A very important part of purchasing a home is finding the right lender.

Questions to Ask while Shopping For Your Lender
What is his or her reputation within the community?
How many loans do they close each year?
Is the company well known in the area?
How long has the company been in the business?
Is the lender a mortgage broker?
Does the lender have access to a wide variety of loan packages?
Can the interest rates be locked in and for how long?

What Not to Do When Shopping For Your Lender Do NOT call around asking for interest rate quotes:
Rates quoted over the phone are rarely locked prices. This is one way the lender gets you to come into the office. Rates can be subject to change unless they are predetermined for a specific period of time.

Interest rates can change daily. A quote you get today may not be available at the same price tomorrow.

The interest rate you are quoted over the phone by a lender who know nothing about you may not be a program that will fit your needs or situation.

You will have no knowledge of the other programs the lender may have to offer you.

Note: Information provide compliments of Placer Title Company