Building a new home is exciting. And there are a lot of decisions to be made during the process. Most of which are about how your home is going to look when it’s completed. But one of the more important decisions you’ll need to make is what lender you’ll use.
Now, most builders prefer that you work with a lender of their choosing. And they’ll offer plenty of incentives to make it an attractive option. Those incentives can range from offering to pay closing costs, upgraded finishes or appliances, and even a finished basement or sunroom. Again, these are all very enticing offers. And they can be hard to pass up.
However, it’s likely they’ll come at a price of increased closing costs and a higher interest rate. And while builders may tell you they can give you the best loan option, you should always shop around to find a lender that’s right for you.
Relationships Matter
This business is built on relationships. And in this instance, the builder’s preferred lender is actually more invested in that relationship. Now, it’s possible that working with their lender is your best option, but you won’t know until you do your own research. We believe it’s best to work with a lender that’s invested in a relationship with you.
Better Financing
Who’s going to give me the best rate? It’s the ultimate question when it comes to financing your new home. A lender like Guardian Mortgage can offer you a variety of new construction specific loan programs with competitive interest rates, and several rate lock options. Access to those programs gives you more buying power and confidence when you decide to build a new home.
Customer Service
Building a new home is a monumental process that’s ultimately made easier when you work with a lender that truly cares about providing unparalleled customer service. And working with Guardian Mortgage gives you access to over 50 years of experience. We put our customers first with free phone consultations, and consistent and frequent status updates. Providing them peace of mind and confidence throughout the entire process. We understand the importance of buying and building a new home. And want to make it as pain free as possible.
You’ll always have countless lender options when you build a new home. And that’s a good thing. But it’s important to shop around and find a lender that truly works for you. At Guardian Mortgage, we believe we are that lender. We have several options for construction loans including our Guardian exclusive proprietary programs built just for you.
If you’re building a new home and want to explore your mortgage options, our Guardian Mortgage Loan Specialists are always ready to serve you.