gets to know customers as neighbors. Lake Mortgage was established in 1946, and has been serving the region for more than 75 years. We have known many of our customers for decades. When you take out a mortgage with us, we become your lender for life.
- Pick a Merrillville mortgage company that also services loans. Many mortgage companies can connect you with a loan, but after that their part is done. You make your payments to a third party from there on out, often one that is based across the country. Depending on the type of loan you choose, Lake Mortgage may be able to service you mortgage as well, keeping your payments local.
- Work with a mortgage company in Indiana that takes time to educate homebuyers and homeowners. There is no reason for the mortgage process to be confusing or challenging—not with the right mortgage company by your side. Our loan experts enjoy the process of explaining different loan options and their benefits to homeowners and helping them understand the steps ahead.
- The right mortgage company offers helpful online tools. Gone were the days when you had to handle everything regarding your home loan in person or on the phone. Lake Mortgage offers a suite of online tools that you can use to track your loan progress and upload and sign documents. That way, you can keep up with your mortgage status at every stage, and keep pushing the process forward toward closing.
- Customer service is a key consideration when selecting a mortgage lender in Indiana. When you are making one of the most important purchases of your life, you want a mortgage company that respects just how momentous that purchase is. Our loan experts will be here to help you at every step in the mortgage process. We will work hard to ensure that you always have the answers you need, and that your application is moving quickly through the stages.
- Look for a business you can build a lifelong relationship with. Chances are good that at some point in the future, you will need help from a mortgage company again. It could be that you want to refinance, or you might be ready to buy your next home. Being able to work with the same company in the future can save you time and money while providing you with peace of mind. At Lake Mortgage, we look to serve our customers for life, ensuring that all of their mortgages needs are met for decades to come.
Contact Lake Mortgage Today
Are you ready to buy a home or refinance in Merrillville or beyond? Please give us a call today at (219) 756-5626 to schedule your consultation. We look forward to helping you out with all of your mortgage needs for life.