Thinking about purchasing or refinancing your home? Be careful because many mortgage loan originators will make promises they can't keep to get you in the door. The most important document to request is a Good Faith Estimate form because after the closing costs have been legally disclosed many of them can't change. Also the Good Faith Estimate allows you to compare offers from different lenders in a consistent fashion because everyone's closing costs will be disclosed in the same format. If an offer sounds too good to be true, then it probably is. A rate .25% or more below any other rate in the marketplace is probably not a real rate. Your rate is not considered locked in until you get an executed lock in agreement from your lender.

Make sure your loan officer has experience. Most loans get denied for mistakes by the loan officer, not because the borrower doesn't qualify for the loan. An experienced loan officer from a reputable mortgage company can help insure that you receive the best product for your situation with the fewest headaches along the way. At SunQuest Funding, we are known for structuring transactions to benefit the borrower. We don't make a promise we can't keep or bait and switch. Call us today and learn how we can help you achieve your homeownership goals.