How do I choose between different mortgage lenders?
Compare interest rates, loan fees, closing costs, and customer service from at least three lenders. Look at the Loan Estimate each lender provides and compare the APR, which includes both rate and fees. Ask about rate lock periods, processing timelines, and whether they service the loan locally. A local lender familiar with South Jersey markets can often close faster and navigate local appraisal challenges better.
Why It Matters
Even a small difference in your interest rate can save or cost you tens of thousands of dollars over the life of the loan. Shopping around pays off.
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