Choosing a lender is an incredibly important decision, and naturally you’d like to avoid making any common mistakes that might prevent you from getting a great mortgage. As you consider your options, here are 3 mistakes you should definitely avoid as you choose your mortgage lender:

1. Don’t go with the first lender you come across.

You might have heard a similar rule as you were home shopping. Just as you probably shouldn’t put an offer on the first home you find, you probably shouldn’t go with the first lender you hear about. Even if you think you’ve found the perfect lender whether that’s your bank or a reputable local company, call around and find out what they have to offer. Worst case scenario, you simply confirm that you’ve already found exactly what you need in a lender.

2. Don’t go in blind.

For something as important as purchasing a home, you should do everything you can to become an informed buyer. Ask your real estate agent and lender lots of questions. Talk to your friends and family who have purchased homes. Do independent research on the Internet. Any knowledge you obtain can only help you and your lender make informed decisions about what is best for you.

3. Don’t constantly compare advertised rates.

Shopping around for your lender is encouraged, but making and re-making decisions based on the rates you think they can give you is not. Of course interest rates and fees are important, but finding a competent and trustworthy lender is arguably just as important.

A trustworthy and transparent lender is going to do everything in their power to give you a competitive rate. Even if another lender promises they can save you a sliver of a percent or a negligable amount on closing costs, it still might be worth it to consider the lender’s competency and ability to handle any unexpected issues that might pop up prior to closing.

With all the lenders out there, it can be difficult to choose the best one for you. We recommend you start by giving us a call at 321-265-4000. We are happy to answer all your questions and find out how we can meet your mortgage needs.