These days you have many options for mortgage financing. Many web-savvy folks will apply right online or call an 800 number to apply. Many people check on financing while surfing the web for properties. 

My advice…Buyer beware! Do you really know who’s on the other end of the line? Is it someone in Kansas who’s not even licensed in Vermont? Do they know about Vermont-specific closing costs, like the Vermont Property Transfer Tax and what percent the buyer pays? Are they using local appraisers who are familiar with the specific market in which you’re buying?

If you ask your local realtor or attorney who to choose for your mortgage financing, they will strongly suggest working with a lender who lives and works in your area. They all have horror stories about the long-distance lender who made the process difficult for their buyer(s) and, consequently, the seller(s).

You may think, “Well, it’s more convenient for me to call after work and get pre-qualified. I can’t call my local lender at 8:30 at night.” But you would be surprised at how flexible your local lender can be. As a local mortgage lender, I realize that it is often difficult to meet during the work day and you need to meet after office hours. I’m always willing to meet on evenings or over the weekend. Often I will gather a lot of your information over the phone before we even meet in person.

I will work closely with your realtor and closing attorney to make the process go as smoothly as possible, minimizing any chance for a last-minute surprise! I live and work in the community. My rates and closing costs are among some of the best and most competitive in the market. I’m easy to reach and you can contact me anytime during the process with questions and I will call you back! I’m here to make your home-buying process an enjoyable one. My number is (802) 863-0403 x 223

Mark Benton is a Mortgage Planner with Regency Mortgage Corporation in South Burlington, Vermont (NMLS 94675). He, his wife, and two children live in Essex Junction.