Top Tips for Selecting a Lender
The high stakes of purchasing a home make it worth your while to carefully select a reputable lender. Consider the following when making your decision:
Shop around. What may seem like a minor difference in rates can amount to thousands of dollars in interest over the life of your loan. Be sure to compare rates, discount points and lender fees.
Pro tip: Ask each potential lender for a Loan Estimate, a form required by law that can help you easily compare different loans from different lenders. Loan Estimates will show you all the details of your loan, including interest rate, fees, monthly payment and more.
Think beyond dollars. Yes, interest rates are important. But so is choosing a lender that displays honesty, integrity and a commitment to meeting deadlines and communicating with you throughout the process.
Ask yourself: Is the lender prompt to respond to your initial contact? Are they friendly and courteous? Do they honor what you saw online or in an ad? Are they willing to explain things to you and educate you about different choices? Do they proactively discuss the timeline of the loan (estimated closing date, when to lock the rate)?
Get recommendations. Friends and family members are a great place to start when it comes to learning about lenders in your area. Ask what they liked or didn’t like about their experience.
Dominion Energy Credit Union has a long history of serving Dominion Energy employees, and we understand your specific needs. When you call us, it’s like calling an old friend who will go above and beyond to help.
Our money-saving options mean lower monthly payments and lower costs over the life of your loan, and you may even be able to pay o your loan quicker.
• With our lower than market rates, you may qualify for more
• We off er a variety of flexible terms, including low down payment options
• Get personal guidance from start to finish from someone you can trust
• We off er easy online application and instant approval
• Our settlement agents can even come to you
We make homebuying easy. Use our streamlined online application to apply for instant approval. We’ll help guide you every step of the way. We off er 1st mortgages in VA, NC, OH and SC.
