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Choosing a Mortgage Lender ?

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There are many mortgage lenders to choose from. You should evaluate lenders on four key factors:       • Interest rates       • Closing costs       • Product offerings       • Customer satisfaction Interest rates Lenders charge different interest rates, so by shopping around, you could find a better deal for your mortgage. Interest rates are fairly consistent between lenders for fixed-rate mortgages, as lenders all base their rates on the national average and other factors. However, choosing a lender with a rate a few tenths of a percentage lower could still save you hundreds, potentially thousands, over the course of the loan. There are more differences between lenders with adjustable-rate mortgages. Lenders customize these loans because they have more flexibility to increase rates later. You should spend more time comparing lenders for an adjustable-rate mortgage because you have a better chance of finding a better deal. Closing costs When you fac