When we talk to people about saving them money on their loan, the most important thing to have ready is your mortgage statement. We will eventually need to have your taxes, paychecks and other paperwork, but knowing what you’re paying every month is a huge first step. Knowing your interest rate lets us find out quickly if we can lower it, and by how much. We can also see from what you’ve paid in so far and how much you have left if we can do a Cash Out refinance for you.
We can also quickly take down your information. Doing this gets you to the loan officers that will find the low interest rates that we’re known for for your loan. Having that mortgage statement in front of you makes my job easier, and makes your call faster. Our system and reputation let people trust us to have their loans done quickly.
Having it in front of you also gives you a chance to put the numbers in perspective. Making the same payment, month after month, can numb you to how much you’re really paying. I have people ALL OF THE TIME that sound shocked when they really take the time to read the statement and think about how much money they’re wasting. The numbers from the statement give Ryan a chance to work up accurate numbers instead of guessing on them. Case in point, when we call them back with much better options you will remember your current situation and never want to go to another mortgage company again.
So this is a call to action. When you’re calling to get a quote on a home mortgage loan, pull last month’s mortgage statement out of the pile of bills (or this month’s if you already have it!) and have it ready to go when you call. It makes an easy process even easier, and gets you a lower interest rate on your home loan faster.
These tips will help you when you’re looking to buy a home in St. Louis, Chicago, or Indianapolis. Call us in St. Louis at (314) 781-9700, Chicago at (773) 770-6438, or Indianapolis at (317) 550-1515 and Nashville at (615) 810-8555. You can always apply online at www.thehomeloanexpert.com, and we’re also open on Saturdays to better serve you. Don’t forget to follow @TheHomeLoanEx on Twitter for breaking mortgage news and knowledge. Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?