Picking a mortgage lender is a big decision. After all, they’ll be handling what’s likely the biggest transaction of your life (not to mention managing your loan for decades to come).
Want to make sure you choose right? Here’s how:
- Ask for referrals from friends, neighbors and your agent.
- Read reviews on each lender you consider. Check with the Better Business Bureau, Yelp and Google.
- Compare rates and closing costs. Make sure you’re comparing the same things, too.
- Look beyond costs. Consider their reputation, average closing times and even how easy/digital their process is. Do they have an in-house underwriter?
Just ask me for my list of preferred lenders. There’s no one better than your agent to recommend a lender as he/she has worked with on numerous transactions.