How to find a mortgage lender
Posted on Monday, April 9, 2012 at 8:08:39 PM
If you’ve decided to transform that rent check into a mortgage payment, it may be time to start researching lenders. Choosing the correct residential financing option can take some time as both the lender and the type of loan can greatly affect the success and cost of owning a home.
"You want to sit down with two or three lenders to make sure you find one who's a good fit, the right match for you as a borrower rather than a product pusher," Michael Jablonski, executive vice president and retail production manager for BB&T Home Mortgage, told Bankrate.com. "Mortgage lending should be a collaborative process."
Talk with a representative from multiple lenders to determine which one is best for you. Getting pre-approval for a loan from a few different financial institutions can help you determine which company offers the best home financing. Lenders offer pre-approval to homebuyers in order to provide benchmark sums to use for budgeting.