Mortgage : Home Loans : Refinance : Home Equity Loans

By Jane A. Hale

Heading to Oklahoma may be the answer for those looking for jobs, especially in Tulsa. Oklahoma is enjoying a 2.49 percent job growth, exceeding the national 1.55 percent average. And this boost in employment, coupled with a strong economy in the Sooner State, means that home sales are jumping (14.8 percent so far this year), despite drought conditions that are affecting farms across the Midwest. This means that interest rates on home loans are up, but many people find that they can afford the rates, thanks to the good job market. But it is still a good idea to shop around. Here are three things to look for in a lender when getting an Oklahoma home mortgage loan:

1. A wide variety of loan programs

Try to find a lender that offers a variety of loan programs that might fit the needs of your specific home buying situation. Are you a first-time homebuyer who might have trouble with a down payment? Is your credit poor? Think of your personal financial circumstances and find a lender that offers programs to match.

2. Good, efficient customer service

You want to find a lender that answers your phone calls and questions in a timely manner. Someone who will sit down, get to know your situation, and help you evaluate loan programs is an asset when you are looking for an Oklahoma home mortgage loan. Additionally, you want to make sure your lender knows the ins and outs of mortgages and can act quickly to ensure that your financing is in sync with all of your home buying deadlines.

3. Low rates, fees and costs

You want to make sure that your mortgage lender offers reasonable interest rates, loan fees and closing costs. Ask for a list of fees charged for mortgage loans, as well as an estimate of closing costs. Get interest rate quotes as well. Then compare information from various lenders.

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For additional Mortgage Refinancing information
and resources visit Mortgage Refinancing.
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This entry was posted on Sunday, October 22nd, 2006 at 6:08 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.