When you buy a home, you’re in it for the long haul. You’ll have a mortgage payment for 15, 20 or 30 years, after all, so it’s smart to shop around to find the best mortgage lenders out there. Pick the wrong company, or go with the wrong product, and you could overpay for your home loan.
Finding a mortgage lender involves more than just getting a good interest rate; you want to work with the best mortgage companies, staffed by professionals who will guide you through the process.
Below are five tips to help you hunt for the best mortgage lender. For details, click here.
Get your credit score in shape. The higher your credit score, the more bargaining power you’ll have.
Know the mortgage lending landscape. We’ve done some of the homework for you below.
Compare rates from several mortgage lenders. You can search for the best mortgage rates online.
Ask the right questions. Find out about communication, fees and requirements.
Read the fine print. Principal and interest payments aren’t the only costs of homeownership.