Choosing a Lender

- What is his or her reputation within the community?

- How many loans do they close each year?

- Is the company well known in the area?

- How long has the company been in business?

- Is the lender a mortgage broker?

- Does the lender have access to a wide variety of loan packages?

- Can the interest rates be locked in and for how long?

- It is not advisable to call around asking for interest rate quotes.

- Rates quoted over the phone are rarely locked prices. This is one way the lender gets you to come into his office. Rates can be subject to change unless they are predetermined for a specific period of time.

- Interest rates can change daily. A quote you get today may not be available at the same price tomorrow.

- The interest rate you are quoted over the phone by a lender who knows nothing about you may not be a program that will fit your needs or situation. You may have no knowledge of the other programs the lender may have to offer you.

*Information provided by California Title Company

Reno Homes For Sale by Community  -  Reno Homes For Sale