When you're buying a home, you'll most likely need financing and as
with anything you buy, it's wise to shop around for the right one.
You probably wouldn't buy the very first house you looked at; you'd
look around at others to compare and see what's available. In the same
vein, you should shop around for the right mortgage lender. Talk to at
least three or four lenders. Remember: the best lender may not always
have the best interest rate or get you the lowest payment. For example,
if one of your needs was to save money by paying less in interest over
the long term, you might choose a 15-year mortgage with a higher rate
rather than a 30-year mortgage with a lower rate.
- Ask lots of questions about your personal financial situation
- Be readily available to answer any and all questions you have
- Be committed to finding the most appropriate loan for you, not getting you into a "one size fits all" type of loan
- Never ask you to do anything that you feel uncomfortable with
- Return your calls and emails promptly