There a many lenders and many programs available for purchasing a new home. Doing your homework and selecting a lender you feel comfortable with is now easier than ever. There are a multitude or resources, tools, and comparison available online and your realtor can be a great source as well.
In recent surveys, one of the most frustrating points in a home sell or purchase is the closing process when a lender cannot complete the transaction in a timely manner. For this reason, selecting the "right" lender is crucial. Here are some things to consider in your due diligence search for a lender:
- Feedback from other customers on their experience
- Feedback from family or friends who utilized their services
- Feedback on the loan officer you'll be working with
- Feedback from your realtor
- On average how long is their approve to close time frame
Note: The more you know about the lender, the better your experience will be.
10 Steps to Home Ownership: Step 8: Organize and Gather Pertinent Information
