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Thinking of getting a mortgage :: How to choose the best lender?

Author: Anonymous
Subject: How to choose the best lender?
Posted: Wed Aug 17, 2005 5:52 am (GMT 0)
Topic Replies: 1

Hi Mortgagefit Community,

Continuation of the last post : Common Question on Pre-Approval

Ask these questions to find the best lender:

Choosing the right lender is indeed very difficult. Analyze your financial situation and then proceed with information about the lender and loan process. The following questions will make your task easier.

Information about Lender:

For how many years have you been in the mortgage industry?
If needed, can you process the loan faster?
What are the different types of mortgage programs offered?
Can you give me the references of those people whose loans you have processed?

About Loan Process:

Where is the mortgage loan processed?
What is the total time required to process a mortgage loan?
Can the Lock-in also be extended if closing gets delayed?
Are the latest updates on loan processing available?
How long does it take to get a loan approved?

Analyze your Financial Situation:

Do you offer any special programs with lower interest rates or reduced closing cost for the first time buyers?
How much of a loan amount can be borrowed on a mortgage?
What can be done to fix the past credit problems?
What can be done to qualify for the required loan?

Please include these points on your guide. Hope it will helps more.

Thanking the Community,
Samantha

For the full story see:
http://www.mortgagefit.com/discuss/about730.html
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