Topics to Discuss with your Loan Officer
In order to have the most successful and efficient loan approval process, communication with your loan officer is crucial. The Loan Officers here at First Ohio Home Finance go above and beyond to create lasting relationships with their customers. Before the process begins, here are a few things you might want to discuss with your loan officer.
Communication – Everyone has their go to form of communication. Depending on the person, they may choose email, phone calls or texting. During the loan process, some issues will need to be dealt with quicker than others so it is important that your loan officer knows the best way to get ahold of you in those situations.
Goals – Do you plan on living in this house from 3-5 years or a couple decades? Do you plan to pay off your mortgage quickly? Is this house going to become a rental property soon? All of these answers can help the loan officer present the best possible loan programs for your situation. Our loan officers here at First Ohio Home Finance care about choosing the loan programs that best fit your financial goals and want to help you achieve those goals as quickly as possible.
Be Upfront – You don’t want to take the risk of not getting a loan because you were not upfront with your loan officer. We are here to help, we do this every day, and most importantly we have heard it all. Some examples of what to be upfront about would be: other rental properties, income restraints, a short sale, foreclosure or bankruptcy or anything unique. It will help both parties in the long run to be upfront from the beginning.
Timeline – If you have a strict timeline for the process, it is very important that your loan officer knows that. Ask about specific deadlines and make sure your loan officer knows about that time restraints you may have. A helpful way to make sure you are keeping things on track would be to have all your information (documents, tax forms, W-2s, etc.) needed for the process ready at the beginning. Be sure to keep your loan officer in the loop if you go on vacation or will be unavailable during the process so they will be aware if there is a delay in communication.
If you are looking to get any of these conversation started with one of our hardworking and dedicated loan officers, contact us today!
