Ditech : Refinance Mortgage Lenders: How to Find a Good Mortgage Lender When Refinancing Your Mortgage Loan

Finding the right mortgage lender when refinancing your loan will save you money and help you avoid common mortgage mistakes. Choosing the right lender means doing your homework and researching loan offers before applying. Here are several ways to recognize a good mortgage lender for your new loan.

Good Lenders Offer a Variety of Loans

Finding a mortgage lender that offers a wide variety of mortgage programs will improve your chances of finding loans tailored to your financial situation. If you are an individual with poor credit or a first time homebuyer, finding a specialty mortgage lender that caters to homeowners like yourself will help you immensely. The Internet is an excellent tool for quickly screening mortgage lenders.

Pay Attention to Customer Service

The quality of customer service you observe will help you find a good mortgage lender; however, do not base your decision solely on customer service. Lenders frequently buy and sell mortgage debt so the lender you choose may not be your mortgage lender down the road.

Watch for Competitive Interest Rates and Lender Fees

A good mortgage lender offers competitive interest rates and fees. The only way to spot a good mortgage lender is to comparison shop from a variety of lenders. When you compare fees and rates from multiple lenders it is easy to separate good lenders from predatory lenders that take advantage of their borrowers. You can learn more about finding the best lender for your mortgage loan by registering for a free mortgage guidebook.