Key Differences: Local Mortgage Lenders and Online Lenders

  • My City Mortgage is a local lender with a local physical location and can be easily accessed in person; an agent or borrower can stop in at any time. Online lenders are typically only accessible through a website or phone call.
  • My City Mortgage is a local lender with strong relationships with local real estate agents and other vendors, which can be helpful during the home-buying process.
  • My City Mortgage is a local lender with a better understanding of local ordinances, taxes, and homestead exemptions, and can offer more personalized advice.
  • My City Mortgage is often able to offer faster turnaround times and more favorable terms, especially if they are direct lenders with in-house underwriting staff.

Overall, working with My City Mortgage can offer a more personalized and supportive experience and the opportunity to build a long-term relationship with someone knowledgeable about the local real estate market.