Tips on Choosing the Lender for You

Long Beach Real Estate Podcast with Tim Majka

Getting a loan is a crucial part of the home buying process. Here’s what to look for in a lender.

Purchasing a home is a major life decision, and choosing the right lender to help you through it is absolutely crucial. Today, Steve Hankla from New American Funding and I would like to share a few tips with you on selecting the right one. What should you look for when choosing a lender?

1. Choose a lender that you’re comfortable with. This will most likely be a long process, so it’s important to select a lender that you’re compatible with.

2. Choose a lender that is local to your area. This is important because the Realtors, especially the listing agent, will want to be sure that the lender has a good reputation and that they can process the transaction as smoothly and as quickly as possible.

3. Choose a lender with a fair interest rate. You don’t want to pick the lender with the highest or the lowest interest rate, but you want to make sure that the lender has an interest rate that is competitive with most of the large banks and mortgage companies that you may be shopping with.

If you have any other questions about getting pre-approved for a loan or choosing the right lender, give Steve a call at 562-344-5546 or email him at [e-mail] today. If you have any other questions related to real estate, don’t hesitate to reach out to me as well. We’d be happy to help you!