Mortgage Information
Maine Mortgage Info 101:
A mortgage lender is an important member of your home buying team. Just as your buyer’s agent is dedicated to getting you the perfect Maine property, the mortgage lender’s job is to get you the financing to make it all happen. Choosing the right mortgage lender to assist you in the process is crucial to having a smooth real estate transaction.
Where can you find a mortgage lender in the state of Maine?
- Visit your Bank
- Ask a friend or family member for a referral
- Check out the Maine Association of Mortgage Brokers
Before you contact a lender:
Shopping for a lender in the state of Maine requires a little homework. Researching the different types of mortgages, knowing the current mortgage rates, understanding the fees associated with each loan can put in a clear advantage during your initial conversation with the lender.
Questions for the Lender:
Are you licensed in the State of Maine?
Whom do you represent (e.g., a bank, broker, finance company)?
What are your loan programs? Ex. Do you offer VA loans? FHA loans?
Can you provide me with a list of your fees?
Would you get approval for my loan locally?
Are you going to hold this loan or sell it?
Mortgage Calculator
