Choosing the Right Mortgage Lender

Today there are many mortgage lenders and brokers eager to accept your mortgage loan application, and it’s important for you to shop around and choosing the right mortgage lender for your requirements. Here are some tips for choosing the right mortgage lender.

Lender Come in all Sizes – Choosing the Right Mortgage Lender that Fits Your Needs

Do you prefer a small lender or a large lender, if you are someone who prefers more personal customer service and a lender who knows your name, you would likely want to go with a smaller lender. If you care more about getting the lowest interest rate and/or lowest fees, an internet-based lender maybe your best option, yet others may prefer larger lenders for their expensive footprint and depository/servicing platforms. Researching the differences between all lenders will help you decide which fit is best for you.

Ask for Referrals

A real estate broker is not the only way to find a mortgage lender. Ask your friends, family members or coworkers who have purchased a home within the last few years or refinanced their property, about the lenders they have used. Getting referrals from those close to you can help you cut through the sea of prospects to find someone you can trust.

Real Estate Agent Referrals

A good agent will not limit recommendations to his or her in-house lenders, and smart loan officers take good care of customers recommended by real estate agents. Realtors, in general, are very well connected to a wide range of real estate transactions through their office relationships and usually know competent and well-priced lending resources.

Research the Lender’s Reputation

No matter how you hear about a lender- whether from a family member or a website- it is imperative to do some background checking. Check online reviews and don’t hesitate to bring up any questions you have with a potential lender, learning as much as possible about who you might be dealing with can save you from disaster later in the transaction.

Value Propositions in Lending

The internet today allows potential borrowers the ability to research lenders, check their pricing, use online calculators to determine payments and amortization tables. The real value, however, is in finding a banker, an individual, who can understand your goals and assist you in making the right decision in mortgage lending that fits your overall financing strategy.


If residential real estate investing is part of your American dream, get to know your options. We can help. Contact a friendly and professional Empire of America direct lender today.