Know who to contact for your va loan.
If your shopping for a va loan and have contacted several websites, one thing you will learn really fast, is that everyone wants your business. If you are contacting multiple websites hoping that someone will contact you back, you’re in for a big surprise. In today’s declining housing market not only are real estate agents desperate for a sale, but so are loan officers. Loan officers make money when people like you buy homes. So if you apply or even contact a lender, you can bet they are going to contact you back. However, you will notice that more people will contact you than your expect. That’s because many online VA loan companies are not mortgage brokers at all. They are what we call “Mortgage Lead Generating Companies”. They get your name, number and email and sell it to multiple lenders and loan officers around the country. You may never know it, until people from companies you have never heard of, begin contacting you. And trust me, they will contact you. Day or night, and they keep calling. You may be in San Diego and you some chipper guy calls you at 4.a.m because he’s in Tampa Florida and just bought your number from a lead company. To him your next month’s car payment! How impersonal is that!
Its not uncommon for mortgage leads to get sold a couple dozen times for weeks or even months. We hear stories from previous clients that were contacted by loan officers months after they had purchased their home.
So please be careful who you contact and know if they represent a real mortgage company or if they are just harvesting names to sell to dozens of hungry brokers.
Tags: VA Loans
