Obviously if you are still reading you are possibly interested in refinancing. I want to give you a few tips on choosing the right loan officer. What makes a quality loan officer is not low fees or low rate. If he/she gives you fees and rate without finding out your situation or understanding what your closing costs are you are probably dealing with an inexperienced broker who may not be able to get the transaction completed. When choosing a lender make sure that he/she uncovers your needs especially if you plan on doing more than lowering your rate to save money monthly. Make sure that he/she is confident and absolutely knows what he/she is talking about.
Look for someone to give options that make the most sense financially to you. Make sure that the loan officer uses logic and reason to show you that the loan makes sense and will save you money both long term and short term.
Look for options of more than just lowering your payments. A good broker will truly be concerned about your position and will not only look at the now but will try and help you create a better future.If he/she sounds concerned, shows interest in taking care of you, gives you great options that make sense using math, logic, and reason. You should probably move forward with that loan officer, because when it comes to costs and rate almost every lender out there has access to the same programs almost all are government backed anymore. Make the most of your refinance use a loan officer who is knowledgeable and does what he/she says he/she is going to do.
Choosing the Right Loan Officer