During these unprecedented times, shopping for home and choosing a loan can present new challenges. How do you go about the home buying process during a lockdown? How do you cope with changes in your employment situation?
Whether you are shopping for a home now or you are a homeowner considering refinancing, working with an independent mortgage broker currently is a wise decision.
Why choose an independent mortgage broker in Florida instead of a big bank during COVID-19?
Let’s go over a few reasons.
- Income changes? Apply through our bank statement program. For one thing, you may be facing challenges related to your income. More than 50 million people in the US have lost their jobs during the outbreak. Others have been dealing with furloughs or reduced work hours. If you are still trying to figure out how to make ends meet, this probably isn’t the best time to be shopping for a home. But there are other scenarios which are possible. For example, you may simply be working unusual hours and earning your income unevenly as a result. Or, you might recently have started freelancing. In situations like those, you may be financially able to purchase a home, and you may be stable enough to qualify. But trying to go through the traditional application process with a big bank may be difficult or impossible. That is why at Premier Lending Corp, we offer a bank statement program. This alternative loan process allows you to qualify for a mortgage even if your income situation is non-traditional.
- We offer hard money loans and other flexible lending products. Another situation you might face during COVID-19 is a drop in your credit score, even if in general, you are financially viable. In such a situation, a big bank may not be willing to work with you, but we are. You can apply for a hard money loan to get the financing you need fast. We also offer other lending products which you may qualify for which feature more competitive rates. For example, you might qualify for an FHA mortgage or VA loan, neither of which requires ideal credit.
- We can work with you safely during COVID-19. We want it to be both convenient and safe for you to meet your needs during this time. So, we offer a range of free tools on our website to help you apply for a mortgage. We can also work with you over the phone or through another communication method of your preference so that you can maintain social distancing.
- We are ready to adapt to your individual needs. If there is one area where big banks lag far behind independent mortgage brokers, it is adaptability. Even at the best of times, big banks usually are not too flexible, which is why many of our customers come to us after having been turned away elsewhere. As you might imagine, big banks are not ideally suited to serving customers under the present circumstances, which require a great deal of adaptability. But adaptability is one of the things we take pride in at Premier Lending Corp. No matter the individual needs of our customers, we can find a way to facilitate the purchase of a home or the refinance a mortgage. That has always been true, and it is now more than ever as we adjust to meet the shifting needs of individual homebuyers and homeowners. In fact, we know that even in the middle of the mortgage process, you could be dealing with daily changes in your life. We will help you navigate those challenges.
- We go above and beyond to help you save money. One of the reasons we work as independent mortgage brokers now rather than working for nationwide lenders is because we can do more for customers working independently. It is important to us to be able to save you money now and over the future years as you are paying on your home. While saving money is always important to homeowners, this is a time when it is particularly critical, especially since we do not know what the years ahead will bring. As your Florida independent mortgage broker, we will have your back every step of the way, doing all we can to help you achieve financial success no matter how challenging times may get.
- We care about you as a member of our community. Finally, unlike a nationwide lender, we are based right here in Davie, FL. That means that you are our neighbor, and that is how you can expect us to treat you. You will always receive our best personal customer service, care and dedication.
Work with Premier Lending Corp on Your Mortgage Needs
Now you know some reasons to choose Premier Lending Corp as your independent mortgage broker in Florida during COVID-19 rather than working with a nationwide big box lender.
Whatever challenges we may face during the time of coronavirus, we will face them together. To schedule your consultation, please call us today at 954-840-8811.