Shopping Around?

Looking for the right mortgage? First, you should make sure you've found the right mortgage lender!

Owning a home may be the largest purchase you will ever make. Therefore, choosing the right mortgage lender is a very important decision. Finding the one that is right for you may take some effort, but getting the results will be worth your while.

Take the time to ask the questions you want to ask and make sure you understand the answers.

When shopping for a lender, it is critical that homebuyers know the lowest interest rate is not always the single most important factor when selecting a lender. Most lenders have very similar and competitive rates, so you probably would not see dramatic differences among them. Compare rates for similar loans and be aware that fees need to be translated into your actual cost.

Your mortgage loan interest rate depends on 26 factors and, at Cornerstone Home Lending, we will review your financial situation, including credit worth and collateral capacity, to determine how much house you can afford. The 26 criteria necessary to quote an accurate interest rate include: loan size, property type, loan type, occupancy type, residency, available assets, co-borrowers and employment history. We will strive to understand your needs, and our experienced, honest and knowledgeable team will explore options that are relevant to you. The right mortgage loan is not necessarily the one that offers the lowest rate, but rather a complete package of terms, conditions, rates and fees that fit your short- and long-term goals. Remember that rates can change on a daily basis, so make sure you compare lender quotes from within the same time period.

Rate is undeniably an important factor in your mortgage loan product, but it should not be the driving force behind your final decision. A low interest rate quoted by one mortgage lender may not be a bargain if you do not know or trust the company. Before you choose the most attractive rate, check into the company's history and reputation. At Cornerstone, you will find Loan Officers dedicated to providing the professional guidance, selection of mortgage products and services to our clients.

Cornerstone Home Lending offers a variety of mortgage options including fixed-rate conventional mortgages, adjustable-rate mortgages, FHA, VA and much more. With access to a wide array of national investor sources, our loan products are available with a variety of terms, each with its own unique features and benefits. Every day, we help clients decide which mortgage is the right solution for them. Let us help you make the right choice. At Cornerstone Home Lending, you will discover an atmosphere of enthusiasm, a spirit of dedication and a great desire to build quality relationships. Experience the Cornerstone difference!