What mortgage lender should I choose?
When choosing a mortgage lender, it’s a good idea to start at home. Begin by looking at community banks to see what rates they offer. You can also look online to get an idea of average rates, but when it comes to getting a loan, it’s best to work with local lenders to make it more convenient in the long run.
At a local bank, your bank representative will be familiar with the area and know what the local market conditions are like, as well as property values. He or she will be able to help you through the process with that in mind.
If you go to a local bank, it’s also more likely that the representatives will be able to offer more personalized advice than an online lender. Even if you are a new client at the bank, they’ll take the time to get to know you so they can answer your questions, suggest alternatives, and help find the perfect loan for you.