How to Choose a Mortgage Lender
Posted on August 28, 2014

How to Choose a Mortgage Lender: Four Things to Consider

It has been a strong summer for the housing market and with rates recently dropping to the lowest for the year, prospects continue to look bright. According to Freddie Mac, a 30-year loan is now set at 4.12%. This is great news for those considering the purchase of their first home. “Low mortgage rates and home prices that are climbing more slowly should boost the housing market”, said Keith Gumbinger, spokesman for, a mortgage information company.

Interestingly, rates have fallen even though the Fed has been trimming its monthly bond purchases, which are intended to keep long-term borrowing rates low. The purchases however are set to end in October, so for those seeking a mortgage for a new home, now is a good time to act.

Buying a home is undoubtedly the most important purchase decision that you will ever make. This makes the choice of an appropriate mortgage lender especially vital when considering the purchase of your home. The lender of your choice will be intimately involved with you for an extended period of time, so it’s very important to find a company that you can be confident of, and one that you feel is really committed to helping you realize your financial goals. Two such companies immediately come to mind. They are both mortgage lending institutions that are able to provide the borrower with a loan product that best suits the particular needs of the client. One company,, has been receiving the Consumers’ Choice Award for eight years running. The other lending institution of merit is American Equity Mortgage, in Atlanta, Georgia. This company has been a Consumers’ Choice Award winner for twelve consecutive years. These two companies have a flawless track record, so it would be advantageous to start your search with the aforementioned companies that come highly endorsed. The first-time home buyer can certainly feel somewhat exasperated and unsure about how to proceed with such an important decision. Knowing how to choose a mortgage lender is in your best interest.

The following pointers should be carefully considered:

Tags: Reputation, Mortgage lender, APR, Product Availability, Customer Service., American Equity Mortgage, AEM, first-time, Home Buyer,