Choosing The Right Mortgage Lender To Prevent a Short Sale
Something that many new potential homeowners are not aware of is that you do not have to go to an actual bank or financial institution to receive a mortgage loan, but can instead go to a specialty mortgage lender to acquire a loan. They may even be able to offer you a better deal than your own bank.
Feel free to ask the real estate agent you are currently working with about potential mortgage lenders, but keep in mind that often real estate agents will receive a commission for referring you to a specific company for their mortgage loans. This does not necessarily mean that their recommendation will be the best mortgage loan for you and your home.
So, once you have made a decision to apply for a mortgage with a particular mortgage lender, what comes next? The first step will usually be to simply give the lender a …