06/06/2022
One (very) frequently asked question that most buyers have when they first start their home search, is ๐๐ต๐ฎ๐ ๐น๐ฒ๐ป๐ฑ๐ฒ๐ฟ ๐๐ต๐ฒ๐ ๐๐ต๐ผ๐๐น๐ฑ ๐๐๐ฒ.
Do I go to my bank? Do I use the guy my sister used 5 years ago? Do I use an online lender like Quicken Loans? (the answer for that is more than likely a NO).
These are all options that you could choose, but my number one recommendation is ๐ข ๐ฎ๐ฐ๐ณ๐ต๐จ๐ข๐จ๐ฆ ๐ฃ๐ณ๐ฐ๐ฌ๐ฆ๐ณ ๐ต๐ฉ๐ข๐ต ๐ธ๐ฐ๐ณ๐ฌ๐ด ๐ธ๐ช๐ต๐ฉ ๐ฎ๐ข๐ฏ๐บ ๐ญ๐ฆ๐ฏ๐ฅ๐ฆ๐ณ๐ด. A mortgage broker is someone who reviews multiple offers from a network of lenders and advises you on the best loan offer for you and your financial situation.
A lender can very easily make or break a transaction, and a bad lender can very easily make the entire process a nightmare, and even cause the deal to fall apart at the last second (trust me, I've seen it happen). Before you decide on a winner, itโs important to compare interest rates and fees (๐ฅ๐จ๐จ๐ค ๐๐ญ ๐ญ๐ก๐ ๐๐๐) offered by at least 2-3 lenders so you can be sure you have the best deal.
It is also important to have a good rapport with whomever you choose, they are going to be the ones handling your money after all. ๐ฐ