Home Buying Process
How to Choose a Mortgage Lender
Your Roadmap to a Confident Home Purchase
Whether you’re buying for the first time or the fifth, having a clear understanding of the home buying process makes all the difference.
My comprehensive Home Buyer Overview walks you through every stage—from financing and offer strategy to inspections, closing, and beyond—so you can navigate your purchase with clarity, confidence, and fewer surprises.
Not all lenders are created equal—and the one you choose can make or break your home purchase. This video breaks down the differences between banks, online lenders, and mortgage companies, and explains why choosing the right lender is one of the most important decisions you’ll make as a buyer. It’s ideal for anyone preparing to get pre-approved or actively shopping for a home.
What You’ll Learn in This Video:
The three main types of mortgage lenders and how they differ
Why mortgage companies are often the best choice for home buyers
How your lender can impact your offer’s credibility with sellers
The risks of working with an unresponsive or inexperienced lender
Why the “lowest rate” shouldn’t be your only consideration
What’s on the market now? Customize your home search.
Ready to start the process? Schedule a brief conversation.
Adam Tabaka (00:00):
When it comes to choosing a lender, choose wisely. There’s an old saying that you get what you pay for and when it comes to choosing your lender, if you choose the wrong lender, you may not get the home that you really want.
(00:14):
There are generally three types of mortgage lenders, banks, online lenders, and mortgage companies. Banks will typically have low rates and are often the best option if you’re purchasing raw land. Online lenders will often have the lowest rates and they can be a great option if you’re looking to refinance.
(00:35):
But if you’re looking to purchase residential property, mortgage companies are far and away the best option. And while their rates may be marginally higher than other types of lenders, their loan officers are generally experts at what they do. They’re generally accessible when you need to talk to them, and they have great reputations for getting home purchases to the settlement table.
(00:58):
Working with the wrong lender may make it harder for you to get your offer accepted, and they may put your EMD at risk. Working with the right lender will give you a better chance of having your offer accepted and of seeing your transaction get to the settlement table on time.
Your Roadmap to a Confident Home Purchase
Whether you’re buying for the first time or the fifth, having a clear understanding of the home buying process makes all the difference.
My comprehensive Home Buyer Overview walks you through every stage—from financing and offer strategy to inspections, closing, and beyond—so you can navigate your purchase with clarity, confidence, and fewer surprises.