LoansAtlanta

Now is a great time to shop for mortgage loans!  Rates are extremely low and home prices aren't bad either!  If you are one of the fortunate Atlantans who are gainfully employed and you have reasonably good credit, the time to purchase or refinance your home may not get any better than this for a while!

Also to your advantage is that now more than ever, lenders are fiercely competing for your mortgage business.   When you submit your applicaiton for a quote, typically you will receive up to 4 quotes for your loan.  And, of course there is no obligation to move forward with the loan process.  Lenders understand that when quote requests are submitted, borrowers may only be researching the loan figures to get a feel for the current rates and costs associated with a home refinance or home purchase loan.

Keep in mind that the loan process has changed over the last year and the underwriting, documentation and loan approval process unfortunately is taking quite a bit longer even for the "A" borrower.  So it's best to keep that in mind  that when you are shopping lenders you will need to ask the loan officers what is their loan process time and how long are there conventional or refinance loans taking.  You may want to pay a slightly higher interest on a loan that will close in 40 days vs. the one which may drag out for 2 months.