The Complete Guide to Mortgage Lenders: Expert Insights for Smart Homebuyers (A to z)

The American mortgage industry processes over $4 trillion in home loans annually, yet most borrowers spend more time researching their next smartphone than they do choosing their mortgage lender. This single decision impacts your financial health for 15 to 30 years and can mean the difference between paying $200,000 or $250,000 in interest on a $400,000 loan.

After analyzing current lending practices, interviewing loan officers, and reviewing data from the Consumer Financial Protection Bureau and Federal Housing Finance Agency, this guide provides the actionable intelligence you need to secure optimal financing terms.

Understanding the Mortgage Lending Landscape

What Defines a Mortgage Lender?

A mortgage lender is a financial institution or company that originates, funds, and sometimes services home loans. These entities evaluate borrower creditworthiness, underwrite loan applications according to specific guidelines, and provide capital for real estate purchases or refinancing.

The distinction between lender types matters significantly. Direct lenders use their own capital and underwriting departments. Correspondent lenders fund loans initially but sell them immediately to larger institutions. Portfolio lenders keep loans on their books rather than selling to secondary markets, offering more flexibility but typically higher rates.

The Regulatory Framework

All legitimate mortgage lenders operate under federal oversight. The Consumer Financial Protection Bureau (CFPB) enforces Truth in Lending Act (TILA) requirements, Real Estate Settlement Procedures Act (RESPA) compliance, and Equal Credit Opportunity Act (ECOA) standards. State banking departments provide additional licensing requirements.

Every loan officer must hold an NMLS (Nationwide Multistate Licensing System) number. This registry tracks disciplinary actions, employment history, and continuing education completion. Verify credentials at www.nmlsconsumeraccess.org before sharing financial information.

Types of Mortgage Lenders: A Detailed Analysis

Depository Institutions

**National Banks**: Wells Fargo, Bank of America, JPMorgan Chase, and U.S. Bank control approximately 35% of mortgage originations. These institutions offer relationship pricing for existing customers and comprehensive financial services. Average closing time: 35-45 days.

**Advantages**: Established reputation, branch network access, potential rate discounts for deposit account holders, stable operations.

**Disadvantages**: More rigid underwriting standards, higher fee structures (average 2.8% vs. 2.3% for non-banks), less competitive rates for borrowers with excellent credit.

**Regional Banks**: Institutions like Fifth Third Bank, KeyBank, and Huntington Bank serve specific geographic areas. They combine national bank resources with community bank responsiveness.

**Credit Unions**: Member-owned cooperatives like Navy Federal Credit Union and Pentagon Federal Credit Union offer some of the industry's most competitive rates. Average rates run 0.25% to 0.50% lower than commercial banks. Membership requirements vary—military service, employer relationships, geographic location, or family connections.

Non-Depository Mortgage Companies

**Independent Mortgage Banks**: United Wholesale Mortgage, Fairway Independent Mortgage, and Caliber Home Loans specialize exclusively in mortgage lending. These companies originated 53% of all mortgages in 2023, according to Inside Mortgage Finance.

**Key Characteristics**: Streamlined operations focused solely on mortgages, competitive pricing structures, faster processing (average 28-32 days), technology-driven application processes.

**Fintech Mortgage Lenders**: Rocket Mortgage (Quicken Loans), Better.com, and LoanDepot revolutionized the industry with digital-first approaches. Rocket Mortgage originated over $96 billion in loans in 2023, making it America's largest retail lender.

**Technology Advantages**: Automated document collection, instant pre-qualifications, 24/7 application access, reduced paperwork through digital verification systems.

**Considerations**: Limited face-to-face interaction, customer service primarily through phone or chat, potential complications if non-standard income documentation needed.

 Mortgage Brokers

Brokers act as intermediaries between borrowers and lenders, accessing wholesale lending channels unavailable to consumers. Licensed brokers maintain relationships with 20 to 100+ lenders.

**Compensation Structure**: Brokers earn yield spread premiums from lenders plus potential borrower-paid fees. Federal law caps total compensation and requires disclosure of all payments.

**When Brokers Excel**: Self-employed borrowers, unique property types, credit challenges requiring specialized programs, borrowers seeking maximum options with minimal effort.

