With one of the most vibrant housing markets in the United States, Dallas and the Metroplex are a leader in the home mortgage industry. For those not familiar with the area, the Metroplex is actually Dallas, Fort Worth and surrounding areas, making it the largest metropolitan area in the United States not on a coastline.
The area is approximately 1,470 square miles of urban designation and 9,286 square miles of metro area, with a population of just over 5,100,000 people.
This means that a lot of new homes are being built and a lot of existing homes are being put on the market. With more people moving to the Metroplex and Dallas constantly, mortgage companies are also flocking to the area.
The Trend to Online
One change that is evident for consumers shopping for mortgage companies in this area or anywhere in the country is the growth of online mortgage lenders. These companies offer straight-forward, easy to access information, handy online applications and require much less time in meetings and waiting for loan approval.
Keep in mind, online doesn’t mean there isn’t personalized service from these online mortgage companies. The best will offer a variety of communication methods with lending experts from actual in-person meetings in local offices to phone consultations and even email exchanges for simple questions.
Ease of Application
Applying with traditional types of mortgage companies can be stressful. The applicants are required to ensure they have all required documents, which can be a challenge for those that are self-employed or who have a lot of different income sources and other financial considerations.
Look for the online companies that provide you with the option to easily upload documents through their website. Some of the lenders also have the option for the applicants to simply sign a form and they will contact the various financial institutes and agencies to get the necessary paperwork to approve the application.
At Guaranteed Rate, we work with customers in Dallas and the Metroplex as one of the top mortgage companies in the area. To find out more about our simple online application process, see us at website.
