When you are buying a new home
in town or refinancing your present one, it is smart to do some
comparison shopping among lenders. A low interest rate isn't the only criterion
by which to judge a loan. You should also consider the terms of the mortgage,
what your closing costs will be and the reputation of the lender.
Realtors are a good source of information about
loans and lenders, whether you are buying a home or just refinancing your
present home. We routinely assist buyers when they need a mortgage in order to
purchase a home. We know what loan packages are available and the qualifying
requirements. The companies with the lowest rates sometimes have very
conservative underwriting guidelines, and may not be willing to make loans on
certain types of property or to buyers who are marginally qualified. We can tell
you which companies and loan officers will go the extra mile to provide
excellent service to make sure that the transaction closes.