Ian Aubourg
About Ian Aubourg of East Greenwich
Ian Aubourg of East Greenwich is business development professional with years of experience working within the mortgage industry. Mr. Aubourg has served in a diverse range of capacities within the financial sector, holding roles such as financial coach and Assistant Vice President of a home loan provider. Previously, Ian was the Regional Director of Movement Mortgage, LLC, an impact loan organization focused on unique approaches to home loans for buyers, having sustainable, long-term positive impacts in communities, and educating others on the many moving parts involved in the process.
Mr. Aubourg is currently the Senior Vice President of Mortgage Equity Partners, a mortgage loan provider that prides itself on its ability to serve as an alternative to big box companies, banks, and broker models. In this role, he is responsible for duties such as assisting with the strategic vision of the organization, ensuring that teams have the tools necessary to succeed.
Ian has built a reputation within his industry on his commitment to hard work and remaining humble. Ian has always made a point to learn all aspects of the mortgage industry, which has helped him build an extensive knowledge base and serves as a vital resource for those seeking loans and lenders alike.
Finding the Best Mortgage Lender for Your Needs Can Be Easy!
As a leader in the mortgage industry who understands how important the decision of partnering with a lender can be for prospective homebuyers, Ian Aubourg of Greenwich consistently helps individuals who are exploring the space better understand their needs and access the best mortgage solutions possible.
Here, Ian explores how people in need of mortgage loans can find a lender that is best suited to their needs.
Check Your Credit Information
A great first step when exploring mortgages is to find out where you stand in terms of credit. Reason being, one’s credit profile can have a significant impact on the kinds of loans and interest rates that lenders are willing to offer. Those with high credit scores can often enjoy lower rates and better loan solutions because they are seen as a low-risk borrower.
Ian Aubourg finds that checking your credit report can be helpful for getting a clearer picture of the options that are available to you. If your credit is not up to snuff, don’t fret. Instead, consider building up your credit before applying as it can help you save thousands of dollars in interest.
Consider Your Financial Situation and Budget
Aside from having an idea of your credit, it is also important to assess your financial situation as a way to determine your mortgage lending needs. How much house you need, the down payment you can afford, a mortgage’s impact on your monthly budget, etc. are all worthwhile considerations at this stage. This can set the stage for asking lenders the right questions when the time comes to evaluate them.
In addition, it can also be helpful to consider where you would like to live and the area’s property taxes and homeowners’ insurance expenses. This can vary based on location and is often factored into your monthly mortgage payments.
Know What Type of Mortgage You Need
Experts will tell you that selecting a lender is about more than just getting the lowest rate possible, you will also want to be sure that you are getting the right type of mortgage. This is important to determine early on because all lenders do not offer the same mortgage programs, with some specializing in specific types.
Ian finds that there are many varieties of mortgage loans that can be available to you depending on a list of factors. A few examples include conventional loans, USDA loans, FHA loans, jumbo loans, and VA loans.
Compare Mortgage Lender Rates
When you understand the types of lenders out there and mortgage that you may need, shopping around and comparing offers is a great way to save thousands over the course of a loan’s term. Experts often recommend requesting quotes from at least three lenders, providing you with a good range of options to choose from. Comparing these rates to information that you can get through mortgage calculators can also help to ensure that the information that you receive makes sense.
When shopping around, always pay close attention to factors such as fees, interest rates, monthly payments, private mortgage insurance (PMI) monthly payments, taxes, down payment costs and requirements, closing costs, and the experience of the loan office you are considering.
Speak With Your Top Choices
Ian Aubourg mentions that coming with questions for your top lender choices can be very beneficial for determining if they are a good fit for your needs. There are dozens of worthwhile questions to ask a lender before partnering with them, and resources exist that break down comprehensive lists. A few things that you may want to ask about are the type of mortgage that the lender feels is best in your situation, how much your down payment will be, if you qualify for any down payment assistance, your interest rate, annual percentage rate, if you will have to pay mortgage insurance, the cost of your monthly payment, and any associated closing costs.
Remember that, when you ask questions to a mortgage lender, you are also getting a feel for how much you enjoy working with them. If you do not like their answers, have a bad gut feeling, or do not feel as though they are being as direct as they should be, there are always other options out there.
For More Mortgage Industry Insights from Ian Aubourg of Greenwich
Ian Aubourg is extremely passionate about contributing to conversations in his industry as he feels it helps professionals in the space and those who are seeking out mortgage loans make more informed decisions.
Interested in more high-level posts inspired by Ian Aubourg’s experience as a mortgage lending leader? Tune in to the blog for information on topics including:
- Mortgage Industry Resources
- Professional Development
- Sales and Business Development
- Recent Mortgage Industry Developments