Where to find a mortgage loan
Mortgage Brokers do not fund your loan, but work on behalf of the lenders. The broker checks your credit and work record, arranges for title search and hires the property appraiser. When all the research and paperwork is completed, they pass it along to the lender for final approval.
A mortgage broker
does not represent a specific bank or lending
institution and has the flexibility to access
available programs from hundreds of lenders.
They will identify what lender can best fit your
special needs and work like a matchmaker between
you and the lenders.
Shop around and compare different lenders' loan products. Ask for written Good-Faith Estimates that include all points, fees and closing costs. Avoid loans that sound too good to be true. If it seems too good to be true, it probably is. If the loan being offered is really interesting...get it in writing!
You may have
doubts or questions about your mortgage loan or
the lender's practices. If so speak with your
Buyer Agent. Realtors who have been in the
business for a few years have had the
opportunity to sort the "predators" from the
Lansing, East Lansing, Okemos, Haslett, Williamston, DeWitt, Bath, Perry, Holt, Mason, Leslie, Dansville
Stockbridge, Webberville, Grand Ledge, Charlotte, Olivet, Potterville, Eaton Rapids, St. Johns, Laingsburg, Owosso, Portland