Why you should consider a local neighborhood home lender!
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Getting a home loan is a complex transaction and a long term commitment. Selecting the right lender for your loan is one of the most important decisions you can make. You need a lender that is responsive to your needs, knowledgeable in all available loans and grants, transparent as well as trustworthy, and that can walk you through each stage of the transaction. You’ll also need a lender to help you with your credit, has access to a wide range of resources and understands the local market. A lender should also have access to an online loan system, competitive and transparent rates, and exceptional personal service. A lender that is local will also be there when you need them, will keep your money within the community, and have a higher turnaround time than other non-local lenders.
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Online and digital options
Many online lenders pour millions of dollars into advertising campaigns promoting the “push-button mortgage” — making consumers think the process is as easy as a simple mobile transaction. What is not widely known is that many Chicago-based mortgage lenders offer digital options as well. For example, Marquette Bank, a neighborhood bank and home lender, recently added an online home lending platform that helps make the process of getting a mortgage easier and more convenient.  

Competitive fees and transparency
When selecting a mortgage lender, make your decision not only based on interest rate but the overall cost of your loan. Large national lenders with expensive ad budgets have to cover these costs, so the lowest rate isn’t always the lowest overall loan cost. Be sure to research a lender’s record — many lenders have paid large settlements and fines for lack of transparency. Most neighborhood home lenders, like Marquette Bank, have clean records and offer fair competitive fees and rates. You can also view many testimonials of our happy customers.

Personal service and attention
Think of what makes reliable service – knowledge, professionalism and responsiveness. Neighborhood lenders offer a dedicated Mortgage Specialist for questions with options to meet in person when needed. Many online lenders offer toll-free numbers and don’t have local staff. Marquette Bank’s Mortgage Specialists have over 21 meeting locations in Chicagoland, can make in-home visits, are ready to answer any questions, knowledgeable in all mortgage loans, understand all local grant options and available through an individualized mobile app when you need them.

Local, local, local
Having a local lender provides many benefits beyond just the improved opportunity for service. Locally based lenders sometimes offer much faster turnaround because they have local decision-making, local underwriting and local coordination of closing rather than waiting on out-of-state processes and coordination. Community lenders bring knowledge of the local market and can offer insight on special homebuyer down payment or closing assistance programs. In Marquette Bank’s case, your money stays within your community and they even offer a grant for eligible first time home buyers through the Marquette Bank Affordable Housing Foundation program.

Contact us now to get in touch with one of our dependable Mortgage Specialists at 708-364-2525 or email us at mortgagecenter@emarquettebank.com. Marquette Bank is here to help you ane our Mortgage Specialists are dedicated to you and your personal needs!