Are Loan Officers Becoming Obsolete?
The supercomputers in our pockets can manage our work and personal lives and provide answers at the click of a button.
So if we have all we need in the palm of our hand, do we really still need mortgage advisors?
Are You a DIYer?
As technology advances at rapid speeds, the role of a Loan Officer seems to be getting smaller and smaller by the day.
And that’s okay.
Some folks are better served by self-serving. They are the DIYers who enjoy keeping tabs on mortgage industry updates, doing deep research, and are well-versed in strategic financial planning.
For this group, I see little need for them to engage the help of a Loan Officer.
Does Your Expertise Lie Outside of Mortgage?
However, in my experience, most people have knowledge gaps when it comes to home financing strategy and execution.
And this is where an experienced Loan Advisor can save you a bundle.
If you’re dealing with a quality Loan Advisor, their number one goal is to help you make smart financial choices.
They keep their pulse on the market, know how the latest government announcement affects your purchase and refinance options, and take the time to learn about you and your goals.
A good Loan Advisor fills in your knowledge gaps and walks with you through the hows and whys of home financing. They are willing to meet with you, talk with you, and answer all your questions. They walk you through options, pointing out the pros and cons of each. They help you develop a plan to manage and protect your investment.
They are your home financing advocate, teacher, and guide.
You know yourself best. You decide if hiring an expert is in your best interest. Loan Advisors often offer free consultations. I recommend you take advantage of that to help you determine which option is right for you.
To speak with an Axia Loan Officer about a purchase or refinance, find your local expert here.
Axia Home Loans Guest Author:
Equal Housing Opportunity. Axia Home Loans is a registered tradename of Axia Financial, LLC. NMLS 27830.