5 things you should know before choosing a mortgage lender

To help simplify the process, we’ve listed five key things you may want to consider when shopping for a mortgage lender.

A good first step is to get the lay of the land by looking at various lenders and the rates and fees they advertise.

Does the lender offer competitive interest rates?

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Does the lender offer loan products with terms that suit your needs?

Your needs and financial situation can play a large part in which mortgage programs you choose and are eligible for.

What type of origination, lender, and other fees might you be responsible for?

We’ve already alluded to the fact that you’ll likely be on the hook for other costs in addition to your down payment.

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In the past, applying for a mortgage required a lot of physical  paperwork. But much of this has now been replaced by online  interactions.

How much of the process is online vs. on paper or in person?


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