Should I choose the lender with the lowest interest rate and costs?
There are two important things to consider when choosing one lender over another one:
Quality of Service – Especially for first-time homebuyers who will have many questions about the total financing process and available loan options. Finding a lender with outstanding service skills that you trust will comfortably guide you every step of the way, so ask questions, even before you fill-out an application.
Cost of Services – It’s good to ask potential lenders upfront what they charge for their services and any fees involved. They should be able to give you facts and get you through the financing process so that you feel confident knowing that you made a good decision by choosing them.
"We met with Gena of GoodLife several years back when we first started thinking of buying a home. She very patiently worked with us while we went back and forth on the decision then ultimately decided not to buy. Our meetings and interactions with her made me appreciate that she was not just trying to sell us something but that she wanted to help us make a sound financial decision. She always erred on the side of caution in estimating our costs and income, so it almost feels like we have "extra" money now that we actually went through the process this year and bought a home. Also she got us a sweet rate as rates were going up. Last but not least as a woman I appreciated that she dealt directly with me and put my name on all the paperwork! A lot of businesses put my husband's name on the papers either first or just instead of mine so I thought that was a nice touch." Audrey Carmical