Outer Banks Mortgage and Loan Lenders
You can get a loan anywhere in the country over the internet so why use an Outer Banks lender to secure your mortgage? Your instinct is going to tell you to shop around for the best terms that you can find. I think that is a good idea, however, be careful. There is more to a loan than just the interest rate. There are lenders who offer low interest rates that you will not get when everything is said and done. These same lenders will provide you with a good faith estimate that doesn't list all of the fees you will be charged. They will have you over a barrel the day before closing when they can't provide you with the promised services and now you are expected to pay the extra higher interest rate and the garbage fees or lose the deal and your earnest money.
If you find a lender on the internet or back in your home town they might offer the same rates as Outer Banks lenders. But, there is nothing to hold them to their promises. Your purchase is a one time deal to them. If you end up paying more than what was originally promised they make more money and you lose. They face no real repercussions.
The one advantage of working with a local Outer Banks lender is they know that their reputation will get trashed if they mess up locally. If one of these lenders screws up they come off this list, they get no more referrals and their reputation on the Outer Banks starts to get damaged. Out of town lenders don't worry about their reputation on the Outer Banks because they are some place far away out of our reach.
Plus, Outer Banks lenders already know how to deal with loans on houses that are fully furnished and in vacation rental programs.
This list of lenders has proven themselves time and again. Check them out to see how their rates compare and don't let yourself be swayed by empty promises.
Ask questions about fees and points because these can drive up the cost of a loan.
Wells Fargo
Linda Barber
3118 N. Croatan Hwy.
Kill Devil Hills, NC 27948
Phone: 252-441-7610
Fax: 252-441-7832
Email: Linda.Barber@wellsfargo.com
Beach Mortgage
Bernie Trevalian
5117 N. Croatan Hwy.
P.O. Box 1488
Kitty Hawk, NC 27949
Phone: 800-248-8923
Email: bernie@beachmtg.com
Met Life Home Loans
Shane Cook
6445 N Croatan Hwy
Kitty Hawk, NC
252-261-1177
Planters Mortgage Company Inc.
David Joyner
4713 N.Croatan Hwy.
Kitty Hawk, NC 27949
(800) 813-2650
(252) 261-1100
