Find a Mortgage LenderGracik Makinney counts on the experience and mortgage knowledge of Jack Jones for many of our client mortgages. Jack is a mortgage consultant for MetLife and a trusted resource. We asked Jack for some tips on finding a good lender. His responses are below.

  • You definitely need someone with years of experience. I normally suggest using someone with at least 15 years so they understand the latest FHA laws and changes.
  • Find someone local to make it easy to meet face to face. Not only can a local lender simplify the process, he can also create a sense of urgency for the mortgage loan officer and help maintain a good reputation. 
  • Find out if your lender utilizes local resources for processing, underwriting & closing. By using resources within Elmhurst, the lender will have more control and better understanding of the loan status.
    • Be careful of brokers or banks that say they use local resources for your loan. If your loan has special considerations or circumstances, that same local broker or bank will need to go out of state to the lender with which they are brokering in order to get underwriter review. 
  • Look for a lender that does not order a second credit report a day or two before closing. 
    • Subtle changes in your credit report could lead to increased rates or penalties.
  • Seek out a lender with a full complement of conventional/FHA/VA/Jumbo loan programs. The more choice you have, the better your options.
  • Find a mortgage loan officer with a track history of attending your closing. A closing can be stressful if not handled correctly, which is why you want your lender by your side to help manage any last minute questions.