**Quality Indicators**: Years in business, average reviews above 4.5 stars, membership in National Association of Mortgage Brokers (NAMB), transparent fee discussions upfront.

critical Comparison Factors: The Data That Matters

Interest Rate Analysis

The interest rate represents your borrowing cost before fees. On January 6, 2026, average 30-year fixed rates hover around 6.5% to 7.0% for qualified borrowers. Your actual rate depends on multiple factors:

**Credit Score Impact**: 

- 760-850: Lowest available rates

- 700-759: Approximately 0.25% higher

- 660-699: Approximately 0.50% higher

- 620-659: Approximately 1.00% higher

**Loan-to-Value Ratio**: Higher down payments yield better rates. The difference between 5% down and 20% down typically equals 0.375% to 0.50% in interest rate.

**Loan Amount**: Super-conforming and jumbo loans carry rate premiums of 0.25% to 0.75% above conforming loan rates.

### Annual Percentage Rate (APR)

APR includes interest plus fees amortized over the loan term, providing true cost comparison. A 6.5% interest rate might carry a 6.73% APR after including origination fees, points, and lender charges.

**Calculation Example**: $400,000 loan at 6.5% with $8,000 in fees equals 6.68% APR. The same 6.5% rate with $12,000 in fees equals 6.78% APR. Over 30 years, that 0.10% APR difference costs approximately $7,200.

Closing Costs Breakdown

Total closing costs average 2% to 5% of loan amount, varying significantly by lender and location.

**Lender Fees** (negotiable):

- Origination fee: 0.5% to 1.0% of loan amount

- Underwriting fee: $400 to $900

- Processing fee: $300 to $700

- Application fee: $0 to $500

**Third-Party Fees** (limited negotiation):

- Appraisal: $400 to $800

- Title insurance: 0.5% to 1.0% of purchase price

- Credit report: $30 to $50

- Flood certification: $15 to $25

**Prepaid Costs**:

- Property tax reserves: 2-6 months

- Homeowners insurance: 12-14 months

- Daily interest charges: Varies by closing date

### Loan Program Availability

Not all lenders offer all programs. Specialization matters.

**Conventional Loans**: Conforming to Fannie Mae/Freddie Mac standards, maximum $806,500 in most markets ($1,209,750 in high-cost areas). Require 3% to 20% down. Private mortgage insurance (PMI) required below 20% down.

**FHA Loans**: Government-backed, 3.5% minimum down, credit scores as low as 580 accepted. Mandatory mortgage insurance premium (MIP) for loan life if down payment under 10%. Popular with first-time buyers—83% of FHA loans go to first-timers.

**VA Loans**: Available to veterans, active military, and qualifying spouses. Zero down payment, no PMI, funding fee of 2.15% to 3.3% (waived for disabled veterans). Maximum efficiency—VA loans have the lowest foreclosure rates in the industry at 0.3%.

**USDA Loans**: Rural and suburban properties in eligible areas. Zero down payment, income limits apply, guarantee fee required. Cover approximately 97% of U.S. geography despite "rural" designation.

**Jumbo Loans**: Exceed conforming limits, require stronger credit (typically 700+), larger down payments (10% to 20%), and lower debt-to-income ratios (typically under 43%). Rate premiums of 0.25% to 0.75% above conforming rates.

## Comprehensive Questions to Ask Every Lender

### Rate and Fee Inquiries

**Q: What is your current interest rate for my loan profile, and how long can I lock it?**

Rate locks guarantee your interest rate for a specified period—typically 30, 45, or 60 days. Longer locks cost more. If rates drop during your lock, some lenders offer "float-down" options for fees ranging from 0.125% to 0.25% of loan amount.

**Q: What is the APR, and what fees does it include?**

This separates marketing gimmicks from genuine value. Lenders advertising artificially low rates often compensate with excessive fees.

**Q: Are discount points worthwhile for my situation?**

One discount point equals 1% of loan amount and typically reduces your rate by 0.25%. Calculate breakeven: If one point ($4,000 on $400,000 loan) saves $75 monthly, breakeven is 53 months. Stay beyond that timeframe, and points make financial sense.

**Q: Can you provide a detailed fee worksheet before I apply?**

Reputable lenders provide estimates without formal application. Reluctance to discuss fees early signals potential problems.

### Underwriting and Processing Questions

**Q: Do you underwrite loans in-house or send them to a central location?**

In-house underwriting averages 5-7 days faster and allows more flexibility for unique situations.

