Today, potential homebuyers continue to read about the tightening of credit standards by lenders and that foreclosed properties are still on the rise.
Even with the economy’s current obstacles, there is still a desire to purchase a home. The reasons vary from a growing family, the need for independence, moving to a new neighborhood, a new job or promotion, or just because they came across a home that they fell in love with.
Ridgewood Savings Bank understands the anxieties that come along with the purchase of a new home, and for the past 94 years has helped individuals through the mortgage process and identify solutions that work best to suit their needs.
Ridgewood believes that direct personal service can go a long way for homebuyers, especially if this is their first home buying experience. Many homebuyers may need answers or assistance after business hours, which are why Ridgewood Mortgage Consultants are not only available at our branch locations, but will also meet at a person’s home or place of business.
Having the expertise of a Mortgage Consultant can be important because many consumers read ads that very often persuade them to go with a bank that “seems” to offer the lowest rates. Unfortunately, many of the ads are confusing and do not take the individual borrower’s needs into consideration. We encourage our homebuyers to ask about lender fees, third-party fees, when the rate locks and for what period of time, and what the overall process is. Our Mortgage Consultants want potential homebuyers to feel like they have reached a source that will take the mystery out of the mortgage process and offer solutions for their specific needs.
To help potential homebuyers, Ridgewood hosts Homebuyer Seminars throughout the year featuring a Mortgage Consultant, a home engineer/architect and an attorney to explain the various aspects of the home buying process. The dates of these Seminars are located on our website www.ridgewoodbank.com.
Ridgewood also launched an interactive site, for those individuals that prefer to research the process on their own or can’t make it to a Seminar. The interactive website, joyofhomeownership.com features videos that answer some of the most frequently asked home buying questions. Joyofhomeownership.com can be accessed on mobile phones and other devices as well.
Ridgewood is passionate about home buying and community pride. We want people to realize their borrowing potential and to educate consumers on the overall home buying process. We strive to help our customers make the best possible financial choices when they buy the home of their dreams. Ridgewood wants to see our neighborhoods continue to prosper and exhibit the same community pride that we all share. We will continue to work with homebuyers and offer an array of loans that suit each homeowner’s needs, allowing individuals to plan out their futures in the communities that they love.
Equal Housing Lender. Member FDIC.