When shopping for a new home, settling on the right property is just part of the challenge. You’ll also need to find a reputable mortgage lender who offers attractive financing and the customer service these important transactions deserve. Follow these tips to take some of the stress out of the process and help you find the best lender for your needs.

How to Find the Right Mortgage Lender

1. Compare Your Options

Your real estate agent will likely have recommendations for lenders, but it pays to explore options on your own. Before making a decision, contact at least three different lenders and take the time to evaluate the deals they offer.

Also, while the price is always a crucial part of buying a house, don’t focus exclusively on the interest rate. Instead, concentrate on the other fees in the contract, and try to get a sense of how responsive the lender will be if issues come up during the sale.

2. Ask About Experience

If you’re planning to finance your first home with a loan backed by the VA or FHA, try to find a lender with experience handling these mortgages. While these programs do make homeownership possible for many people, they also come with extra stipulations and their own qualification criteria. Finding a lender who understands these loans minimizes your risk of unexpected problems derailing the sale.

3. Get Pre-Approved for a Loan

Getting pre-approved puts you in a stronger negotiating position with buyers and gives you a solid financing offer with all the details and fine print. Fortunately, pre-approval doesn’t obligate you to accept the loan offer, so go through the process with a few different lenders. This will allow you to directly compare all of your choices so you can select the best one.

If you’re buying a home in Mesa, AZ, IP Advisors will provide the financing you need. This respected mortgage lender has extensive experience with VA, FHA, and traditional loans, and can offer many buyers the financing they need with no out-of-pocket costs. Visit their website to learn more about buying a home, or call (480) 999-6353 to start the loan application process today.