**Q: What is your average time from application to closing?**

Industry average: 35 days for purchase loans, 40 days for refinances. Top performers close in 21-28 days. Slow lenders take 50+ days.

**Q: How many outstanding conditions do you typically require before clear-to-close?**

Excessive conditions indicate inefficient processes or inexperienced underwriters.

**Q: Will you sell my loan after closing, or will you service it?**

Approximately 70% of mortgages are sold to servicers post-closing. This impacts where you send payments and whom you contact with questions. Servicer quality varies dramatically.

### Documentation Requirements

**Q: What income documentation do you require for my employment type?**

W-2 employees: Two years of W-2s, recent pay stubs, two years of tax returns (sometimes).

Self-employed: Two years of personal and business tax returns, year-to-date profit and loss statement, business license.

Commission/bonus income: Two-year history required, averaged for qualifying purposes.

**Q: Do you offer alternative documentation programs?**

Bank statement programs, asset depletion programs, and debt service coverage ratio (DSCR) loans serve borrowers with non-traditional income. Expect rate premiums of 0.75% to 2.00%.

**Q: What assets must be verified and sourced?**

All funds for down payment and closing costs require two months of statements. Large deposits need explanation letters and documentation. Gift funds require gift letters from donors and proof of transfer.

### Problem Resolution

**Q: If problems arise during underwriting, how do you communicate them, and what is your response timeframe?**

Issues will arise—employment verification delays, appraisal challenges, title problems. Lender responsiveness determines whether you close on schedule.

**Q: What is your backup plan if we encounter delays?**

Rate lock extensions, temporary rate buydowns, and expedited processing options provide safety nets.

**Q: Can you provide references from recent borrowers with similar loan profiles?**

Quality lenders gladly connect you with satisfied customers.

## Step-by-Step Lender Selection Process

### Phase 1: Research and Shortlisting (Week 1)

**Days 1-2: Initial Research**

Identify 5-7 potential lenders across different categories: one major bank, one credit union (if eligible), two online lenders, one local mortgage company, one broker.

Check NMLS records, Better Business Bureau ratings, Consumer Affairs reviews, and Google reviews. Look for patterns in complaints—isolated incidents matter less than systematic problems.

**Days 3-4: Preliminary Contact**

Call or email each lender with basic scenario details: property price range, estimated down payment, credit score range, employment type. Request rate quotes and fee estimates.

Quality lenders provide specific information. Poor lenders offer vague responses like "rates change daily" without concrete numbers.

**Days 5-7: Review Materials**

Compare initial quotes. Eliminate lenders with unclear communication, significantly higher fees without justification, or limited program offerings for your needs.

### Phase 2: Formal Applications (Week 2)

**Submit Applications to Top 3 Lenders**

Multiple mortgage inquiries within 45 days count as single credit pull for FICO scoring purposes. Apply to your top three choices within this window.

Provide identical information to each lender for accurate comparison. Discrepancies in income reporting or asset documentation will yield incomparable quotes.

**Review Loan Estimates**

Federal law requires lenders to provide Loan Estimates within three business days of application. This three-page document standardizes disclosures for easy comparison.

**Page 1: Loan Terms**

- Loan amount

- Interest rate  

- Monthly principal and interest payment

- Prepayment penalty (if any)

- Balloon payment (if any)

**Page 2: Closing Cost Details**

Section A: Origination charges

Section B: Services borrower cannot shop for

Section C: Services borrower can shop for

Section D: Total closing costs

Section E: Taxes and government fees

Section F: Prepaids

Section G: Initial escrow payment

Section H: Other costs

**Page 3: Comparisons and Additional Information**

- APR

- Total interest percentage (TIP)

- 5-year cost projection

### Phase 3: Deep Analysis (Week 2-3)

**Create Comparison Spreadsheet**

Column headers: Lender name, interest rate, APR, monthly payment, origination fees, total closing costs, estimated cash to close, lock period, average closing time, customer service experience rating.

**Calculate True Costs**

Don't focus solely on monthly payment. Calculate total interest over loan term:

Example comparison on $400,000 loan:

- Lender A: 6.50% rate, $2,528 monthly payment, $509,596 total interest

- Lender B: 6.625% rate, $2,560 monthly payment, $521,403 total interest

- Difference: $11,807 over 30 years despite only $32 monthly payment difference

**Evaluate Tradeoffs**

Lower rates typically mean higher closing costs. No-closing-cost loans carry rate premiums of 0.25% to 0.50%. Calculate breakeven points for your expected homeownership duration.

