Finding a residential lender will involve more than just getting a good interest rate. You want to work with a residential lender company that is staffed with professionals who can help guide you through the process.

 

Get your credit score in shape before looking for a residential lender. The higher your score is, the more bargaining power you will have. It helps to know the mortgage lending landscape. There are different types of lenders you should be aware of, including credit unions, mortgage bankers, mutual savings banks, and more.

 

Once you have searched for a few lenders, compare rates from several mortgage lenders. Any rate quote you see online is just an estimate and a lender has to pull your credit information in order to give you an accurate rate, which you can then lock in.

 

Be sure to ask questions and read the fine print. You can also narrow down choices by asking for referrals from your real estate agent, family, and friends.