If you've been finding it hard to choose a mortgage, you're not alone. Home loans…
Choosing the right home where you will raise your family and work on your dreams is already a challenging business, but it might feel like a piece of cake to some compared to looking for the ideal mortgage loan. You might get told that you need to improve your credit score, run so much paperwork, and negotiate with house sellers and mortgage lenders. The home loan process is definitely no joke!
When your credit score is not up to scratch, you might also think that it’s not worth getting your hopes up even to try applying. But when it comes to home loans, it’s really not more about your credit history than the number of options that are offered to you.
Did you know that you are still eligible for a mortgage even if your credit score is just 500? Sometimes, you need to take the first step in the right direction to know what’s out there.
You’ll be glad to learn that consulting services can offer their help, especially if you are located on the Gulf Coast. Today, we’re going to talk about one such business based in Louisiana.
There’s no need to feel alone when there are financial professionals that are just one phone call away!
The Difference Between Loan Officers and Mortgage Brokers
There can be two types of professionals you will encounter in the mortgage industry as you apply for a home loan. You might either talk to a loan officer or get help from a mortgage broker. Between the two, a customer might prefer the latter, and we’ll explain.
A loan officer is someone who sells home loans for a particular company. When you want to purchase a property or even want to see if you can get pre-qualified, you might go to a bank or lending business to talk to a loan officer. This finance professional will then look over your profile and use their resources to determine if you can get a loan through their business. If you don’t meet the company’s requirements or you can’t afford their rates, your loan may not be approved, and no other options may be offered. If you’re lucky, you might only ever need to talk to one loan officer, but this is not often the case.
On the other hand, a mortgage broker does not always work for a single company. They really work for the customer and use their resources to look for the best lender. Whether they are called brokers or advisors, these professionals look at your specific needs and use their tools to shop around for the best mortgage. You might say that you really avail their service so that someone can do the legwork if you don’t have the time. Truly, however, your mortgage application just gets powered by their own experience in the mortgage business, raising your chances of getting the best type of loan.
A mortgage broker can advocate for you at several lending businesses to give you a better world of opportunities. These are finance pros who will make it their business to make you a happy customer.
Intelligent Mortgage Consulting Services
“…helping customers afford the home of their dreams for many years…”
Headquartered in Louisiana, Intelligent Mortgage Consulting Services is a company that looks out for its customer’s best interests. Their loan officers are mortgage experts who also function as advisors for their clients, helping them look for the best deal to acquire their dream property. It’s hard to find businesses like this one that go the extra mile for each customer!
When the mortgage process can feel so complex to some, having someone at your side to help you can feel empowering at each step of the way.
In a review on their social media page, one customer says, “This was the easiest, most stress-free process for us. Our agent, John, went above and beyond for us. He truly did. He was very attentive and personal. We really appreciated him for making this go as smoothly as possible. I recommend John through Intelligent Mortgage if you have any loan needs.”
Although their offices are located in Louisiana and Texas, you can also avail of their service if you purchase property in Florida, Alabama, Virginia, and Mississippi!
Intelligent Mortgage is also happy to report that they are bringing their business to California by the summer of 2021.
Their website is licensed in Louisiana, Texas, and Virginia, providing a special focus on the Greater Baton Rouge, LA area and the Hammond, Lafayette, and New Orleans markets.
For a smoother consultation or application process, don’t forget to prepare the following before you email:
- the financial documentation of the property’s sale, including proof of deposit,
- copies of your pay stubs as well as W-2 forms,
- statement of assets and investments,
- list of your current debts as well as information about these,
- and finally, you will need to prepare funds for an application fee.
Remember, in case you have gaps in your employment history, you will need to write an explanation letter detailing your financial situation. And, if you are self-employed, it will also be better to show your tax returns for the immediate two years before your application.
If you are looking to apply for a mortgage on the Gulf Coast, you can check out Intelligent Mortgage’s website here. For inquiries, you can phone 225-810-4287. Their main business address is found at 4000 S. Sherwood Forest Blvd. Suite 304, Baton Rouge, Louisiana 70816.
It’s time to stop dreaming and make homeownership your own reality! Are you ready?