One of the first concerns of a new homebuyer is how to get a home mortgage loan with the most favorable interest rate. Most homebuyers don't give much consideration to the quality of the mortgage lender's service and their record of performance. Consumer statistics show that 90% of today's buyers look at the price of the home and the cost of the loan.
It is recommended that homebuyers exercise care in the selection of both mortgage lender and type of mortgage loan. Buyers who focus on the lowest rates with little or no attention for the quality of service they will receive could be setting themselves up for difficulty and disappointment. If the interest rate sounds too good to be true, there are probably hidden costs. Investigate the terms, fees and points associated with the loan.
The best mortgage lenders provide more than just low cost, high volume loan processing. The best lenders offer first-rate service: clear communication, orderly processing, meticulous documentation and timely completion of deadlines.
You deserve the best service available. Ask your real estate agent to recommend a quality mortgage lender.
~ Jean
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