What are the top 3 misconceptions people have about the home loan process?
"The lowest rate is always the best"
We all want the lowest rate, but that doesn't mean it's always the best option. To get the lowest rate, often times you have to pay for it. A higher rate could be be a slightly higher monthly payment, but could save you thousands of dollars in closing costs. To some, that could be the difference in getting approved or provide you with more money to pay off other debts. Each borrower's situation is different, so it's important to tailor every loan to fit each person's unique needs.
"Adjustable rates are bad"
Just like the lowest rate, it really just depends on your individual situation. If you plan on living in your home for 40 years and/or are very risk averse, an ARM probably does sound scary. But if you were just transferred for work, know it's short-term, and will be selling the home in a few years- an ARM could be a perfect fit for you! Again, it's important to tailor every loan to fit each person's unique needs.
"Save money by not using an agent"
Buying a house without an agent is like haggling in a foreign country without a local translator. Sure, you don't spend money on hiring the translator, but odds are you're going to get ripped off for a lot more and go through far more headache in the long run. You want someone on your side who knows the language, is used to all the tricks (and may have a few of their own), and spends every day fighting for your best interest.
What provides you with the most satisfaction in your job as a Loan Officer?
Earning trust. There are hundreds of Loan Officers out there all competing for the same business. Being the one chosen and trusted over anyone else is a high honor that really fills my heart.
Tell us something that makes you unique or something wacky, yet interesting about you?
Just one?! Disney Friday. Every Friday afternoon, I play a playlist of Disney movie songs as a fun way to "welcome in the weekend."