### Phase 4: Final Decision (Week 3)

**Negotiate Terms**

Present competing offers to your preferred lender. Approximately 60% of lenders will match or improve terms to earn your business.

Sample script: "Your service has been excellent, but Lender X offered 6.50% with $3,200 in fees compared to your 6.625% with $3,800 in fees. Can you match or improve their terms?"

**Lock Your Rate**

Once satisfied with terms, lock immediately. Rate lock agreements specify:

- Locked interest rate

- Lock expiration date  

- Lock extension fees (if needed)

- Float-down provisions (if applicable)

**Request lock confirmation in writing within 24 hours.**

## Specialized Loan Programs: Advanced Options

### First-Time Homebuyer Resources

State housing finance agencies in all 50 states offer programs including:

**Down Payment Assistance**: Grants or forgivable loans covering 3% to 5% of purchase price. Income limits apply—typically 80% to 120% of area median income.

**Mortgage Credit Certificates (MCC)**: Tax credits worth 20% to 50% of annual mortgage interest, saving $1,000 to $2,000 yearly. MCCs last the loan's lifetime.

**Interest Rate Discounts**: Reduced rates of 0.25% to 0.75% below market for qualified first-time buyers.

Access programs through state HFA websites. Examples: CalHFA (California), NCHFA (North Carolina), MassHousing (Massachusetts), OHFA (Ohio).

### VA Loan Advantages

Veterans and active military personnel access the market's best loan terms:

**Zero Down Payment**: No minimum down payment required, enabling homeownership without significant savings.

**No Private Mortgage Insurance**: Unlike conventional loans under 20% down or FHA loans requiring lifetime MIP, VA loans never require mortgage insurance.

**Competitive Interest Rates**: Average 0.25% to 0.50% below conventional rates due to government guarantee.

**Lenient Credit Requirements**: No minimum credit score mandated by VA (lenders typically require 620), and debt-to-income ratios can exceed 41% with compensating factors.

**Funding Fee**: 2.15% for first-time use, 3.3% for subsequent use (waived for disabled veterans). This fee can be financed into the loan.

**Specialized Lenders**: Veterans United Home Loans, USAA, and Navy Federal Credit Union specialize in VA loans and understand military-specific challenges like deployment, PCS moves, and VA disability income.

### Jumbo Loan Considerations

For loans exceeding $806,500 ($1,209,750 in high-cost areas), jumbo loan requirements intensify:

**Credit Score Requirements**: Minimum 700, with best rates at 740+.

**Down Payment**: 10% to 20% required, with rates improving at 20%.

**Debt-to-Income Ratio**: Maximum 43%, though many lenders prefer 38% or lower.

**Cash Reserves**: 6 to 12 months of mortgage payments required in liquid assets post-closing.

**Income Documentation**: Enhanced verification, limited flexibility for self-employed borrowers.

**Appraisal Requirements**: Often require two appraisals, adding cost and time.

**Lenders Specializing in Jumbos**: JPMorgan Chase Private Client, U.S. Bank, Guaranteed Rate, and regional banks in high-cost markets offer competitive jumbo programs.

### Investment Property Financing

Non-owner-occupied properties require different lending approaches:

**Conventional Investment Loans**: 15% to 25% down payment, interest rates 0.50% to 0.875% above owner-occupied rates, stricter debt-to-income requirements.

**Portfolio Loans**: Local banks keeping loans in-house offer more flexibility but higher rates (0.75% to 1.50% above market).

**DSCR Loans**: Qualify based on property cash flow rather than personal income. No tax returns or income verification required. Rates run 1.50% to 2.50% above conventional rates.

**Blanket Loans**: Finance multiple properties with single mortgage, useful for investors with 5+ properties (conventional financing caps at 10 properties).

## Red Flags and Warning Signs

### Predatory Lending Indicators

**Excessive Fees**: Origination fees exceeding 1.5% of loan amount without justification.

**Prepayment Penalties**: While legal on some loans, prepayment penalties restricting refinancing or early payoff benefit lenders at borrower expense.

**Yield Spread Premium Abuse**: Brokers or loan officers steering borrowers toward higher-rate loans for increased compensation without disclosure.

