Picking a mortgage lender is probably your most important decision when you are buying or refinancing a home. While there are a variety of mortgage lenders to choose, it’s important to do your research and pick the best lender for a smooth and successful transaction. Using these tips shared by Cory Ruppersberger will help you save money over the long term by picking the best mortgage lender for your loan transaction. For more details :- http://coryruppersberger.com/

1. CHOOSING A GOOD MORTGAGE LENDER
Cory Ruppersberger

2. About Cory Ruppersberger
If you are considering a mortgage for a home purchase or refinance, you will find a variety of
lenders and banks with just a simple Google search. With so many options in the marketplace,
how do you find the best deal? Unethical and inexperienced loan officers were partially
responsible for the subprime mortgage crisis in 2007 so it’s important to find a qualified
mortgage lender for your loan transaction.
This article is written by Cory Ruppersberger, president and owner of Best Loan Choice, Inc., a
mortgage lender in Baltimore City, Maryland. Cory also has experience as marketing consultant
and spent several years as the owner of Direct Lead Source which provided live telemarketing
leads to hundreds of mortgage lending companies across the United States.

3. ASK QUESTIONS
When searching for a mortgage lender, it is
important to probe your loan officer with
questions about your loan. If you have any
concerns or questions with respect to the
prospective mortgage, then make sure to
present this to your loan officer before your
settlement date.
If the loan lender is not responsive to your
inquiries make sure to find the right lender for
this important financial transaction. A good
mortgage lender should offer clear and precise
information about the loan financing process.

4. SEARCH FOR THE RIGHT LOAN PRODUCT
When researching various mortgage lenders, it’s always good to find as many mortgage
loan programs of which you might qualify. If a bank or mortgage lender has only one or 2
mortgage loan programs, it might be smart to shop around. There are many different
types of mortgage loans based on your credit qualifications and or the term of the
repayment period.
Be careful of loans that have risky features and be prepared if the rate has an adjustable
term. If interest rates increase in the future on an adjustable rate loan your payment
could increase to a payment higher than you can afford! Also keep in mind that there are
programs for borrowers that have little to no down payment such as USDA and VA loans.
Your loan lender should be able to explain the benefits and qualifications for all of these
loan programs.

5. ASK FOR REFERRALS
It’s always good to ask for referrals from your
friends and family when you choose your
mortgage lender. Don’t always assume that the
big banks are good at efficiently processing
your loan to closing. Often your local mortgage
lender or broker, can offer better rates and
service. Websites such as Zillow offer customer
reviews on mortgage lenders and loan officers.
*Check to see if your lender has a 5 star rating
on Zillow

6. INTEREST RATES
Finding the most competitive rate is an
important part of the loan process. Even a
small percentage of higher interest can
cost you thousands of dollars in cumulative
interest over the life of the mortgage loan.
Most mortgage lenders will match a
competitive offer so make sure to shop the
market for the best rate. Regardless of
your credit score, it’s still possible to find a
competitive rate.

7. MORTGAGE LENDER
Picking a mortgage lender is probably your most
important decision when you are buying or
refinancing a home. While there are a variety of
mortgage lenders to choose, it’s important to do
your research and pick the best lender for a smooth
and successful transaction.
Using these tips shared by Cory Ruppersberger will
help you save money over the long term by picking
the best mortgage lender for your loan transaction.