Information for Buyers: Selecting a Lender
Whether you are buying a new home or refinancing your present one, it is wise to do some comparison shopping among lenders.
The interest rate should not be the only criteria to compare loans. The terms of the loan and closing cost can be just as important, as well as the reputation of the lender.
Your professional agent is a great source for information on loans and lenders. Agents routinely are working with lenders and assisting buyers to find the right mortgage for their purchase.
Your agent is familiar with the variety of loan programs and rates that are available. The lender with the lowest rates may sometimes have much more conservative underwriting guidelines and may not approve a loan to buyers who are marginally qualified.
Your professional real estate agent can recommend several lenders that will go the extra mile for you to get you moved into your new home.
We have learned this information through years of experience. However, we are sure your situation might be different. That's why WE ARE HERE. It is our job to personally advise home buyers and sellers. Ask us if any of the information here applies to your situation.
If you have any questions about the information you have found here or somewhere else, ask us. We will respond quickly without cost or obligation.