Why is it important to use a local lender? Today I’m joined by special guest and lending expert Tamara Rodgers of Willamette Valley Bank. Tamara has been doing mortgage lending for 15 years, and before that she was working in the escrow business. Having experience in two facets of our industry has really propelled Tamara into a deeper understanding of what she does today.
And it’s exactly this kind of first-hand experience that makes working with high-quality professionals like Tamara so worthwhile. Sure, there are online options available. But is that really the route you want to take? Should you choose a local lender or work with an online mortgage company?
This question actually reminded me of a scenario my family and I found ourselves in not too long ago. We were shopping for a new television at a retail store when one of my kids pulled out his phone and did some comparison shopping online.
The model he found was the exact one we were looking at in the store, and it was listed online for $400 less. But while this sounds like a great deal, I was uneasy at the prospect of how things would go if something went wrong. I thought to myself, “Handling a return or getting a refund would be a lot harder to deal with online.” At the end of the day, the lower price wasn’t worth the hassle of handling all the business online. I would much rather have had a face-to-face conversation.
And this is exactly the attitude you should approach hiring a lender with. Working face-to-face with a local lender will get things done more quickly.
Online lenders, on the other hand, seem never to pick up their phones when a problem arises. This makes for a very difficult transaction. Why wait to resolve issues with a hard-to-reach online lender when you could simply partner with a local lender who you know will be available to you at any time?
Professionals like Tamara are truly motivated in helping their clients. And with rates currently around 4.87% on a 30-year conventional mortgage, now is the time to reach out and make your move.
To get in touch with Tamara, you can give her a call at (541) 622-6565 or email her at Tamara.Rodgers@wvbk.com.
And, as always, if you have any other questions for me or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.