Having a hard time deciding which mortgage is right for you? Going through the process of finding a mortgage can be confusing. Check out these tips that may help you in finding a mortgage that can work with your needs.
Below are 3 tips for finding the right mortgage for you:
Ask and Search
Start by asking someone close in your universe that has recently gotten a mortgage; see if they can recommend their lender. Ask a financial adviser, an accountant, your attorney or your realtor to help you with a short list of lender referrals. These people deal with mortgage lenders regularly and can help you filter that continuum with the greatly disparate expertise and wherewithal and add real confidence to your decision.
Search the internet and thoroughly investigate offerings for details. Advertising is shiny, so squint through the glare and find out about fees, lock-in periods, points and qualification requirements for what is being featured. Source: Forbes.com
When you get quotes from companies, don’t look at just the interest rate. Look at the rate and all the fees, including points, origination fees and any other fees charged by the lender. A “no-fee” loan just means the fees are included in the rates. Source: Money.USNews.com
Consult a Mortgage Adviser
They’re able to look at a range of mortgage products which suit your needs. Some look at deals from a limited list of lenders, others are tied to a specific lender, and there are those who will check the whole market for a wide range of products. Source: MoneyAdviceService.org
If you have any questions or need further assistance, please give us a call or contact us here.
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