Mortgage Companies

Written by Tara Peris
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The process of evaluating potential mortgage companies can be more than a little intimidating for those new to the real estate market. It is important to keep in mind, however, that you are the one in the driver's seat. With countless lenders competing for business, you can and should strive to be a discriminating customer.

A home is the biggest purchase most people will ever make. The magnitude of the financial commitment is enough to make anxiety levels climb, and it is hard to navigate the decision-making process while preserving one's peace of mind. At the same time, if you find a lender you can trust, the entire process becomes considerably easier.

The Screening Process

Given the importance of what you are undertaking, it pays to take your time while screening potential mortgage companies. The most important quality to look for in a lender is trust, and if it is your first time buying a home, it makes sense to obtain referrals from friends and family. In addition, local real estate agents can often provide reliable referrals for local lenders.

Regardless of the referral source, you will want to look for an individual who is familiar with your specific market. You will also want to inquire about each lender's experience working with people in your financial demographic. Take your time and ask questions as you interview different lenders; you should emerge from each screening with a good idea of what it will be like to work with the person in question.


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