When buying a home, be sure to research lenders early on in the process. You want your mortgage professional to be attentive and fair. Ask them to examine your circumstances and explain why or why it’s not a good time for you to buy. Let them explain how mortgage discount points work and if they make sense for you. Ask them exactly who will be servicing your loan. Is it their company or an outsourcing firm? Purchasing a home is a major life milestone, so it’s important to find a good lender to support you through this exciting time.
- Buying a home is the largest purchase consumers will ever make. But finding a lender you click with can be a challenge, especially if you wait until the last minute.
- It’s important to find a lender or broker who communicates well with you, and in a manner you’re comfortable with.
- To see if a lender is a good fit ask some open ended questions like who will service the loan, how much you have to pay before the deal closes, and what to do to qualify for a good rate.
“Twenty-one percent of home buyers reported buyer’s remorse over their lender, according to a recent J.D. Power study.”