Pre-Market Referrals

A very important part of purchasing a home is finding the right lender. Listed below are ways to choose a lender and characteristics you should look for.


Questions to Consider When Selecting Your Lender

- What is his or her reputation within the community? Does he or she have references?

- Is the company well known in the area? How long has the company been in business?

- Is the lender a mortgage broker? Does the lender have access to a wide variety of loan programs?

- Can the interest rates be locked in and for how long? Is there a charge?


What NOT to do When Looking for Your Lender

- Do not call around asking for interest-rate quotes.

- Rates quoted over the phone are rarely locked prices. This is one way the lender gets you to come into his or her office.

- Rates can be subject to change unless they are predetermined for a specific period of time.

- Interest rates can change daily. A quote you get today may not be available at the same price tomorrow.

- The interest rate you are quoted over the phone by a lender who knows nothing about you may not be a program that will fit your needs or qualifications.

- Do not agree to loan terms that you do not understand. A qualified loan representative will explain rates and terms to your satisfaction.

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1290 Howard Ave #201, Burlingame, CA 94010