How do I find a lender

How do I find a lender

You can find a lender by calling your bank, a savings and loan,
a credit union, a private mortgage company, or contact your real estate
professional for a referral of various lenders they work closely with who
are familiar with the various types of loan programs available for your situation.
Different lenders can offer quite different interest rates and loan fees,
and as you know, a lower interest rate can make a big difference in how
much home you can afford. The power of 1 ( the difference in interest
percentages ) could mean the difference of buying a 1990 $300,000 home
paying $1400 a month and buying a 2012 $300,000 home paying the same
$1400 a month. Most lenders need 30 to 60 days for the whole loan approval
process. Your real estate broker will be familiar with lenders in the area and
what they’re offering.