"How do I select the best lender?" is a commonly asked question from those who are looking to buy a home.
Although this may sound like a self-serving answer, the best way to be certain that you are selecting the right mortgage lender is to ask your real estate agent. Agents work with a variety of different lenders from a plethora of different banks, brokerages, and mortgage companies, and they have a good feel for who offers the widest array of products (or at least products that may best fit your needs), who offers the best service, and who has the most competitive pricing.
It can be very difficult for a consumer to compare loans from two different lenders, because there are so many moving parts – interest rate, APR, term, origination costs, loan commitment/lock in fees, mortgage insurance, different down payment requirements, etc.
Ideally, you want to meet with a lender who will assess your current situation, and will recommend several different financing options/strategies that best suit your needs. Your Liz Moore agent can help you compare programs, as well as introducing you to local lenders who do a great job.
Are you looking to start the home buying process? Email us at concierge@lizmoore.com, we'd love to help! Or, click below to download our free Home Buyer's Handbook.
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