Help you find the best mortgages to buy a new home or refinance an existing loan.
MORTGAGE LENDER in Bethesda, MD
Experience
Experience in the mortgage industry since 1997.
Security
End-to-end security for your online mortgage application.
Features
You will get the best mortgage rate possible for your case.
Support
Support at all stages of the deal.
Boris Cherner Mortgage Lender
Purchasing or refinancing your home is a complex undertaking that involves a number of participants and variables. I have been in the mortgage industry since 1997 and I understand the anxiety that comes with making the most expensive investment of a lifetime. My objective is to be your advisor, to educate you and to make the mortgage loan transaction as transparent and as stress-free as possible. I enjoy establishing personal connections and work mostly by referral. I thoroughly explain the process and available options, and guide my clients to make choices that best fit their needs and financial goals. Once the underwriting begins I communicate regularly and keep my clients apprised of the loan status from the beginning through the end. My relationship with clients does not end at the closing table. You are my client for life and I am always available to answer your questions and provide you with guidance.
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Loan Types in Bethesda, MD
Loan Programs in Bethesda, MD
What Is a Mortgage Lender in Bethesda, MD?
A mortgage lender is a mortgage lending institution that will take you through the house loan process from the beginning to the end (or from origination to closing). A mortgage lender will underwrite your home loan and then fund it with its own money. Unlike a mortgage broker, a mortgage lender will do everything in-house and constantly monitor and control your mortgage lending process.
The Benefits of Working with a Mortgage Lender in Bethesda, MD
Finding and purchasing a perfect home takes a serious commitment. Most of us will spend countless days, if not months, reviewing listings, seeing homes, visiting openhouses, comparing these houses and deliberating which one is best. Choosing a lender for house loans, on the other hand, is usually (and unfortunately) a very quick process. Most buyers just take their realtor’s recommendation or, for convenience, go with the bank where they keep their money.
That is not the best way to go. A house is not just a place where you live. It is a financial investment and you should treat it accordingly. You need to spend some time and identify a mortgage professional who will offer the home loan most suitable to your situation, provide competitive rates, educate and guide you through the mortgage loan process and always be available for any questions after the closing. You want a lender for life.
Choosing a Mortgage Lender in Bethesda, MD
Finding the best mortgage lender is the same exact process as finding a contractor, a doctor, or a car mechanic. You should spend some time and go through the same basic steps.
Get Recommendations
Ask your friends, colleagues, family members if they worked with someone in the recent past and had a good experience. Ask them what made their experience a good one. Your real estate agent may have a recommendation as well, but do not stop at that. Be diligent and do your legwork.
Read Reviews and Look at their Website
Look at Yelp, Google, Zillow and other places that offer mortgage lender reviews. These reviews are written by past customers and can paint a clear picture of how the lender operates and communicates during and after the mortgage loan transaction. Someone without reviews may be too new and inexperienced.
A lender’s website should offer some information about the mortgage lending process, mortgage loan interest rates, available programs and lender’s experience. Their website does not have to be pretty, but it should be informative. A website with little or no relevant information should be a red flag.
Have a Conversation
Once you identify one or two mortgage lenders that you might consider for a home loan, set up an interview with each one of them. Have a list of specific questions prepared in advance, ask each mortgage professional the same questions, and take notes so that you can compare these lenders. Offering competitive rates is not enough – you want to work with someone that you can develop and enjoy a long-term working relationship.
How the mortgage lender handles the initial interview can tell you a lot about their work style and ethics, and help you decide on who to work with. Your mortgage lender should get back to you quickly, be interested in speaking with you, take time to answer your questions, explain the mortgage loan process in detail, and work to make you a more educated consumer. If a mortgage lender cannot find enough time for your questions at the starting line, they will certainly not be available for you during the home loan process.
