Comments on: Using a local lender can save you a lot of headaches!

By: Brent Edwards

Brent Edwards — Wed, 22 Jul 2009 22:49:50 +0000

I agree with Eric. I am Brent Edwards and I also work for a local lender. At America’s Mortgage Resource, our underwriters are the best in the business. Their knowledge of the business and the market helps process the loan faster which in turn takes any last minute head-aches out of the way. We are generally waiting on the closing date instead of pushing it back.
Another problem with out of state lenders is they do not understand the unique real estate market of New Orleans. Where else in the world has a shotgun duplex next to an $750,000.00 single family?

By: Julie Baudier

Julie Baudier — Wed, 22 Jul 2009 18:25:10 +0000

Hi-Im Julie Baudier with Standard Mortgage,we are a local lender here in New Orleans for the last 99 years!
Our underwriters are here in the office with us for fast turn around time. We can close your loan in 2WEEKS!

By: Kathy Case - Bayou Title

Kathy Case - Bayou Title — Tue, 21 Jul 2009 20:37:08 +0000

Hi. I’m Kathy Case with Bayou Title. I had to comment as I totally agree with Eric about local lenders. I get to witness, first hand, how much difference it can make when you can match a face to the lender (& they can match you to a realtor). Often a loan is ’shopped’ by the interest rate and thats only part of the equation. Often times, the fees associated with the out of town or internet lenders make it much less of a ‘bargain’. And the effort put forth toward getting your loan closed is seldom the same.
Local lenders make it happen!