It may take some shopping around before you find the perfect lender.

I get a lot of questions from homebuyers about lenders. Many feel like they have to go with the first lender who contacts them because they’re afraid their credit score will take a significant hit if they look elsewhere. Fortunately, I’ve found that the credit score impact is negligible when buyers speak to other lenders. It’s your right to shop around for as many different lenders as you’d like.

You need to be able to distinguish between a lender who works for you and one who works for your agent. If you feel like your agent is pressuring you to work with a certain lender, they may not be the right agent.

“Take your time, and find professionals who are on your side every step of the way.”

Additionally, if a lender has hundreds of clients and a large number of settlements coming up, they likely won’t be able to address your questions or concerns in a timely manner. Interest rates change each month, and if your lender isn’t on top of your situation, you may be caught off guard by an increase when you reach the closing table. You want to be sure that your lender is informing you of all the changes that may occur throughout your transaction.

So, when you’re looking for a lender, shop around and find one who will give you the best service possible. Though buying a home is a huge decision, it’s not one that you should rush—take your time and find professionals who are on your side every step of the way.

If you have any questions about real estate or would like more information, feel free to reach out to me. I look forward to hearing from you soon.