In New York, finding the best mortgage lenders to compare offers, rates and options is an important step in the home buying process. This is true for first-time buyers as well as for buyers who may have bought and sold multiple homes in the past.
Compare Online Lenders
There are a few mistakes that need to be addressed before considering how to find the right mortgage company for any home buyer. The biggest of these mistakes is assuming your current financial institution will offer the best rates and the best mortgages for your needs.
In reality, top online mortgage companies are often much more competitive than the banks, even your local NY City bank or financial institute. It doesn’t hurt to compare, so take the time to look at both traditional as well as online lenders before making a choice.
Customer Service
One of the common complaints from home buyers is the lack of customer service by the lending company. The best mortgage lenders make customer service their focus, working with homeowners to match the individual or couple with the best loan product for their financial situation.
They assist the homeowner complete the pre-approval process as well as determine if any specialized loans, such as VA, FHA or even jumbo loans are a better option than a conventional loan.
Rates and Fees
The best mortgage lenders in New York will always go over the rates for any type of loan from the various fixed loan rates through to ARMs (adjustable rate mortgages). In addition, they will clarify all fees or costs associated with the particular loan product to ensure their customers always understand the short and longer-term requirements of the mortgage selected.
Home buyers in New York need to look carefully at the options offered at Guaranteed Rate. As one of the best mortgage lenders in the NY state, we offer a full range of products with top customer service and low rates.