**Inflated Appraisals**: Encouraging overvaluation to facilitate larger loans. This leaves you underwater immediately and vulnerable if values decline.

**Pressure Tactics**: Rushing decisions, discouraging rate shopping, or claiming limited-time offers that create false urgency.

**Insufficient Disclosure**: Reluctance to provide written estimates, vague fee explanations, or changing numbers without justification.

### Operational Red Flags

**Poor Communication**: Unreturned calls for 24+ hours, vague answers to specific questions, different information from different representatives.

**Missed Deadlines**: Consistently missing scheduled milestone dates, last-minute document requests that should have been requested weeks earlier.

**Excessive Conditions**: Underwriters requesting same documents multiple times, unclear condition explanations, or constantly adding new requirements.

**License Issues**: Suspended or inactive NMLS licenses, disciplinary action

Negative Review Patterns: Multiple reviews mentioning same problems, recent review deterioration, or defensive responses to criticism.

The True Cost of Poor Lender Selection

Quantifiable Costs

Higher Interest Rates: 0.25% higher rate on $400,000 loan costs $28,800 over 30 years. One percentage point higher costs $115,000.

Excessive Fees: $5,000 in unnecessary closing costs disappears from your savings permanently.

Extended Processing: Rate lock extensions cost 0.0625% to 0.125% per week ($250 to $500 weekly on $400,000 loan).

Deal Failure: Missing closing dates can cost earnest money deposits ($5,000 to $20,000), temporary housing expenses, and lost dream homes.

Intangible Costs

Stress and Anxiety: Unclear communication and missed deadlines create significant emotional burden during an already stressful process.

Time Waste: Dealing with incompetent processors means hours on phone calls, duplicate paperwork, and delayed closings.

Opportunity Cost: Time spent managing poor lender relationships could be used for moving preparation, home inspections, or work responsibilities.

Long-Term Frustration: Poor servicer quality means years of payment processing problems, escrow issues, and customer service headaches.

Finalizing Your Decision: The Last Mile

Pre-Closing Verification

Review Closing Disclosure: Arrives three business days before closing. Compare to Loan Estimate. Minor variations are normal, but significant changes require explanation.

Verify Wire Instructions: Mortgage wire fraud costs homebuyers millions annually. Confirm wire instructions through phone call using lender's official number (not email), never clicking email links for wire instructions.

Conduct Final Walkthrough: Verify loan terms match your understanding, all agreed-upon conditions are met, and no unexpected fees appeared.

Closing Day Preparation

Required Documents:

Government-issued photo ID

Proof of homeowners insurance

Cashier's check or wire confirmation for closing costs

Final utility bills (if refinance)

Review Settlement Statement: Verify all numbers before signing. Don't feel pressured—you have the right to read thoroughly.

Understand What You're Signing: Promissory note (your promise to repay), deed of trust or mortgage (lender's security interest), closing disclosure (final costs), and various acknowledgments.

Post-Closing Actions

Retain All Documents: Keep closing package permanently. You'll need it for tax purposes, future refinances, and home sales.

Set Up Payment Method: Establish automatic payments to avoid missed payments and credit damage.

Monitor First Statement: Verify correct balance, interest rate, and payment allocation. Mistakes happen—catch them early.

Track Important Dates: Note when PMI can be removed (78% loan-to-value), rate adjustment dates (if ARM), and when you'll have sufficient equity for cash-out refinance consideration.

When to Consider Refinancing

Monitor refinancing opportunities to optimize your mortgage:

Rate Improvements: General guideline suggests refinancing when rates drop 0.75% or more below your current rate. Calculate exact breakeven based on closing costs.

Equity Growth: Reaching 20% equity eliminates PMI on conventional loans, potentially saving $100 to $300 monthly.

Term Reduction: Refinancing from 30-year to 15-year mortgage while maintaining similar payments accelerates equity building and reduces total interest dramatically.

Cash-Out Needs: Accessing equity for home improvements, debt consolidation, or investment opportunities. Maintain 20% equity to avoid PMI.

ARM to Fixed Conversion: Before adjustable-rate mortgages reset to higher rates, converting to fixed-rate loans provides payment stability.

Industry Insights and Current Trends

Market Conditions (Early 2026)

The Federal Reserve's monetary policy significantly impacts mortgage rates. Current rates reflect ongoing inflation concerns balanced against economic growth objectives.

