Tips on Choosing a Northern CA Mortgage Lender

By Gil Mackey
Local Lender Columnist
Apr 25, 2008
Finding the right mortgage lender is not something that will happen by default. Nor is it a choice you should make as casually as finding a new dry cleaner.

Mortgage Lender Shopping? First Understand Your Needs

Which do you value more? A variety of mortgage loan products, the highest level of personal service, the lowest possible rate, or something else? Do you have a unique situation or credit problems in your past? These factors can play into your decision-making process when looking for a Northern CA mortgage lender. With a local CA lender, such as a small credit union, you get more personalized service and can develop a relationship with the lending institution and the people who work there. With a national lender you may not have that same relationship, but it may have a greater diversity of mortgage products and options. Understand your needs and priorities first, and then look for a mortgage lender that fits.

Mortgage Lender Pros and Cons

Remember that there is no one right answer for everyone when it comes to finding a mortgage lender. What works for you may not work for a friend or family member--and vice versa. While working with a lender will give you that personal touch, sometimes they may sell their mortgage loans to another mortgage lender for servicing. This means your point of contact might change. Working with a national lender may give you more flexibility on choosing a mortgage, but sometimes you may get transferred around or have to wait for an answer to your questions. As you talk with different mortgage lenders, take note of how they respond, answer questions, and return your calls. Use this information to find a Northern CA lender that best matches the kind of company you want to do business with.

About the Author
Gil Mackey has been a writer and artist for the past twenty years. In addition to freelance writing, Gil writes for his local paper, and lives with his two children in Nevada.