You Don’t Have to Sacrifice Online Convenience When Using a Local Lender
This time of sheltering-in-place has revealed that we can get almost anything we need with the click of a button. When buying a home, shouldn’t your mortgage be the same way? Going for the speed and convenience of an online mortgage does not mean you have to give up the benefits of working with a local lender. You may be surprised to know that many local mortgage companies, like Ameris Bank, offer cyber options.
Working with a local lender does not confine you to typical banker’s hours or the hassle of having to turn in your mortgage documents in person. Rather, it combines the advantages of online convenience without losing the value of a local mortgage expert, who is available by phone or in person at your preference. At Ameris Bank, your loan application, document submission and e-signing can all be done online. Our ability to process loans electronically means you don’t have to sacrifice speed and efficiency when using a local lender.
An additional benefit of working with a local lender is their knowledge of the communities in which they serve. A local lender is more familiar with HOA fees, local assessments and jurisdictional taxes. They are also familiar with the numerous agencies on the city, state and even regional level that offer down payment assistance grants and tax credits to qualified borrowers. These agencies often require that the lender have a physical office within the state in order to be an approved lender that can offer the grants and tax credits. Even if you already have your down payment or are using a 100% financing product such as a VA or USDA loan, the additional funds can be added to increase your down payment or to help cover closing costs. If you are not consulting a local lender, you may be missing out on funds and tax credits available to you.
Lastly, a rough loan process and delays at closing can cause headaches and be an unexpected burden on your budget, from extra moving and storage fees to hotel bills and more time off from work. Local lenders are invested in their communities and have a personal stake in your loan process going smoothly and closing on time. They are reachable by phone after hours and on weekends. A local lender will also be in the same time zone as your closing, so if there are any last-minute documents or changes, you don’t have to worry about contacting an office, that may be closed, in another time zone.
Whether buying a new home or refinancing your current home, get the best of both worlds with mortgage options from Ameris Bank.
By: Marlene Sheard
Marlene is a mortgage marketing representative for Ameris Bank and previous sales and marketing president for her local Home Builders Association. She enjoys sharing her experiences for the buying, selling, and financing of homes.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.