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When buying home for the first time, should we get mortgage loans from local bank or lender?

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September 01 2013 - US
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It is good that you are considering all your options. A lot of people only go to their local banks and usually don't talk to more that one lender. It is important to consider your options and to not look at only one lender because lenders like myself can offer services that better fit your needs that banks cannot. So continue to shop around and check out lenders like myself.

Well I hope this helps! If you have any further question or if you would like a loan, feel free to contact me. Also, if you found this comment helpful, please leave me a review!

Good Luck!
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September 03 2013
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"I would suggest asking your local Realtor."

Which one? And, how do you vet the REA to make sure that they know what they are doing, or who the reputable and effective lenders are? Seems like you've added yet-another-level-of-uncertainty to the process.

Consumers need to take be able to take an active role in their transaction, and that all starts with self-education. Bypassing this step and going deferring to the recommendation of "your local Realtor" is a shortcut that, absent the background to make your own determinations, is fraught with potential pitfalls.
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September 01 2013
I would suggest asking your local Realtor.  Normally they can offer advice on this and usually have excellent contacts.  It is not necessarily the Lender or Bank but the Loan Officer that you are dealing with. Your local Realtor usually know the reputable ones.
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September 01 2013
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Talk to both sources, and multiple individuals, until you find a person who demonstrates the qualities you are looking for, and an ability to manage the process.

To be able to do this, you first need some understanding of both the various products and the general process. This is a site I often referred to back-in-the-day.
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September 01 2013
 
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