All in all, I would interview some of each and go with your gut! They all have competitive rates and may also offer you the opportunity to buy down your rate. Some lenders are even offering 100% financing again.
Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.
Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.
Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.
Put together your Team of real estate professionals and shop 'til you drop!
*If you thought my answer was helpful, please give me a â€œThumbs Upâ€ or â€œBest Answer.â€ Thanks!
There are several bank and mortgage companies in Auburn. The best thing to do is call and check with
several ones. Some can even take your application over the phone where you don't even have to go
in. If you find out that you are qualified, I would love to help you find your next home. Call me or
e-mail me. My number is (334) 235-7463 or firstname.lastname@example.org
RE/MAX Professional Partners
I would love to discuss this with you further. My email is email@example.com.
I would suggest that before letting them run credit.
There are positives and negatives for both. Whether you're going FHA, VA, or convetional, each has different programs. I would check out their websites (sorry spam rules - I can't give them to you). The ones that don't have websites you can drop by the locations and get a pamphlet explaining the current financing programs.
Here's a note to consider:
Banks sell their notes to lenders.