How To Choose A Mortgage Lender When Buying A House in 2024

Are you a first time home buyer wondering how to get the best mortgage interest rate when buying a home? How do you find a reputable experienced lender? Why is it important to shop for a mortgage lender? Where do you start when getting pre-approved to buy a house? What questions should you ask when talking to a lender when buying a house? In this episode, we are going to address all of these questions about shopping for a mortgage lender as well as the questions below to help you become The Educated HomeBuyer.

✅If you need to get pre-approved, you need to find a lender and you need to be able to get a valid, accurate rate quote
✅Why is it important to shop for a lender?
✅How do you find a good lender?
✅What questions should you ask when talking to a lender?
✅What should a prospective lender ask you on the first call?
✅Where does the rate fit into choosing a lender?
✅Besides rate, what should you be asking about and looking at (fees)?
✅What is Box A on the loan estimate?
✅Why is Box A important?
✅Do the other boxes on the LE matter when shopping for a purchase mortgage?
✅Should a lender give you a loan estimate if you haven’t applied for a mortgage?
✅Is a fee sheet an acceptable alternative?
✅Why is it important to shop for rates between lenders on the same day?
✅With specific types of loans, how important is experience with the program?
✅How do you know if the lender you are talking to has the experience you need?
✅Why does your Realtor care who you use for your loan?
✅Does your Realtor get a kickback if you use “their lender”?

Connect with me 👇

Jeb Smith (huntington beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty

Connect with me 👇
Josh Lewis (Huntington Beach Certified Mortgage Expert)
NMLS ID: 234220 | CA DRE: 01209148
United American Mortgage | NMLS ID: 1942

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[jacobbarry]

Guys your biggest miss here was talking about the soft/hard credit hits

[steveludwig]

15:11 - "8 times out of 10 Box A is empty. There is nothing in Box A?" If that is the case how are YOU getting paid for your services? Where is that show n the LE? Thanks!

[AL-qvwh]

Any recommended lenders in the Orlando FL area?

[michaelleal]

Would you have a recommended lender in the Dallas, TX area?

[yooo]

Any lenders in TN. Just got a pre approval today for FHA loan. But I dont like the terms looking at shopping around. Is it true you can shop around for a certain amount of time without affecting your credit?

[sikomcz]

Hi do you know of a lender in Riverside

[kfergus]

It shouldn’t be this hard to buy a house, I own my house..I’m starting to think that they are scammers

[steveludwig]

NMLS lookup info. was maybe I can at least get a free PIZZA from one of the new guys right?