Thursday , 22 June 2017
A Look Behind The Curtain – How To Choose A Mortgage Lender

A Look Behind The Curtain – How To Choose A Mortgage Lender

Buying a house is a lifetime investment and can be a daunting task. Nevertheless, not everyone can just pay out of pocket. The usual course to homeownership is by opting for mortgage. Depending on your credit rating, unfixed and fixed rate of interest can fetch a huge amount.

However, all future homeowners who pass the requisites of borrowing a loan are given the same chance when they opt for mortgage lenders, but it not an end. Selecting the best mortgage lender is the first and the most essential step. Therefore, let’s check us how to choose the best mortgage lender in town.

It depends on your credentials

Before you can even begin to pick and choose between mortgage lenders, and as a borrower, you must have an outstanding and impressive credit and a good source of stable income. Even if your salary doesn’t seem sufficient, you need to prove by documentation that your will meet your requirements and can pay off the loan successfully.

Moreover, you can sign your co-signers such as spouse or family members to back up your statement. Always remember each and every firm is different so you may have to add your sources of income.

Where to look for mortgage lenders

It is not advised that you should approach the lender whose name you just remember from a commercial. Although these institutions have good reputations and can give you sense of satisfaction, they may not be the right one of you and can charge very high in the future. Therefore, before you make any final move, you need to find out a mortgage lender who has the right licenses and degrees.


Southern California has lot of money lenders and selecting the right one can be exhausting. Everyone is screaming out loud that they are the best. Maureen Martin has got 10 years of experience in her cap and has a long list of satisfied clients. You may consult with her if you want a good mortgage lender service.

Ask a close friend

You can start off by asking people in your social circle. Your friends, family members or colleagues can refer you to a good broker. The other persons that you might ask are your attorney, financial advisor, an accountant or even a realtor in your circle. Since they deal with mortgage lenders more specifically and can obviously give your good advice.

Do your own research

Needless to say, the internet is a vast resource to help you find your perfect mortgage lender. Research about the lender and understand their offering details. You must check their respective website and analyze everything about fees, lock-in periods, points given by the agencies and clients, qualification and types of mortgage.

Remember you should write down everything and then compare it, after you have made few choices you must ask them about Good Faith Estimates (GFE) and Truth-In-Lending (TIL) statements. These are issued by legal regulatory bodies and are the best way of judging a lender.

In the end, if you are sure about your needs and stuffs and have the right back up information, you are travelling towards the right investment path. Your new home should not be far in south California if you want to choose the right lender.

Author’s Bio:

Arthur Cooper has written this Guest Post. Maureen Martin has 10 years of experience as a mortgage lender and she has never failed to satisfy her customers. She could be contacted online by visiting their website or on a call.

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