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3 Tips for Choosing the Best Online Mortgage Lender

The internet can be useful when you’re looking for a mortgage. But when you’re dealing with online mortgage lenders, there’s a range between legitimate ones and those running small-time scams. This article will cover some tips for choosing the best online mortgage lender, including: knowing your credit score, using referrals and comparing mortgages.

Knowing your Credit Score

This will not allow you to put your feet up on the desk and demand the best terms, as one commercial suggests, but it will let you know where you stand. “Just because you have a 700 credit score doesn’t put the ball in your court,” says Donald Frommeyer, chief executive officer of the National Association of Mortgage Professionals and a loan originator at American Midwest Bank in Indianapolis. Source: money.USNews

Using Referrals

Start by asking someone close in your universe that has recently gotten a mortgage; see if they can recommend their lender.  Ask a financial adviser, an accountant, your attorney or your realtor to help you with a short list of lender referrals.  These people deal with mortgage lenders regularly and can help you filter that continuum with the greatly disparate expertise and wherewithal and add real confidence to your decision. Source: Forbes

Comparing Mortgages

You don’t have to get your home loan from your closest bank. The best mortgages are available from a number of different mortgage lenders, whether it’s from a mortgage company, a credit union or a commercial bank.

You can search for the best mortgage rates online. Once you have several quotes in hand, compare all the costs and figure out which one makes the most financial sense for you. With your best mortgage quote in hand, you can go to a mortgage lender and use your quote as leverage to get a better deal.

You should also check with your mortgage lender or mortgage broker to see if buying points to lower your rate makes sense. This could be a good cost-saving move if you plan on living in the home for a long time. Source: NerdWallet

 

Contact:

Gary Wong, MBA
Macdonald Realty,
2105 West 38th Avenue,
Vancouver,
V6M 1R8

Phone: 778-862-9787
Office Phone: 604-263-1911
info@www.garywongrealty.com

What Our Clients Say

“I think Gary’s a very professional Realtor, that’s not just coming from me as a Mentor, it’s because I’ve worked with him, he truly cares about the client… You want to work with someone who is caring.”

I know so much realtor, but he’s the best one. Once I talk to him about the investment, he’s thinking, “Okay, this is the only person I trust.” Usually I just refuse to have any connecting with a salesperson or a realtor, but he’s only the exceptional one. Make friends with him.”

“It’s because of [Gary’s] knowledge, his insight, the way that he analyzes and he’s able to put real estate in perspective… he really is genuinely interested in me and what i’m looking for, that blew my mind… because he knows the market and he specializes in the luxury market he’s really able to provide that insight”

“The word professional sums up Gary, extremely knowledgeable… extremely honest, he didn’t sugar coat things… Gary will get it done, he’s done it for me, he’s done it for lots of people I know.”

Let Me Help You Achieve Your Real Estate And Financial Goals

Real Estate investing can be a long and arduous task. But it doesn’t have to be.

With my help, and my team, we’ll make sure the process is smooth, straightforward, and as simple as possible for you. As an award-winning REALTOR®, my team and I work with diligence to help you achieve your goals. We’ll deliver exceptional results with attentive care.

So whatever your real estate goals are, 
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