How do I select a lender?
When most people think about choosing a mortgage lender, they
think about finding the lowest rate. Of course, financial considerations are important to every home
buyer, and you certainly should consider the different rates lenders in
your area offer on comparable loans. But you also want a lender you can
trust and someone you can work
with effectively. So don't
let rates be your only criteria.
There is little difference between a
bank, savings and loan, or a mortgage broker when it comes to the
competitiveness of their loan rates. The difference is in the service they provide. Here's the process we recommend: Talk to people you know who have
bought or refinanced a home recently. Talk to a loan
officer so you can get
a feel for what it will be like to work with them, and how they approach your
needs. If you're still uncertain, ask for references
from recent home buyers, and talk to them. Don’t rely solely on someone else’s recommendation though.
You must feel comfortable with your lender. If you
feel comfortable with your lender and trust him,
it will be much easier to trust his advice on what kind of mortgage
will best suit your needs. In
todays lending environment you will create more of
a relationship with the loan officer than you will with the bank or
lending institution. You want
to make sure the person that assists you in obtaining your mortgage is a
fulltime committed professional. One
that returns calls promptly and pays
close attention to details.
At
Landmark Mortgage,
we want to help you get approved for your loan.
The more information, good or bad, that you provide us with, the
easier it will be to get an approval.
We
want to help get your loan approved so you can move into your new home as quickly as possible.
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