If the interest rate looks good, don’t stop there

Applying for a mortgage is the easy part, but getting one funded in time is another matter altogether. (Flickr photo by Ofankor)

Good advice that buyers often hear is that they should shop around for the best mortgage.

Certainly, getting the best interest rate is important, even critically so.  But just as important is choosing the right lender.

For example, any competent broker in Manhattan and elsewhere will counsel buyers to avoid out-of-town lenders.  That because Continue reading