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How to Choose a Mortgage Lender

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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How to Choose a Mortgage Lender

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  1. How to Choosea Mortgage Lender $

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

  3. 1. Shop around and compare

  4. Speak with several different lenders and compare what they each have to offer in terms of interest rates, terms and loan types.

  5. 2. Look for experience with situations like yours

  6. You want a lender who is not only experienced but also knowledgeable on the different types of mortgage loans.

  7. 3. Read reviews

  8. Customer reviews can give you great insight into what it’s like to work with a particular lender.

  9. 4. Get a first impression

  10. You’ll be working closely with your lender, so take note ofyour initial impressions. • Are they prompt to return your calls? • Are they friendly and courteous? • Are they willing to explain things to you?

  11. Compare Loan Estimates

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

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