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Updated: May 20, 2012
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When should I buy?
Lethbridge has a Real Estate Market that is literally changing daily. The market has been hot as of late, but as we all know, nothing lasts forever...
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How to Find a Good Mortgage Lender
Once decided on applying for a mortgage loan, it is time for you to find a good mortgage lender, emphasis on good. You cannot just pick any lender because your need for the mortgage loan is urgent. Just think: you may get that loan fast enough but if that lender does not perform as you expect and require, it will all be a waste. So, you should follow the following guidelines:
Networking
There must be some people from your network of family and friends who have applied for a mortgage loan sometime in their life. Ask these people for advice and recommendations. If possible, get the phone numbers of recommended lenders so that you can immediately arrange to meet with them. It would also be helpful if you know someone who has a career in real estate or banking.
Browsing through ads
Scour through newspapers' and magazines' yellow pages. You can even use a search engine online for ads on mortgage lenders. The good thing about doing your search online is that you can also search for more information about these lenders; you may even uncover a scam.
Consulting real estate professionals
Real estate professionals will know some lenders. Ask these real estate people for recommendations. Make sure that the people you do consult are themselves proven to be trustworthy. You can never tell if, for example, the person you have consulted is in connivance with the lender suggested.
Meeting with representatives
Once you have finished making your list of mortgage lenders, you can already meet with every one of them. You should prepare all your requirements and expectations. This way, you can compare and contrast the services of these lenders. Ask as many questions as you can during the meetings. Also observe the behavior of each lender or representative. You are applying for a loan. This does not mean, however, that you will just take anything that you can get. You must also make sure that you are making a secure choice; not only lenders have the right to investigate.