Purchase Market: Inventory constraints continue in many markets, making quick closing capabilities more valuable. Cash offers receive preference, but strong pre-approvals with reliable lenders compete effectively.

Refinance Market: With rates elevated compared to 2020-2021 levels, refinance activity remains 60% below historical averages. Most homeowners locked in sub-4% rates during pandemic years.

Technology Integration

Automated Underwriting Systems: Fannie Mae's Desktop Underwriter and Freddie Mac's Loan Product Advisor process most conventional loans, providing initial approvals within minutes.

Digital Closings: Remote online notarization (RON) enables entirely digital closing processes in most states, though many borrowers still prefer in-person closings.

Instant Verification: Services like The Work Number, IRS Income Verification Express Service (IVES), and automated bank account verification reduce documentation requirements and processing time.

Consumer Protection Enhancements

TRID Rules: TILA-RESPA Integrated Disclosure requirements standardized disclosures, creating Loan Estimates and Closing Disclosures that enable apple-to-apple comparisons.

Qualified Mortgage (QM) Standards: Ensure borrowers can reasonably repay loans, limiting risky features like negative amortization, interest-only payments, or excessive debt-to-income ratios.

Ability-to-Repay Rules: Lenders must verify and document borrower income, assets, employment, and credit history, preventing no-documentation lending that contributed to 2008 financial crisis.

Essential Resources for Informed Decisions

Government Resources

Consumer Financial Protection Bureau (consumerfinance.gov): Tools include mortgage shopping worksheets, complaint databases, educational resources, and regulatory guidance.

Federal Housing Administration (hud.gov/fha): FHA loan information, approved lender lists, and homeownership counseling resources.

Department of Veterans Affairs (va.gov/housing-assistance): VA loan certificates of eligibility, lender information, and veteran-specific resources.

USDA Rural Development (rd.usda.gov): Property eligibility maps, income limit calculators, and program guidelines.

Professional Associations

Mortgage Bankers Association (mba.org): Industry statistics, consumer education, and lender directories.

National Association of Mortgage Brokers (namb.org): Broker finder tool and consumer protection resources.

Rate Monitoring Tools

Freddie Mac Primary Mortgage Market Survey: Weekly national average rates, published Thursdays, industry standard benchmark.

Bankrate.com: Daily rate surveys from multiple lenders across markets.

Mortgage News Daily: Real-time rate indices and market analysis.

Local Resources

Housing Counseling Agencies: HUD-approved counselors provide free or low-cost guidance. Find agencies at hud.gov/findacounselor.

State Housing Finance Agencies: Every state operates an HFA offering first-time buyer programs, down payment assistance, and education. Google "[State] Housing Finance Agency" for local resources.

Conclusion: Your Path to Mortgage Success

Selecting the right mortgage lender requires diligent research, thorough comparison, and asking incisive questions. The lender offering the lowest advertised rate may not provide the best overall value once fees, service quality, and closing reliability are considered.

Your optimal lender balances competitive pricing with efficient processing, clear communication, and appropriate loan programs for your specific situation. This institution becomes your financial partner for decades, making thoughtful selection crucial.

Action Steps Summary:

Research 5-7 lenders across different categories within first week

Verify licenses and review complaint histories for each

Request detailed rate and fee quotes with identical scenario details

Submit applications to top 3 lenders within 45-day window

Compare Loan Estimates using standardized spreadsheet

Calculate long-term costs beyond monthly payment

Negotiate terms using competing offers as leverage

Verify all details before locking rate

Maintain open communication throughout processing

Review Closing Disclosure thoroughly before closing day

The mortgage selection process demands time investment, but the financial return on this effort extends throughout your homeownership journey. A 0.50% better rate represents tens of thousands in savings. Efficient processing prevents deal failure and stress. Quality service ensures smooth closing and long-term satisfaction.

Begin your lender search early—ideally 60 to 90 days before serious house hunting. This timeline allows comprehensive research, rate shopping during optimal market conditions, and pre-approval completion before making offers.

Your home purchase represents the largest financial transaction most Americans ever make. Approach mortgage lender selection with corresponding seriousness, and you'll benefit from this decision for years to come.

Disclaimer this article is jus for education purpose not any kind of advice please consult some mortgage lender expert before any step 

Only for educational purposes 

Author AF