Things You'll Need:
- Phone Books
- Phone Books
- Sunday Newspapers
- Real Estate Agents
- Online Mortgage/finance Services
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Step 1
Look in the Sunday edition of a local newspaper for the selected interest rates of lenders in your area. This is not a complete listing, but it will include a variety of different lenders and will serve as a good starting point.
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Step 2
Look in your local phone book under 'Mortgages' for lenders approved for your area.
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Step 3
Call lenders and ask about their interest rates, points that might be required and other closing costs.
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Step 4
Ask about any low interest loans that may be available through local municipalities or the state.
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Step 5
Find out about the amount of a down payment that is required for a loan.
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Step 6
Ask how much the initial rate of an adjustable-rate mortgate (ARM) can go up in a single year (if you are considering an ARM), and the maximum it can be raised over the life of the loan.
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Step 7
Choose a lender based on who offers the best interest rate, who has the type of mortgage you are looking for and who is willing to work with you.








Comments
jlsr said
on 6/18/2009 This is a great article. I too struggled with finding a reputable lender to purchase my home and the search definitely wasn't easy. A friend of mine recommended TopDot. I worked with Marc Greenstein and he was very helpful, answered all of my questions, has over 10 years experience in the industry and their fees were very reasonable. He helped make buying our home an enjoyable experience. I put his contact info below in case anyone needs a great mortgage specialist.
Regards,
Jackson
Marc R. Greenstein
Direct: 516-719-5507
Cell: 631-764-1284
Fax: 516-719-5707
Toll Free: 866-562-6628 x507
Email: mgreenstein@topdot.com
www.topdot.com
linkart said
on 4/6/2009 Very useful information. I'm looking right now and I appreciate the tips. 5*