With so many websites to view rates and get free rate quotes, how do I know what Lender is best to work with?

Great question: when shopping for rates online you want to keep a few things in mind. Everyone is going to be posting their lowest interest rates that may not apply to your exact situation. These rates are for the most vanilla loan scenarios. Loans have a lot of moving parts and it is impossible to be able to apply one rate to everyones situation as it can vary from one client to the next. Also be aware of teaser rates! These are rates that some companies put out on the web in order to grab your attention to get you to call. This is a highly immoral and unethical way to start off a relationship in my opinion. You want to make sure that outside of a great rate that you are dealing with a reputable company that is either is FDIC insured or a reputable licensed broker. It is important that you fully trust the person that will be handeling your largest financial transaction. You would not pick a doctor off the internet so why would you put your financial health in that predicament???

Hello good question. It can get confusing many times when we are looking into purchasing an item or a service. Your mortgage will probably be your biggest liability which will be secured against your largest asset - your house! I have been in the industry for 14 years. What I like about lender411.com is that it only works with reputable lenders. You are given the opportunity to choose to work with a lender that not only has a proven reputation but must continue to maintain a great reputation or risk losing their status.

That is the golden question. All the loans written today all get sold to the same places, or investors. The total cost to you and the APR should be the deciding factor. But keep in mind that large banks turn times are much longer than a direct lenders turn times. Also, just because someone has a lower fee by $500.00 does not make the deal. You might get stuck with a bad loan officer who is new, and then the $500 you thought you would be saving turns into a 3 month headache to close your deal. This industry is based on relationships. If I treat you fair, and provide good service, low cost and competitive rates, its our relationship that makes you return again or send referrals. Good luck