This presentation covers important details on how to choose a mortgage lender. Visit ForeclosureDataBank.com to get further information on foreclosure real estate.

1. How to Choose
a Mortgage
Lender
Although the American mortgage industry is Contents
Introduction………………............……1
very competitive these days, the principle of
Track Record................................…2
beware the buyer still applies and cheap is Service Levels.....................……..…..2
still seldom best. A wise decision is one that Lendings Fees.....................……..…..2
considers all of the following factors, and in a Interest Rates.....................……..…..3
balanced way too.

2. 2
Track Record
Any lender who willingly plundered American
homeowners before the financial crisis for a cheap buck is
definitely a no-no. There are enough responsible
corporations out there from which to choose. Googling for
“lender name” plus “complaint” picks out the bad ones real
quick.
Service Levels
Does the lender have an office in your hometown where you can talk to real people not
call centers? If they do have one, pop by and try them out for friendly advice like free
counseling and educational handouts.
Lending Fees
Higher lending fees mop up the benefits of lower interest
rates. Ask probing questions and then ask the lender for
a written all-in quote. You will be surprised at what pops
out in writing that was not even mentioned at the
interview. When this happens, chances are you could be
dealing with a cowboy lender.

3. 3
Interest Rates
After you have identified five lenders that checked out
okay so far, you can get down to the serious business of
negotiating interest. Do not sniff at an offer of a quarter
percent below a lender’s normal rate. It can add up to a
handy sum.
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1-888-596-9279 smart guys out there, figuring ways to make more money
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from their customers. That means shopping with your
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