3 Things To Look For In A California Mortgage Lender Online
Posted by Nick Niesen on October 29th, 2010
Want to buy a home in California? If so, chances are you'll need a California Mortgage Lender to help finance your new house. Fortunately, the Internet has made the mortgage process easy. You can even find a lender online with very little hassle! Here's how to find a reputable California Mortgage Lender online:
Ask friends, family and neighbors
If you already live in California, some of the people you know in the state may have used a California Mortgage Lender online when they financed their home. Ask around among close friends and acquaintances to see if anyone can make a personal recommendation. Check with co-workers, family members and neighbors, too. A referral like this is often a good way to hear about the good--and bad--experiences people have had with various online mortgage lenders.
Watch out for predators
"Predatory lending" is a term generally used to describe any lender that is trying to take advantage of the borrower. Examples include charging high, unnecessary fees, pushing borrowers into a loan they can't afford, or using lies and deception to obtain clients. Carefully review all fees and charges--your lender is required to give you a "good faith estimate"--plus the fine print, like loan terms and prepayment penalties. Be on the lookout for any false or misleading information, or any terms that are vague and unspecific. If the fees seem too high or too numerous, look for a different lender.
Check with officials
All California Mortgage Lenders and Brokers should be licensed with either The California Department of Real Estate or The California Department of Corporations. To help ensure your California Mortgage Lender is legitimate and reputable, check with these agencies to see if your lender is licensed. Avoid any lending company that is not licensed or has allowed its license to expire.
Be sure to check with your city's Better Business Bureau office, as well. They'll have a record of any complaints that may have been filed against your California Mortgage Lender.
About the AuthorNick Niesen
Joined: April 29th, 2015
Articles Posted: 33,848
Online Art Lessons
Visit us for hundreds of free online art lessons and classes. New tutorials added every week on how to draw and paint in Oil, Watercolour, Acrylic and more.
Learn Guitar | Free Guitar Tip | Online Guitar Lesson
Guitar Coaching: Serving Guitarists Online Since 2004. Best learn guitar lessons online. Step-by-step courses for beginners, intermediate & advanced guitar.
Make Rap Beats Online - Sonic Producer
It is now really easy to make rap & Hop Hop beats online with the help of the number one voted beat maker software. You can make rap, hiphop etc beats in minutes.
Lolli: Earn Free Bitcoin When You Shop Online!
Lolli is a rewards application that gives you bitcoin for shopping at your favorite online stores.
Take Online Guitar Lessons
Learn to play at your own pace and in a range of styles and genres. Get started now to access over 200 online guitar lessons.
Forex Signals | Trusted Forex Trading Signals | 1000PipBuilder
Start making profits with 1000pip builder and get best forex signals for trading. We provide Forex Signals online with unbeatable performance and verified result. Join us today!