Broker Banker, whoever you are comfortable with. It doesn't matter...

I recommend working with a mortgage broker, as opposed to a bank or other lending service, Good Brokers not only know policies and histories of local lending agencies, but they know individuals within the different institution, and their knowledge and connections they will be able to get you the best deal possible. Find one whose commission is paid by the bank, it's one bill you should not have to foot.

Best Regards,
Alessandra Marx
alessandra@elikaassociates.com
http://www.elikaassociates.com

You do need to shop around. Referrals from friends and family are a good place to start. You can do additional research at http://getprequalified.com

Hi J.P.,

First thing I would suggest is contacting your local bank. Then ask your realtor if they can refer someone to you. It is very important to find an experienced mortgage consultant. Take your time, and work with whoever you fell most comfortable with.

Best of Luck,

Chris

312-738-8438

Find a reputable mortgage banker with an experienced loan officer.

Then make an appointment to meet with them. Bring in your 1040's, W'2s, bank statements,
paystubs.

Ask them to provide a Fannie Mae approval, good faith estimate, and truth in lending.

Then you can check with your bank to make sure you are getting a good deal.

Mortgage bankers can access many different loan programs from several different banks. In this market this is very important. If a bank eliminates a program or raises rates on a program your are stuck.

With a mortgage banker, they can simply send your file to another one of their lenders. Usually, there is no charge or additional processing required.

billturano@selectamortgage.com

J.P. Great question. My advice is always if it sounds to good to be true it probably is. Make sure you always get a Good Faith Estimate and a Truth in Lending this will explain exactly what you are paying and what type of mortgage you will recieve. I also would ask if the person is licensed and if they have the ability to broker your file for either better rates or programs. In today's wild mortgage market it is experience that matters not fancy ad's

J.P,

If you have good credit and have used your bank for some time, they may be able to give you a great loan. Many times using your own bank can save you money. Always interview a few people before you make your decision.

Cheers,
Ken Herrera
Century 21 Infinity

Ask your Realtor to provide names of proven Lenders. It is most important to ensure you are comparing apples to apples, no hidden costs you're not prepared for.