Not long ago,
homebuyers had very limited options when it came to mortgage, because
banks and credit unions were generally the only institutions that
offered them. Today, however, different types of home-financing
providers have become available. Unfortunately, with greater options
comes greater risks, and if you don't choose with care, you can
easily fall victim to unscrupulous lenders. Here are some tips you
can use to find the right provider for you to work with:
Check credentials
Only work with mortgage
companies that are regulated by the Financial Services Authority and
entered on the FSA register. Check with the agency to see if the
lender you’re looking at is in good professional standing.
