MORTGAGE MONDAY How To Choose Correct Mortgage Company

MORTGAGE MONDAY How To Choose Correct Mortgage Company

So many lenders out there--which to choose?  So many realtors out there--who do I use?  Hint:  ME!  :)  There are so many moving parts when it comes to purchasing a house.  I work with a number of lenders and can send some names your way if you would like.  Below is some info on how to choose which company is a fit for you.  www.michelleforemanrealtor.com or michelleforemanrealtor@gmail.com.


How to Choose the Right Mortgage Company

491141299
   


Get Mortgage Company Referrals


Applying for a pre-approval online can help save time and make it easier to get the best rate, but before you decide on a lender, ask for referrals.


Friends, family and coworkers who own their homes can be a great source of information.


You can also ask a REALTOR® for a list of preferred lenders.


Small Versus Large Lenders

     

Choosing between a small local lender or a larger national lender is mostly a matter of preference, but knowing which you’d prefer can help you find the right deal for your situation.


If you like personal service, and enjoy the face-to-face contact, it may make sense to choose a small mortgage lender in your local area.


If you don’t have much time to waste and seek a well-organized lender, having a larger lender may be the choice for you. Also, a large lender may have more payment options such as online payment or automatic mortgage deduction.


Mortgage Company Reputation


Generally, a good lender will have a solid reputation with accreditation and reviews to back it up. To figure out where your lender stands, start by doing this research yourself:

  • Check with the Better Business Bureau for ratings, reviews and complaints against the mortgage company.

  • Look for a posted mission statement or customer service rewards on the lender’s website.

  • Verify the lender’s standing with the local Chamber of Commerce.

  • Check review sites for both negative and positive reviews of the mortgage company.


Mortgage Company Customer Service


Finding a lender with great customer service can make things easier, especially if you have questions about the application or terms—or find yourself needing help with your mortgage down the line.


Test the lender’s customer service skills by calling with a few simple questions about the application or the lending process. After you talk with a representative, ask yourself these questions:

  • Did the lender seem knowledgeable?

  • Did you wait on hold for a long time?

  • Was the lender helpful?

  • Did you feel rushed?


Remember, first impression can be very telling in the business world, and buying a home is a big financial commitment—so you should expect to be treated well by your mortgage company.


Good Faith Estimate


Once you’ve narrowed down your choice to three or four lenders, ask for a good faith estimate: a detailed list of costs provided by a bank or mortgage lender to a borrower, required by law. The costs listed include the following:

  • Settlement or closing costs

  • Title insurance

  • Taxes

  • Attorney fees

  • Interest rates

  • Partial month interest

  • Credit check costs

  • Hazard and property insurance rates


While these are only estimate and may vary slightly from your actual costs, you can use your good faith estimate as a tool to help you chose the most reasonable lender.


Taken from http://www.realtor.com/advice/choose-right-mortgage-company/


JP Piccinini Headshot
Author:
Phone: 480-980-9025
Dated: December 28th 2015
Views: 1,849
About JP: JP Piccinini is an entrepreneur, philanthropist, proud dad and the Founder, Broker and Owner of JP a...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Our Bloggers

The Doyle Team * - 2
Comprar Casa DFW * - 4
Nikki Acker - 3
Gabrielle Armstrong - 5
Cara Balderas - 59
Tami Bennett - 45
Ramon Bermudez - 3
Justin Blackburn - 1
Jessica Boozer - 18
Rhonda Borgne - 1
Olivia Borowski - 1
Jennifer Boyd - 2
Deborah Boyd - 390
Jamie Brannagan - 1
Kathryn Brick - 1
Annette Bruen - 47
Moira Brunken - 18
Beverly Bryant - 24
Ana Cantu - 1
Lisa Cardillo - 53
Bob Cardillo - 4
Lisa Carroll - 1
Lucina Cervantes - 11
Gregory Cornett - 2
Angela Cotten - 93
Missie Craig - 12
Greg Cunningham - 2
David Darty - 1
George Dean - 1
Sarah Dieter - 9
Belinda Duff - 5
Eva Duffy - 6
Leah Ecob - 15
Kristine Edens - 3
Jill Elliott - 99
Laneal Ernest - 9
Nicole Espinosa - 27
Christopher Evans - 1
Heather Feragotti - 8
Mark Fischer - 2
Susan Florsch - 12
Jennifer Flynn - 9
Leslie Fogle - 101
Larry Frassinelli - 6
Chad Gabriel - 58
Shalee Garza - 10
Marcos Garza - 1
Tammy Gill - 1
Timothy Gilliam - 2
Christina Gonzalez - 5
Brigette Goode - 1
Wilma Goodwin - 2
William Graves - 5
Jimmy Hanks - 1
Kristen Henderson - 1
Candie Hernandez - 1
Beth Herr - 1
Hunter Howard - 1
Sandra Hunt - 92
Bill Hurd - 3
Gary Hutchings - 20
Rachel Jama - 47
Trenton Johnson - 15
Marla Johnson - 1
Felicia Johnson - 79
Dakota Joyner - 9
Sunil Kanjia - 7
Jemi Khan - 26
Leigh Klotz - 5
Amber L Johnson - 9
Michele Lafortune - 22
Wanda Lewis - 2
Dylan Lochhead - 1
Maria Lopez-Jones - 1
Stacy Lynn Massar - 27
Chuck May - 1
Jennifer Menting - 17
Mikki Migis - 8
Richard Mikus - 1
Sean Moniri - 21
Naddia Morales - 10
Candace Mozingo - 1
Mark Mulch - 19
Erick Murphy - 6
Steve Murray - 1
Julie Nicholson - 10
Nikki Okpuzor - 3
Alan Oliver - 7
Kaysone Orlando - 1
Holli Paddio - 3
JP Piccinini - 165
Julie Ann Pickering - 85
Ann-Marie Pope - 2
John Priestash - 42
Mimi Rader - 1
Shelia Randolph - 33
Teneka Ray - 1
Go 2 Girls Realty - 173
Bethany Rowan - 15
Kristi Roy - 1
Kelly Rumney - 9
Amy Jo Saenz - 3
Linda Scardis - 4
Sandy Setliff - 222
Christine Shannon - 30
Rene Sinclair - 27
Shelby Smith - 3
Rebecca Smith - 1
Bryce Smith - 5
Monica Solkhon - 1
Malena Solorzano - 1
Rodrigo Sotomayor - 16
Jenna Stanley - 9
Tim Stoll - 49
Kelley Stubbs - 3
Melodie Sulgrove - 1
Seana Taylor - 217
Mary Taylor - 15
Kevin Taylor - 15
Julian Taylor - 17
Erica Taylor - 54
Angela Taylor - 1
Karla Terrell - 2
Joey Thomas - 2
Michele Thompson - 6
Jason Todd - 24
Andrea Trimble - 55
Sarah Uber - 5
Yael VanGruber - 1
Diane Velez - 18
Debbie Viverito - 132
Rachel Walsh - 2
Nick Walton - 78
Spring Weeks - 9
Clint White - 2
Michael Worley - 164
Martina Worley - 2
Keisha York - 30
Audra Young - 1
Debbie Zurita - 17

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

JP And Associates REALTORS
6136 Frisco Sq Blvd, #200
Frisco, TX
972-375-9448


Other Locations