How to Choose a Mortgage Lender
January 25, 2019

How to Choose a Mortgage Lender

  • Is brick and mortar important?

  • Is online convenience sustainable?

  • Is company/brand name a priority?

  • Is reputation a factor?

  • Should you go with the lowest rate?

  • Do you look for a high-ranking officer or title in a company?

  • Do you look for an experienced representative?

  • Should the lending company be an originator of the loan?


The answers to each of these may all need to be weighed but realistically, when it comes right down to it, giving your trust o an organization and representative that has the trust of many, is loyal to its customers and is there for your specific needs is probably your best solution.

How is a Consumer Supposed to Choose the Ideal Mortgage Lender? 

Start by asking someone close in your universe, that has recently gotten a mortgage, and see if they can recommend their lender. Ask a financial adviser, an accountant, your attorney or your realtor to help you with a short list of lender referrals. These people deal with mortgage lenders regularly and can help you filter through the expertise and stability to help add real confidence to your decision.

Search the internet and thoroughly investigate offerings for details. Advertising is shiny, don’t be blinded by the glare, find out about fees, lock-in periods, points and qualification requirements for what is being featured.

Remember that every lender you consider wants to sell you, everyone you talk to will sound like the best deal. Take notes, ask for things like Good Faith Estimates (GFE) and Truth-In-Lending (TIL) statements to be emailed or faxed to you. 

Your mortgage loan will be originated, processed, approved and closed by actual people. So, at the end of the day, while software and institutions will be the platforms that allow individuals to do their jobs, you ultimately are choosing people to help with the single biggest financial decision most of us will ever make. Beware, but if you trust in your lender’s representative and the institution, the result of your vetting process will be successful.

Why HomeStar for Your Mortgage Lending Needs?

Since 1991 HomeStar Bank & Financial Services has been the #1 home loan lender in Kankakee County and is here for you providing:

  • Secure, No-Hassle Application

  • 15, 20, 30 Year Fixed-Rates

  • Adjustable Rate Loans

  • Low Rates for Mortgage & Refinance

  • Low down payment

  • No Hidden Fees

  • Fast Approval


  • RD, VA & FHA Loans Available


  • Experienced Personal Home Lending Professional to assist with the entire process


At HomeStar, we are a family owned and operated, customer-focused community bank. We have experienced loan officers (with a total of 72.5 years with the HomeStar Bank & Financial Services – lending division) and a large team of underwriters and support staff to make sure the loan process is quick and easy for you.
 
We believe communication is a vital part of the loan process. You can be assured your loan officer will contact you regularly throughout the loan process – there to answer all your questions. Additionally, we tailor our loans to each customer’s individual needs and situation; it’s what makes us different and what has made us the number 1 home loan lender in Kankakee County since 1991.

See for yourself – here’s how we compare:
 
Kankakee County Recorded Mortgages


Wish to Get Started?

Apply today – simply review our privacy disclosure and start the application. We just need a few questions answered that will take about 20 minutes and once you submit we will be in touch with you within 24 hours.


 

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Information presented in the HomeStar Resource Center is provided for educational purposes only. HomeStar Bank & Financial Services makes no representations as to the accuracy, completeness, or specific suitability of any information presented. Information provided should not be relied on or interpreted as accounting, financial planning, investment, legal, or tax advice. HomeStar recommends you consult a professional for any specific guidance you are seeking.

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