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Modern technology has had an impact on numerous areas of our world today, including several big financial realms. This includes the mortgage world, where the ability to send and receive information online and via numerous devices has expedited several areas of what used to be a long, arduous application and approval process.
At Primary Residential Mortgage, we’re proud to offer numerous modern tools for those looking to take advantage of this reality. We have a robust online application portal that’s simple and easy to use, plus a wide range of information and assistance methods throughout our website. At the same time, we understand that not everyone wants to digitize their mortgage experience to quite the same degree – some may still desire that personal touch that comes with working directly with our mortgage lenders. With this in mind, let’s go over some tips we can offer on maintaining a proper balance here, expediting your mortgage application while also keeping you comfortable and up to speed with personal service.
Considerations for Online Applications
When you’re considering using an online application service like ours, there are a few things to consider. The first is the reputation of the organization you’re thinking about using – many online-only lenders, for instance, have not been around very long and may not be able to prove transparent processes and licensure. These entities should generally be avoided, and instead you should use organizations like PRMI, nationwide mortgage entities with long histories.
In addition, ensure that both online and in-person forms of communication are acceptable. Many people want to have a sit-down meeting with a lender to understand all the basics of this process, plus get individual advice about their family’s needs. This also builds a relationship with someone who borrowers can call in the future if there are any questions.
Starting Online, Maintaining Personal Communication
In many cases, clients prefer to begin the application process online, but still maintain access to a lender for any questions on the details of the process. Through this method, you can start things off in the comfort of your home while you provide basic information, rather than needing to come into a physical location or send mail every time paperwork or documentation is needed.
Throughout this process, our mortgage professionals will work with you to ensure you’re comfortable. If you prefer certain updates via the phone so you can ask direct questions, that’s no problem at all. Whatever is the simplest, most streamlined format you’re looking for, we’re happy to meet it and help you work toward a great mortgage in a way that’s comfortable for you.
For more on the balance between online tools and in-person comfort while applying for a mortgage, or to learn about any of our home loan services, speak to the staff at Primary Residential Mortgage today.
*PRMI NMLS 3094. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Opinions expressed are solely my own and do not express the views of my employer.