New Orleans Louisiana Real Estate and Community Blog 

Working with a mortgage lender can be a dream come true (literally) or a nightmare. As with all professionals, a lender should return your phone calls promptly, answer your questions so that you understand what they are talking about, provide a good faith estimate so that you know what all of your fees and costs will be up front and provide an open line of communication and cooperation with you, your real estate agent, appraiser and closing attorney. I usually recommend that my clients work with local lenders for several reasons. A local lender is committed to rebuilding New Orleans and knows the neighborhoods here. You can walk into their office and meet with them face to face. They know the realtors, insurers, closing attorneys and appraisers in our market. The single most important reason to use a local lender is that their underwriting department is not in Houston or New Jersey, but in New Orleans, and possibly in the same building as their office and if there is a problem they can walk down the hall, solve it and put you in your new home.

Posted by:Kelli Wright