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New Jersey Home Mortgage Loans - How to Find a Good Lender in New Jersey

If you are in the market for a New Jersey home mortgage loan, you will need to make sure that you find just the right lender. The lender you choose will not only set your rates, lending fees, and closing costs, they will also be handling your personal and financial information. Here are a few tips to help you find a good lender in New Jersey:


Get Referrals


The first step of the loan process is deciding to get a loan. The second step involves getting referrals. You can ask friends, family, and acquaintances for lender recommendations. You can also expand your search to the Internet. There are many informational sites online that can provide quality lender referrals.


Ask Questions


If you want to find a good lender to handle your New Jersey home mortgage loan, you are going to need to ask a lot of questions. If there is anything you do not understand when it comes to a quote, estimate, or loan agreement, it is essential that you ask about it. If your lender can't or won't answer your questions, consider it a red flag.


Watch for Predatory Practices


Though it would be nice to think that every lender has your best interests at heart, the truth is that they don't. Predatory lending is a serious problem in our society and many hard-working people get fleeced each year. New Jersey home mortgage shoppers are luckier than most because the state has enacted very strict anti-predatory lending practices. Even so, those who are shopping for a New Jersey home mortgage loan need to watch out for common predatory practices. If your lender is quoting unfair rates and fees, you should be wary. If they are changing numbers on your mortgage application or encouraging you to lie about your finances, you should find a new lender immediately.


Visit New Jersey Lending Center for a list of New Jersey Recommended Home Mortgage Lenders, whether you are looking for home purchase, refinance or a home equity loan.


Source: www.articlesbase.com