A mortgage lender is a financial institution that ultimately approves your mortgage loan so that you can purchase a home and lends you the money to do so. Lenders lay out your financing options, review (or underwrite) your income and credit documentation, and work with you to determine whether you qualify for a loan. They also determine the amount you qualify for and provide explanations for the different options available to you.
Even though the process can seem overwhelming, it’s important to shop around before deciding on the right lender. Speaking to multiple lenders can make a difference in your ability to get the best mortgage and loan terms for your needs. If you don’t know where to look for a lender, start by asking friends, family, real estate professionals, and your local bank for recommendations. Source
NMLS ID 394275 | DRE ID 01769353
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