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How To Choose A Mortgage Lender


Finding the right mortgage lender is more than just selecting the person that offers the lowest interest rate. There are several factors you should consider before choosing a mortgage lender.

Certified Mortgage Planning Specialist

A good mortgage lender should be able to discuss your mortgage payment in detail with you to help it fit your financial situation. They should also be able to offer advice in ways to help improve your credit if your score is too low, or other issues occur on your credit report.

More importantly, a great mortgage lender would get you a pre-approval, not a pre-qualification before letting you look for a home. There is a big difference. A pre-qualification is based on their opinion and brief financial information gathered from you that you qualify. A pre-approval, specifically with Stateline Funding Corp., guarantees you are approved to purchase a home.

Interest rate

Interest rates are important. However, what many consumers don’t realize is interest rates change daily. For example, you may get a quote from one mortgage lender on a Monday, and the next Tuesday you get a quote that is higher. This is typically not the lender’s doing, but due to the fact that the interest rate changed within those 24 hours.

This is why you need to work with a certified mortgage planning specialist who understands what causes the interest rates to fluctuate. When selecting a mortgage lender, you want to have a mortgage planning specialist who knows how to monitor interest rates in real time and watches them daily to guarantee the best rate possible.

Reputation & Reviews

Seek advice and recommendations from family and friends. Referrals are a great way to find a mortgage lender that you can trust. You can also read reviews online. At Stateline Funding Corp., we encourage our clients to leave a review after each transaction so others can learn from their experience with our company. A company should be transparent and have real reviews from clients who have experienced doing business with the company.

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