5 Tips to Help You Choose a Mortgage Lender
When you buy a home, you are making one of the largest purchases you may ever make. You'll also be making payments on this purchase for up to 30 years, in many cases. Don't let this intimidate you, though, when you find the right mortgage lender, you can make the process a breeze, and count on the advice of professionals who have been doing this for years. The Mike MacGuire team would like to help take the stress out of the homebuying process, and show you a home that you can imagine living in for at least thirty years, if not more. Here are a few things you'll want to keep in mind as you start researching mortgage lenders and buy your Colorado Springs home.
Do You Need a Mortgage Broker or Mortgage Lender?
There can be some wonderful benefits to working with a mortgage broker, versus trying to find a lender on your own. A broker can save you time by doing a majority of the work for you, by finding lenders. There are some drawbacks to it, though, and you want to be sure you're making the best decision when choosing this route. A broker earns their profits by arranging the deal between the lender and the new homeowner. The wrong broker could introduce you to a lender that gives him the best deal, and not necessarily the best deal for you. If you have any questions about this, you can ask your Colorado Springs real estate agent. We know many people in this business, and we can help you find a lender or broker who will treat you well.
Compare Mortgages
You don't have to rely solely on the information provided by one lender. If you are completely satisfied with the information you've been given, you can check around with several different lenders to get more information. You can search for mortgage rates online, and once you have several quotes you can compare the costs. Or you can talk to your lender about finding different options. You aren't limited to only one type of loan in many situations.
What Kind of Lender Do You Want?
Do you want a larger company, or do you want to work with a small lender? If you prefer working with someone who always remembers your name and will personally work with you to achieve your mortgage goals, you may want to work with a smaller lender. Though, if you want to work with someone who can find the best deals and has more options at their fingertips, you may want to work with a larger lender. Of course, there are always people in between who can find great deals and still remember who you are. If you don't know where to start, be sure to ask your real estate agent. We can help you choose someone easy and reputable to work with.
Ask Around
You can find a good mortgage lender by asking people who have been in your shoes before. One of the best ways to find a good business is by word of mouth. If you find someone you can trust, you can ask them about their experience, and who they liked working with the most. Referrals can help you cut through the large group of competition.
Interview Mortgage Lenders and Do Background Searches
Since you will be making a rather larger purchase, don't be afraid to do your research. You can ask your lender about their experience, qualifications, and even consider asking for references. If you wanted to conduct a background search on a mortgage company before going into business with them, that is also an option. You can do simple internet searches to find reviews on them, and that can sometimes give you an idea of their reputation.
Buying a Colorado Springs Home
The Mike MacGuire team are here to help you from the very beginning of the home buying process to the very end. We care about your experience, and we can't wait to help you get settled into a life in Colorado Springs. If you're ready to get started on buying a dream Colorado Springs home, visit my website to learn more!
Mike@BuyWithMike.com
There can be some wonderful benefits to working with a mortgage broker, versus trying to find a lender on your own. A broker can save you time by doing a majority of the work for you, by finding lenders. There are some drawbacks to it, though, and you want to be sure you're making the best decision when choosing this route. A broker earns their profits by arranging the deal between the lender and the new homeowner. The wrong broker could introduce you to a lender that gives him the best deal, and not necessarily the best deal for you. If you have any questions about this, you can ask your Colorado Springs real estate agent. We know many people in this business, and we can help you find a lender or broker who will treat you well.
Compare Mortgages
You don't have to rely solely on the information provided by one lender. If you are completely satisfied with the information you've been given, you can check around with several different lenders to get more information. You can search for mortgage rates online, and once you have several quotes you can compare the costs. Or you can talk to your lender about finding different options. You aren't limited to only one type of loan in many situations.
Do you want a larger company, or do you want to work with a small lender? If you prefer working with someone who always remembers your name and will personally work with you to achieve your mortgage goals, you may want to work with a smaller lender. Though, if you want to work with someone who can find the best deals and has more options at their fingertips, you may want to work with a larger lender. Of course, there are always people in between who can find great deals and still remember who you are. If you don't know where to start, be sure to ask your real estate agent. We can help you choose someone easy and reputable to work with.
Ask Around
You can find a good mortgage lender by asking people who have been in your shoes before. One of the best ways to find a good business is by word of mouth. If you find someone you can trust, you can ask them about their experience, and who they liked working with the most. Referrals can help you cut through the large group of competition.
Interview Mortgage Lenders and Do Background Searches
Since you will be making a rather larger purchase, don't be afraid to do your research. You can ask your lender about their experience, qualifications, and even consider asking for references. If you wanted to conduct a background search on a mortgage company before going into business with them, that is also an option. You can do simple internet searches to find reviews on them, and that can sometimes give you an idea of their reputation.
The Mike MacGuire team are here to help you from the very beginning of the home buying process to the very end. We care about your experience, and we can't wait to help you get settled into a life in Colorado Springs. If you're ready to get started on buying a dream Colorado Springs home, visit my website to learn more!
Mike MacGuire
Colorado Springs Real Estate Agent
The MacGuire Team
6760 Corporate Dr
Ste 300
Colorado Springs, CO 80919
719-536-4324 or 719-660-6793
Mike@BuyWithMike.com
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