Find the Right Lender

Home buyers should always compare the mortgage rates, terms and all of the related fees before selecting a mortgage lender.

An EBA will assist you in your dealings with lending institutions or mortgage companies to protect and promote your best interests. Your EBA will help you evaluate and secure the best mortgage, explaining in detail the forms you are signing, the terms of the loan, closing costs, points and interest rates.

One of the most important benefits of working with an EBA is that he or she will seek home financing that is as advantageous to you as possible, given your financial circumstances.

Ask Your Lender

As a home buyer you may realize a number of benefits by being better informed about mortgage practices. Borrowers have rights and remedies and deserve to expect a reasonable and professional level of competent service from the mortgage broker or lender. The questions below are designed to assist the uninformed borrower when interviewing mortgage brokers. Answers to these and other questions can help guide the decision making process in selecting not only the best loan program but also the best mortgage broker. Like mortgage products, mortgage services are not necessarily the same.

In addition to learning how a prospective lender advocates for the home buyer - after you start the conversation, of course - you'll also want to know about the lender's policies about disclosure and how it handles closing costs and other fees.