Home loans are available from several types of lenders such as commercial banks, mortgage companies, and credit unions. Different lenders may quote you different prices, so you should contact several lenders to make sure you’re getting the best price. When buying a home, remember to shop around, to compare costs and terms, and to negotiate for the best deal as it could potentially save you thousands of dollars. Be sure to get information about mortgages from several lenders or brokers. Know how much of a down payment you can afford, and find out all the costs involved in the loan. Knowing just the amount of the monthly payment or the interest rate is not enough. Ask for information about the same loan amount, loan term, and type of loan so that you can compare the information. Some information to keep in mind when shopping for a home mortgage is whether the rate is fixed or adjustable. Keep in mind that when interest rates for adjustable-rate loans go up, generally so does the monthly payment. Also, ask about points, rates and any fees the lender may charge. Below is a list of a few lenders that I have used in the past, but I encourage you to contact many lenders to make sure you are obtaining the best possible package for you.
|Drew Goodner||Bancorp South||334-444-1500|
|Barry Jones||Interlinc||(334) 329-6853||(334) 524-5363|
|Luke Madsen||River Bank & Trust||(334) 364-5112||(334) 332-4974|
|Jerry Clark||Wells Fargo, NMLSR 642761||(706) 494-5675||(334) 744-9001|
|Will Golden||CMG Financial||(334) 744-5485|
|Jeff Fair||CMG Financial||(334) 521-9064|