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You deserve our Arizona Lifestyle
Shopping for a Lender
A very important part of purchasing a home is finding
the right lender. Below are some characteristics you
might consider when choosing a lender.
Questions to ask while shopping for a lender...
- What is his/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 business?
- Does the lender have access to a wide variety of loan packages?
- Can the interest rates be locked in and for how long?
Things to be aware of when shopping for a lender...
- Quoted rates over the phone are rarely locked prices. This is one way the lender gets
you to come to his office. Rates can be subjected 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 may not be a program that will fit
you needs or situation.
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