Home buyers often do not realize how complex and competitive the lending process can be. For
many (especially first-time buyers) there’s only a hazy idea of “the bank” approving or denying
them a mortgage. So many don’t understand how to shop for a loan or that investing a little time
upfront can result in profound savings and a sense of satisfaction.
A recent article in the Wall Street Journal recently revealed “in a recent survey, 21% of home
buyers regretted their choice of lender.” ( Source: http://www.wsj.com/articles/about-one-fifth-ofmortgage-borrowers-were-unhappy-with-their-lender-1481738583
Among first-time buyers, that figure crept up to 27%.
As the piece details, there are some good ways to avoid this disappointment. First and foremost,