I know what you’re thinking. “I don’t know the first thing about mortgages, so how am I supposed to know who to pick as my mortgage lender?”
Choosing your lender should be the most difficult decision you make during the mortgage process because if you choose the right lender from the start, you will have access to all of the information and help you need to make the rest of the mortgage process feel like a walk in the park.
If you are in the market to purchase a home and you want to make sure you are choosing the right lender for your situation, the following tips should help.
The best place to start is with reputation. You can ask your family and friends who they worked with for their mortgages and whether or not they would recommend them. It’s also a good idea to find out why they did or didn’t like them because what they were looking for may not be what you need. Other great people to ask for recommendations are your real estate agent or financial advisor. These professionals work with mortgage lenders on a regular basis and should have some great insight for you.
Once you have gotten a few recommendations, do your research. Take the time to read through the reviews on their Google My Business and social media pages and browse through their websites. In addition to being highly qualified, you should also look for a lender who is helpful and trustworthy and who’s personality meshes well with yours.
Conducting this research should help you narrow down your choices. If you are still left deciding between a couple different lenders, schedule calls or meetings with them. This will give you the opportunity to ask them about the aspects of the process that are important to you. Their answers to your questions should help make your final decision easier.
It is important to remember that when you are choosing the right lender for your situation, it isn’t all about rates. Rates are just one of the many factors that should be considered when you are deciding who will be helping you through one of the largest financial transactions you will ever make.
If you have questions about the mortgage process or how I can help you, don’t hesitate to give me a call today! I love helping people and I can’t wait to help you find the best home financing possible!