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Rates are flat today. Today’s rates with no lender fees are 3.625% APR on a 30 year, 2.875% APR on a 15 year and 2.875% APR on a 10 year. (click here for details)

So, how do you find an experienced loan officer? Well besides the obvious choice of using a Rates In Motion approved lender, that I already know is a highly skilled loan officer and will always lend in you favor.
Check it out in today’s video:

You will need to be looking for the kind of guy or gal that will get your loan through underwriting and to closing with no snags on their part.
Well, you’ll want to pay attention to a few things things.
First, it’s the actual experience. How long have they been doing mortgages. Years of on the job training should have sharpened their origination skills.
Second, is product knowledge. Are they experienced in all mortgage programs available. Conventional, FHA, USDA and VA loans. Some lenders do not have this skill set. They concentrate on one specific loan product.
Third, is customer service. Are they going to be available when you need them or have a question? Do they also have a system in place to keep you informed from origination to closing? You should always know where your loan is at and that it is moving forward as planned.
Overall, if you’re working with someone who is highly knowledgeable and has great service, along with a business plan of giving you the best deal upfront, you will walk away with a great experience with very little hassles.
Things can always pop up during a loan transaction but a highly skilled and educated loan officer will be able to handle them and get your loan closed.
If you thought this was good information or worth discussing, help me bring transparency to mortgage lending by sharing today’s episode on Facebook or Twitter.
Let’s change the way people shop for a mortgageā€¦forever!
– Mike
PS. To ask a question, get advice, or find out if you’re getting the best deal possible on your loan, just post a comment below.

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