There is no doubt that buying a home is a daunting, multi-step process. As a first-time homebuyer, however, the process is more likely at least a little bit more demanding for several reasons. One reason is that one may not have as much of an established credit history as a current homeowner. One may also find it difficult to navigate all of the steps in the home buying process, steps that may be more familiar (even if just as tedious) to an established homeowner with experience as a homebuyer.
Regardless of whether it’s one’s first time owning a home, one of the most important steps in purchasing a home is selecting a home lender. A home lender determines one’s interest rate and ultimately, the total price of the home at the end of the loan. The home lender is also responsible for facilitating and distributing the home loan, so it is important to choose a lender whose company policies and vision align with what is best for the buyer.
Introducing Mr. Cooper
Without doubt, there are countless mortgage lenders to choose from. From the largest banks to the smaller banks, and to the local credit unions: many financial institutions offer mortgage loans. Mr. Cooper is unique because it is a financial institution that is not general like so many others but rather it is one that specializes in mortgages. Mortgage servicing and origination is all that Mr. Cooper does, so that the consumer can rest assured that Mr. Cooper excels at it.
Mr. Cooper was first established in 1994 and is headquartered in Dallas, Texas. With nearly 4 million customers, Mr. Cooper is one of the largest mortgage lenders in the United States and the country’s largest non-bank servicer.
Given their exclusive dedication to everything mortgage-related, Mr. Cooper’s specialization ensures the maximum attention to all its customers seeking mortgage services. This is a definite advantage for any homebuyer but is especially beneficial for a first-time homebuyer navigating the complicated, detailed and sometimes lengthy process of home buying for the first time.
Advantages of Mr. Cooper
As a specialist in mortgage servicing and origination, Mr. Cooper prides itself in its expertise in everything mortgage-related, as well as the personalized level of service it offers. This level of service at Mr. Cooper’s stems from the belief that the customer deserves best.
As a United States based mortgage company, Mr. Cooper offers exclusively US-based customer service. Maintaining U. S. based customer service ensures that personnel are more easily available to answer any questions the homebuyer may have, or otherwise to help resolve any issues that may arise in the home buying process. This accessibility in customer service is especially helpful for the first-time homebuyer, who may need additional help in navigating the home buying process.
Mr. Cooper understands that as a homebuyer, no matter how far one is in their home buying journey, questions are bound to arise, and this is especially true for first-time homebuyers who are not as familiar with the home buying process. That’s why Mr. Cooper’s website and mobile application are built with ease in mind, while still full of important information important for the homebuyer.
For example, the Mr. Cooper website and mobile application includes multiple calculators to help both the current and the prospective homeowner structure finances with regards to home buying. One calculator determines the length of time necessary to pay off the total home loan. There is also a refinance tool. Another calculator-aimed at those still renting, and possibly looking to become a first-time homebuyer-helps determine whether it is more financially savvy to continue renting. For those who decide to proceed with buying a home, Mr. Cooper provides a do-it-yourself calculator that determines how much a homebuyer can afford to spend. While determining affordability is helpful for any homebuyer, this calculator is especially helpful for the first-time homebuyer who may not be accustomed to the financial responsibility of a loan as large as a mortgage. As a first-time homebuyer, these easy-to-use tools are invaluable for help with the financial planning of home ownership and purchase.
Mr. Cooper knows that there is no such thing as a one-size-fits-all mortgage loan. That is why Mr. Cooper offers multiple types of home loans to choose from, depending on each individual homebuyer circumstance and goals.
Buying a home is a multi-step process that can intimidate anyone but especially a first-time homebuyer, as someone who lacks experience in the home buying process. Mr. Cooper is not like most lenders who are generalists. Mr. Cooper prides itself in being a specialist in one particular loan: the mortgage. The expertise, specialization and excellent customer service of Mr. Cooper is what makes him an attractive home lender, particularly to those looking to buy a home for the first time.
For a life decision as impactful as buying a home, it would be wise to choose a specialist like Mr. Cooper, over a financial institution whose interests are broader. Especially for a first-time home buyer, Mr. Cooper offers the expertise and attention that is important in making a decision as impactful as a first home purchase. First-time homebuyer or not, there is no doubt that Mr. Cooper strives to be the best in the mortgage servicing and origination business, with a wealth of online customer testimonials to verify that position.