Categories: Buying a New Home, Home Buying | Posted: July 11, 2018
Is there a benefit to to financing your home with a builder’s preferred lender? Buying a new construction home is not a complex situation, but it’s different from purchasing an existing home. Not every financial institution has the knowledge and experience to navigate this process. At McGuinn Homes, we want our homeowners to enjoy the entire process, from selecting their home to finalizing the purchase and moving in. We pay close attention to every detail, and we want to be sure the lender does the same.
Close on schedule.This might sound like a “given”, but we’ve heard about too many situations where the lender failed to get the necessary documents together on time. Not being accustomed to the building process, they might overlook a critical step. The result? A delay in closing and possibly an increase in the mortgage rate if your lender doesn’t lock it in. Financing a home isn’t something you want to trust to someone who is just learning about new construction homes.
A human voice.While you’re juggling the details that go with buying and financing a new home, you want to speak to a person, not voicemail. McGuinn Homes chose Southern First Bank as our preferred lender because they have proven they will respond to our customers. When you have a question—on a weeknight, weekend, and even a holiday—you can reach your lender.
Fair appraisals.Appraisers are human. They make mistakes. But an incorrect appraisal can determine whether or not you can close on the purchase of your new home at the price you agreed upon. If an appraisal comes in above the purchase price, the buyer has the choice of paying the higher price or walking away. Our preferred lender has experienced appraisers who fairly assess the value of your new home.
Special incentives.The trust that builds the relationship between the homebuilder and the mortgage lender creates another opportunity for the homebuyer. Incentives like paid closing costs and special financing programs for a builder’s homes can be available only through a preferred lender, because of the respect for one another’s integrity.
When we say “preferred lender”, it’s because these mortgage professionals have consistently performed to McGuinn Homes’ high standard for professionalism and personal service. We recommend Southern First Mortgage because they’re as invested in your experience as we are! Contact them to learn more about your financing options, and talk to us to find the right home in one of our communities or build on your lot around Columbia, South Carolina.