Want to take advantage of the home buyer tax credit before it’s gone?
The first step is finding a reliable mortgage broker or loan officer.
First, know the difference.
A loan officer sells loans for their employer, such as a bank, whereas brokers bring lenders and borrowers together, usually as a free agent. A broker’s income depends on the deal they bring to the lender, so beware of the motivation to sell you a loan.
A broker may find loans for those who do not qualify through a bank because they have more lender options that stretch nationwide. However, a distant lender may delay the process.
In short, choose your mortgage based on the best terms available to you with consideration for all of the factors.
And make yourself at home on bbb.org to check Reliability Reports.