Selecting The Right Real Estate Lender for Your Home

How do you choose a really good mortgage lender? Is it based on the best rate they are going to give me? Rate is very important, and where most people get caught up. A few percentage points can mean tens of thousands of dollars over the life of your loan. But guess what? Your lender does not determine your rate. Your credit score and your debt-to-income ratio based on Fannie Mae guidelines are what really create your rate. What you need to pay attention to is: How much is this lender going to charge me for the loan? This is where you need to be aggressive and ask hard questions as to what those fees are and how much they are going to cost you over the life of your loan. And once again how quickly can they close in this market. Shop around and listen to your real estate … Continue reading Selecting The Right Real Estate Lender for Your Home