Top 3 Considerations When Looking for a Mortgage Lender

Buying a home can be a daunting experience. In addition to deciding where you want to live, what type of home you are looking for and how much space you need, you also need to figure out how much you can afford to spend on your new home and where to get financing. There are many lenders to choose from and not all are alike. Here are the top 3 things to consider when looking for a mortgage lender.

1. Compare Interest Rates

Getting the best possible interest rate on your mortgage can allow you to buy the property you want, without breaking your budget. For example, the chart shows the effect of interest rates on the amount you can borrow if you want to keep your mortgage payment under $2,000 per month.

2. Consider how much personalized service and communication you will receive

Being able to communicate with your loan officer throughout the transaction is extremely important to ensuring that the mortgage process goes smoothly. Having someone who will answer your questions, walk you through unfamiliar territory and provide updates as milestones are reached will greatly improve your experience and put your mind at ease.

3. Check out how convenient it will be as you go through the mortgage process

There is no getting around the fact that all lenders will require you to provide your financial documentation. With today’s busy lifestyle, considering how easy that process will be with your lender is very important. Choose a lender who offers options that fit your life and make it easy for you to submit what is needed to get you into the home of your dreams.

At Finance Factors, we’re committed to:

• Getting you the best possible rate. Compare our interest rates in the Mortgage Lending Leaders box on this page.

• Providing a personalized service. Our Loan Officers will walk you through the mortgage process and our Finance Factors Mortgage Mobile App provides you automatic updates as your loan progresses.

• Providing a convenient, easy mortgage experience. Use our mobile app, visit our website, call us, or visit any one of our 13 branches. It’s completely up to you.

Call us at 548-3300 on Oahu or toll-free at 1-800-648-7136 to speak to one of our helpful, experienced loan officers or visit us at www.FinanceFactors.com.