The new year has just begun and with it comes new beginnings, resolutions, and opportunities for many people. Some people may look for new careers and jobs, while others will look to move to new areas and purchase new homes. Those looking for new beginnings in a new house will surely be worrying about money, loans, and financing their new property. Comparing rates from different lenders and deciding which one is the best fit can be tedious and complicated for those that don’t know what they’re doing. Whether you’re looking for Virginia real estate, a New York penthouse, or beach front property, you may struggle identifying who to work with to finance your home. Thankfully, there are some lenders that stand out from the crowd as superior options. Here are the best places to get a loan for a home.
Quicken Loans
If you’re going to look into securing a loan for a home, then you may want to start with the largest online mortgage lender in the country. You don’t just become one of the biggest players in the market by simply resting on your laurels, so when borrowing from Quicken Loans you can ensure that you are working with a hard-working, smart, and reputable company. In addition, the company lives up to its name through its quick, speedy, and user-friendly interface. Wait times are very low, meaning you’ll hear a decision soon after your application is complete. If you’re not looking to wait around for your loan, then you definitely should look into the trusted brand that is Quicken Loans
Bank of America
Another large and reputable company, Bank of America has been serving customers for generations. As one of the largest banks in the U.S, Bank of America has a national presence. Their brand reliability coupled with their versatility in offering both online applications and physical locations make Bank of America a great choice. Not to mention that Bank of America offers some great rates on top of discounts that can be received by already being a member of the bank. If you’re looking for solid reliable choice for your loan, then Bank of America may be the way to go.
Guaranteed Rate
A relatively new player to the mortgage industry, Guaranteed Rate is still a strong option for those looking for home loans. Unlike most other lenders out there, Guaranteed Rate specializes in home loans, allowing them to offer the lowest rates and best loans possible. In addition, Guaranteed Rate can diversify its loans by offering many different types of loans for all kinds of financial situations. Although they may not carry the storied history that other national lenders may have, Guaranteed Rate is still a great choice to receive a home loan from.
Chase
Chase is a great choice for those that aren’t familiar with the home loan process. Chase specializes in physical locations and support, opting to forego focusing on quick online loan applications. While this may sacrifice some speed in the process, those that are unsure during the home loan process will be able to meet face-to-face with lenders and have all of their questions answered. This can be a great help for new home buyers, and can help them avoid some of the potential pitfalls that come with buying a new home.
I haven’t tried these places (we usually go with our local bank if possible) but I know lots of people who have done several of these and been pretty satisfied, I’d say. They seem to be very reputable and easy to deal with.