In most real estate transactions you need to establish a relationship
with a local lender to act as the mortgage holder. Some of the key
factors in choosing your lender are:
1. Interest Rate
2. Points
3. Types of Mortgages
-Length of Terms Available
-Fixed Rate
-Fluctuating Rate
It is important to search for a lender who is willing to act as a financial
counselor. He should be able and willing to analyze your financial
situation and offer you a mortgage tailored to your particular needs keeping in mind interest rates, cash requirements and monthly payments. |