Money Talks
There is no free lunch and there is no free mortgage – there are always closing costs and you want to discuss those with your mortgage lender in your first conversation. Upfront transparency about costs is a major factor in identifying which lender you should work with and which lender you should stay away from. Standard third-party fees, like appraisal, credit report and flood certification will vary by tens of dollars. You are more concerned with processing, underwriting, administration fees and origination and discount points. Ask for a loan estimate. If the loan estimate shows points that the mortgage lender did not initially discuss with you, that is another red flag.
Consider Everything
Compare the fees and rates you received. If there are no significant differences, you want to work with a mortgage loan lender who took more time to explain the mortgage process to you, provided you with more details, and educated you. That education will help you make more informed decisions and save you money in the long run.
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Reviews Mortgage Lender in Bethesda, MD
Boris Cherner Lead Mortgage Lending Professional in Bethesda, MD
I have been in the mortgage industry since 1997 and I understand the anxiety that comes with making the most expensive investment of a lifetime. My objective is to be your advisor and to make the transaction as transparent and as stress-free as possible. I enjoy establishing personal connections and work mostly by referral. I thoroughly explain the process and available options, and guide my clients to make choices that best fit their needs and financial goals. I offer competitive mortgage lending rates for home loans and a seamless online lending mortgage process. Once the underwriting begins I communicate regularly and keep my clients apprised of the loan status. If you want to find the best lender for mortgage, please call me at 312-296-4175 or email me at connect@borislending.com. I offer a variety of mortgage options to suit your need. Together, we can explore and select the perfect mortgage solution tailored to your financial situation and goals. I lend in all 50 states and I am never too busy for your referrals!!
Latest Articles
Should I Buy a Home Now or Wait for Lower Interest Rates?
My personal opinion on this has always been buy when can, do not wait for improved market conditions. There are opportunity costs to waiting to purchase a home and I will get to them in a bit, but first let’s discuss the current (end of March 2024) interest rates: Are current mortgage interest rates high? […]
FHA Loans: Exploring Basics and Requirements
In the world of home financing, a Federal Housing Administration (FHA) Loan shines brightly offering a ray of hope for countless prospective homebuyers. Tailored specifically for individuals with modest incomes or less-than-perfect credit scores, FHA loans offer a unique opportunity to turn the dream of owning a home into reality. Whether you’re a first-time homebuyer […]
2024 Conforming Loan Size Limit Increase
In anticipation of the changing economic landscape and evolving real estate market, 2024 brings with it a significant shift in the conforming loan size limits. These limits, determined by federal authorities, play a pivotal role in defining the accessibility and affordability of mortgages for aspiring homeowners. As we delve into the details of the 2024 […]
What Credit Score Do I Need to Buy a House?
The credit score you need to buy a house can vary depending on the type of mortgage loan you are applying for and the lender’s requirements. Generally, a higher credit score will make it easier to qualify for a mortgage and secure lower interest rates. Here is a rough guideline: Keep in mind that your […]
FAQ about Mortgage Lender in Bethesda, MD
What is a mortgage lender in Bethesda, MD?
A mortgage lender is a financial institution or individual that provides loans to individuals or businesses to purchase a property in Bethesda, MD, with the property itself serving as collateral for the loan.
How do I choose a mortgage lender in Bethesda, MD?
To choose a mortgage lender in Bethesda, MD, you should consider factors such as interest rates, fees, customer service, reputation, and the lender’s loan products and eligibility requirements.
How to get pre-approved for a mortgage in Bethesda, MD?
To get pre-approved in Bethesda, MD, once you have chosen a mortgage lender, you will need to fill out a mortgage loan application, sign all the preliminary mortgage loan disclosures, and supply your lender with all your supporting income and asset documentation.
How long does it take to get mortgage pre-approval in Bethesda, MD?
Depending on how busy the market is keeping the mortgage lender, a pre-approval can take one to two weeks. Providing all the supporting income and asset documentation to the mortgage lender upfront can help expedite this process.
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