The Role of a Lender in the Real
Estate Transaction
In most real estate transactions you
need to establish a relationship
with a local or internet lender to
act as the mortgage holder. Some of
the key factors in choosing your
lender are:
- Interest Rates
- Points
- Types of Mortgages (length of
terms, fixed rates, etc.)
It is important to search for a
lender who is willing to act as a
financial counselor. He/she should
be able and willing to analyze your
financial situation and offer you a
mortgage tailored to your particular
needs, keeping in mind interest
rates, cash requirements and monthly
payments.
