In most real estate transactions you need to establish a relationship with a local or internet lender to act as the mortgage holder. Some of the key factors in choosing your lender are:

  • Interest Rates
  • Points
  • Types of Mortgages (length of terms, fixed rates, etc.)

It is important to search for a lender who is willing to act as a financial counselor. He/she should be able and willing to analyze your financial situation and offer you a mortgage tailored to your particular needs, keeping in mind interest rates, cash requirements and monthly payments.