Your lender, as a critical member of your home buying team, can help you identify the types of mortgages that meet your specific financial needs—possibly increasing your home buying power or improving your financial situation after you’ve purchased.
And, knowing your options helps you determine just how much house you can afford.
And if you choose your lender early in the process, you’ll already have a strong working relationship when it actually comes time to buy your home. You may even want to get pre-approved before you start shopping.
Those are some good reasons to choose a lender early and to take the choice seriously. Because it is your choice—you have right to shop around. You’re making a decision that you may live with for 30 years—take a couple of days now to really consider what different lenders have to offer, both in terms of products and service.
Visit the mortgage lenders section for more details on what to look for in a lender and how to find the right one for you.