Make sure the lender representative or broker is local! Meet them at their office or at least find out if they even have an office. Get a "Good Faith Estimate" it is the law. Ask to see your Credit Report. Ask where the underwriting takes place, here or accross the country. Select a REALTOR who has good knowledge about the lending market this person will beable to keep you from any unplesant surprises later on.

J.P. By compare he means you can ask for a "Good Faith Estimate" from the lender that will include your "quoted" interest rates. Interest Rates are locked during any given time after an offer has been accepted. The "GFE" will also include a quote that includes your Principal Only payment or your Principal, Tax and Ins. Payment plus the cost to obtain the loan and close the deal. You can secure all of this in writing. Additionally, there are federally sponsored loans FHA, VA, etc that may offer lowered interest rates. Here in CA. Cal-Vet offers one of the best interest rate loans around. Good Luck. Cindy Vedder

Interview more than one bank or loan officer and compare.