{"id":687,"date":"2009-09-17T15:29:01","date_gmt":"2009-09-17T20:29:01","guid":{"rendered":"https:\/\/www.realty.com\/blog\/uncategorized\/the-value-of-small-lenders"},"modified":"2009-09-17T15:29:01","modified_gmt":"2009-09-17T20:29:01","slug":"the-value-of-small-lenders","status":"publish","type":"post","link":"https:\/\/www.realty.com\/blog\/housing-news\/the-value-of-small-lenders\/","title":{"rendered":"The Value of Small Lenders"},"content":{"rendered":"<p><em>Big banks don&#8217;t always come first.<\/em><\/p>\n<p><img decoding=\"async\" width=\"200\" class=\"alignleft\" src=\"https:\/\/cdn.realty.com\/blog\/uploads\/legacy\/home-loan-center.jpg\" alt=\"\" \/><\/p>\n<p>Who says you can&#8217;t benefit from taking a mortgage from small lenders? These days, the competence of small lenders lies in their market niche, as they seek borrowers with special circumstances.<\/p>\n<p>That&#8217;s right. Never limit yourself with the choices big banks and financial institutions have for you. If you shop around, you may actually find a mortgage that seems to have been tailored fit to your needs.<\/p>\n<p><strong>Among the advantages small lenders can provide are:<\/strong><\/p>\n<ul>\n<li>easier access to loans when you reside in their locality<\/li>\n<li>availability of smaller loans to low- and middle-income homebuyers<\/li>\n<li>smaller down payments<\/li>\n<li>faster approval of mortgage applications<\/li>\n<\/ul>\n<p><strong>Small lenders have their setbacks too. Among these include:<\/strong><\/p>\n<ul>\n<li>limited funds can be provided once your financial needs increase<\/li>\n<li>can be selective with the type of borrowers that they lend to<\/li>\n<li>more gullible to market adversities<\/li>\n<li>may ask the borrower to seek other sources of financing when maximum loan amount is reached<\/li>\n<\/ul>\n<p>As an added tip, it would be best to settle for a lender with years of experience in the industry. In this way, you can assess how well it transacts long-term relationships with its borrowers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Big banks don&#8217;t always come first. Who says you can&#8217;t benefit from taking a mortgage from small lenders? These days, the competence of small lenders lies in their market niche, as they seek borrowers with special circumstances. That&#8217;s right. Never limit yourself with the choices big banks and financial institutions have for you. If you &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-687","post","type-post","status-publish","format-standard","hentry","category-housing-news"],"_links":{"self":[{"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/posts\/687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/comments?post=687"}],"version-history":[{"count":0,"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/posts\/687\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/media?parent=687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/categories?post=687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realty.com\/blog\/wp-json\/wp\/v2\/tags?post=687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}