How Do I Find a Good Mortgage Lender In Albuquerque

Real Estate Agent with Albuquerque Homes Realty 16572

How Do I Find A Good Mortgage Lender In Albuquerque

Many first time home buyers and even seasoned home buyers may ask “How do I find a good mortgage lender in Albuquerque?”  It’s a great question with a multitude of possible answers.  You might search online, read the home seller magazines, let your fingers do the walking or just call one from those billboards hanging around town.  I’m not necessarily applauding any of these techniques.

Listen to your Realtor when selecting a lenderFinding the best loan officer for you and your specific needs is very important and should not be taken lightly.   One of the best ways to find a good mortgage lender is by speaking with your Realtor®.  Your Realtor® has first hand knowledge of area lenders and their practices. A Realtor® sees both sides of a transaction regardless of the who they represent and gets a good overview of just how a lender is responding to their client, to the REALTOR(s) and the title company.  Are they taking care of business in a timely fashion or waiting to the last minute to pull a hat trick.  I have seen far too many transaction where the lender's actions have created unnecessary obstacles,  were laxidaisy in preparation or just offered horrible customer service.  As a borrower you want a lender who is professional, on task, proactive and offers a personal approach to their clients and the other pertinent parties involved in the transaction.

The process of obtaining financing in today’s economic environment can be the most stressful and difficult part of the home buying experience.  Be prepared and do your homework before hiring the, speak to your REALTOR® or at least ask friends or family for their referral. It never hurts to speak to more than one not only to compare fees and rates but to be sure you’re comfortable and feel connected with that individual.

Remember if you're asking How do I find a mortgage lender?,  be sure to speak to a Realtor®  

If you are considering the purchase or refinance of an Albuquerque, Rio Rancho or Central New Mexico home call me, John McCormack,  Realtor®  I would welcome the opportunity to provide you the names of my preferred and seasoned mortgage officers.

How Do I Find A Good Mortgage Lender In Albuquerque

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John McCormack    Owner/Managing Broker,  e-PRO

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Martha Brown 08/01/2012 03:12 AM
ActiveRain Community
New Mexico Bernalillo County Albuquerque
Active Rain Newbies
The Lounge at Active Rain
Bartender, Make it a Double
albuquerque mortgage lender

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Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota Real Estate Expert

Realtor referrals are probably the best. If you have a referral of someone who just used that lender in completing a mortgage that is good too.

Jul 31, 2012 11:27 PM #15
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi John - You're absolutely right about who knows where to find a good lender. Mary & I are certain we know the very best lender in northern Colorado, just as you certainly know the right person in the Q.

Jul 31, 2012 11:32 PM #16
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning John,  Yesterday I had a closing and the buyer agent recommended her lender, figures where not there 3 hours after the closing time.  Her buyer was upset and so where my sellers.  The buyer wanted to know of who I would of use.

Jul 31, 2012 11:58 PM #17
William True
True Sarasota Real Estate - Sarasota, FL
Sarasota Real Estate

Good morning, John -- great post for consumers on how to find a good mortgage lender in Albuquerque, NM. I have hit the suggest button, my friend, and wish you a great day ahead!

Aug 01, 2012 12:35 AM #18
Steve and Jan Bachman
RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax - Herndon, VA
Realtors - Northern Virginia


This is such good advice John. Lenders come and go. Experienced real estate agents always have 2-3 go to people who have fairfax county real estate agents Jan and Steve Bachmanbeen recommended and come through for their clients. A sharp lender can either make or save a transaction.

Aug 01, 2012 12:49 AM #19
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Oh John, If they would only get to us first then we could direct their paths. Oftentimes it's too late and the buyer is committed.

Aug 01, 2012 01:24 AM #20
Kristine Ginsberg
Elite Staging and Redesign, LLC - Short Hills, NJ
NJ Home Stager

John - excellent advice for home buyers and you are the Realtor who can help buyers find a reputable lender! You are with your clients from start to finish in the home buying process and have all the information they need!

Aug 01, 2012 01:50 AM #21
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

John, that is the right answer to your question...."how do I find a good mortgage lender"... your Realtor of course.

Aug 01, 2012 02:21 AM #22
Jon Eliason
EXIT Realty Advantage Pagosa, Pagosa Springs, Colorado - Pagosa Springs, CO

John ~ Good advice. Having a Lender that knows the Town is critical, IMO. They are the ones that live in the area and know it as well. BTW, I like Rebeccas response... lol...   :)

Aug 01, 2012 02:27 AM #23
Toni Weidman
Sailwinds Realty - Trinity, FL
26 Years Selling Homes in New Port Richey, FL

John - I almost dread when they come pre-loaded if I don't know the person/lender they are using. It can be a nightmare with the wrong one.

Aug 01, 2012 02:29 AM #24
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy


This is excellent advice.  The online guys have the best of intentions, but they don't know the ins and outs in a particular marketplace.  I remember a guy telling me he lends all over CA,, and doen't have an office in Los Angeles.  How does he know how the market REALLY is in LA when he is in Nevada?  Talk to your realtor is exactly the answer.  A

Aug 01, 2012 02:30 AM #25
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire


Such good advice for all borrowers out there. They should remember the old adage, if it is too good to be true, when blindly picking the low "come on" interest rates often posted on the web. Just tell them how many horror stories that happen when the borrowers is at the title company signing closing docs only to find the interest rate is higher than what they were initially quoted. cheers cvc

Aug 01, 2012 02:45 AM #26
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Realtors are definitely great people to ask for a good mortgage lender recommendation.  

Aug 01, 2012 03:10 AM #27
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

John - Great post on how to find a good mortgage lender in Albuquerque, New Mexico.  Since the big financial melt down many buyers, and current owners that want to get a new loan, or refinance don't know who to call.  If you need the names of some good Alberquerque mortgage lenders, call John McCormack, he is a full service REALTOR!

Aug 01, 2012 05:54 AM #28
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist

Hi John, this is very good advice for home buyers.  I agree that as a realtor with lots of experience, you would be able to recommend a good mortgage lender  in Albuquerque New Mexico!

Aug 01, 2012 06:30 AM #29
Bryan Robertson
Los Altos, CA

I'm sure you've got a great list of mortgage brokers and lenders who can help any client.  If a buyer needs advice on a lender, talk to John!

Aug 01, 2012 07:30 AM #30
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert


Really good advice to all who are thinking of buying a home. One of the first things all buyers should do is hire an excellent Realtor and then find a good mortgage person.

Aug 01, 2012 08:24 AM #31
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY

Finding a good mortgage lender is a crucial aspect of having a smooth buying experience.

Aug 01, 2012 09:00 AM #32
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Good evening friends -

No matter what area one is buying property in be wise and ask your Realtor® How Do to Find A Good Mortgage Lender in your area.  REALTORS are a great source of information!

Each of your comments, input and suggest are greatly appreciated.  Martha your re-post is a high compliment!  I have read and left a comment on each of your post today.  Hope you have enjoyed a good and productive day in all you did.


Aug 01, 2012 09:28 AM #33
David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

A good reputable lender who can make things happen is rare similar to a good solid and knowledgeable Realtor. Some fo it is luck if you find one you can get good referrals for the other. If you get a bad one then fasten seatbelts the ride is going to get bumpy

Aug 01, 2012 03:42 PM #34
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