How to Shop for a Mortgage Lender

(BBB) – If you are ready to purchase a home, refinance your home, or take out a home equity loan, you’ll need a mortgage. Mortgage lenders are generally willing to compete for your business, which means shopping around, comparing prices, and negotiating deals can save you thousands of dollars.

If you want to get the best deal possible, be sure to compare all the costs and understand how mortgages work. BBB recommends the following tips to help make your search for a mortgage lender a success.

How to Shop for a Mortgage Lender:

• Know how much you can spend upfront. Before you ask for information from a lender, it’s a good idea to know how much you can spend on a loan and the maximum monthly payment you can afford. This information will be a key part of your…