Do you need mortgage loans to finance a new home purchase? Have you been dissatisfied by the almost-robotic service you may have experienced from other St. Louis banks or lenders?
At Jefferson Bank & Trust, we’re big on mortgage loans: yours!
Mortgage loans have many different names and purposes: Conventional, Fannie Mae, Freddie Mac, Home Equity, and more. No lender understands dynamics of the mortgage market better than Jefferson Bank and Trust.
As a local St. Louis bank and mortgage lender, we also provide both high-tech online banking and old-fashioned one-on-one customer service. Our staff has industry-leading rates of low employee turnover. That means that the same loan officer who gives you your first mortgage loan will probably be there with you when you finish paying it off, and they will be there to answer any questions you may have along the way.
To learn more about how we can help you get the best rates on mortgage loans, call our bank in St. Louis today at 314-469-8049 or come by one of our St. Louis banking locations.
The Advantages of Home Ownership
Home ownership has many advantages compared to renting. Getting a great deal on mortgage loans can help you get those advantages sooner than you thought possible. The advantages compared to renting include:
- Lower cost of living prices in the long run
- Options to improve the property
- Security of knowing that your rent will not increase
- Long-term benefits of capital gains from homeownership – as home values rise, so does the value of your investment
Why You Should Seek Preapproval for Mortgage Loans Before House-Hunting
Did you know that getting pre-approved for your mortgage loan can dramatically impact the speed and ease of your home search while also possibly reducing the price that you pay for the property?
Many new home buyers avoid getting approved for a mortgage until after they’ve started negotiating with the seller. This often results in the negotiations stalling as they work through the process – especially if the borrower has less than ideal credit.
In contrast, a borrower who has been pre-approved for mortgage loans has more accurate knowledge than the borrower who waits until the last moment:
- When you’re pre-approved for mortgage loans, you know the maximum price you can pay.
- You can make a binding offer on the property immediately.
- When there is another party interested in buying the house, you have more leverage compared to them if you are already pre-approved.
At Jefferson Bank, we’re eager to work with you to get you pre-approved for your mortgage loans. We look at your credit score, income, debt-to-income ratio, debt mix, your income documentation, and assets to make the best offer on mortgage loans that we can provide. Unlike many other banks that just look at the numbers on your account, we also get to know you, make a qualitative analysis, and give you an uncommonly fast response to applications for mortgage loans.
To find out why we’re one of the best banks in St. Louis for mortgage loans, call us at 314-469-8049 or use our convenient online contact form to send your questions directly.