5 Questions to Ask Potential Mortgage Lenders Before You Agree to a Loan

5 Questions to Ask Potential Mortgage Lenders Before Agree to a Loan

Just like everything else in life, it pays to shop around when it comes to mortgage lenders. But how do you know you're choosing one that's really right for your needs? You start by asking questions. In fact, check out this list of five questions to ask potential mortgage lenders before you agree to a loan. 5 Questions to Ask Potential Mortgage Lenders Before Agree to a Loan When you're working on your "short list" of potential lenders, call each of them and speak to a representative. Ask: How do you communicate with your clients? How long will it take to get preapproved, the … Continue reading...

Types of Mortgage Lenders

Types of Mortgage Lenders

When you're buying a home for sale on 30A, you'll most likely need to work with a mortgage lender - but how do you figure out which one is best for your needs? You start by understanding the various types of lenders. Types of Mortgage Lenders These are the five main types of mortgage lenders: Credit unions Mortgage bankers Correspondent lenders Savings and loans Mutual savings banks Here's a closer look at each. #1. Credit unions Credit unions are member-owned banks that often offer the best rates to their shareholders. (Each member is a shareholder.) They used to be … Continue reading...