loan approval: Questions Buyers Should Ask a Mortgage Lender...
- 09/24/07 11:29 AM
How do you decide which lender is best for you? There is a lot more to the mortgage process than getting a good rate. High costs in fees and poor service can come as very unhappy surprises. Here's a list of suggested questions you might ask a lender: • How large is your company, and how long has it been in business? • Are you a licensed mortgage broker or loan officer in Texas? • Is your company a mortgage banker or a mortgage broker? (A banker lends its own funds; a broker searches mortgage sources and arranges for you to receive financing from (0 comments)