The competition in the mortgage lending business can be huge. The Internet offers tons of “discount” mortgage financing options from amazing terms to super fast closings. Like many other forms of advertisements, it may be too good to be true.

Where do you start to look for the right mortgage lender then?

Start by asking someone close that has recently gotten a mortgage, see if they can recommend their lender. You can ask your realtor, accountant, financial advisor or your attorney to gather a short list of lender referrals.

Talk to at least two lenders to find out about interest rates and the specifics of the loan they can provide. Take notes about fees, lock-in periods, points and qualification requirements. Ask to have a Loan Estimate e-mailed to you. The type of loan will vary depending on your unique situation, so ask potential lenders if they have experience with situations similar to yours (first-time home buyer, low credit score, VA, USDA, FHA, Down Payment Assistance Programs, etc).

In the end, you should choose a lender with whom you feel comfortable. The lender should be knowledgeable and approachable. The right mortgage lender is someone who is competent, capable and caring. If the result of your vetting process is finding a lender you trust, then you know you have chosen well.