Mortgage Loans, Like Snowflakes, are Unique: Here is What You Need to Know

From a distance, snowflakes look identical. However, once you take a closer look, you can plainly see that every snowflake is unique. Believe it or not, home loans are also like snowflakes -- no two are the same. 

Consumers seeking to get pre-approved for a home loan, buying their first home, or learning about the home buying process might not understand this concept. After all, it’s only natural to think that home loans, like a standard checking account, are the same other than the amount of the loan or amount of money in the bank. 

I learned about the uniqueness of loans years before I became a loan officer. When I built my first house, I shopped around for rates. I had to give in-depth details about the house, my husband and I, and what we were looking to build. Every quote I received was dramatically different. 

So what does this mean? This means that you're not comparing apples to apples if you’re just calling around and asking lenders for their rates without providing details. Looking at advertised rates is similar to looking at snowflakes from the comfort of your home -- you can’t really see their true shape and form. 

Example: Looking Beyond the Initial Rate

Let's say you're offered a 1 percent interest rate. Wow, what a deal! Before jumping for joy, just remember that if you never get to a closing, the rate won't matter, and all you’ve received is a big waste of time. 

If it seems too good to be true, it is! Instead, what you want are trustworthy referrals for loan officers. Ask your real estate agent for suggestions, find out who people you know have had good experiences with. Then, have an open conversation with each of your options before deciding on your loan officer. 

Ready for an open and honest conversation with a knowledgeable loan officer? Call our office at 985-300-LOAN or check out my websites: and

Stay tuned to my blog for additional information and tips on securing a home loan with a financing package and loan that works for you! 

August 5, 2020
Mortgage Tips