When shopping for a home loan, one of the best avenue's to finding a good lender is by referral. Ask your local Realtor for a few names of lender's they may recommend. Ask family, friend and co workers who they used and find out how their experience was. Look for a loan officer who is local,working in your community and has experience. In today's market it is important to make sure you work with a loan professional. Ask how long they have been in business, spend some time with them, and most importantly have the loan office discuss in detail your good faith estimate. This form will show you prevailing interest rates, costs associated with the loan and the loan payment. This form should be explained to the buyer in detail. Buying a home can be a fun and exciting process, let your Loan Officer and Realtor work hand in hand to make this happen for you.
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