What are the different types of lenders, and how do I choose the right one for me?
Before someone lends you the money to purchase your home, theyll want to know a lot about you. And youre entitled to know as much as you can about them, too. Its important because getting a mortgage is not just a one-time signing of documents, a handshake and a check. You will be depending on your lender to fund the loan as promised, on time, and over the life of the loan, to keep good payment records, pay your taxes and insurance (if included in your monthly payment) and many other continuing services. Look for a lender that has the authority to approve and process your loan locally. Its easier to obtain information on the status of your loan and discuss conditions directly with the person who will approve your loan, rather than some faraway loan committee. Its important that your lender know home values and conditions in your local area. And while biggest doesnt always mean best, financial stability, reputation, qualifying procedures, and unique programs are the benefits they offer h
Before someone lends you the money to purchase your home, they’ll want to know a lot about you. And you’re entitled to know as much as you can about them, too. It’s important because getting a mortgage is not just a one-time signing of documents, a handshake and a check. You will be depending on your lender to fund the loan as promised, on time, and over the life of the loan, to keep good payment records, pay your taxes and insurance (if included in your monthly payment) and many other continuing services. Look for a lender that has the authority to approve and process your loan locally. It’s easier to obtain information on the status of your loan and discuss conditions directly with the person who will approve your loan, rather than some far away loan committee. It’s important that your lender know home values and conditions in your local area. And while biggest doesn’t always mean best, financial stability, reputation, qualifying procedures, and unique programs benefit are what they
Before someone lends you the money to purchase your home, they’ll want to know a lot about you. You’re entitled to know as much as you can about them, too. It’s important because getting a mortgage is not just a one time signing of documents, a handshake and a check. You will be depending on your lender to fund the loan as promised, on time, and over the life of the loan, to keep good payment records, pay your taxes and insurance (if included in your monthly payments) and many other continuing services. Ask Kim’s Group about loan officers who will provide you with excellent service and a variety of loan options.
