Berkeley Realtors Berkeley Realtor - Barbara Hendrickson
Serving Buyers and Sellers in the Bay Area including Albany, Berkeley, El Cerrito, Kensington, Oakland, Rockridge, Piedmont and the surrounding San Francisco East Bay Area

DRE License #00780582

Just Sell My House
Art Work By Barbara

For Buyers...

The Home Buying Process... Who Pays What? | Checklist for Loan Application | Components of a Mortgage Payment | The Loan Process | Shopping For A Lender | Getting Pre-Approved | The Inspection Process | Physical Inspection | Calculating Tax Savings

Shopping for a Lender

A very important part of purchasing a home is finding the right lender. Listed below are some characteristics you should look for when choosing a lender. Also, things you should not do when choosing a lender.

Questions to ask while shopping for a lender
  • What is his/her reputation within the community?
  • How many loans do they close each year?
  • Is the company well known in the area?
  • How long has the company been in business?
  • Does the lender have access to a wide variety of loan packages?
  • Can the interest rates be locked in, and for how long?

What not to do when shopping for a lender
  • Do not call around asking for interest rate quotes.
  • Rate quotes over the phone are rarely locked prices. This is one way the lender gets you to come to his office. Rates can be subject to changes unless they are predeterminded for a specific period of time.
  • Interest rates can change daily. A quote you get today may not be available tomorrow.
  • The interest rate you are quoted over the phone may not be a program that will fit your needs or situation.

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Barbara Hendrickson

Phone: 510-708-3800

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