We hope you find the -Lender Checklist helpful. It will outline some key aspects your funding institution should provide as a standard.
First & Foremost: “Availability” for Consultation:
- Given the complexity of million-dollar loans, it’s essential that the lender of choice is readily available to you for consultations, be it in person, over the phone, or through video conferencing.
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Suggestions for some of the best funding resources. Find Lender addresses and information at the bottom of this page. Each link represents that lenders strong suit for your review.
1. Experience with Jumbo Loans:
Homes priced over $1,000,000 often require jumbo loans, which are larger than the loan limits set by Fannie Mae and Freddie Mac. Lenders experienced in handling jumbo loans understand the nuances and unique requirements associated with them.
2. Competitive Interest Rates and Terms:
Even a slight difference in interest rates can lead to significant differences in payments over the life of a million-dollar loan. It's essential to find a lender offering competitive rates and favorable loan terms.
3. Personalized Customer Service:
High-value transactions deserve a more personalized touch. Look for lenders who offer dedicated loan officers or relationship managers to guide the buyer through the entire process.
4. Flexibility in Loan Products:
The lender should provide various loan products tailored to the buyer's needs, such as adjustable-rate mortgages (ARMs), interest-only loans, or fixed-rate mortgages with varying durations.
5. Strong Financial Reputation:
Ensure the lender has a solid financial foundation and a good reputation in the industry. Check for reviews, ratings, and any complaints with regulatory bodies.
6. Efficient and Swift Processing:
When dealing with luxury real estate, properties can move quickly. A lender's ability to expedite loan approvals and processing can be a decisive factor in securing a dream home.
7. Privacy and Discretion:
High-end buyers often value discretion. Ensure the lender has a history of protecting its clients' privacy and handling transactions discreetly.
8. Comprehensive Online Platform and Tools:
Technology plays a crucial role in modern real estate transactions. An efficient online platform for application, documentation, and loan tracking can streamline the process.
9. Transparent Fee Structure:
Ensure the lender provides a clear breakdown of all fees associated with the loan without any hidden charges.
Reputable Luxury Home lenders for your consideration.
Get in touch today if you have questions we can answer and receive a complimentary review of where you are to get started.
Nations Lending Las Vegas
BRIAN ESPOSITO Branch Manager | Las Vegas, NMLS# 1535781 (O) 702-665-7721 | (C) 702-279-2475 brian.esposito@nationslending.com 4 Summit Park Drive, Suite 200, Independence, Ohio, 44131, Phone: (877) 816-1220
Valley West Mortgage
Give us a call (702) 696-9900 (888) 913-9444 Other contact methods Office Fax: (702) 436-2400 info@valleywestmortgage.com Business Hours Monday – Friday (8:30AM – 5:30PM) Visit us 8010 W. Sahara Ave. Suite #140 Las Vegas, Nevada 89117
Red Rock Mortgage
CONTACT Red Rock Mortgage 810 S. Durango Drive, Suite 105 Las Vegas, NV. 89145 Phone: (702) 320-9595 BUSINESS HOURS M-F: 9:00 am - 5:00 pm SAT: By Appointment Only SUN: closed
Alderus Mortgage Las Vegas
NMLS #1931974 3841 Charleston Blvd., Suite 100 Las Vegas, Nevada 89102 (702) 255-5783 (702) 255-5983 Toll Free: (866) 925-3378 Mon – Fri: 9:00 am – 5:00 pm
This is a great place to start your search if you do not have a lender at present.
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- 5550 Painted Mirage Rd Ste 140 Las Vegas NV 89149
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