Choosing a mortgage lender is one of the bigger life decisions you may make, so making your choice judiciously is, to say the least, pretty important. Consider these three tips to help keep the process manageable.
3 Things To Consider When Choosing A Mortgage Lender
Consider a lender who can offer pre-approval as well as help you improve your credit score in order to get a lower interest rate. Pre-approval can help identify issues you might face while finding a mortgage and the best lenders will assist you through these challenges, helping you create a plan to overcome them.
Be sure to compare rates. No lender can outright guarantee the lowest rate. There are credit checks, applications, and closing costs to consider. Review these costs carefully; a lower interest rate may come in exchange for higher origination fees.
Ask lots of questions! As with any new endeavor, there may be issues that arise that you don’t quite understand. Keep a list of questions you can run by your potential lenders to get a feeling for how you and the lender will work together.
Stonebridge Mortgage Group can help you with your Real Estate Loans and other mortgage solutions, both residential and commercial. We serve the greater Portland area and are located in Gresham, Oregon. Call us today at 503.661.5580.