How to Find a Charlotte Mortgage Lender You Can Trust

A home is just about the biggest purchase you’re likely to make—and paying it off can take decades. That’s why it’s so important to know what to look for when you compare mortgage companies. If everything goes well, you’ll be dealing with them for a long time to come. 

You want a trustworthy, reputable, and effective company to handle your mortgage. Here are the top things to look for when choosing a mortgage lender in Charlotte, North Carolina.

Compare mortgage lenders

Finding a mortgage broker you can trust can take time. It helps if you know what you’re looking for — a home loan, a refinance, or a home equity line of credit, for example. That will help you narrow down your options. 

If you’re looking for a home loan as a first-time home buyer, or if you’re buying your first property in the Charlotte area, it’s especially important to find a dependable mortgage broker. Look for one who has experience in the Charlotte housing market and with first-time home buyers.

How to find the best mortgage lenders

Often, people looking for a mortgage simply seek out the company with the cheapest rates. But you need to consider more than just the rate on your home loan. You’ll need to judge the trust factor. After all, a cheap rate is worth nothing if your lender can’t get you to the closing table

Check online reviews and ratings

The internet is a great place to start your search. Seek out customer satisfaction ratings and testimonials to see third-party reviews of your intended mortgage lender. Do other people tend to have a good experience?

Ask for referrals from family, friends, or real estate agents

A great way to find a trustworthy, reliable mortgage company is to ask around. Find out who your family and friends have dealt with, and get their opinions on working with that company. Often, people who have had a great experience with a business are more than happy to talk about it with you.

Check with the Better Business Bureau

It’s worth finding out if your mortgage company is accredited with the Better Business Bureau. Look for an accredited company with an A-Plus rating and five stars, if possible.

Ensure they have plenty of loan options

The best mortgage companies will have a range of options that meet your needs, whether you’re a first-time home buyer looking for an FHA loan, a vet seeking a VA loan, or something else. Having plenty of options means the mortgage company can tailor the loan to your situation. 

Check for red flags

Don’t do business with any company that is full of promises but short on delivery. They should be open, transparent, and straightforward. If a mortgage company is promising you rates that sound too good to be true, they probably are.

What to ask a mortgage lender

Once you’ve narrowed down your list, it’s important to have a conversation with your proposed lender. This is your chance to see how they do business, what they’re lending philosophy is, and what you can expect from them as a customer. Here are a few questions to ask your mortgage lender:

  1. What types of mortgages do you offer?
  2. What is the mortgage process like?
  3. How much will I need to put down?
  4. Can I get preapproved?
  5. How long does it take to close a loan?
  6. What fees can I expect?
  7. Do you offer a guarantee?

The Best Mortgage Lender in Charlotte: Fairway Mortgage

You have many options when it comes to finding a mortgage company. From big brokers to the mom-and-pop shops, Charlotte’s mortgage industry is thriving. But not every mortgage company operates with your best interests at heart. 

To find a lender to depend on, go with one that is voted Charlotte’s Gold Best Home Mortgage, that is at the top of the list on WalletHub, with more than 4,000 five-star reviews, an A+ rating with the BBB, hundreds of glowing testimonials and rave reviews, and a commitment to community … something like Fairway Mortgage of the Carolinas. Get to know us and the way we do business, and then give us a call. We’re here to help answer your questions, so you too can join the Fairway Family and call Charlotte home.