Lender Recommendations

The seller will not consider your offer without a pre-approval letter. The first step in buying a home is to start a mortgage application. It’s best to know your approval amount before viewing properties regularly. Initially looking $20,000 over your loan limit will make it harder to find a home you’ll be happy with. There may be credit issues you’re not aware of. Your loan officer can provide suggestions to increase your credit score. It can take 6 months or more to raise it to a level needed to obtain a mortgage.

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Get a Second Look – If you have a favorite bank or already have a pre-approval letter, I suggest calling at least one of these loan officers to compare rates and fees. Avoid national lenders you’ve seen on TV stating you’ll get the lowest rate. Compare their rates with a local lender from below. I had a buyer pre-approved with a national website lender. They took my advice to compare. My lender gave them a 1/8% lower interest rate and get this, $1200 less fees. This was well worth making the extra phone call.  NOTE: If you know your credit score is marginal, don’t call too many lenders. Each time your credit report is checked, it lowers your score by several points.

I highly recommend each one of these loan officers. Each provides the professionalism you deserve. Inform anyone you call here that I am your realtor. Applications can be done over the phone. Guaranteed Rate Affinity can provide 24 hour written approval! Call them for a ‘Second Look.’

Lynne Schelereth – Preferred Rate 3018 Winghaven O’Fallon, MO 63368 314-504-8426 Cell Lynne.Schlereth@preferredrate.com Lynne’s website

 

 

 

 

 

Heather Mayfield – Preferred Rate 3018 Winghaven Blvd O’Fallon, MO 63368 636-734-6161 Cell heather.mayfield@preferredrate.com Heather’s website

Wes Sutterer – USA Mortgage 1795 Clarkson Rd Suite 200 Chesterfield, MO 63017 314-262-6905  Cell wsutterer@usa-mortgage.com Wes’s website

James Gillespie  – Guild Mortgage 17280 N Outer 40 Rd, Ste 101 Chesterfield, MO 63005 314-369-8199 Cell 314-530-7273 Office Ext 54755 jgillespie@guildmortgage.net James’s website

 

 

 

 

 

 

 

 

If you have credit issues and need help, or simply want to build your credit score, I suggest contacting Mr John Boll at the Credit Care Company (Facebook page); Ph 314-485-9940, Office 888-238-1790;  10805 Sunset Office Dr, Suite 300. St Louis, MO 63127. Here is more information about the company on the owner’s Linked-in page – johnb@thecreditcarecompany.com