borrowers – The Lawhead Team https://marilynlawhead.com The Lawhead Team, Because Two Lawheads are Better than one! Mon, 01 Oct 2018 16:56:08 +0000 en hourly 1 Bogged Down Borrowers https://marilynlawhead.com/bogged-borrowers/ Mon, 01 Oct 2018 16:56:08 +0000 http://www.marilynlawhead.com/?p=4837 Are borrowers frustrated with the borrowing process when applying for a mortgage?

The Lawhead Team would like to share the latest One Cool Thing about borrowers views on making the mortgage process a little bit easier:

Home buyers want the mortgage process to be less onerous and faster, but they also want more personal interaction as they navigate a transaction.

Borrowers views on how to make the mortgage process easier:

  • 27% reduction in paperwork
  • 20% easier to shop and compare terms from lenders
  • 16% less back and forth during the process

Mortgage shoppers want the person-to-person interaction:

  • 65% prefer a person to explain mortgage terms and options
  • 58% want assistance reviewing final loan documents
  • 58% prefer a person to help them review final documents
  • 56% want help singing loan documents

Source: Fannie Mae National Housing Survey

Planning to apply for a mortgage? Borrowers have been impressed with the smooth process The Lawhead Team provided for them!

 

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