How to Choose a Mortgage Lender

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How to Choose a Mortgage Lender

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The mortgage lender plays a vital role in helping
you get your home loan. Here are some tips for
selecting the right mortgage lender.

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1. Shop around and compare

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Speak with several different lenders and compare
what they each have to offer in terms of interest
rates, terms and loan types.
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2. Look for experience with situations like yours
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You want a lender who is not only experienced but
also knowledgeable on the different types of
mortgage loans.
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3. Read reviews
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Customer reviews can give you great insight into
what its like to work with a particular lender.
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4. Get a first impression
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• Youll be working closely with your lender, so
  take note of your initial impressions.
• Are they prompt to return your calls?
• Are they friendly and courteous?
• Are they willing to explain things to you?

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Compare Loan Estimates
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After you apply for a mortgage, lenders are
required to provide a Loan Estimate. Compare
each lenders fees, interest rates, and other
loan details by comparing these forms.