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Finding a Mortgage Company

Whether you’re purchasing a home for the first time or it has been many years since your last home purchase, there are several essential questions to ask while going through the homebuying process.

Finding a Mortgage Company
Finding a Mortgage Company

Finding the right mortgage company may seem overwhelming, so shop around for at least two or three mortgage quotes before making a decision. Here is what you should ask:

– How does my credit score affect my quoted mortgage interest rate?

– Does the lender offer first-time homebuyer loan programs?

– What is needed for pre-approval to submit an offer to purchase?

– How much are the lending fees?

– What are the estimated monthly mortgage payments and closing costs after the initial deposit, taxes, escrow, and title and mortgage insurance?

– What are the current mortgage rates?

– When can I lock in my rate?

– How long does it take to get a final mortgage commitment?

Once you have acquired the pertinent information, you should be able to choose the best lender for your financial needs.

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Kimmer Plunk

Based in Memphis and serving clients in West Tennessee and Northwest Mississippi. Serving others is a reward of its own and part of what makes me happy, and I've been doing that for 30 years through various activities including Girl Scouts, PTO, various board positions, unhoused ministry, and professional, award-winning teaching. I treat others the way that I want to be treated including being readily available, listening to your desires, answering your questions thoroughly, and walking you through the home purchase process. My ultimate goal is to see that you find the home of your dreams and experience the least amount of stress during the process.

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