The two people who you will get to know very well in a home purchase transaction are your Realtor (hopefully me) and your lender. I always recommend before you start looking for a home that you get pre-qualified first so that you know what price range home you should be looking at. Pre-qualifications by a good, qualified loan officer are much more sound than those done over an internet service because the loan officer can ask and answer questions specific to you. The good thing is that getting pre-qualified is a free service of almost all lenders.
The next step is getting pre-approved which adds credibility to any offer submitted on a home. Being pre-approved basically means you've applied for and have been approved for a mortgage up to a certain dollar value. This doesn't mean you have to spend that much on a home but you will definately know what your upper limit is.
One thing to remember when shopping for a lender is that lowest rate isn't always the least expensive loan. Always look at the APR rate which includes lender expenses.
Having purchased several homes in different states, I learned early and am a firm believer in using a mortgage lender from the area you are moving to. From a buyers point of view, it gives you the ability to physically meet the person who is going to be instrumental in perhaps the largest personal investment of your life and someone from the lending company that can actually attend your closing in case of any last minute problems. From my point of view as your Realtor, it allows me the ability to promptly interact as needed with your lender vs. waiting for phone calls or faxes.
Let me recommend a couple of good lenders in this area to talk to. Just click on their names for access to their personal websites.
Natalya Hill , Branch/Area manager for Hamilton Group Funding. Natalya was the first lender I met when I received my license in 1994 and I have been working with her ever since. You'll find her to be extremely helpful and more importantly, extremely competant as well. Call her today at 919-614-0388 or e-mail at email@example.com
Joe Mecca Owner of MortgageMecca . Joe has an office within the firm I represent. He is readily available to help you with all your mortgage needs and you'll find him very easy to deal with. Call Joe at 919-809-9283
Janna Whitehorne , Loan Officer for AES LENDING. As a former Realtor herself, I have known Janna for many years now. She is very competant and works hard for her clients. She can be reached at 919-238-4818 or via e-mail at Janna@AESLending.com
CURRENT MORTGAGE RATES : The attached link is to be used as a gauge. Whomever actually gets your loan for you will give you the exact rate you are being submitted for. Remember to look at APR's to give you the big picture. Current rates by Bankrate.com