You have made the decision, you are ready to find the home of your dreams. Before you get too deep into your search, it is always best to connect with a lender to help guide you to setting your purchase budget. This will save you time and headaches and make your search go smooth. It will also prepare you to make competitive and winning offers. Selecting the right lender for you is important. Let’s look at some questions to ask when choosing a lender to get you on the right path.
There are so many lenders to choose from. Here are some questions to help you evaluate those options. We always recommend talking to more than one lender and having a set of questions will facilitate a better apples to apples comparison. For buyers I work with, I am always happy to share a short list of lenders you may wish to start with that have demonstrated results with my clients.
Frequently Asked Questions
What should I ask when choosing a lender?
Ask about rates, fees, loan options, closing timelines and communication.
Why compare multiple lenders?
Rates and fees vary, and comparing can save money.
Does a local lender matter?
Local lenders often understand Florida condos, insurance and appraisals.
Related reading: When Concessions Make Sense in Real Estate Deals and With Zillow, Google, and AI, Why Do They Still Need a Real Estate Agent?
