
How to choose a mortgage lender: 5 tips
Getting a good loan starts with choosing the right lender.
About the author
Laurie is an editor on Bankrate’s Home Lending team. She previously worked as a copy editor in the higher education space, including at BestColleges and Affordable Colleges Online. Prior to that, she worked in marketing and public relations at Binghamton University while earning her master's degree. She regularly writes a blog, Better By The Beat, to educate and empower the chronic illness community.
As an editor, Laurie’s universal goal is to create content that helps people cultivate and lead their best lives. When she's not editing for Bankrate, she enjoys reading, writing stories, blogging and exploring the beautiful outdoors of New York State.
Laurie wants you to know
Recently, my husband and I left behind the apartment life and bought our first house. One of my biggest tips for first-time homebuyers is to shop around and compare offers from at least three mortgage lenders. By doing so, we were able to lock in a lower rate with a local credit union offering a special deal, despite the high-rate environment. It's also helpful to draft a list of questions for each lender so you can easily compare your options and nail down the best fit for you. The homebuying process can seem overwhelming at times, but it's all worth it in the end when you get the keys to your new home!
HomePlus Mortgage is good for borrowers interested in no closing cost-loans or a quick closing. Learn more about HomePlus Mortgage's loans and compare this lender to others.
Chase Home Lending is a mortgage lender good for timely closings, educational resources and in-person support. Learn more about Chase Home Lending and compare this lender to others.
Zillow Home Loans is a mortgage lender good for those who appreciate the convenience of online lending. Learn more about Zillow and compare this lender to others.
Valley National Bank is a mortgage lender good for those who appreciate a convenient digital experience, low refinance costs or quick closing times, or first-time homebuyers with lower incomes. Learn more about Valley National Bank and compare this lender to others.
Orchard Mortgage is a broker that aims to connect borrowers to the best loan for their needs.
A division of Cardinal Financial, Sebonic Financial is a privately held lender based in Charlotte, North Carolina. Learn more about Sebonic Financial's mortgages and compare this lender to others.
HomeLend Mortgage is a mortgage lender good for those who want a completely digital mortgage experience and a fast closing process. Learn more about HomeLend Mortgage and compare this lender to others.
Considering a 7/1 adjustable-rate mortgage? Find and compare 7/1 ARM rates here!