3 Things Your Mortgage Loan Officer Wants You to Know

In this tricky real estate market, selecting an experienced and knowledgeable mortgage loan officer can help you save time, money, and a slew of headaches. Buying or refinancing a home during this pandemic requires research and a little bit of luck, but those in the market for a home don’t have to go it alone. Here are 3 things your mortgage loan officer wants you to know:

1. The rate market is fluctuating and will continue to fluctuate during 2022. “The Federal Reserve has indicated we may potentially face three or more rate hikes during 2022,” explained Joe LaGiglia, a Senior Mortgage Loan Originator with Oak Leaf Community Mortgage. “There is absolutely no benefit to waiting to receive our free analysis if you’re looking to buy or refinance a home. Inflation is driving rates up, so now is the time to take action.”

2. In this fast-paced housing market, having the correct documentation ready to go and responding quickly to your loan officer’s communications will help smooth the process and potentially give you an edge over other buyers. “Requirements for documentation are more strict during this pandemic,” added LaGiglia. “There’s a general fear that people’s employment status can change quickly. Providing the required information quickly and in full will expedite the loan process; having your ducks in a row before you even find a property is the best-case scenario. Properties are selling so fast these days that you have a better chance of getting what you want if you’re prepared.”

3. Your loan officer may be your new best friend. “A seasoned loan officer will guide you through the process, and can provide invaluable advice,” said LaGiglia. “We offer a network of professionals that can aid you during your tenure of home ownership. At Oak Leaf Community Mortgage, we want to be your Lender For Life; to us, it’s not just a transaction, it’s a relationship we plan to maintain forever.”

For more information, please contact:

Joseph LaGiglia

Sr. Mortgage Loan Originator

630-936-3242

JosephL@MyOakLeaf.com

NMLS ID: 703971