When choosing a mortgage lender, it's important to carefully compare several key factors to ensure you get the best deal and the right fit for your financial situation. Here’s who you might consider and how to evaluate them:1. Types of Lenders to ConsiderBanks: Traditional option; may offer relationship discounts if you have accounts there.Credit Unions: Often have lower rates and fees; membership may be required.Mortgage Brokers: Shop multiple lenders on your behalf but may charge a broker fee.Online Lenders: Often streamlined and convenient; compare their rates carefully.Non-bank lenders: Can be more flexible for unique financial situations.2. What to Look ForInterest Rates: Fixed or variable—get quotes from multiple sources to compare.Fees: Application, origination, underwriting, appraisal, and closing costs.Loan Types Offered: Conventional, FHA, VA, jumbo, etc., based on your eligibility.Customer Service: Look for responsive, transparent, and helpful communication.Reputation: Read reviews and check ratings from the Better Business Bureau or Trustpilot.Preapproval Process: A good lender should make this easy and informative.3. Best PracticeGet at least 3 quotes from different lenders.Ask for a Loan Estimate from each so you can compare total costs side-by-side.Consider long-term value, not just the lowest monthly payment—compare APRs.tune in and learn https://www.ddamortgage.com/blogdidier malagies nmls#212566dda mortgage nmls#324329 Support the show

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